IFE Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

 

The global IFE market is anticipated to grow at a considerable CAGR of 11.1% during the forecast period (2022-2028). IFE is the service provided to the passengers of airplanes. The services include entertainment services, internet services, and connectivity services. The major factor attributing to the growth of the global IFL market includes the increasing air traffic across the globe. According to the article published by the Federal Aviation Administration (FAA) in April 2022, the average number of flights handled daily by the FAA is around 45,000. An estimation of more than 10 million passenger flights is scheduled every year. Thus, increasing the demand for IFL services. In addition, another factor contributing to the growth of the global IFL market includes the growing tourism industry. According to the India Brand Equity Foundation (IBEF), India is ranked 10 among the 185 countries in terms of travel and tourism contributing around 6.8% to the Gross Domestic Product (GDP) of the nation. The Indian tourism & hospitality industry is anticipated to earn around $50.9 billion by 2028. Airline travel in India is also expected to increase and reach around $125 billion by 2027. Thus, increasing the use of IFL services.

IFE Market Segmentation:

By Type

•  IFE Hardware
•   IFE Content
•  IFE Networks

By Aircraft Size

• Wide-Body Aircraft
• Narrow-Body Aircraft
• Business Jet

By Connectivity

•  Satellite Connectivity
• Air-to-Ground Connectivity

Competitive Landscape- Panasonic Corp., Kymeta corp., EchoStar Corp., Honeywell International Inc., and THALES, among others.

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the IFE market and what is its expected growth rate?
• What are the primary driving factors that push the IFE Market forward?
• What are the IFE Industry’s top companies?
• What are the different categories that the IFE Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the IFE Market sample report and company profiles?