In-flight Entertainment & Connectivity Market Forecast to 2027 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

In-flight Entertainment & Connectivity Market Forecast to 2027

Description:

In-flight Entertainment & Connectivity (IFEC) Market worth $11 billion by 2027 growing with a CAGR of 9%. – PowerPoint PPT presentation

Number of Views:0

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: In-flight Entertainment & Connectivity Market Forecast to 2027


1
The In-flight Entertainment Connectivity (IFEC)
Market is estimated to be USD 5 billion in 2018
and is projected to reach USD 11 billion by 2027,
at a CAGR of 9 from 2018 to 2027. The need to
enhance the experience,
passenger technological
developments, and an increase in aircraft
deliveries are factors expected to drive the
market. Key Market Players Key players in the
in-flight
entertainment connectivity Panasonic
market include
Avionics (US), Thales Group (France), Rockwell
Collins, Inc. (US), Gogo LLC (US), Honeywell
International, Inc. (US), and Zodiac Aerospace
(France). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id860 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 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
2
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. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id860 About MarketsandMarkets Marketsan
dMarkets 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. MarketsandMarketss
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
About PowerShow.com