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 industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:
Market Size in 2028: US$ 3.2 billion
Growth (CAGR): 10.2% during 2023-2028
Leading Product Type: Seatback IFE
Leading W-IFE Connectivity Type: Non-Internet-Enabled W-IFE
Leading Aircraft Type: Narrow-Body Aircraft
Leading Hardware Type: IFE Systems
Leading Connection Type: Wired
Leading Fitment Type: Retrofit
Leading Region: North America
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 - "Seatback IFE is expected to maintain its dominance, whereas portable IFE is likely to be the fastest-growing product type in the market."
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.
The majority of seatback IFE systems are connected through wires, providing a convenient way for the seatback screens to remain connected with minimal visible wiring and installations. However, portable IFE is a new trend in the IFE market that provides wireless connectivity throughout the aircraft cabin by eliminating the need for complex wiring and lowering installation costs.

Based on connection type - "Wireless IFE connection (W-IFE) is expected to become the fastest-growing segment of the market."
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 - "Narrow-body aircraft are anticipated to retain their dominant market share."
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.
Increasing demand for narrow-body aircraft installed with IFE systems for long-haul flights, as well as the expected introduction of COMAC 919, and A321XLR programs, are also likely to fuel good growth opportunities in the narrow-body aircraft segment over the next five years.

Based on W-IFE connectivity type - "Internet-enabled W-IFE is expected to maintain its market dominance in the years to come."
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.
Airlines' perception of unconnected offerings has shifted to a more cost-effective approach, with a focus on passenger engagement and a better in-flight experience to reclaim passengers following the COVID crisis.

Based on fitment type - "Retrofit is expected to command the market, whereas line-fit is likely to grow at a faster rate."
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.
As a result, airlines always can modify and retrofit their fleet with IFE as needed. Thus, retrofitting has amassed a sizable market share of the IFE market. However, this is expected to change gradually by the end of this decade, as line-fit is expected to account for nearly half of the total global annual installations by 2030.

Based on hardware type - "The display unit is expected to remain dominant, whereas IFE systems are likely to be the fastest-growing hardware type in the market."
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.
Display units are required to enjoy visual content provided by airlines such as movies, and video games, and premium content, such as Netflix and live matches. Airlines commonly offer seatback display screens to provide individual luxury to passengers to access content according to their tastes and preferences.

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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 5 Companies in the In-flight Entertainment Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).
• 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 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

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