In-Flight Entertainment and Connectivity Market Regional Share and Insights
In-Flight Entertainment and Connectivity Market Regional Share and Insights
Blog Article
The global in-flight entertainment and connectivity market was valued at USD 6.37 billion in 2022 and is expected to grow significantly, reaching USD 7.48 billion in 2023 and USD 21.03 billion by 2030, reflecting a robust CAGR of 15.9%. In 2022, North America led the market, holding a dominant share of 32.5%.
The in-flight entertainment & connectivity system heightens a traveler’s experience along and makes the passenger feel comfortable and safe. This technology allows the passenger to use mobile devices using in-flight Wi-Fi-facility. In recent times, airlines have initiated to provide this technology to passengers to lure in more customers. Fortune Business Insights presents this information in their report titled "Global In-Flight Entertainment and Connectivity Market, 2024–2030."
List of Key Players Profiled in the In-Flight Entertainment And Connectivity Market Report:
- Astronics Corporation (U.S.)
- Burrana Pty Ltd (Australia)
- Collins Aerospace (U.S.)
- FDS Avionics Corp. (U.S.)
- Global Eagle Entertainment, Inc. (U.S.)
- Gogo LLC (U.S.)
- Honeywell International Inc (U.S.)
- Lufthansa Systems GmbH & Co. KG (Germany)
- Panasonic Avionics Corporation (U.S.)
- Safran (France)
- Sitaonair (Switzerland)
- SmartSky Networks, LLC (U.S.)
- Thales Group (France)
- Viasat, Inc. (U.S.)
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
Segmentation:
The In-Flight Entertainment and Connectivity (IFEC) market is segmented based on type, connectivity, aircraft type, and region. By type, it includes hardware, software, and services, with hardware such as displays, servers, and satellite antennas forming a significant portion. The connectivity segment is categorized into satellite-based and air-to-ground connectivity, with satellite-based systems gaining traction due to their global coverage capabilities. Based on aircraft type, the market is divided into narrow-body, wide-body, and regional aircraft, with narrow-body aircraft leading due to the rise in short-haul travel. Regionally, North America dominates the market due to its robust aviation sector, while Asia-Pacific shows significant potential driven by increasing air passenger traffic and fleet expansion. This segmentation highlights the diverse applications and opportunities for growth in the IFEC market.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the in-flight entertainment and connectivity market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints: In-Flight Entertainment And Connectivity Market
High Maintenance of IFEC Equipment to Surge Growth
Bad handling of IFEC equipment in aircraft can cause damage to the hardware. This results in high maintenance and equipment replacement leading to high demand and increased revenue in the in-flight entertainment & connectivity system market share. Replacement of these electronic equipment costs high resulting in high revenue.
However, the trend of providing media entertainment services on passenger’s personal devices will likely hamper the in-flight entertainment & connectivity market growth.
Regional Insights
Constant Initiatives by the Government to Maintain Europe’s Dominance
North America dominates the in-flight entertainment and connectivity market due to the presence of strong players such as Gogo LLC, Panasonic Avionics Corporation, and Collins Aerospace, among others. The region was valued at USD 2.07 billion in 2022. To increase the demand for IFEC the U.S. registered 13,000 jet aircraft during 2019.
Europe holds the second-largest in-flight entertainment & connectivity market share. The growth is due to the increasing adoption of 5G technology in the aviation sector.
Competitive Landscape
Key Companies Focus on R&D to Develop New Products for Global Expansion
The in-flight entertainment and connectivity market is fragmented with major players such as Collins Aerospace, Viasat Inc., Gogo LLC, and Panasonic Avionics Corporation, among others. Growing investment in R&D, enhanced travel experience, and strategic acquisitions are a few factors accountable for the growth of the companies.
Key Industry Development:
- August 2021– West Entertainment (West) has extended its contract with All Nippon Airways (ANA) as an in-flight entertainment (IFE) Content Service Provider (CSP). As part of the partnership, now in its fourth year, West will work closely with ANA's programming team to present the IFE content portal that offers Hollywood, Western, International, and South Asian entertainment to passengers.