Inflight Entertainment and Connectivity Market

Inflight Entertainment and Connectivity Market Size & Growth (2022 - 2027):

Inflight Entertainment and Connectivity market is expected to have a compound annual growth rate (CAGR) of 6.7% during the forecast period of 2022 - 2027 values at 5.03 billion US dollars in the year 2021 which is expected to increase the growth by 7.65 billion US dollars by the end of 2026. The Inflight Entertainment and Connectivity market value is expected to increase more during the forecast period.

Inflight Entertainment and Connectivity Market Driving Factors:

Increasing aircraft orders, rising demand for narrow-body aircraft and wide-body aircraft across the globe are some of the driving factors for the growth of the Inflight Entertainment and Connectivity market.

The increasing need to enhance the passenger experience, an increasing number of aircraft deliveries are some of the driving factors which help the growth of the Inflight Entertainment and Connectivity market across the globe.

The growing adoption of advanced SATCOM technology and increasing demand for technologically advanced 5G technology is greatly enhancing the demand of the Inflight Entertainment and Connectivity market.

Increasing investments by the major key companies for R & D activities is promoting the growth rate of the Inflight Entertainment and Connectivity market revenue rate during the forecast period.

Inflight Entertainment and Connectivity Market Challenges:

The reduced number of flights amid COVID 19 is one of the major restraints affecting the growth of the market of Inflight Entertainment and Connectivity revenue rate.

Stringent regulations from the government regulations are impeding the growth of the market of Inflight Entertainment and Connectivity.

Regulatory framework and certification and increase in overall weight of aircraft are slowly degrading the demand of Inflight Entertainment and Connectivity market.

Recent Market Developments:

In the month of July 2018, ViaSat Inc has received a contract from the EL AL Israel airlines to provide the airline with commercial in-flight WI FI service.  

In the month of May 2018, Global Eagle entertainment has introduced an additional entertainment product named iHeartRadio on the southwest airlines fleet to enhance the passenger experience

In the month of April 2018, Panasonic avionics corporation has launched a new airline onboard loyalty platform named NEXT loyalty with Singapore Airlines as the launch customer

REPORT COVERAGE:

Market Segmentation:

The Inflight Entertainment and Connectivity market is segmented on the basis of aircraft type, on the basis of end-user, on the basis of product type, on the basis of class, and on the basis of geography.

Inflight Entertainment and Connectivity Market On the basis of aircraft type: The Inflight Entertainment and Connectivity market is segmented into very large aircraft's narrow-body aircraft, wide-body aircraft, and business jets. Among these segments, the narrow-body aircraft segment holds the major share of the market owing to the increase in narrow-body aircraft deliveries worldwide and also the airlines are presently replacing the older fleet of narrow-body aircraft with the introduction of the latest aircraft such as the A320neo and 737 max. This segment is expected to hold dominance during the forecast period.

Inflight Entertainment and Connectivity Market On the basis of end-user: The market of Inflight Entertainment and Connectivity is bifurcated into two types namely OEM and aftermarket. Among these segments, the OEM segment holds the major share of the market with the rising of aircraft deliveries across the world.

Inflight Entertainment and Connectivity Market On the basis of product type: The market of Inflight Entertainment and Connectivity is bifurcated into IFE hardware, IFE connectivity, and IFE content. Among these segments, the IFE content segment holds the major share of the market since most of the airline operators are working on improving the connectivity to provide the passengers with internet access onboard.

Inflight Entertainment and Connectivity Market On the basis of class: The market of Inflight Entertainment and Connectivity is bifurcated into first class, business class, premium economy, and economy.

Regional Analysis:

The Inflight Entertainment and Connectivity market is elaborated in various regions all around the world such as North America (Mexico, Canada, US and rest of North America), Asia Pacific region (Japan, India, China, Australia, and Rest of Asia Pacific), Europe region (France, Germany, UK, Spain, Italy and Rest of Europe).

Asia Pacific region holds the major share of the Inflight Entertainment and Connectivity market owing to the increase of aircraft deliveries and rising of passenger traffic. Furthermore, reforms in their regulations and policies, innovative business models, and the development of aircraft with new technologies are also some of the growth-supporting factors of the InFlight entertainment and connectivity market.

North America region holds the second-largest share of the Inflight Entertainment and Connectivity market owing to the factors such as growing adoption of advanced SATCOM technology and increasing demand for technologically advanced 5G technology. Furthermore, increasing investments by the major key companies for R & D activities is also one of the major driving factors which propel the growth of the market revenue rate during the forecast period.

Europe region is expected to increase the market of Inflight Entertainment and Connectivity during the forecast period followed by the North America region and the Asia Pacific region.

Key Market Players:

Some of the key market players of Inflight Entertainment and Connectivity market are Astronics Corporation (The U.S.), Gogo LLC (The U.S.), Honeywell International Inc (The U.S.), Lufthansa Systems GmbH & Co. KG (Germany), Burrana Pty Ltd (Australia), Collins Aerospace (The U.S.), FDS Avionics Corp. (The U.S.), Global Eagle Entertainment, Inc. (The U.S.), Panasonic Avionics Corporation (The U.S.), Safran (France), Sitaonair (Switzerland), SmartSky Networks, LLC (The U.S.), Thales Group (France), Viasat, Inc. (The U.S.).