Press release
In-Flight Entertainment & Connectivity Market is Forecasted to Reach US$ 8.2 Billion in 2034, Says Stratview Research
The global in-flight entertainment & connectivity market is projected to witness a growth rate of 4.0% annually from 2024 to 2034 with an anticipated size of US$ 8.2 billion by 2034, 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://stratviewresearch.com/Request-Sample/782/inflight-entertainment-&-connectivity-market.html#form
Report Highlights:
Market Size in 2034: US$ 8.2 billion
Growth (CAGR): 4.0% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
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, product type, end-user type, sales channel 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 are expected to experience the fastest growth in the coming years, fueled by the increasing adoption and integration of in-flight entertainment and connectivity (IFEC) systems. Wide-body aircraft are anticipated to be the fastest-growing segment in the market over the forecast period, driven primarily by the rising number of non-stop long-haul flights globally. This growth is further supported by the increasing adoption of in-flight entertainment and connectivity (IFEC) systems, which are becoming a cost-effective alternative to new OEM components. As airlines prioritize enhancing passenger experience on longer routes, the demand for wide-body aircraft equipped with advanced IFEC systems is expected to grow significantly in the coming year.
Based on product type - The market is segmented into hardware, connectivity, and content. Connectivity is expected to lead the in-flight entertainment and connectivity (IFEC) market in the forecast year and is anticipated to grow at the fastest rate throughout the forecast period. The aviation industry's recovery has accelerated the adoption of connectivity solutions as airlines compete to attract passengers with enhanced in-flight experiences. The increasing number of long-haul and ultra-long-haul flights has created a greater need for connectivity solutions to keep passengers engaged and satisfied during extended travel periods. The growing preference for Bring Your Own Device (BYOD) setups allows passengers to use their devices for accessing in-flight entertainment and internet services. This has made connectivity a more integral part of the travel experience.
Based on end-user type - The market is bifurcated into OE and aftermarket. (OE) Original Equipment is expected to remain the dominant segment in the market over the next decade, both in terms of demand and growth rate. As airlines continue to prioritize the installation of advanced systems on new aircraft, OE components will play a crucial role in meeting passenger expectations and driving the industry's expansion.
To know the most attractive segments, click here:
https://stratviewresearch.com/782/inflight-entertainment-&-connectivity-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America holds the largest share of the market, while Asia-Pacific is expected to be the fastest-growing region through 2034. This growth outlook is majorly attributed to the following-
• North America is set to retain its position as the largest market for in-flight entertainment and connectivity (IFEC) throughout the forecast period. More than 80% of aircraft departing from this region are expected to be equipped with in-flight connectivity (IFC), and it is home to the six largest connected fleets globally. This substantial market share positions North America as an attractive hub for IFEC technologies. The strong presence of key IFEC vendors, such as Panasonic, Viasat, Astronics, and Gogo, highlights the region's critical role in shaping the industry's future growth and development.
• Asia-Pacific is expected to experience the fastest growth in the IFEC market over the next ten years. This growth will be driven by several key factors, including the rising adoption of IFEC systems in emerging economies like India, where air travel demand is surging.
In-Flight Entertainment & Connectivity Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising air travel demand, particularly in Asia-Pacific
• Advancements in wireless connectivity, which allow airlines to reduce hardware costs while offering seamless entertainment and connectivity options.
• Innovations such as BYOD (Bring Your Device) solutions and lightweight systems are also boosting adoption.
Top Companies in the In-Flight Entertainment & Connectivity Market:
Stratview Research has identified the following companies as the top market players.
• 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 Entertainment Market: https://stratviewresearch.com/3063/in-flight-entertainment-market.html
• In-Flight Connectivity Market: https://stratviewresearch.com/3065/in-flight-connectivity-market.html
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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.
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