HOME Research Insight Contracts was the key Strategy Adopted by Market players to Achieve Growth in the Inflight Entertainment (IFE) market

Contracts was the key Strategy Adopted by Market players to Achieve Growth in the Inflight Entertainment (IFE) market

The Inflight Entertainment (IFE) market report covers all types of inflight entertainment (IFE) used in aircraft, including audio entertainment, video entertainment, Wi-Fi connectivity, and other services. The inflight entertainment (IFE) market is estimated to be valued at USD 3.18 Billion in 2016 and is projected to reach USD 6.91 Billion by 2022, at a CAGR of 13.80% during the forecast period. The demand for inflight entertainment (IFE) is expected to grow at a rapid pace owing to the increase in passenger traffic and aircraft deliveries, and which are the driving this market.

Key solution developers in the inflight entertainment (IFE) market are, Thales Group (France), Rockwell Collins, Inc. (U.S.), Gogo LLC (U.S.), Honeywell International Inc. (U.S.), and Zodiac Aerospace (France). These companies accounted for a major share of the inflight entertainment (IFE) market in 2016 and have their manufacturing facilities in regions, such as North America, Europe, and the Asia-Pacific. These key companies adopted strategies, such as contracts, new product developments, agreements, acquisitions and partnerships, among others, to increase their market shares.

Thales Group is a major supplier of inflight entertainment (IFE). The company has been working intensively in this field for more than 60 years. Thales provides innovative inflight entertainment (IFE) systems for commercial aircraft, including the Boeing 787 Dreamliner, Airbus A380, and Airbus A350 XWB. The company is focusing on new IFE systems that are aimed at increasing reliability and efficiency in connectivity within aircraft. In February 2016, Thales Group signed a contract with Singapore Airlines to equip their A350 XWB aircraft with the AVANT inflight entertainment system and Ka-band connectivity solutions. This system offers flexible options which can be selected by passengers as per their preferences.

Gogo LLC focuses on securing contracts to improve its position in the inflight entertainment (IFE) market. It has been successful in maintaining a leading position in the inflight entertainment (IFE) 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 the inflight entertainment (IFE) market. The company invests 10% of its total revenue in R&D to develop new products. In September 2016, Gogo LLC developed a new next generation ground-based technology to better serve the connectivity needs of North American business and commercial aviation. The technology offers user friendly performance in the aircraft and enables streaming online content for entertainment.

Related Reports:

Inflight Entertainment (IFE) 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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