Inflight Entertainment (IFE) Market Worth 6.91 Billion USD by 2022

PUNE, India, March 24, 2017 /PRNewswire/ --

The report "Inflight Entertainment (IFE) Market by Fit (Linefit, Retrofit), Aircraft Type (NBA, WBA, VLA, Business Jets), Product Type (IFE Hardware, IFE Connectivity & Communication, IFE Content), Region - Global Forecast to 2022", published by MarketsandMarkets, is projected to reach USD 6.91 Billion by 2022, at a CAGR of 13.80% from 2016 to 2022.

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Browse 120 market data Tables and 59 Figures spread through 169 Pages and in-depth TOC on "Inflight Entertainment (IFE) Market"

http://www.marketsandmarkets.com/Market-Reports/in-flight-entertainment-communications-market-860.html

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Factors such as the increasing number of aircraft orders & deliveries and the emerging focus upon providing aircraft passengers with the best travel experience are expected to drive the inflight entertainment (IFE) market.

The linefit segment of the inflight entertainment (IFE) market is expected to grow at the highest CAGR during the forecast period

The linefit segment has been witnessing strong growth across the globe in recent years, driven by factors such as increase in air travel, growing demand for newly manufactured aircraft and growth in international tourism. Growth of the civil sector has resulted in an increasing demand for new aircraft, which directly affects the inflight entertainment (IFE) market. The increasing demand for new aircraft is expected to propel market growth during the forecast period.

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The Narrow Body Aircraft (NBA) segment is expected to grow at the highest CAGR during the forecast period

Based on aircraft type, the narrow body aircraft segment of the in-flight entertainment (IFE) system market is projected to grow at the highest CAGR during the forecast period. Airliners are replacing the older narrow body aircraft by introducing latest aircraft such as the A320 Neo and the 737 Max. The mainline carriers are opting for the next generation narrow body aircraft to serve customers better while also improving profitability through the lower operating cost of the aircraft.