Global Wireless In-Flight Entertainment (W-IFE) Market to Reach $6 Billion by 2027 – Yahoo Finance

by | Oct 25, 2022 | Entertainment

ReportLinkerIn the changed post COVID-19 business landscape, the global market for Wireless In-Flight Entertainment (W-IFE) estimated at US$2. 2 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 15.New York, Oct. 25, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Global Wireless In-Flight Entertainment (W-IFE) Industry” – 4% over the analysis period 2020-2027. Narrow-Body, one of the segments analyzed in the report, is projected to record a 15.1% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wide-Body segment is readjusted to a revised 15.7% CAGR for the next 7-year period.The U.S. Market is Estimated at $594 Million, While China is Forecast to Grow at 20% CAGRThe Wireless In-Flight Entertainment (W-IFE) market in the U.S. is estimated at US$594 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 19.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$924.1 Million by the year 2027.Regional Jet Segment to Record 16.3% CAGRIn the global Regional Jet segment, USA, Canada, Japan, China and Europe will drive the 16.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$166 Million in the year 2020 will reach a projected size of US$451.1 Mil …

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