In-flight Entertainment & Connectivity (IFEC) Market worth $7.65 billion by 2023 - PowerPoint PPT Presentation

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In-flight Entertainment & Connectivity (IFEC) Market worth $7.65 billion by 2023

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According to the new market research 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 2023", The In-flight Entertainment & Connectivity Market is estimated to be USD 5.03 billion in 2018 andis projected to reach USD 7.65 billion by 2023, at a CAGR of 8.72% from 2018 to 2023. – PowerPoint PPT presentation

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Title: In-flight Entertainment & Connectivity (IFEC) Market worth $7.65 billion by 2023


1
In-flight Entertainment Connectivity (IFEC)
Market worth 7.65 billion by 2023
According to the new market research 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 2023", The
In-flight Entertainment Connectivity Market is
estimated to be USD 5.03 billion in 2018
andis projected to reach USD 7.65 billion by
2023, at a CAGR of 8.72 from 2018 to
2023. The need to enhance the passenger
experience, technological developments, and an
increase in aircraft deliveries are factors
expected to drive the in-flight entertainment
connectivity market. Browse 145 market data
Tables and 46 Figures spread through 183 Pages
and in-depth TOC on "In-flight Entertainment
Connectivity (IFEC) Market - Global Forecast to
2023" https//www.marketsandmarkets.com/PressRele
ases/in-flight-entertainment- communications.asp
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 of the in-flight
entertainment connectivity market. 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 in-flight
entertainment connectivity 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 of the in-flight entertainment
connectivity market is expected to grow at the
highest CAGR during the forecast period
2
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 in-flight
entertainment (IFE) content segment of in-flight
entertainment connectivity market expected to
grow at the highest CAGR during the forecast
period Based on product, the in-flight
entertainment (IFE) content segment of the
in-flight entertainment connectivity market is
projected to grow at the highest CAGR from 2018
to 2023. 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
in-flight entertainment connectivity 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 in-flight entertainment
connectivity market in the region, owing to the
reforms in their regulations and policies,
innovative business models, and the development
of aircraft with new technologies. Ask for
Sample Report _at_ https//www.marketsandmarkets.com
/requestsampleNew.asp?id860 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). Dont miss out on business
opportunities in In-flight Entertainment
Connectivity (IFEC) Market. Speak to our analyst
and gain crucial industry insights that will help
your business grow. About MarketsandMarkets Ma
rketsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
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