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Enhancing passenger experience is one of the most significant factors driving the inflight entertainment IFE market
The inflight entertainment IFE market is projected to grow from an estimated USD 3.18 billion in 2016 to USD 6.91 million by 2022, at a CAGR of 13.80% during the forecast period. This growth is mainly attributed to factors such as the increase in demand for new aircraft and emergence of new technologies. However, the regulatory framework certification, and increase in the overall weight of aircraft is expected to restrain the growth of this market.
The narrow body segment is estimated to constitute the largest market share
By aircraft type, the narrow body segment of the inflight entertainment IFE market is estimated to have constituted the largest share in 2016. Increase in demand by regional airliners is one of the driving factors for narrow body aircraft segment, globally. According to Boeing Outlook 2016, the global fleet size of narrow body aircraft is 14,870. The AsiaPacific region and North America have the largest fleet of narrow body aircraft, with 4,540 and 4,010 aircraft respectively. By the end of 2035, the global fleet size of narrow body aircraft is expected to reach 32,280. The number of narrow body aircraft deliveries from 2016 to 2035 is expected to be 28,140, of which the AsiaPacific region is expected to account for almost 39.65% of the total expected deliveries by 2035.
The linefit segment is estimated to have accounted for the largest share of the inflight entertainment IFE market
Based on fit, the linefit segment is estimated to have accounted for the largest share in the inflight entertainment IFE market in 2016. Increasing aircraft deliveries is the driver for the linefit segment in the inflight entertainment IFE market.
North America is estimated to have accounted for the largest market share during the forecast period
Based on region, North America is estimated to have accounted for the largest share of the inflight entertainment IFE market in 2016. Some of the major aircraft manufacturers, such as Boeing U.S., Bombardier Canada, Lockheed Martin U.S., Bell Helicopter U.S., and Sikorsky Aircraft U.S., among others are based in this region, and they generate a huge demand for inflight entertainment IFE. North America is also projected to lead the inflight entertainment IFE market during the forecast period, in terms of market share.
Breakup of profile of primary participants in the inflight entertainment IFE market:
By Company Type Tier 1 30%, Tier 2 35%, and Tier 3 35%
By Designation C Level 32%, Director Level 38%, and Others 30%
By Region North America 27%, Europe 18%, AsiaPacific 46%, and RoW 9%
Major companies profiled in the report include Thales Group France, Rockwell Collins, Inc. U.S., Gogo LLC U.S., Honeywell International, Inc. U.S., Zodiac Aerospace France, and Global Eagle Entertainment U.S., among others.
This research report categorizes the inflight entertainment IFE market on the basis of aircraft type narrow body, wide body, very large body, and business jets, fit linefit, and retrofit, and product type IFE hardware, IFE connectivity communication, and IFE content. These segments and subsegments are further mapped across major regions, namely, North America, Europe, AsiaPacific, and rest of the world.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses industry analysis industry trends, market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and highgrowth segments of the inflight entertainment IFE market, highgrowth regions, and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on inflight entertainment IFEs offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the inflight entertainment IFE market
Market Development: Comprehensive information about lucrative markets the report analyzes the inflight entertainment IFE market across varied regions
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the inflight entertainment IFE market
Competitive Assessment: Indepth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the inflight entertainment IFE market
Original Article: Inflight Entertainment IFE Market by Fit Linefit, Retrofit, Aircraft Type NBA, WBA, VLA, Business Jets, Product Type IFE Hardware, IFE Connectivity Communication, IFE Content, Region Global Forecast to 2022 [Report Updated: 24032017] Prices from USD $56NEXT ARTICLE