IFEC Market Growing at the Fastest Rate in APAC and North America Region

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In-flight Entertainment Connectivity (IFEC)
Market Growing at the Fastest Rate in APAC and
North America Region This report segments the
IFEC market based on aircraft type, end user,
product and region. Based on aircraft type, the
market has been segmented into narrow body
aircraft, wide body aircraft, very large
aircraft, and business jets. Based on end use,
the market has been segmented into OEM,
aftermarket. Based on product, the market has
been segmented into hardware, connectivity and
content. The report "In-flight Entertainment
Connectivity (IFEC) Market by End User (OEM,
Aftermarket), Aircraft Type (NBA, WBA, VLA,
Business Jets), Product (IFE Hardware, IFE
Connectivity, IFE Content), and Region - Global
Forecast to 2027", is estimated to be USD 5
billion in 2018 and is projected to reach USD 11
billion by 2027, at a CAGR of 9 from 2018
to 2027. The need to enhance the
passenger experience, technological
developments, and an increase in aircraft
deliveries are factors expected to drive the
market. Browse 147 market data Tables and 47
Figures spread through 185 Pages and in- depth
TOC on "In-flight Entertainment Connectivity
(IFEC) Market - Global Forecast to
2027" Download PDF Brochure _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id860 The OEM
segment of the in-flight entertainment
connectivity market is expected to grow at a
higher CAGR during the forecast period The OEM
segment is expected to grow at a higher CAGR
during the forecast period, as compared to the
aftermarket segment. OEM refers to the
installation of equipment during the
manufacturing of a new aircraft. Leading airlines
are focused on the installation of new IFEC
systems. The installation of IFEC systems
primarily depends on the number of aircraft
manufactured in a year. Commercial aircraft
manufacturers such as Airbus and Boeing are
currently focused on the installation of advanced
in- flight entertainment systems, which are
currently in the production phase.
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The Narrow-body Aircraft (NBA) segment is
expected to grow at the highest CAGR during the
forecast period Based on aircraft type, the
narrow-body aircraft segment of the in-flight
entertainment connectivity market is projected
to grow at the highest CAGR during the forecast
period. The growth of the narrow-body aircraft
segment can be attributed to an increase in
narrow-body aircraft deliveries worldwide.
Airlines are presently replacing the older
fleet of narrow-body aircraft with the
introduction of latest aircraft, such as the
A320neo and the 737 Max. They are also focused on
the procurement of the next- generation
narrow-body aircraft to improve
profitability. The IFE content segment is
expected to grow at the highest CAGR during the
forecast period Based on product, the IFE content
segment of the in-flight entertainment
connectivity market is projected to grow at the
highest CAGR from 2018 to 2027. The growth of
this segment can be attributed to the increasing
use of onboard WI-FI service by passengers
for web browsing, content streaming, SMS, e-mail,
destination information, concierge services, and
other airline information during air travel. The
IFEC market in Asia Pacific is projected to grow
at the highest CAGR during the forecast
period The in-flight entertainment connectivity
market in the Asia Pacific region is
projected to grow at the highest CAGR during the
forecast period, owing to the increasing
aircraft deliveries and rising passenger traffic
in this region. China is expected to be the
major market in the region, owing to the
reforms in their regulations and policies,
innovative business models, and the development
of aircraft with new technologies. Key Market
Players Key players in the in-flight
entertainment connectivity market include
Panasonic Avionics (US), Thales Group (France),
Rockwell Collins, Inc. (US), Gogo LLC (US),
Honeywell International, Inc. (US), and Zodiac
Aerospace (France). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id860
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