1 / 3

IFEC Market Growing at the Fastest Rate in APAC and North America Region

The in-flight entertainment & connectivity market is projected to reach USD 7.65 billion by 2023, at a CAGR of 8.72% from 2018 to 2023.

sandeeproy
Download Presentation

IFEC Market Growing at the Fastest Rate in APAC and North America Region

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. In-flight Entertainment & Connectivity (IFEC) Market Growing at the Fastest Rate in APAC and North America Region This report segments the IFEC market based on aircraft type, end user, product and region. Based on aircraft type, the market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, and business jets. Based on end use, the market has been segmented into OEM, aftermarket. Based on product, the market has been segmented into hardware, connectivity and content. The report "In-flight Entertainment & Connectivity (IFEC) Market by End User (OEM, Aftermarket), Aircraft Type (NBA, WBA, VLA, Business Jets), Product (IFE Hardware, IFE Connectivity, IFE Content), and Region - Global Forecast to 2027", 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. Browse 147 market data Tables and 47 Figures spread through 185 Pages and in- depth TOC on "In-flight Entertainment & Connectivity (IFEC) Market - Global Forecast to 2027" 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.

  2. 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 forecastperiod 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. 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). 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

  3. 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

More Related