The In-Flight Entertainment & Connectivity Market is more likely to rise at a CAGR of 12% throughout 2023-2028, to achieve US$ 7.9 billion in 2028, states Stratview Research.

DETROIT, Dec. 27, 2023 /PRNewswire/ — Stratview Research, a worldwide market research firm has launched a report on the worldwide In-Flight Entertainment & Connectivity Market which supplies a complete evaluation of the worldwide and regional trade forecast, present & rising developments, phase evaluation, and aggressive panorama.

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Report Highlights

Segment Insights on In-Flight Entertainment & Connectivity Market

The world In-Flight Entertainment & Connectivity Market is segmented based mostly on plane sort, product sort, end-user sort, gross sales channel sort, and area.

Based on the plane sort – The IFEC market is segmented into narrow-body plane, wide-body plane, regional plane, and enterprise jets. Wide-body plane is anticipated to be the fastest-growing plane sort out there throughout the forecast interval. The rising variety of continuous long-haul flights worldwide is among the key elements driving the phase’s development. With IFEC turning into a extra acceptable low-cost different to new OEM elements, the phase is anticipated to witness a big improve in demand within the coming years.

Based on the end-user sort – The market is bifurcated into OE and aftermarket. OE is anticipated to stay dominant, whereas aftermarket is more likely to be the fastest-growing market sort out there throughout the forecast interval, because of the presence of a lot of pre-installed in-flight leisure programs by airways.

Based on the product sort – The market is segmented into {hardware}, connectivity, and content material. Hardware was essentially the most dominating phase of the market in 2022. IFE {hardware} is the prime part within the IFEC market to expertise visible leisure content material. In-flight connectivity is anticipated to be the fastest-growing phase of the market over the forecast interval, with rising penetration of wi-fi in-flight connectivity in plane fleets internationally coupled with excessive utilization of Ku-band for business plane, whereas ATGs are used principally in enterprise jets in addition to narrow-body plane.

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Which Region Offers the Best Opportunity and Growth?

The report means that North America is anticipated to stay the biggest marketplace for IFEC throughout the forecast interval. This development is majorly attributed to the next ” 

• IFC is put in on greater than 80% of all plane originating from North America, and the highest six largest linked fleets are all based mostly on this area, making it essentially the most engaging market, globally.
• The presence of main IFEC distributors, comparable to Panasonic, Viasat, Astronics, and Gogo, signifies the area’s big dominance and ongoing wholesome development alternatives.

Asia-Pacific is more likely to develop on the quickest fee within the coming 5 years, pushed by rising penetration of IFEC programs in rising economies, comparable to India; rising acceptance of IFE in China and different growing nations; and anticipated market entry of latest plane packages comparable to C919.

In-Flight Entertainment & Connectivity Market Drivers

Some of the important thing drivers listed within the report are given beneath.

• An increase within the variety of annual installations of IFEC programs paired up with glorious development in air passenger site visitors.
• The anticipated ramp-up in manufacturing charges of key plane packages paired with rising penetration of IFE within the world plane fleet.

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Top 5 Companies within the In-Flight Entertainment & Connectivity Market?

The market is pretty consolidated with the presence of some world and regional gamers. Stratview Research has recognized the next corporations as the highest market gamers.

• Panasonic Avionics Corporation
• Gogo Inc.
• Intelsat S.A.
• Thales Group
• Viasat, Inc.

What Deliverables Will You Get on this Report?

 Related experiences which is likely to be helpful:

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