In-flight Entertainment & Connectivity (IFEC) Market Trend Evaluation with covid-19 impact

In-flight Entertainment & Connectivity (IFEC) Market Trend Evaluation with covid-19 impact

August 26, 2020

This new report from Stratview Research analyses the In-flight Entertainment & Connectivity (IFEC) Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

In-flight Entertainment & Connectivity (IFEC) Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the In-flight Entertainment & Connectivity (IFEC) Market is no different. Derived from the previous market scenario, the In-flight Entertainment & Connectivity (IFEC) Market is likely to witness an impressive CAGR of 9.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/782/inflight-entertainment-&-connectivity-market.html

Market Share Analysis

In-flight Entertainment & Connectivity (IFEC) Market Share: By Product Type

Based on the product type, the market is segmented as IFE hardware, IFE connectivity, and IFE content. The IFE hardware segment is estimated to lead the market during the forecast period. The operating cost of aircraft is being reduced as several market players are developing portable equipment to accommodate more seats. Further, hardware providers of IFEC systems are considering the advantages of the connectivity option that offers content streaming solutions.  

In-flight Entertainment & Connectivity (IFEC) Market Share: By Aircraft Type

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, and business jets. The narrow-body aircraft segment is expected to dominate the IFEC market during the forecast period. The growth of the narrow-body aircraft segment is owing to a rise in narrow-body aircraft deliveries worldwide. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. Airlines are currently 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 attentive on the procurement of the next-generation narrow-body aircraft to enhance profitability.

Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/782/inflight-entertainment-&-connectivity-market.html

In-flight Entertainment & Connectivity (IFEC) Market Share: By End-User Type

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.

In-flight Entertainment & Connectivity (IFEC) Market Share: By Region

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.  

In-flight Entertainment & Connectivity (IFEC) Market: Key Players

Some of the major players in the in-flight entertainment & connectivity (IFEC) market are Digecor, Inc., Gogo LLC, Global Eagle Entertainment, Inc., Honeywell International, Lufthansa Systems GmbH & Co. Kg, Panasonic Avionics Corporation, Rockwell Collins, Inc., Sitaonair, Thales Group, and Viasat, Inc. 

Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry:  https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

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Author : Emily

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