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In-flight Entertainment & Connectivity (IFEC) Market Size and Global Forecast to 2023

In-flight entertainment & connectivity market is expected to reach $7.65 billion USD by 2023 from USD 5.03 billion in 2018, at a CAGR of 8.72% from 2018 to 2023.

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In-flight Entertainment & Connectivity (IFEC) Market Size and Global Forecast to 2023

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  1. According to the latest market research the report "In-flight Entertainment & Connectivity (IFEC) Market by End User (OEM, Aftermarket), Aircraft Type (NBA, WBA, VLA, Business Jets), Product Hardware, Connectivity, IFE Content), and Region Forecast to estimated to be $5 billion in 2018 and is projected to reach $11 billion by 2023, at a CAGR of 9% from 2018 to 2023. The need to enhance the passenger technological developments, and an increase in aircraft (IFE IFE - 2023", Global is experience, deliveries are factors expected to drive the market. 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

  2. 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 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

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