Inflight Entertainment And Connectivity Market: By Product (IFE Hardware, IFE Connectivity, IFE Content), Aircraft Type (Commercial Aviation, Business Jets), By Class (Economy, First Class, Business Class), By End User (OEM, Aftermarket ) and Geography

 

Inflight Entertainment and Connectivity Market size is valued at USD 5,261.3 million in 2021 and grow at a significant CAGR of 8.3% during the forecast period 2023 to 2029.  Some of the key factors propelling the market growth are increasing number of airline passengers, launch of new new-generation satellites & air-to-ground networks and growing demand for digital advertising and availability of free Wi-Fi services. However, factors such as huge installation cost required for connectivity hardware and data privacy and security issues are hampering the market growth. The onboard internet service supplied by airlines to business and commercial aircraft passengers is known as in-flight entertainment and connectivity market. For internet surfing, playing games, watching movies, and serials, this service can be accessed via personal electronic devices (PEDs) such as smart phones and laptops. It appears that IFEC systems work without the use of visible cables. The wire begins in the top panel, near to the oxygen masks and air conditioning controls, and is tucked away in the aeroplane walls. The power units, which are arranged in a few rows along the aircraft's sides, are then connected to these lines. The global market provides a detailed overview of the Inflight Entertainment and Connectivity market and that can be segmented by product, aircraft type, by class, and end-user. By product, the inflight entertainment and connectivity market has been segmented into IFE Hardware, IFE Connectivity, and IFE Content. The IFE Hardware segment is likely to be the largest and fastest-growing segment in terms of type. Based on aircraft type the inflight entertainment and connectivity market is segmented into Commercial Aviation, Business Jets.  Among these, the commercial aviation segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on class, the market is segmented into Economy, First Class, and Business Class. The economy segment accounts for the largest share in 2022. Based on the end-user, the segment has been segregated into OEM and Aftermarket. The OEM segment is expected to dominate other segments in the market over the forecast period according to precision business insights.

Inflight Entertainment And Connectivity Market Key Development:

In June 2021, Thales launched AVANT UP, an in-flight entertainment system that offers features such as 4K HDR displays, in-seat power, and an open operating system. The launch of the product enabled the company to strengthen its position in the global IFEC market