CHICAGO, June 27, 2024 /PRNewswire/ --
The In-flight Entertainment and Connectivity market is
estimated to be USD 8.6 billion in
2024 and is projected to reach USD 11.7
billion by 2029, at a CAGR of 6.3% from 2024 to 2029
according to a new report by MarketsandMarkets™. Rising
passenger demands for top-tier entertainment and dependable
connectivity during flights are pushing airlines to enhance their
investment in IFEC systems. Travelers now look for uninterrupted
internet access, diverse entertainment selections, and content
tailored to their preferences.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=860
Browse in-depth TOC on "In-flight Entertainment &
Connectivity Market" 300 – Tables
60 – Figures
280 – Pages
In-flight Entertainment & Connectivity Market
Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 8.6 billion
|
Estimated Value by
2029
|
$ 11.7 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.3%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Offering, Class,
Platform, End Use and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Passenger preference
for traditional interaction
|
Key Market
Opportunities
|
Technological
advancements in hardware infrastructure
|
Key Market
Drivers
|
Surge in passenger
volume
|
By offering, the entertainment segment is projected to grow at the
highest CAGR during the forecast period.
By offering, the entertainment segment is projected to grow at
the highest CAGR during the forecast period. In a competitive
airline industry, exceptional in-flight entertainment is a key
differentiator; airlines that offer a wide range of advanced
entertainment options are more likely to attract and retain more
passengers. This allows airliners to hold a competitive advantage
over other airliners. Partnering with top content providers can
provide exclusive, high-quality entertainment, ensuring passengers
access a steady stream of new and engaging content throughout their
flights.
By End Use, the OEM segment is projected to hold the highest
market share during the forecast period.
By End Use, the OEM segment is projected to hold the highest
market share during the forecast period. Integrating IFEC systems
during aircraft manufacturing is typically more economical than
retrofitting older planes, as OEMs benefit from economies of scale,
lowering installation costs and ensuring consistent quality. OEMs
can provide highly tailored IFEC solutions that meet the specific
needs of different airlines. This customization is more effectively
achieved during the manufacturing phase, ensuring the systems align
with airlines' branding and service strategies.
By platform, Narrow-body aircraft is projected to grow at the
highest growth rate during the forecast period.
Narrow-body aircraft, often deployed on high-traffic routes, are
popular due to their ability to attract large numbers of passengers
who expect superior in-flight entertainment and reliable
connectivity; this demand for quality IFEC options fuels the growth
of the market in this segment. Moreover, airliners are modernizing
their fleets, replacing older models with newer, more efficient
narrow-body aircraft equipped with the latest IFEC technologies.
This trend toward fleet modernization is driven by the need to
enhance the passenger experience, improve operational efficiency,
and stay competitive. As these newer aircraft are better equipped
to meet the evolving demands of passengers, they play a significant
role in expanding the IFEC market. The combination of high
passenger volumes and a focus on updating fleets with advanced
technology positions narrow-body aircraft as a key growth area in
the IFEC industry.
Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=860
North America holds the
highest growth rate in the region for the In-flight Entertainment
and Connectivity industry.
North America, particularly the
US, has one of the highest air traffic volumes globally,
encompassing numerous domestic and international flights. This
results in a substantial demand for advanced IFEC systems due to
the large passenger numbers. The region hosts major airlines like
American Airlines. Delta Air Lines and United Airlines invest
heavily in enhancing passenger experiences. These airlines are
pioneers in adopting new IFEC technologies to attract and retain
customers. With passengers in North
America expecting top-tier in-flight services, including
diverse entertainment options and high-speed internet, airlines in
the region strive to meet these demands, thereby driving the growth
of sophisticated IFEC systems.
Major players operating in the In-flight entertainment and
connectivity companies includes Panasonic Avionics Corporation
(US), Thales (France), Anuvu (US),
Collins Aerospace (US), and Astronics Corporation (US) are key
players offering connectivity applicable to various sectors and
have well-equipped and strong distribution networks across
North America, Europe, Asia
Pacific, the Middle East,
and the Rest of the World.
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=860
Browse Adjacent Market: Aerospace and Defence
Market Research Reports & Consulting
Related Reports:
Aircraft Seating Market by Seat Type (Passenger Seat,
Pilot, & Crew Seat), Platform (Narrow Body, Wide Body Aircraft,
Business Jet, Commercial Helicopter, Light Aircraft, UAM),
End-User, Seat Material, Standard and Region - Global Forecast to
2029
Aircraft Cabin Interiors Market by Type (Aircraft Seating,
IFEC, Aircraft Cabin Lighting, Aircraft Galley, Aircraft Lavatory,
Aircraft Windows & Windshields, Aircraft Interior Panels), End
User, Aircraft Type, Material, Region - Global Forecast to 2027
Avionics Market by Systems (Navigation, Payload &
Mission Management, Traffic and Collison Management, Communication,
Weather Detection, Flight Management, Electronic Flight Display),
Platform, Fit, and Region - Global Forecast to 2030
Business Jet Market by Business Jet Aircraft Type (Light
Business Jet, Mid-Sized Business Jet, Large Business Jet,
Airliner), End-Use (Private Jets User, Operator), Systems, Point of
Sale, Services, Range and Region - Global Forecast to 2030
Aircraft Switches Market by End-User (OEM, Aftermarket),
Application (Cockpit, Cabin, Engine & APU, Aircraft Systems,
Avionics), Type (Manual, Automatic), Platform (Fixed Wing, Rotary
Wing), and Region (2019-2025)
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us
on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight:
https://www.marketsandmarkets.com/ResearchInsight/in-flight-entertainment-communications-market.asp
Content Source:
https://www.marketsandmarkets.com/PressReleases/in-flight-entertainment-communications.asp
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/in-flight-entertainment--connectivity-market-worth-11-7-billion-by-2029---exclusive-report-by-marketsandmarkets-302184860.html