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Global IFEC Market Huge Growth Opportunities and Trends to 2028 | Honeywell International Inc., ViaSat Inc. Thales S, and Inmarsat plc

06-14-2021 02:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

IFEC Market

IFEC Market

The Global IFEC Market is expected to register a significant CAGR during the forecast period. In the report, the global market outlook section majorly comprises fundamental dynamics of the target market which comprise major market drivers, restraints, opportunities and challenges faced by the market. Market drivers and restraints are intrinsic factors where opportunities and challenges are extrinsic factors of the global market. Global IFEC market expenditure has been on a key upturn over the current years urged by the return of the excessive power competition amongst the major global powers. Moreover, the focus has been on equipment modernization, capabilities revitalization, and augmented R&D outlays towards expansion of game changer and innovative technologies with the traditional and the revisionist powers looking for a potential overmatch.

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Scope of the Global IFEC Market

Quince Market Insights Research extensively offers valuable data with the help of several primary sources to validate the information and adopt it in full-fledged market research analysis. Furthermore, the market report comprises the complete qualitative and quantitative assessment of market components which interests the client. The “Global IFEC Market” is majorly segmented into sub-segments which can deliver a characterised data regarding modern trends in the global market.

The requirement for personalized entertainment has contributed to the growing demand for in-flight entertainment systems. In addition, numbers of airlines are implementing seat-centric and wireless solutions to improve the flying experience of travellers. In-flight entertainment plays a crucial role in offering entertainment and comfort to air passengers. Moreover, numerous airlines are challenging with one another to keep up with the constantly growing expectations of passengers. Legacy carriers remain to place orders for the newest IFE systems that are being designed to augment passenger experience, particularly during long-haul flights.

Segment Analysis of the Global IFEC Market

The global IFEC market is basically segmented into Component, aircraft type, offering type, and geographical regions.

Based on the components, the global in-flight entertainment and connectivity (IFEC) market has been sub-divided into connectivity, hardware, and content.

In terms of aircraft type, the global market is segregated into VLA (Very Large Aircraft), NBA (Narrow-Body Aircraft), and WBA (Wide-Body Aircraft).
In terms of offering type, the global IFEC market is fragmented into IFC (In-flight Connectivity) and IFE (In-flight Entertainment).

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Geographical Analysis of Global IFEC Market

The global IFEC market geographically segregated into North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, North American market dominated the market for in-flight entertainment and connectivity in 2019. In addition to this, higher saturation rate of such systems in the regional airlines, typically around the matured economies, is expected to support the regional IFEC market growth.

Recent Strategic Developments of Major Global IFEC Market Players

In July 2018, ViaSat Inc. signed an agreement from EL AL Israel Airlines to deliver the airline with commercial in-flight Wi-Fi service.
In May 2018, GGE (Global Eagle Entertainment) developed iHeartRADIO on to escalate traveller experience.
In April 2018, Panasonic Avionics Corporation developed its new airline onboard loyalty platform known as NEXT Loyalty, with Singapore Airlines as launch customer. The platform enables for personalized inflight experiences for passengers as well as enabling airlines to range their loyalty programs across their onboard services.
Competitive Landscape of the Global IFEC Market

The “Global IFEC Market” study report will provides a valued insight with the rising focus on global market comprising some of the major players such as: Panasonic Avionics (US), Rockwell Collins (US), Thales Group (France), Gogo LLC (US), Zodiac Aerospace (France), Honeywell International (US), and Global Eagle Entertainment (US), among others. New product launches and Contracts were key strategies used by the major players to achieve growth in the global IFEC market.

Market Segmentation:

By Component:
Hardware
Non-Portable
Portable
Connectivity
Wired
Wireless
Content
Stored
Streamed

By Aircraft Type:
Narrow-Body Aircraft (NBA)
Wide-Body Aircraft (WBA)
Very Large Aircraft (VLA)

By Offering Type:
In-Flight Entertainment (IFE)
In-Flight Connectivity (IFC)

By Region:

North America
By Country (US, Canada, Mexico)
By Component
By Aircraft Type
By Offering Type

Western Europe:
By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
By Component
By Aircraft Type
By Offering Type

Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Component
By Aircraft Type
By Offering Type

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Component
By Aircraft Type
By Offering Type

Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Component
By Aircraft Type
By Offering Type

Rest of the World
By Region (South America, Africa)
By Component
By Aircraft Type
By Offering Type

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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