Market Leader - In-flight Entertainment and Connectivity Market
The global market for in-flight entertainment & connectivity is estimated to be USD 4.7 billion in 2021 and is projected to reach USD 6.1 billion by 2026, at a CAGR of 5.2% during the forecast period. The growth of this market is mainly driven by the increased demand for in-flight experience, increase in aircraft renewals and aircraft deliveries and technological shift.
Thales Group (France), Viasat, Inc. (US), Astronics Corporation (US), Iridium Communications Inc. (US), Gogo LLC (US), among others, are some of the leading players operating in the in-flight entertainment & connectivity market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the in-flight entertainment & connectivity market.
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THALES GROUP was ranked in the top 5 global in-flight entertainment & connectivity market due to its vast product portfolio and increasing product launches. For instance, in June 2021, Thales launched AVANT UP. An in-flight entertainment system that offers features such as 4K HDR displays, in-seat power, and open operating system. Furthermore, the company also collaborates with prominent airlines in order to increase its market presence. For instance, in 2018, Thales and Garuda Indonesia entered into a partnership to equip the airline with Thales’ AVANT UP IFE System onboard the airline’s 14 A330neo aircraft.
VIASAT, INC. is a global communication company. The company was ranked in the top 5 global in-flight entertainment & connectivity market to the increasing collaborations of the company with prominent airlines.
- For example, in May 2021, Viasat, Inc. signed a contract with JetBlue to provide in-flight connectivity (IFC) solution for its new Airbus A220-300 and Airbus A321 Long Range (LR) aircraft.
- For example, in July 2018, Viasat Inc. received a contract from EL AL Israel Airlines, where it provided the airline with commercial in-flight Wi-Fi service.
ASTRONICS CORPORATION is a global aerospace electronics manufacturing company. Due to its vast product portfolio and large geographic presence, it has been ranked as one of the most prominent players in the global in-flight entertainment & connectivity market. Additionally, the company collaborates with key industry participants to strengthen its position in the IFEC market. For instance, in August 2021, Astronics Corporation and Aerotec Concept (France) signed an agreement where both the companies will develop new technologies for the aviation industry according to the EASA (European Union Aviation Safety Agency) and FAA (US Federal Aviation Administration) certifications.
Related Reports:
In-flight Entertainment and Connectivity Market by Product (IFE Hardware, IFE Connectivity, IFE Content), Class, Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets), End User and Region - Forecast to 2026
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