North American IFEC market is estimated to grow significantly at a CAGR of 9.0% during the forecast period. The market in North America is primarily driven by the presence of a well-established airline industry. The presence of major players including Panasonic Avionics Corp. in the region is one of the major factors contributing to the regional growth of the market. Panasonic Avionics offers a comprehensive solution to meet every airline’s needs for seatback, wireless, line-fit and retrofit systems. In addition, the company has adopted an organic and inorganic growth strategy to retain its leading position in the market.
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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.
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The companies which are contributing to the growth of the North American IFEC market include Astronics Corp., Global Eagle Entertainment, Inc., Satcom Direct (SD), Inc., Gogo Inc., Honeywell International, Inc., Iridium Communications 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.
North American In-Flight Entertainment and Connectivity (IFEC) Market - Segmentation
• In-Flight Entertainment
• In-Flight Connectivity
• First Class
• Business Class
• Economy Class
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• Astronics Corp.
• Global Eagle Entertainment, Inc.
• Satcom Direct (SD), Inc.
• Gogo Inc.
• Honeywell International, Inc.
• Iridium Communications Inc.
• Panasonic Aviation Corp.
• Rockwell Collins Inc.
• SmartSky Networks, LLC
• Viasat Inc.
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