- The key vendors in the Global In-flight Entertainment (IFE) Market 2015-2019 are Global Eagle Entertainment Inc., Panasonic Avionics Corp., Rockwell Collins Inc. and Thales SA.
London, 06 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global In-flight Entertainment (IFE) Market 2015-2019. One of the major trends emerging in this market is the adoption of technologies that reduce IFE installation costs. To this end, major carriers are using Ku band and Ka band for air-to-ground communications, as opposed to IFE systems that run on complex wiring. In terms of revenue, the Global IFE market is expected to grow at a CAGR of 7.55 percent during the forecast period of 2014-2019.
Airline operators are increasingly seeing IFE systems as a value-added service to their customers. Some airlines have started providing Apple iPads to premium customers while they are on board. Airline providers worldwide are enhancing fleet sizes because of the increased demand for air travel.
Demand for IFE has increased significantly over the past few years and airline providers are trying to cater to this demand by installing IFE systems in their fleet. IFE is used by airlines worldwide as a strategic tool to retain a customer base.
“Airline operators are placing orders with aircraft manufacturers for pre-installed IFE systems in their new fleets,” says Faisal Ghaus, Vice President of TechNavio Research.
“Earlier, only a few airline operators used pre-installed IFE systems. However, the increased demand for IFE systems from passengers has resulted in more airline operators adopting this technology.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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