The global IFE market is anticipated to grow at a considerable CAGR of 11.1% during the forecast period (2022-2028). IFE is the service provided to the passengers of airplanes. The services include entertainment services, internet services, and connectivity services. The major factor attributing to the growth of the global IFL market includes the increasing air traffic across the globe. According to the article published by the Federal Aviation Administration (FAA) in April 2022, the average number of flights handled daily by the FAA is around 45,000. An estimation of more than 10 million passenger flights is scheduled every year. Thus, increasing the demand for IFL services. In addition, another factor contributing to the growth of the global IFL market includes the growing tourism industry. According to the India Brand Equity Foundation (IBEF), India is ranked 10 among the 185 countries in terms of travel and tourism contributing around 6.8% to the Gross Domestic Product (GDP) of the nation. The Indian tourism & hospitality industry is anticipated to earn around $50.9 billion by 2028. Airline travel in India is also expected to increase and reach around $125 billion by 2027. Thus, increasing the use of IFL services.
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Scope of the IFE Report
The research study analyzes the IFE industry from a 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of IFE Market is available at: https://orionmarketreports.com/ife-market/106983/
IFE Market Segmentation:
By Type
- IFE Hardware
- IFE Content
- IFE Networks
By Aircraft Size
- Wide-Body Aircraft
- Narrow-Body Aircraft
- Business Jet
By Connectivity
- Satellite Connectivity
- Air-to-Ground Connectivity
Competitive Landscape- Panasonic Corp., Kymeta corp., EchoStar Corp., Honeywell International Inc., and THALES, among others.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key questions answered in this report:
- What is the size of the IFE market and what is its expected growth rate?
- What are the primary driving factors that push the IFE Market forward?
- What are the IFE Industry’s top companies?
- What are the different categories that the IFE Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the IFE Market sample report and company profiles?
Key Benefits of Buying the Global IFE Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global IFE Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global IFE Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global IFE Market
The report covers the following objectives:
- Proliferation and maturation of trade in the IFE market.
- The market share of the IFE market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the IFE market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the IFE market.
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