Global In-flight Entertainment and Connectivity Market Grows Steadily at a CAGR of 9.29%

Introduction

One of the key factors propelling industry expansion is the evolving passenger demand for constant connectivity aboard. Additionally, the rise in nonstop long-distance flights across the globe is anticipated to create significant growth opportunities in the ensuing years. The IFEC market is on the verge of entering the mainstream and becoming an expected service on international flights instead of an optional supplementary service. This trend is expected to boost market rivalry and the number of collaborations and partnerships, as satellite connectivity providers and airlines collaborate to offer flawless IFEC services onboard.

Market Dynamics

Technological Advancements and Development of Connectivity Technologies Drives the Global Market

The industry for in-flight entertainment and connectivity is growing due to the technological advancements in wireless connectivity, which have made it possible for airline passengers to use their own electronic devices. One of the primary factors propelling market expansion is customer demand for bug-free connectivity onboard. The aviation industry is undergoing a tremendous technological shift, necessitating that market participants adapt current products and services. Moreover, innovations in seat design, connectivity, and real-time data favorably impact the in-flight entertainment and connectivity market. The key competitors focus on enhancing the wide variety of delivery options to enhance demand.

Major in-flight connectivity service providers have been compelled to create better solutions due to ongoing networking and connection technology innovation investments to maintain a competitive edge and stay ahead of the competition. Market leaders plan to offer new connectivity technologies and advanced portals to increase bandwidth capacity and speed and provide smart connectivity to passengers' electronic devices like smartphones, laptops, and tablets.

Unrealized Market Potential in Developing Regions Creates Tremendous Opportunities

Emerging markets are anticipated to open up new growth opportunities for established businesses in developing nations like LAMEA and Asia-Pacific. Market players in the in-flight entertainment and connectivity market, such as Viasat Inc., Intelsat, Honeywell International Inc., and others, are anticipated to contribute to the expansion of the industry.

Regional Analysis

North America dominated the global in-flight entertainment and connectivity industry during the forecast period. Regional airlines in affluent nations are anticipated to boost their utilization of such technologies, sustaining regional business expansion. Some of the region's best-known airlines, such as United Airlines, Inc., and Delta Air Lines, Inc., always attempt to provide passengers with compensating material via Wi-Fi or medication.

Key Highlights

• The global in-flight entertainment and connectivity market was valued at USD 5.45 billion in 2021. It is projected to reach USD 12.12 billion by 2030, growing at a CAGR of 9.29% during the forecast period (2022–2030).
• Based on component type, the market has been segmented into hardware, connection, and content. The hardware section generated the most considerable revenue during the forecast period
• Based on aircraft type, the market is divided into three primary categories: narrow-body aircraft (NBA), enormous aircraft (VLA), and wide-body aircraft (WBA). The NBA section is anticipated to expand fastest and create the most revenue over the projection period
• Based on offering type, the market is divided into in-flight entertainment (IFE), in-flight connectivity, and in-flight safety and security (IFC). The IFE component holds the largest market share, and this trend is anticipated to continue throughout the forecast period.
• North America dominated the global in-flight entertainment and connectivity industry during the forecast period.

Competitive Players

Competitive Analysis

The global In-flight Entertainment and Connectivity market’s major key players are BAE Systems, Cobham plc., Collins Aerospace, Eutelsat Communications, Global Eagle Entertainment Inc., Gogo LLC, Honeywell International Inc., Inmarsat plc., Iridium Communications Inc., Panasonic Corporation, Safran (Zodiac Aerospace SA), SITAONAIR, Thales SA, and ViaSat Inc.

Recent Developments

Market News

• June 2022, Seeker technology for low-observable persistent missiles.
• In June 2022, Collins Aerospace’s Hypergamut Lighting System reduces jetlag and intelligently syncs with real-time flight data to optimize performance.
• In June 2022, Collins Aerospace and NIAR develop a concept for passengers traveling on aircraft with power wheelchairs.
• May 2022, Eutelsat-Telenor Maritime signed a critical connectivity maritime deal confirming the central role of Eutelsat ADVANCE service in the cruise segment.

Segmentation

Global In-flight Entertainment and Connectivity Market: Segmentation

By Component Type

• Hardware
• Connectivity
• Content

By Aircraft Type

• Narrow-Body Aircraft (NBA)
• Wide-Body Aircraft (WBA)
• Very Large Aircraft (VLA)

By Offering Type

• In-flight Entertainment (IFE)
• In-flight Connectivity (IFC)

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA