5 must-have features for the perfect inflight entertainment system
Inflight Entertainment Centers (IFEC) Market Size and Share in 2022.The Inflight Entertainment Centers (IFEC) market is estimated to grow from $19.9 billion in 2022 to $10.7 billion by 2021. The top players in this market are Royal Jordanian Airways, Qatar Airways, and Emirates Airlines. These companies are expected to dominate the market due to their expansive fleets, great customer service, and cutting-edge technologies.Subsection 1.2 By Region, the Inflight Entertainment Centers (IFEC) Market Size is $19.9B in 2022.Subsection 1.2 Overview of the Inflight Entertainment Centers (IFEC) Market Size by Region in 2022 is as follows:1) Asia-Pacific will account for the lion’s share of the growth within this market with a value of $21.8 billion by 2021;2) Europe will be second with a value of $13.4 billion by 2021;3) America Samoa will be third with a value of $1 million in 2021;4) Africa will account for the last region with a value of $0 million in 2021.Subsection 1.3 By Country, the Inflight Entertainment Centers (IFEC) Market Size is $10.7B in 2022.In 2018, there were total 2,048 IFECs operating globally with an estimated market size of $19.9 billion by 2021 according to MarketsandMarkets research worldwide study done at that time. The top five countries represented in this market are: United States – 79% ; China – 26% ; Saudi Arabia – 20% ; Japan – 10% ; India – 5%. Regional wise, Asia Pacific accounted for 78% of all IFECs while Europe accounted for 13%. America Samoa was the only country located outside Asia Pacific and it accounted for 0% of all IFECs.Inflight Entertainment Centers (IFEC) Market Size and Share by Segment in 2022.Inflight entertainment centers (IFEC) are a type of when-you-need-it entertainment system that provide passengers with access to television, movies, music, and other activities during flights. In 2022, the market for inflight entertainment centers is expected to be $5.5 billion.The segments that are expected to produce the highest sales in 2022 include business airplanes, general aviation airplanes, and leisure airplanes. The business airplane segment is expected to generate a revenue of $4.4 billion in 2022. The general aviation airplane segment is projected to generate a revenue of $2.8 billion in 2022, while the leisure airplane segment is expected to generate a revenue of $1.9 billion in 2022.The overall market for inflight entertainment centers (IFEC) is estimated to grow at a CAGR of 7% between 2021 and 2022. However, the growth will be more pronounced for the business airplane and leisure airplane segments than for the general aviation plane and business jet segments.Inflight Entertainment Centers (IFEC) Market Size and Share by Region in 2022.Subsection 3.2 The Top 5 Regions accounted for $14.3B of the Inflight Entertainment Centers (IFEC) Market Size in 2022.
Region 1: United States
Region 2: Europe
Region 3: Japan
Region 4: China
region 5: Australia
The Inflight Entertainment Centers (IFEC) market is expected to grow at a CAGR of 10% between 2022 and 2026. By 2021, the Inflight Entertainment Centers (IFEC) market was worth $19.9B, and by 2026, it is projected to be worth $21.8B. The growth in the Inflight Entertainment Centers (IFEC) market can be attributed to several factors including rising demand for leisure travel, increasing development in many countries, and growth in the use of technology in travel industry.