The global In-Flight Entertainment And Connectivity (IFEC) market size
is expected to reach USD 9.82 billion by 2024, according to a new report by
Grand View Research, Inc. The emergence of BYOD and development of novel
wireless solutions are expected to boost market growth. The increasing
commercial aviation & fleet expansion have further bolstered industry
growth. Growing availability of HD content across dynamic platforms are
expected to increase IFEC systems’ demand.
These systems can be
categorized on the basis of product into hardware, connectivity, and content.
Hardware is divided into portable and fixed while content is classified as
streamed and stored. The portable hardware segment is expected to grow at a
remarkable pace owing to the enhanced customer experience the devices offer.
Recent administrative
regulations pertaining to the IFEC integration into aircraft in countries such
as the U.S. are further expected to throttle industry growth. These regulations
restrict the in-flight entertainment & connectivity integration to a
certain degree to offer safe travel to passengers by minimizing the possibility
of mishaps associated with the cabling and weight of these systems.
However, the IFEC system
associated costs of content services and procurement costs are expected to pose
challenges for the industry. The recent BYOD trend across industries, along
with the advent of wireless portable electronic devices across dynamic sectors,
is expected to impel the global IFEC market growth.
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Further key findings
from the report suggest:
·
Opportunities are
presented by the market owing to the launch of innovations such as high
throughput satellites in the Ka band and Ku band. This innovation is expected
to increase the data speeds for connectivity and make the service provision
cost efficient. With pressure rising in the airline sector as the major players
are adopting cabin connectivity, other players need to adopt it to stay
competitive.
·
The number of
narrow body application planes in North America and Asia Pacific is multiplying
with intense competition in the airlines industry, as a result of which the
demand for these systems is to be significant in this segment. The U.S. and
Canada are attractive markets on account of high flight connectivity and
development in the technology followed by Europe.
·
The Asia Pacific
in-flight entertainment and connectivity industry is expected to grow at a CAGR
of close to 20% from 2016 to 2024. As the industry is dynamic, upgrades of the
existing infrastructure incur high operational costs, installation time, and
certification requirements. For embedded systems, it is thus necessary to
ensure high returns on investment made in the infrastructure. The Bring Your
Own Devices (BYOD) segment imposes logistical requirements and the need for
updating & maintaining consistency across the fleet increases technological
complexity.
·
Key industry
participants include Cobham Plc., Global Eagle Entertainment Inc., Lufthansa
Systems AG, Iridium Communications Inc., Thales Group S.A., OnAir, Viasat Inc.,
Gogo LLC, Panasonic Avionics Corporation, and Zodiac Aerospace S.A. The
hardware suppliers are anticipated to dominate the content delivery industry to
offer exclusive content, along with creating new revenue streams for airlines.
In addition, they concentrate on evolving data storage competencies or
collaborating with data centers to increase data volumes.
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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