In-Flight Entertainment & Connectivity Market Size Worth USD 9.92 Billion by 2026 | IFEC Market Growth Forecast till 2026; Fortune Business Insights™
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The in-flight entertainment & connectivity market report focuses on demonstrating a complete assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the market. It shares a complete overview of all the segments and parts of the in-flight entertainment & connectivity market analysis, while providing statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.
List of Major Companies Operating in the In-Flight Entertainment & Connectivity Market Include;
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Competitive Landscape
Acquisition of Collins by digEcor to Aid Market Expansion
digEcor, a passenger solutions service company announced the acquisition of Collins' commercial inflight entertainment (IFE) business, making it the third biggest IFE player in the market. The deal between the two companies will bolster healthy growth of the market during the forecast period. The Collins' PAVES family of seatback and overhead IFE systems, as well as PAVES On-demand, Total Entertainment System (TES), Enhanced Total Entertainment System (ETES) and content services, along with the combination of digEcor's GLIDE, Engage, power, PSS and lighting products will boost the in-flight entertainment & connectivity market revenue in the foreseeable future.
Moreover, CEO of digEcor, David Withers, said in a statement, "Collins deal will position us as "the number three player in the IFE market – and we are not stopping there. We will achieve our vision of taking the passenger experience to the next level by collectively bringing the right new technology to market and leveraging our engineering expertise and proven ability to rapidly develop and certify new products."
Market Restraint:
High Complexities of IFEC System to Restrict Market Growth
One of the biggest challenges faced by the OEMs to deliver in-flight entertainment & connectivity system at minimum weight, minimum volume, along with less maintenance cost. This factor will subsequently dampen the growth of the market in the forthcoming years. The IFEC systems. The IFEC systems include expensive hardware, which comprises of wires, displays, monitors, actuators, gaming consoles, and others. Likewise, the high cost of the aircraft hardware and product innovation will consequently restrict the growth of the market.
Regional Analysis:
Presence of Hefty Manufacturers to Encourage Growth in North America
The market in North America stood at USD 1.70 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the presence of major OEMs in the region. Europe is predicted to witness high demand for IFEC systems in the foreseeable future owing to the rising emphasis for the advancement of in-flight entertainment & connectivity by manufacturers. Asia Pacific is predicted to grow significantly during the forecast period due to the surge in commercial aircraft deliveries in developing countries such as India and China.
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