/PRNewswire/ The In-flight Entertainment Systems Market value is set to grow by USD 296.24 million, progressing at a CAGR of 1.39% from 2020 to 2025, as per.
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NEW YORK, Aug. 3, 2021 /PRNewswire/
According to Technavio, incremental growth of USD 296.24 million is expected in the in-flight entertainment systems market during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the in-flight entertainment systems market in optimistic, probable, and pessimistic forecast scenarios.
Technavio has announced its latest market research report titled In-flight Entertainment Systems Market by Product and Geography - Forecast and Analysis 2021-2025
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Burrana Pty Ltd., FDS Avionics Corp., GOGO LLC, Honeywell International Inc., Inmarsat Group Ltd., Panasonic Corp., Safran SA, Thales Group, Global Eagle Entertainment Inc., and Viasat Inc. are some of the major market parti
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the in-flight entertainment systems market.
Frequently Asked Questions:
Based on the product, the market saw maximum growth in the hardware segment in 2019.
What are the major trends in the market?
The growing trend of BYOD aboard aircraft is the major trend in the market.
At what rate is the market projected to grow?