In-Flight Entertainment & Connectivity Market Size to rise at 7.5% CAGR through 2028 | Key Players Honeywell International Inc., Panasonic Corporation, Thales Group, Collins Aerospace, BAE Systems plc

The business intelligence report titled 'Global In-Flight Entertainment & Connectivity (IFEC) Market' available with MarketStudyReport, claims that global in-flight entertainment & connectivity (IFEC) market is slated to register a compound annual growth rate of 7.5% during 2022-2028, and subsequently accrue a decent valuation by the end of the analysis timeline.

Burgeoning penetration of wireless entertainment solutions coupled with significant expansion in the aviation sector are the prominent factors propelling global in-flight entertainment & connectivity (IFEC) market development.

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For those unaware, IFEC systems play a vital role in providing customers with the latest onboard wireless connectivity solutions and services, thereby negating the need for traditional seatback screens that would only be able to run a few programs.

Furthermore, growing inclination toward luxury air travel that provides premium in-flight benefits is likely to improve the revenue margins of the marketplace in the coming years.

Considering offering type, the in-flight entertainment segment is estimated to progress at a considerable pace during the analysis timeframe, owing to the growing importance of the service in keeping travelers happy especially in case of long-haul flights.

The competitive landscape is majorly influenced by key players such as Astronics Corporation, Iridium Communications Inc., Stellar Entertainment Group, Burrana Pty Ltd., Eutelsat Communications S.A., Honeywell International Inc., Inmarsat Global Ltd., Anuvu Operations LLC, Gogo LLC, ViaSat, Inc., Panasonic Corporation, Thales Group, Lufthansa Systems GmbH & Co. KG, Collins Aerospace, and BAE Systems plc.

Based on flight type, the narrow-body aircraft segment is predicted to amass a sizable valuation during 2022-2028, ascribed to the increasing frequency of short-haul flights as well as the establishment of new travel routes & airports are responsible for segmental expansion. In addition, narrow-body aircraft boasts better fuel efficiency and ergonomics than their predecessors which is expected to improve the profitability graph of the market in the coming years.

From a regional frame of reference, North America in-flight entertainment & connectivity (IFEC) market is expected to progress at a robust pace over the assessment period, attributable to increasing penetration of these systems within regional airlines such as United Airlines, Inc. and Delta Air Lines, Inc. which are currently focusing toward providing a host of benefits, in addition to Wi-Fi services for their consumers.

Questions and Answers: -

Question 1. What are the major factors driving global in-flight entertainment & connectivity (IFEC) market trends?

Answer 1. Burgeoning penetration of wireless entertainment solutions coupled with significant expansion in the aviation industry are the major factors driving global in-flight entertainment & connectivity (IFEC) market trends.

Question 2. Why is North America a profitable avenue for global in-flight entertainment & connectivity (IFEC) market expansion?

Answer 2. Increasing penetration of these systems within regional airlines such as United Airlines, Inc. and Delta Air Lines, Inc. which are currently focusing on providing a host of benefits, in addition to Wi-Fi services for their consumers is a major factor making North America a profitable avenue for global in-flight entertainment & connectivity (IFEC) market expansion.

Question 3. Which are the major contenders influencing global in-flight entertainment & connectivity (IFEC) market trends?

Answer 3. Astronics Corporation, Iridium Communications Inc., Stellar Entertainment Group, Burrana Pty Ltd., Eutelsat Communications SA, Honeywell International Inc., Inmarsat Global Ltd., Anuvu Operations LLC, Gogo LLC, ViaSat, Inc., Panasonic Corporation, Thales Group, Lufthansa Systems GmbH & Co. KG, Collins Aerospace and BAE Systems plc are the major contenders influencing global in-flight entertainment & connectivity (IFEC) market trends.

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