The global in-flight entertainment & connectivity industry size is expected to showcase an exponential growth by reaching USD 7.68 billion by 2027 while exhibiting a CAGR of 9.76% between 2020 and 2027. The growth is attributed to the growing adoption of advanced SATCOM technology and the increasing demand for technologically advanced 5G technology that is likely to drive the manufacturers to develop innovative in-flight entertainment & connectivity solutions globally. The report further mentions that the market stood at USD 5.71 billion in 2019 and is projected to experience substantial growth in the forthcoming years.
Several countries have imposed a ban on air travel to contain the widespread effects of the novel coronavirus. This has led to significant decline in revenues witnessed by major aircraft operators. The temporary suspension of operation of flights is expected to restrain the growth of the market to some extent.
In-flight entertainment & connectivity services enhance the experience of passengers during air travel. The services include live video streaming, access to internet services, and text messaging. The IFEC devices are generally portable and non-portable that provide a plethora of entertainment services for the passengers.
Increasing Adoption of Advanced SATCOM Technology to Augment Growth
The growing demand for leisure travelling is propelling the manufacturers to install advanced SATCOM technology to improve the in-flight experience of the passengers. This technology is capable of providing seamless connectivity at any given latitude. Owing to their high-reliability to provide advanced in-flight entertainment & connectivity solutions, SATCOM antennas are extensively adopted by several airline operators. Additionally, the increasing demand for advanced technologies such as 5G to provide faster and non-stop entertainment solutions is likely to contribute to the global in-flight entertainment & connectivity market growth during the forecast period.
Presence of Established Companies in North America to Lead to Development of Infotainment Services
Among all the regions, North America stood at USD 2.70 billion in 2019 and is projected to hold the highest position in the global in-flight entertainment & connectivity market during the forecast period. This is attributable to the presence of established players such as Collins Aerospace, Gogo LLC, and Panasonic Avionics Corporation that are focusing on developing advanced in-flight entertainment & connectivity solutions in the region.
On the other hand, Europe is expected to hold the second position in the market owing to the increasing adoption of upgradation of in-flight entertainment & connectivity services in the region between 2020 and 2027.
