In-flight Entertainment Market is Forecasted to Reach US$ 3.2 billion in 2028, Says Stratview Research

The global in-flight entertainment market is projected to witness a growth rate of 10.2% annually from 2023 to 2028, with an anticipated size of US$ 3.2 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 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/3063/in-flight-entertainment-market.html#form

Report Highlights:
Market Size in 2028: US$ 3.2 billion
Growth (CAGR): 10.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the In-flight Entertainment Market:

The global in-flight entertainment market is segmented based on product type, connection type, aircraft type, W-IFE connectivity type, fitment type, hardware type, and region.

Based on product type - The market is bifurcated into seatback IFE, overhead IFE, fixed IFE, and portable IFE. Seatback IFE is expected to maintain its dominance, whereas portable IFE is likely to be the fastest-growing product type in the market during the forecast period.

Based on connection type - The market is classified as wired and wireless. Wireless IFE connection (W-IFE) is expected to become the fastest-growing segment of the market during the forecast period. Despite a drop of 19+% in the total installation of W-IFE in 2020, compared to 2019, the installation of IFE systems has still managed to grow. Wireless connectivity is expected to take over the wired IFE market with almost 3/4th of the narrow-body fleet by 2030, globally.

Based on aircraft type - The in-flight entertainment market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jet. Narrow-body aircraft is expected to maintain its largest share in the market during the forecast period, owing to the increasing penetration of seatback IFE in narrow-body aircraft and an expected healthy recovery of the segment.

Based on W-IFE connectivity type - The market is segmented into internet-enabled and non-internet-enabled. Internet-enabled W-IFE is expected to maintain its market dominance in the years to come. The connectivity type is also anticipated to experience faster growth during the forecast period, owing to passengers' increasing need/demand for in-flight Wi-Fi connectivity for their engagement during flight.

Based on fitment type - The market is segmented into retrofit and line fit. Retrofit is expected to command the market, whereas line-fit is likely to grow at a faster rate during the forecast period. IFE is strongly influenced by the airline's offering, geographical area, cost, and passenger demand.

Based on hardware type - The market is segmented into IFE systems (pre-fed boxes, etc.), display units, servers, and wireless access points (WAPs). The display unit is expected to remain dominant, whereas IFE systems are likely to be the fastest-growing hardware type in the market during the forecast period.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3063/in-flight-entertainment-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is to remain dominant, with Asia-Pacific poised for the fastest growth in the in-flight entertainment market over the next five years. This growth outlook is majorly attributed to the following-

• North America is a highly connected region (with 50+% penetration) in 2022 and is expected to remain dominant by the end of the decade. The region has the presence of the IFE giant, Panasonic Avionics Corporation, which is the sole company to supply IFE systems to all of the top airlines around the globe with a total of 15,000+ commercial aircraft to date.
• Asia-Pacific is likely to witness the fastest growth in the coming five years, driven by an expected rise in air passenger traffic and RPK; increasing acceptance of IFE in China and other developing countries, and the introduction of new aircraft programs such as C919.

In-flight Entertainment Market Drivers:

Some of the key drivers listed in the report are given below.
The emergence of narrow-body aircraft, such as the A321XLR, and COMAC C919, as well as the increasing penetration of in-flight entertainment in narrow-body aircraft, owing to its increased usage in long-haul travel, are likely to promote a relatively early recovery of the market than the overall aerospace industry. For instance, United Airlines unveiled its plan to order about 200 long-haul narrow-body aircraft and also has plans to undergo a massive retrofit program for its older aircraft.

Top Companies in the In-flight Entertainment Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Astronics Corporation
• Collins Aerospace
• Panasonic Corporation
• Safran S.A.
• Thales Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the In-flight Entertainment 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 & Connectivity Market: https://www.stratviewresearch.com/782/inflight-entertainment-&-connectivity-market.html

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

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This release was published on openPR.