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Global In-Flight Entertainment and Connectivity Market is Projected to Reach $7.8 Billion by 2023

The Global In-flight entertainment and connectivity market is poised to grow from $4.4 Billion in 2017 to $7.8 Billion by 2023 at a CAGR of 8.6% during the forecast period 2018 to 2023. The increasing need for enhancing the passenger experience paired with the rise in aircraft deliveries & increase in technological advancements have driven the in-flight entertainment & connectivity market.

The narrow body aircraft is projected to grow at the fastest pace over the forecast period 2018 to 2023. Further, among the product type, the content segment is forecasted to garner the highest CAGR owing to the rise in use of onboard Wi-Fi service for content streaming, web browsing, airline information, SMS, emails, and other information during travel.

Among the end users, the aftermarket held the largest market share. However, the OEM end user is anticipated to denote a lucrative growth rate in the in-flight entertainment and connectivity market. North America is estimated to lead the in-flight entertainment and connectivity market.
 
The key market players operating in the in-flight entertainment and connectivity market include Panasonic Avionics Corporation, Thales Group, Rockwell Collins Inc., Zodiac Aerospace, Honeywell International, Viasat, Inc., Sitaonair, Digecor Inc., Gogo LLC, and Global Eagle Entertainment Inc.  among others. These players adopt various strategies such as product launch, partnership, acquisition, and others to sustain in the market.

Key Takeaways of the Global In-Flight Entertainment and Connectivity Market:
•    The narrow body aircraft segment is estimated to garner the highest growth rate in the market during the forecast period 2018 to 2023.
•    The product type content is projected to grow at the fastest pace.
•    The aftermarket end user in the in-flight entertainment and connectivity market generated the highest revenue share in 2017.
•    North America region is estimated to lead the market in 2017 and is expected to maintain its dominance over the forecast period.

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