Last Updated on March 26, 2022 by Guest
The IFEC devices are generally portable and non-portable that provide a plethora of entertainment services for the passengers. In-flight entertainment & connectivity services enhance the experience of passengers during air travel. The services include live video streaming, access to internet services, and text messaging.
Increasing Adoption of Advanced SATCOM Technology
The global In-flight entertainment & connectivity industry is expected to showcase an exponential future by reaching USD 7.68 billion by 2027 while exhibiting a CAGR of 9.76% between 2020 and 2027. The future is attributed to the growing adoption of advanced SATCOM technology and the increasing demand for technologically advanced 5G technology that is likely to drive the manufacturers to develop innovative in-flight entertainment & connectivity solutions globally.
The growing demand for leisure traveling is propelling the manufacturers to install advanced SATCOM technology to improve passengers’ in-flight experience. This technology is capable of providing seamless connectivity at any given latitude. Owing to their high reliability to provide advanced in-flight entertainment & connectivity solutions, SATCOM antennas are extensively adopted by several airline operators. Additionally, the increasing demand for advanced technologies such as 5G to provide faster and non-stop entertainment solutions is likely to contribute to the global in-flight entertainment & connectivity industry size future during the forecast period.
This information in its latest research, titled, “In-Flight Entertainment & Connectivity Market Size, Share & Analysis, By Type (IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content), By Class (First Class, Business Class, Premium Class, and Economy Class), By End-User (OEM and after industry size), and Regional Forecast, 2020-2027.” The research further mentions that the industry size stood at USD 5.71 billion in 2019 and is projected to experience a substantial future in the forthcoming years.
Reduced Number of Flights amid COVID-19 to Restrain Industry size Future
Several countries have imposed a ban on air travel to contain the widespread effects of the novel coronavirus. This has led to a significant decline in revenues witnessed by major aircraft operators. The temporary suspension of the operation of flights is expected to restrain the future of the industry size to some extent.
The industry size research includes quantitative and qualitative analysis of several factors, such as the key drivers and restraints that will affect the industry’s future. The study provides insights into the regional analysis that covers different regions, contributing to the future of the industry size. It includes the competitive landscape that involves the leading companies. It further mentions their strategies, such as introducing new products, announcing partnerships, and collaborating that will contribute to the future of the industry size between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry size developments that will drive the industry’s future in the forthcoming years.
IFE Hardware Segment Held 54.00% Industry size Share in 2019
The IFE hardware segment, based on type, held an industry size share of about 54.00% in 2019 and is expected to showcase a significant future owing to the rising number of aircraft deliveries that propel the demand for advanced IFEC hardware components globally.
Presence of Established Companies in North America to Lead to Development of Infotainment Services
Among all the regions, North America stood at USD 2.70 billion in 2019 and is projected to hold the highest position in the global in-flight entertainment & connectivity industry size during the forecast period. This is attributable to established players such as Collins Aerospace, Gogo LLC, and Panasonic Avionics Corporation that are focusing on developing advanced in-flight entertainment & connectivity solutions in the region.
On the other hand, Europe is expected to hold the second position in the industry due to the increasing adoption of up-gradation of in-flight entertainment & connectivity services in the region between 2020 and 2027.
Prominent Companies Focus on Product Innovation to Amplify Their Industry size Positions
The global in-flight entertainment & connectivity industry size is consolidated by critical players focusing on developing innovative in-flight entertainment & connectivity products to maintain their stronghold. Additionally, the major companies’ adoption of strategies such as merger and acquisition, facility expansion, and partnership is expected to contribute to the industry size future.
Worldwide Industry size Development
July 2020 – Qingdao Airline’s A320 completed its flying journey equipped with a Ka-band Satcom-based IFEC system. The company researches that the high-speed IFEC systems are expected to provide the best-in-class service for passengers during flights.