Inflight Entertainment Center Market: COVID-19 Impact Analysis
Market Volume and Share of Inflight Entertainment Centers in 2022. The market for Inflight Entertainment Centers in 2022 is anticipated to grow to $10.7 billion. The most prominent players in this market include Royal Jordanian Airways, Qatar Airways in addition to 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. This market is heavily dominated by the following countries: United States, 79%; China 26%; Saudi Arabia 26%; Japan 10 percent; India five percent. Asia Pacific accounted to 78 percent and Europe for 13% of the IFEs. America Samoa was the only nation that was not located in Asia Pacific and it accounted for 0% of IFECs.Inflight entertainment centers (IFEC) market Size and Share by Segment by 2022.Inflight entertainment centers (IFEC) are an example of entertainment systems that allow passengers to access the latest movies, TV as well as other entertainment options during flights. Inflight entertainment centers could reach $5.5 billion in 2022. The segment for business aircrafts is projected to earn a revenue of $4.4 billion in 2022. The general aviation plane segment will generate revenues of $2.8 billion by 2022, in contrast, the leisure aviation segment is expected to generate the sum of $1.9 billion in 2022.The overall market for inflight entertainment venues (IFEC) is projected to expand at a CAGR 7.7% between 2021-2022. However, the growth will be much more prominent for leisure and business aircraft segments than general aviation aircraft and the business jet segments.Inflight Entertainment Centers (IFEC) Market Share and Size according to Regions to 2022.Subsection 3.2 The top 5 regions accounted for $14.3B of the Inflight Entertainment Centers (IFEC) market by 2022.
United States Region 1.
Europe Region 2.
Japan Region 3.
China Region 4.
region 5: Australia
Between 2022 and 2026 the Inflight Entertainment Centres (IFEC). The market will grow at the rate of 10% per year. At the time of 2021, the inflight Entertainment Centers (IFEC) market was worth $19.9B at the time of its launch, and by 2026, it’s expected to be worth $21.8B. Numerous factors contribute to the increase in the market for Inflight Entertainment Centres (IFEC market) with the most notable being the increasing tourism demand and the development of other nations. There is also a growing use of technology in the travel sector.