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It was estimated prior to this unanticipated outbreak that the Left Ventricular Assist Device Treatment Market was expected to grow at a CAGR of 11.1% during the forecast period.
AUG 17,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the In-flight Entertainment & Connectivity (IFEC) Market.
In-flight Entertainment & Connectivity (IFEC) Market is likely to witness an impressive CAGR of 9.2% during the forecast period.
In-flight Entertainment & Connectivity (IFEC) is the system that maintains features of entertainment and proper connectivity for the passengers and crew members within the flight.
Market Dynamics:
Technological developments, an increase in aircraft deliveries, and the need to enhance the passenger experience are the major factors expected to drive the global in-flight entertainment & connectivity (IFEC) market during the forecast period.
Segment Analysis
End User Trends
Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM segment led the market in 2018, and is expected to maintain its dominance during the forecast period. Commercial aircraft manufacturers such as Airbus and Boeing are presently converging on installing enhanced in-flight entertainment systems, which are presently in production. Thus, the OEM segment is estimated to command the market in the coming five years.
Regional Trends
In terms of regions, North America dominated the in-flight entertainment & connectivity market in 2018, and is expected to maintain its dominance during the forecast period. The aviation industry is one of the most lucrative industries in North America, with the presence of giant aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bell Helicopter (US), Sikorsky Aircraft (US), and Bombardier (Canada) in the region.
AUG 17,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fluorosilicic Acid Market.