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.
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.
The companies which are contributing to the growth of the US IFEC market include Astronics Corp., Global Eagle Entertainment, Inc., Satcom Direct (SD), Inc., Gogo Inc., Honeywell International, Inc., Iridium Communications Inc., Panasonic Aviation Corp., Rockwell Collins Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, In December 2017, Astronics Corp. acquired substantially all of the assets of Telefonix Inc. and a related company, Product Development Technologies, LLC and its subsidiaries, to become CSC, primarily located in Waukegan and Lake Zurich, Illinois. CSC designs and manufactures advanced in-flight entertainment and connectivity equipment and provides industry-leading design consultancy services for the global aerospace industry.
Research Methodology
The market study of the US IFEC market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for IFEC market players, potential entrants and airline companies for the overall market and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US IFEC Market by Type
5.1.1. In-Flight Entertainment
5.1.2. In-Flight Connectivity
5.2. US IFEC Market by Class
5.2.1. First Class
5.2.2. Business Class
5.2.3. Economy Class
6. Company Profiles
6.1. Astronics Corp.
6.2. Global Eagle Entertainment, Inc.
6.3. Satcom Direct (SD), Inc.
6.4. Gogo Inc.
6.5. Honeywell International, Inc.
6.6. Iridium Communications Inc.
6.7. Panasonic Aviation Corp.
6.8. Rockwell Collins Inc.
6.9. SmartSky Networks, LLC
6.10. Viasat Inc.
1. US IFEC MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
2. US IFEC MARKET RESEARCH AND ANALYSIS BY CLASS, 2018-2025 ($ MILLION)
1. US IFEC MARKET SHARE BY TYPE, 2018 VS 2025 (%)
2. US IFEC MARKET SHARE BY CLASS, 2018 VS 2025 (%)