In-flight Entertainment & Connectivity (IFEC) Market Size and Global Forecast to 2023

1
According to the latest market research the
report "In-flight Entertainment Connectivity
(IFEC) Market by End User (OEM,
Aftermarket), Aircraft Type (NBA, WBA, VLA,
Business
Jets), Product Hardware,
(IFE IFE
Connectivity, IFE Content), and Region -
Global Forecast to 2023", is estimated to be 5
billion in 2018 and is projected to reach 11
billion by 2023, at a CAGR of 9 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 market. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.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
2
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
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. 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). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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