(Entertainment-NewsWire.com, August 11, 2018 ) This report provides an analysis of the In-flight Entertainment & Connectivity (IFEC) market from 2018 to 2023. It discusses industry and technological trends prevailing in the market and analyzes factors that drive or restrain the growth of the market in the coming years. The IFEC market is estimated to be USD 5.03 billion in 2018 and is projected to reach USD 7.65 billion by 2023, at a CAGR of 8.72% during the forecast period. The need to enhance the passenger experience, technological developments and increase in aircraft deliveries are factors expected to drive the market. The Asia Pacific region is expected to be the fastest-growing market during the forecast period, owing to an increase in aircraft deliveries and a rise in passenger traffic.
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Based on product, the IFEC market is segmented into IFE hardware, IFE connectivity, and IFE content. Content is expected to be the fastest-growing segment of the market during the forecast period. Most airline operators are working on improving connectivity to provide passengers with the Internet access onboard. Airlines are using technologies such as ATG or satellite, which include L-band, Ka-band, and Ku-band for better connectivity. These bands help airline operators provide passengers with services such as content streaming, e-mail, and others.
By aircraft type, the IFEC market is segmented into narrow-body aircraft, wide-body aircraft, very large aircraft, and business jets. The narrow-body aircraft segment is expected to lead the IFEC market 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.
Based on end user, the IFEC market is segmented into OEM and aftermarket. The OEM segment is expected to grow at a higher CAGR during the forecast period, as compared to the aftermarket segment. 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 IFEC 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.
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