Market Size of Europe Inflight Entertainment and Connectivity Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 199.17 Million |
Market Size (2029) | USD 227.22 Million |
CAGR (2024 - 2029) | 2.67 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Inflight Entertainment & Connectivity Market Analysis
The Europe Inflight Entertainment and Connectivity Market size is estimated at USD 199.17 million in 2024, and is expected to reach USD 227.22 million by 2029, growing at a CAGR of 2.67% during the forecast period (2024-2029).
The COVID-19 pandemic had a major effect on Europe's Inflight Entertainment and Connectivity Market. The onset of the pandemic led to various countries within the European region closing their borders, imposing travel restrictions, and suspending flights in an effort to contain the virus. The border and travel restrictions led to a decline in the number of air traffic passengers. Moreover, the demand for purchasing of new aircraft witnessed a decline and this led to an overall decline in the demand for advanced inflight entertainment systems leading to various manufacturers of inflight entertainment systems witnessing huge losses. On the other hand, with the decline in the COVID-19 pandemic, various windows of opportunities have once again opened up in the market. With various countries in the European Union lifting travel bans and restrictions, there has been an increase in the number of air passenger traffic in the European region in the few years. The increase in air passenger traffic has also propelled growth in the production of newer aircraft to accomodate the air passenger traffic. This had led to various countries in the Euopean region plaaning out programs in order to equip their aircraft with the latest inflight entertinment systems thus providing opportunity to inflight entertainment system manufacturers to develop advanced systems and increase their profit margin. Thus, such developments will lead to the market witnessing significant growth during the forecast period.
Increasing passenger traffic in the region is demanding the procurement of new-generation aircraft, which, in turn, is generating demand for inflight entertainment and connectivity systems. Installation of new and high-speed connectivity solutions, along with the increasing digitization on board (e-magazines, online streaming of movies and TV shows, etc.), and the use of personal electronic gadgets for streaming (Bring Your Own Device concept) are expected to act as the major drivers for the growth of the market during the forecast period.