The changing dynamics in In-flight Entertainment and Connectivity (IFEC) Market with covid-19 impact assessment

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the In-flight Entertainment & Connectivity (IFEC) Market.

It was estimated prior to this unanticipated outbreak that the In-flight Entertainment & Connectivity (IFEC) Market  was likely to witness an impressive CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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In-flight Entertainment & Connectivity (IFEC) Market Segment Insights:

By Product Type:

The IFE hardware segment is estimated to lead the market during the forecast period. The operating cost of aircraft is being reduced as several market players are developing portable equipment to accommodate more seats. Further, hardware providers of IFEC systems are considering the advantages of the connectivity option that offers content streaming solutions. 

By Aircraft Type:

The narrow-body aircraft segment is expected to dominate the IFEC market during the forecast period. The growth of the narrow-body aircraft segment is owing to a rise in narrow-body aircraft deliveries worldwide. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Airlines are currently 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 attentive on the procurement of the next-generation narrow-body aircraft to enhance profitability.

By End-User Type:

The OEM segment led the market in 2018, and is expected to maintain its dominance during the forecast period. Commercial aircraft manufacturers such as Airbus and Boeing are presently converging on installing enhanced in-flight entertainment systems, which are presently in production. Thus, the OEM segment is estimated to command the market in the coming five years.

By Region:

North America dominated the in-flight entertainment & connectivity market in 2018, and is expected to maintain its dominance during the forecast period. The aviation industry is one of the most lucrative industries in North America, with the presence of giant aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bell Helicopter (US), Sikorsky Aircraft (US), and Bombardier (Canada) in the region. 

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment.

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors 

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