In-flight Entertainment & Connectivity Market is Forecasted to Reach US$ 7.9 billion in 2028, Says Stratview Research

The global in-flight entertainment & connectivity market is projected to witness a growth rate of 12% annually from 2023 to 2028, with an anticipated size of US$ 7.9 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global in-flight entertainment & connectivity market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/782/inflight-entertainment-&-connectivity-market.html#form

Report Highlights:
Market Size in 2028: US$ 7.9 billion
Growth (CAGR): 12% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the In-flight Entertainment & Connectivity Market:

The global in-flight entertainment & connectivity market is segmented based on aircraft type, end-user type, product type, and region.

Based on aircraft type - The IFEC market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Wide-body aircraft is expected to be the fastest-growing aircraft type in the market during the forecast period. The increasing number of non-stop long-haul flights worldwide is one of the key factors driving the segment's growth. With IFEC becoming a more acceptable low-cost alternative to new OEM components, the segment is expected to witness a significant increase in demand in the coming years.

Based on end-user type - The market is bifurcated into OE and aftermarket. OE is expected to remain dominant, whereas aftermarket is likely to be the faster-growing market type in the market during the forecast period, due to the presence of a large number of pre-installed in-flight entertainment systems by airlines.

Based on product type - The market is segmented into hardware, connectivity, and content. Hardware was the most dominating segment of the market in 2022. IFE hardware is the prime component in the IFEC market to experience visual entertainment content. In-flight connectivity is expected to be the fastest-growing segment of the market over the forecast period, with increasing penetration of wireless in-flight connectivity in aircraft fleets across the world coupled with high usage of Ku-band for commercial aircraft, whereas ATGs are used mostly in business jets as well as narrow-body aircraft.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/782/inflight-entertainment-&-connectivity-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for IFEC during the forecast period. This growth outlook is majorly attributed to the following-

• IFC installed on more than 80% of all aircraft originating from North America, and the top six largest connected fleets are all based in this region, making it the most attractive market, globally.
• The presence of major IFEC vendors, such as Panasonic, Viasat, Astronics, and Gogo, indicates the region's huge dominance and ongoing healthy growth opportunities.
• Asia-Pacific is likely to grow at the fastest rate in the coming five years, driven by increasing penetration of IFEC systems in emerging economies, such as India; increasing acceptance of IFE in China and other developing countries; and expected market entry of new aircraft programs such as C919.

In-flight Entertainment & Connectivity Market Drivers:

Some of the key drivers listed in the report are given below.
Due to a rise in the number of annual installations of IFEC systems paired up with excellent growth in air passenger traffic.

Top Companies in the In-flight Entertainment & Connectivity Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Panasonic Avionics Corporation
• Gogo Inc.
• Intelsat S.A.
• Thales Group
• Viasat, Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the In-flight Entertainment & Connectivity Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• In-Flight Connectivity Market: https://www.stratviewresearch.com/3065/in-flight-connectivity-market.html
• In-Flight Entertainment Market: https://www.stratviewresearch.com/3063/in-flight-entertainment-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.