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:
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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.
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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.
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