HOME Research Insight Contracts was the Key Strategy Adopted by Market Players to Achieve Growth in the In-Flight Entertainment & Connectivity (IFEC) Market

Contracts was the Key Strategy Adopted by Market Players to Achieve Growth in the In-Flight Entertainment & Connectivity (IFEC) Market

The In-flight Entertainment & Connectivity (IFEC) market report covers all types of In-flight Entertainment (IFE) used in aircraft, including audio entertainment, video entertainment, Wi-Fi connectivity, and other services. The IFEC market is estimated at USD 5.03 billion in 2018 and is projected to reach USD 7.65 billion by 2023, at a CAGR of 8.72% during the forecast period. The increase in passenger traffic and aircraft deliveries are driving this market.

Key solution developers in the IFEC market are Panasonic Avionics (US), Thales Group (France), Rockwell Collins, Inc. (US), Gogo LLC (US), Honeywell International Inc. (US), and Zodiac Aerospace (France). These companies have their manufacturing facilities in regions, such as North America, Europe, and Asia Pacific. These key companies adopted strategies, such as contracts, new product developments, agreements, acquisitions, and partnerships, among others, to increase their market shares.

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Panasonic Avionics Corporation is a subsidiary of Panasonic Corporation of North America and has its headquarters in California, US. Panasonic Avionics Corporation falls under AVC Networks, which is a segment of Panasonic Corporation. The company started its operations in 1981 under the name Matsushita Avionics Corporation and changed its name to Panasonic Avionics Corporation in 2005. It is engaged in designing and manufacturing customized in-flight entertainment and communications and has a huge customer base around the world. In April 2018, Panasonic Avionics Corporation launched their new retail platform for customers of their NEXT and eX3 systems, NEXT Marketplace.

Gogo LLC focuses on securing contracts to enhance its position in the IFEC market. It has been successful in maintaining a leading position in this market, primarily through a series of partnerships. The growing demand towards developing more reliable and environment-friendly aircraft will enable Gogo to enhance its position in this market. The company invests 10% of its total revenue in R&D to develop new products. In January 2018, Gogo launched AVANCE L3, an innovative new in-flight connectivity system.

Related Reports:

Inflight Entertainment & Connectivity (IFEC) Market by Fit (Linefit, Retrofit), Aircraft Type (NBA, WBA, VLA, Business Jets), Product Type (IFE Hardware, IFE Connectivity & Communication, IFE Content), Region - Global Forecast to 2022

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