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According to Stratview Research, the in-flight entertainment and connectivity market is expected to reach $6.3 billion by 2027, growing at a CAGR of 16.7% from 2022 to 2027.
Raipur, 22nd December, 2022 (GLOBE NEWSWIRE) – Leading Stratview Research market research company has published a In-Flight Entertainment and Connectivity Market It provides an in-depth analysis of market dynamics, current and emerging trends, industry forecasts, and competitive landscape.
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How can this report help?
The report is highly useful for key decision makers and strategists in terms of accurate market insights, future growth opportunities, and critical success factors.
Most importantly, the report analyzes the possible impact of COVID-19 on the market dynamics, which provides a buffer against uncertain business environment and helps to simplify resource and investment decisions in a productive manner.
In-Flight Entertainment and Connectivity Market segmentation:
Stratview Research has segmented the market in the following ways to meet the market data needs of multiple stakeholders across the industry value chain.
fly by plane type (narrow body, wide body, regional and business jet),
by product type (hardware, connectivity and content),
by end user type (OE and Aftermarket),
By equipped equipment type (BFE and SFE),
by region (Rest of World, Asia Pacific, Europe and North America)
In-Flight Entertainment and Connectivity Market opinion
By model
The IFEC market is segmented into narrow-body, wide-body, regional and business jets. Widebody aircraft expected to be the fastest growing aircraft type in the market during the forecast period. Increase in the number of non-stop long-haul flights globally is one of the key factors driving the growth of this segment. Demand for this segment is expected to grow significantly over the next few years as IFEC becomes a more acceptable low-cost alternative for new OEM components.
by end user type
The market is divided into OE and aftermarket. OE is expected to remain dominant while aftermarket is likely to be the fastest growing segment of the market During the forecast period, due to the large number of in-flight entertainment systems pre-installed by airlines.
by product type
The market is segmented into hardware, connectivity, and content. Hardware is expected to remain the most dominant segment of the market during the forecast period. IFE hardware is the main component for experiencing visual entertainment content in the IFEC market. Inflight connectivity is expected to be the fastest growing segment in the market During the forecast period, Ku-band has a high usage rate in commercial aircraft, while ATG is mainly used in business jets and narrow-body aircraft.
Which region offers the best opportunity and growth?
North America is expected to remain the largest market for the investment committee Over 80% of all aircraft originating in North America will have IFC installed during the forecast period, and the top six connected fleets are located in the region, making it the most saturated market globally. The presence of major IFEC suppliers such as Panasonic, Viasat, Astronics, and Gogo is one of the major factors pointing to the region’s enormous dominance and continued healthy growth opportunities.
Asia Pacific is likely to grow at the fastest rate in the next five yearsdriven by the growing adoption of the IFEC system in emerging economies such as India; increasing acceptance of IFE in China and other developing countries; anticipated market entry of new aircraft programs such as the C919; and the return of the B737 max in China.
Impact of COVID-19 on Inflight Entertainment and Connectivity Market
The COVID-19 pandemic has positively impacted the global in-flight entertainment and connectivity market. During the pandemic, major manufacturers have used various strategies to increase their market share in the broader market, including product launches, product improvements, and R&D spending.
To learn more about the impact of covid-19, get a free sample report here:
Who are the key market players?
After a comprehensive analysis of the market, experts have listed some of the key players and discussed the company profiles of the following players −
What deliverables will you achieve in this report?
In-Depth Analysis of Inflight Entertainment and Connectivity Market
Detailed market segmentation.
Competitive landscape analysis.
Historical, present and future market size analysis.
Industry trends, technologies and advancements.
Growth and operating strategies adopted by key players.
Potential market segments/regions offer promising growth.
Geographical distribution of key players.
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https://www.stratviewresearch.com/2718/music-streaming-market.html
Aircraft Communication Systems Market
https://www.stratviewresearch.com/554/aircraft-communication-system-market.html
about us –
Stratview Research is a global market research firm providing reliable market reports, market entry strategies, strategic growth consulting and more. Market experts assemble high-quality market information to help users gain detailed information on current business trends and expected future developments. Stratview Research also offers custom reports. Contact an analyst to customize a given report according to your priorities/requirements.
Stratview Research also launched “Composights,” an online portal offering free thought leadership reports, white papers, market report summaries, and more for the composites and related industries, valued at $20,000 per year.
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CONTACT: Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176
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