According to the new market research report "In-flight Entertainment & Connectivity (IFEC) Market by End User (OEM, Aftermarket), Aircraft Type (NBA, WBA, VLA, Business Jets), Product (IFE Hardware, Ife Connectivity, IFE Content), and Region - Global Forecast to 2023", The In-flight Entertainment & Connectivity Market is estimated to be USD 5.03 billion in 2018 andis projected to reach USD 7.65 billion by 2023, at a CAGR of 8.72% from 2018 to 2023. The need to enhance the passenger experience, technological developments, and an increase in aircraft deliveries are factors expected to drive the in-flight entertainment & connectivity market.

Browse 145 market data Tables and 46 Figures spread through 183 Pages and in-depth TOC on "In-flight Entertainment & Connectivity (IFEC) Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/PressReleases/in-flight-entertainment-communications.asp

The OEM segment of the in-flight entertainment & connectivity market is expected to grow at a higher CAGR during the forecast period

The OEM segment is expected to grow at a higher CAGR during the forecast period, as compared to the aftermarket segment of the in-flight entertainment & connectivity market. OEM refers to the installation of equipment during the manufacturing of a new aircraft. Leading airlines are focused on the installation of new IFEC systems. The installation of in-flight entertainment & connectivity systems primarily depends on the number of aircraft manufactured in a year. Commercial aircraft manufacturers such as Airbus and Boeing are currently focused on the installation of advanced in-flight entertainment systems, which are currently in the production phase.

The Narrow-body Aircraft (NBA) segment of the in-flight entertainment & connectivity market is expected to grow at the highest CAGR during the forecast period

Based on aircraft type, the narrow-body aircraft segment of the in-flight entertainment & connectivity market is projected to grow at the highest CAGR during the forecast period. The growth of the narrow-body aircraft segment can be attributed to an increase in narrow-body aircraft deliveries worldwide. Airlines are presently replacing the older fleet of narrow-body aircraft with the introduction of latest aircraft, such as the A320neo and the 737 Max. They are also focused on the procurement of the next-generation narrow-body aircraft to improve profitability.

The in-flight entertainment (IFE) content segment of in-flight entertainment & connectivity market expected to grow at the highest CAGR during the forecast period

Based on product, the in-flight entertainment (IFE) content segment of the in-flight entertainment & connectivity market is projected to grow at the highest CAGR from 2018 to 2023. The growth of this segment can be attributed to the increasing use of onboard WI-FI service by passengers for web browsing, content streaming, SMS, e-mail, destination information, concierge services, and other airline information during air travel.

The in-flight entertainment & connectivity market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

The in-flight entertainment & connectivity market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, owing to the increasing aircraft deliveries and rising passenger traffic in this region. China is expected to be the major in-flight entertainment & connectivity market in the region, owing to the reforms in their regulations and policies, innovative business models, and the development of aircraft with new technologies.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=860

Key Market Players

Key players in the in-flight entertainment & connectivity market include Panasonic Avionics (US), Thales Group (France), Rockwell Collins, Inc. (US), Gogo LLC (US), Honeywell International, Inc. (US), and Zodiac Aerospace (France).

Don’t miss out on business opportunities in In-flight Entertainment & Connectivity (IFEC) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]