The global In-FlightEntertainment And Connectivity (IFEC) market size is expected
to reach USD 9.82 billion by 2024, according to a new report by Grand View
Research, Inc. The emergence of BYOD and development of novel wireless
solutions are expected to boost market growth. The increasing commercial
aviation & fleet expansion have further bolstered industry growth. Growing
availability of HD content across dynamic platforms are expected to increase
IFEC systems’ demand.
These
systems can be categorized on the basis of product into hardware, connectivity,
and content. Hardware is divided into portable and fixed while content is
classified as streamed and stored. The portable hardware segment is expected to
grow at a remarkable pace owing to the enhanced customer experience the devices
offer.
Recent
administrative regulations pertaining to the IFEC integration into aircraft in
countries such as the U.S. are further expected to throttle industry growth.
These regulations restrict the in-flight entertainment & connectivity
integration to a certain degree to offer safe travel to passengers by
minimizing the possibility of mishaps associated with the cabling and weight of
these systems.
However, the
IFEC system associated costs of content services and procurement costs are
expected to pose challenges for the industry. The recent BYOD trend across
industries, along with the advent of wireless portable electronic devices
across dynamic sectors, is expected to impel the global IFEC market growth.
Browse full report by
Grand View Research : http://www.grandviewresearch.com/industry-analysis/in-flight-entertainment-connectivity-ifec-market
Further key findings from the report suggest:
·
Opportunities are presented by the market
owing to the launch of innovations such as high throughput satellites in the Ka
band and Ku band. This innovation is expected to increase the data speeds for
connectivity and make the service provision cost efficient. With pressure
rising in the airline sector as the major players are adopting cabin
connectivity, other players need to adopt it to stay competitive.
·
The number of narrow body application
planes in North America and Asia Pacific is multiplying with intense
competition in the airlines industry, as a result of which the demand for these
systems is to be significant in this segment. The U.S. and Canada are attractive
markets on account of high flight connectivity and development in the
technology followed by Europe.
·
The Asia Pacific in-flight entertainment
and connectivity industry is expected to grow at a CAGR of close to 20% from
2016 to 2024. As the industry is dynamic, upgrades of the existing
infrastructure incur high operational costs, installation time, and
certification requirements. For embedded systems, it is thus necessary to
ensure high returns on investment made in the infrastructure. The Bring Your
Own Devices (BYOD) segment imposes logistical requirements and the need for
updating & maintaining consistency across the fleet increases technological
complexity.
·
Key industry participants include Cobham
Plc., Global Eagle Entertainment Inc., Lufthansa Systems AG, Iridium
Communications Inc., Thales Group S.A., OnAir, Viasat Inc., Gogo LLC, Panasonic
Avionics Corporation, and Zodiac Aerospace S.A. The hardware suppliers are
anticipated to dominate the content delivery industry to offer exclusive content,
along with creating new revenue streams for airlines. In addition, they
concentrate on evolving data storage competencies or collaborating with data
centers to increase data volumes.
Browse more reports of this category by
Grand View Research: https://www.grandviewresearch.com/industry/digital-media
Grand View Research has segmented the
global In-Flight Entertainment And Connectivity (IFEC) market on the basis of
product, aircraft type, and region:
In-Flight
Entertainment & Connectivity Product Outlook (Revenue, USD Billion, 2014 -
2024)
·
Hardware
·
Connectivity
·
Content
In-Flight
Entertainment & Connectivity Aircraft Type Outlook (Revenue, USD Billion,
2014 - 2024)
·
Narrow Body Aircraft (NBA)
·
Wide Body Aircraft (WBA)
·
Very Large Aircraft (VLA)
In-Flight
Entertainment & Connectivity Regional Outlook (Revenue, USD Billion, 2014 -
2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
·
MEA
View Press Release of this research report by Grand View
Research: https://www.grandviewresearch.com/press-release/global-ifec-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
