Chicago, Aug. 23, 2023 (GLOBE NEWSWIRE) -- The In-flight Entertainment and Connectivity Market by Product (IFE Hardware, IFE Connectivity, IFE Content), Class, Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets), End User and Region", The in-flight entertainment & connectivity market includes major players Thales Group (France), Viasat, Inc. (US), Astronics Corporation (US), Iridium Communications Inc. (US), Gogo LLC (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Rest of the World. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect aircraft wire and cable production and services by 7–10% globally in 2020.
The North American market is projected to contribute the largest share
In-flight entertainment & connectivity market in North America is projected to hold the highest market share during the forecast period.
North America accounted for the largest share of 50.0% of the in-flight entertainment & connectivity market and is expected to grow at a CAGR of 5.7% during the forecast period. The presence of major in-flight entertainment & connectivity manufacturers like Viasat, Inc., Astronics Corporation ridium Communications Inc. and Gogo LLC is one of the major reasons for the growth.
In-flight Entertainment & Connectivity Market Segment Overview
Increasing product launches of IFE hardware is expected to fuel the growth of the in-flight entertainment & connectivity market.
The IFE hardware segment is estimated to lead the market during the forecast period, with a share of 60% in 2021.
IFE hardware enables airline operators to upload, store, and transfer entertainment content on the in-flight entertainment systems. Increasing product launches by companies such as Thales Group drive the growth of the segment. These products offer features such as open operating system and 4K HDR displays.
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In-flight Entertainment & Connectivity Market Scope
| Report Metric | Details |
| Estimated Market Size | USD 4.7 billion |
| Projected Market Size | USD 6.1 billion in 2026 |
| Growth Rate | 5.2% |
| Market size available for years | 2017–2026 |
| Base year considered | 2020 |
| Forecast period | 2021-2026 |
Key Market Players in In-flight Entertainment & Connectivity Market
- Thales Group (France),
- Viasat, Inc. (US),
- Astronics Corporation (US),
- Iridium Communications Inc. (US),
- Gogo LLC (US).
“Browse in-depth TOC on " In-flight Entertainment & Connectivity Market Trends, Market Value, Market Forecast, Market Growth"
185 – Tables
46 – Figures
206 – Pages
The first class segment is projected to witness the highest CAGR during the forecast period.
Based on class, the first class segment is projected to be the highest CAGR rate for the in-flight entertainment & connectivity market during the forecast period.
The demand for in-flight comfort and premium services laid the foundation for first class segment. It is the most premium of all the segments. The services start even before the actual flight with transfer from hotels, private check in, premium lounge access. In-flight, the first-class seats are more comfortable and spacious with high quality.
The narrow body aircraft segment is projected to witness the highest CAGR during the forecast period.
Based on the aircraft type, the narrow body aircraft segment is projected to grow at the highest CAGR rate for the in-flight entertainment & connectivity market during the forecast period.
In countries such as India, Japan, Australia, China, the US, and Russia, the demand for domestic air travel has been increasing over the years. According to IATA, in 2019, international air passenger traffic increased 4.1% compared to 2018. Due to the increase in air travel, the demand for narrow body aircraft is expected to grow across the world.
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The OEM segment is projected to witness the highest CAGR during the forecast period
Based on end user, the OEM segment is projected to grow at the highest CAGR rate for the in-flight entertainment & connectivity market during the forecast period.
The new airlines focus on pre-installed in-flight system provided by manufacturers. The increase demand of Low-cost carrier can also be seen the southeast Asian region. With the increase in number of passengers aided by the increase in number of aircrafts around the world. The demand of in-flight entertainment has also picked up pace.
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