In-Flight Entertainment & Connectivity (IFEC) Market expected to reach $8.5bn by 2024

Inflight Entertainment & Connectivity (IFEC) Market expected to reach $8.5bn by 2024

In-flight entertainment (IFE) market has moved incredibly long way and has progressed rapidly over the past few years. The latest research findings outlined below, show that the next years will see percentages grow even higher.

According to a report from Global Market Insightsthe in-flight entertainment and connectivity (IFEC) market is expected to reach $8.5bn by 2024, growing at 13.3% CAGR from 2016.

Factors such as the need for increasing passenger travel time experience, development of innovative wireless solutions on BYOD (bring your own device) and growing availability of HD contents are anticipated to drive the in-flight entertainment (IFE) market demand.

The rising prominence of digital advertising, as well as free Wi-Fi services, is predicted to propel market size in the coming years.

The report also states that the U.S. in-flight entertainment and connectivity market will remain a major regional segment through the forecast timeline, due to improved high-speed broadband support infrastructure, and growing data usage.

Another report by Research and Markets  shows that the IFE market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period (2016 to 2022). Asia-Pacific region is expected to receive a high number of aircraft deliveries, which is about 33% of the global deliveries.

 

 

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Airlines can improve their passenger experience tremendously by offering entertainment and infotainment services to their passengers aboard the aircraft via in-seat screens and even more via mobile devices (“Bring Your Own Device” scenario). Such services can include the availability of Hollywood movies, magazines, music, TV channels, also games, on-board shop, surveys, and much more.

At Axinom, we provide the core foundation of products (Axinom CMS, Axinom VIP, Axinom DRM, Axinom CDS) to connect services, assets, crew and passengers with proven aerospace industry-specific architectures and technologies.

If you´d like to know more about our work in the aerospace industry, contact us here or visit our website: https://www.axinom.com/aerospace/

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