A new report by Grand View Research, Inc. has found the global In-Flight Entertainment And Connectivity (IFEC) market size is expected to reach USD 9.82 billion by 2024, the company said.
The emergence of BYOD and development of novel wireless solutions are expected to boost market growth. The increasing commercial aviation & fleet expansion have further bolstered industry growth. Growing availability of HD content across dynamic platforms are expected to increase IFEC systems´ demand.
Recent administrative regulations pertaining to the IFEC integration into aircraft in countries such as the US are further expected to throttle industry growth. These regulations restrict the in-flight entertainment and connectivity integration to a certain degree to offer safe travel to passengers by minimizing the possibility of mishaps associated with the cabling and weight of these systems.
IFEC system associated costs of content services and procurement costs are expected to pose challenges for the industry. The recent BYOD trend across industries, along with the advent of wireless portable electronic devices across dynamic sectors, is expected to impel the global IFEC market growth.
Grand View Research, Inc. is a US-based market research and consulting company, registered in the State of California and headquartered in San Francisco.