In-flight Entertainment & Connectivity Market Forecast to 2027


Posted April 30, 2020 by AerospaceDefense

In-flight Entertainment & Connectivity (IFEC) Market worth $11 billion by 2027 growing with a CAGR of 9%.
 
The In-flight Entertainment & Connectivity (IFEC) Market is estimated to be USD 5 billion in 2018 and is projected to reach USD 11 billion by 2027, at a CAGR of 9% from 2018 to 2027. The need to enhance the passenger experience, technological developments, and an increase in aircraft deliveries are factors expected to drive the market.

Key Market Players

Key players in the in-flight entertainment & connectivity market include Panasonic Avionics (US), Thales Group (France), Rockwell Collins, Inc. (US), Gogo LLC (US), Honeywell International, Inc. (US), and Zodiac Aerospace (France).

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=860

The OEM segment of the in-flight entertainment & connectivity market is expected to grow at a higher CAGR during the forecast period

The OEM segment is expected to grow at a higher CAGR during the forecast period, as compared to the aftermarket segment. OEM refers to the installation of equipment during the manufacturing of a new aircraft. Leading airlines are focused on the installation of new IFEC systems. The installation of IFEC systems primarily depends on the number of aircraft manufactured in a year. Commercial aircraft manufacturers such as Airbus and Boeing are currently focused on the installation of advanced in-flight entertainment systems, which are currently in the production phase.

The Narrow-body Aircraft (NBA) segment is expected to grow at the highest CAGR during the forecast period

Based on aircraft type, the narrow-body aircraft segment of the in-flight entertainment & connectivity market is projected to grow at the highest CAGR during the forecast period. The growth of the narrow-body aircraft segment can be attributed to an increase in narrow-body aircraft deliveries worldwide. Airlines are presently replacing the older fleet of narrow-body aircraft with the introduction of latest aircraft, such as the A320neo and the 737 Max. They are also focused on the procurement of the next-generation narrow-body aircraft to improve profitability.

The IFE content segment is expected to grow at the highest CAGR during the forecast period

Based on product, the IFE content segment of the in-flight entertainment & connectivity market is projected to grow at the highest CAGR from 2018 to 2027. The growth of this segment can be attributed to the increasing use of onboard WI-FI service by passengers for web browsing, content streaming, SMS, e-mail, destination information, concierge services, and other airline information during air travel.

The IFEC market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

The in-flight entertainment & connectivity market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, owing to the increasing aircraft deliveries and rising passenger traffic in this region. China is expected to be the major market in the region, owing to the reforms in their regulations and policies, innovative business models, and the development of aircraft with new technologies.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=860



About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets
Country Japan
Categories Aerospace , Business , Entertainment
Tags in flight entertainment market
Last Updated April 30, 2020