US In-Flight Entertainment and Connectivity (IFEC) Market Growth, Size, Share, Industry Report and Forecast 2019-2025

Posted May 29, 2020 by mansi3210

US In-Flight Entertainment and Connectivity (IFEC) Market Size, Share & Trends Analysis Report by Type , By Class , and Forecast 2019-2025
US IFEC market is estimated to grow significantly at a CAGR of 9.1% during the forecast period. High disposable income, a large proportion of high-income groups are some of the key factors that are continuously propelling the number of passengers traveling via airplanes. The US is home to the second most millionaires across the globe. As per the Credit Suisse report, around 40% of the global millionaires are in the US, which was around 18.6 million in 2019, with an increment of 675,000 millionaires over the past year. The high population base provides a potential customer base for the airplane.

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The market is segmented on the basis of type, and class. Based on type, the market is segregated into in-flight entertainment and in-flight connectivity. The in-flight entertainment segment is anticipated to hold considerable market share during the forecast period. The growth of the in-flight entertainment segment is attributed to the surge in demand for continuous entertainment, such as video streaming, by the passengers onboard. The in-flight connectivity segment is driven by the increasing use of smartphones and the rising trend of connectivity solutions in airlines among others. Based on class, the market is segmented into first class, business class, and economy class. These are classified on the basis of different characteristics that include the cost of travel, available amenities, and ambience. In terms of market share, the business class segment is anticipated to hold a considerable share in the in-flight entertainment and connectivity market.

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US IFEC Market Segmentation

By Type
• In-Flight Entertainment
• In-Flight Connectivity

By Class

• First Class
• Business Class
• Economy Class

Company Profiles

• Astronics Corp.
• Global Eagle Entertainment, Inc.
• Satcom Direct (SD), Inc.
• Gogo Inc.
• Honeywell International, Inc.
• Iridium Communications Inc.
• Panasonic Aviation Corp.
• Rockwell Collins Inc.
• SmartSky Networks, LLC
• Viasat Inc.

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Categories Aerospace , Business , Technology
Tags communication and connectivity , market analysis , market forecast , market research
Last Updated May 29, 2020