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Follow on Google News |  In-Flight Entertainment & Connectivity Market worth 5.80 Billion USD by 2020The in-flight entertainment & connectivity (IFEC) market is expected to reach USD 5.80 Billion by 2020 from an estimated USD 2.85 Billion in 2015, at a CAGR of 15.23% from 2015 to 2020.
By: Marketsandmarkets Browse 78 tables and 65 figures spread through 155 Pages and in-depth TOC on "In-Flight Entertainment & Connectivity Market - Analysis & Global Forecasts to 2020". http://www.marketsandmarkets.com/ Early buyers will receive 10% customization on this report. Download Free Sample Pages @ http://www.marketsandmarkets.com/ This report studies the in-flight entertainment & connectivity market for the forecast period of 2015 to 2020. This market is expected to reach USD 5.80 Billion by 2020 from USD 2.85 Billion in 2015 at a CAGR of 15.23% during the forecast period. The global in-flight entertainment & connectivity (IFEC) market is segmented on the basis of product type, aircraft type, fit, and region. Based on product type, the IFEC market is segmented into connectivity, content, and hardware. The connectivity segment is classified into wired and wireless, the content segment is further subsegmented into stored and streamed. Whereas, the hardware segment is subsegmented into portable and non-portable. In 2015, the hardware segment is estimated to account for the major share of the in-flight entertainment & connectivity market during the forecast period. Based on aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, very large aircraft, and business jets. In 2015, the wide body aircraft segment is estimated to account for the major share of the in-flight entertainment & connectivity market. On the basis of geography, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Regions such as Latin America, Middle East, and Africa are covered under RoW. In 2015, North America accounted for the largest share of the in-flight entertainment & connectivity market. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period. This is due to the increase of wireless and seat centric solutions being adopted by number of airlines. This region will also be a revenue pocket for market players. A number of factors such as enhancing the passengers experience, exponential growth in the data usage on the ground and in the air, increase in the demand for large cabin business jets, and wireless and seat centric solutions being adopted by increasing number of airlines are driving the growth of the in-flight entertainment & connectivity market. On the other hand, factors such as high installation cost, and content management & up-gradation are restricting the growth of this market. However, increase in the long haul flight offer new growth opportunities for the market players. A strong focus on innovation is being observed in the in-flight entertainment & connectivity market. The rich pipeline of innovative products in the in-flight entertainment & connectivity market opens an array of opportunities for the market. Players are particularly focused on making devices compact and efficient. Some major players operating in the in-flight entertainment & connectivity market include Panasonic Avionics Corporation (Japan), Thales Group S.A. (France), Zodiac Aerospace S.A. (France), and GoGo LLC (U.S.). The other competitors of this market are Viasat Inc, OnAir, Digecor, and Lufthansa Systems AG. Request Sample @ http://www.marketsandmarkets.com/ About MarketsandMarkets MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com End
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