Asia-Pacific IFEC Market Share, Trends, Size, Research and Forecast 2019-2025


Posted May 11, 2020 by globalomr

Asia-Pacific In-Flight Entertainment and Connectivity (IFEC) Market Size, Share & Trends Analysis Report by Type (In-Flight Entertainment and In-Flight Connectivity), By Class (First Class, Business Class, and Economy Class), and Forecast 2019-2025

 
Asia-Pacific IFEC market is estimated to grow significantly at a CAGR of 10.6% during the forecast period. The growth is mainly attributed to the growing aerospace industry in the region, which is primarily involved in the development of innovative infotainment and connectivity technologies in the region. Further, the increase in the aviation industry leads to an increase in the number of airports which in turn demands more infotainment and connectivity solutions in the aviation industry. According to the International Air Transport Association (IATA), China is expected to replace the US as the world’s largest aviation market in 2024. Whereas, India is projected to take over UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. Additionally, it is estimated that for air travel, approximately 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China. Whereas, 322 million new additional passengers will surplus to account a total of 442 million in India, which directly contributes to the Asia-Pacific IFEC market growth.

A full report of Asia-Pacific IFEC Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-in-flight-entertainment-connectivity-ifec-market

The market is segmented on the basis of type, and class. Based on type, the market is segregated into in-flight entertainment and in-flight connectivity. The in-flight entertainment segment is anticipated to hold considerable market share during the forecast period. The growth of the in-flight entertainment segment is attributed to the surge in demand for continuous entertainment, such as video streaming, by the passengers onboard. The in-flight connectivity segment is driven by the increasing use of smartphones and the rising trend of connectivity solutions in airlines among others. Based on class, the market is segmented into first class, business class, and economy class. These are classified on the basis of different characteristics that include the cost of travel, available amenities, and ambience. In terms of market share, the business class segment is anticipated to hold a considerable share in the in-flight entertainment and connectivity market.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/report-customization/asia-pacific-in-flight-entertainment-connectivity-ifec-market

The companies which are contributing to the growth of the Asia-Pacific IFEC market include Burrana, Envee Inflight Entertainment Co. Ltd, Honeywell International, Inc., Global Eagle Entertainment, Inc., Panasonic Aviation Corp., Rockwell Collins Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Asia-Pacific IFEC Market- Segmentation

by Type

• In-Flight Entertainment
• In-Flight Connectivity

by Class

• First Class
• Business Class
• Economy Class

Visit for Global In-Flight Entertainment and Connectivity (IFEC) Market Report at: https://www.omrglobal.com/industry-reports/in-flight-entertainment-connectivity-ifec-market

Asia-Pacific IFEC Market– Segment by Region

• China
• Japan
• India
• Rest of Asia-Pacific

Company Profiles

• Burrana
• Envee Inflight Entertainment Co. Ltd
• Honeywell International, Inc.
• Global Eagle Entertainment, Inc.
• Panasonic Aviation Corp.
• Rockwell Collins Inc.
• Safran S.A.
• Thales Group
• Viasat Inc.
• Gogo Inc.


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Categories Entertainment , Industry , Technology
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Last Updated May 11, 2020