Global Inflight Entertainment & Connectivity Services Market Report 2021: Partnerships Between Satellite Operators and Media Content Providers are Transforming the Industry
Friday, January 14, 2022
DUBLIN, Jan. 6, 2022 /PRNewswire/ -- The "Global Inflight Entertainment & Connectivity Services Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
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Globally, FSCs are key providers of the IFEC services compared to the hybrid and LCCs. Most of the leading FSCs have more than a decade of experience in providing the IFEC to their passenger.
They fly on long-haul routes and face tough competition from their peers. IFEC has become one of the important aspects under customer centricity which need to be further developed.
It has been observed that most of the airlines that previously provided the screen on the back of passenger seats are replacing them with inflight Wi-Fi that can be easily connected to the passengers' personal electronic devices, such as cell phones, tablets, and laptops. It helps the airlines to save the cost on the line fit of the screens and also on investing in retrofit and aftermarket activity.
The COVID-19 pandemic has drastically reduced the demand for air travel both on domestic and international routes. It has severely impacted the aircraft utilization rate and financial health of the airlines. Most of the airlines were forced to halt their digital transformation journey due to weak financial capability.
Airlines are focusing more on passenger safety rather than enhancing their inflight experience. As the demand for air travel comes back to pre-pandemic numbers and airlines will be able to achieve financial stability, the demand for IFEC will be growing at a steady rate.
Furthermore, the bring-your-own-device concept helps in the aircraft weight reduction as IFEC hardware adds a significant amount of weight. LCCs are also looking forward to bringing in inflight entertainment to their passengers. Inflight connectivity is still far from the reach of LCCs because of the high cost of the service that is not in line with their business model.
Inflight connectivity has been provided by GEO-based satellites; with the advent of the LEO-based satellites, it is expected that there will be a shift in demand from GEO to LEO due to low cost and low latency. However, airlines must update their equipment as old equipment will not be compatible with LEO capacity.
Satellite operators have sensed the potential of the market and are focused on direct involvement with the airlines by acquiring the inflight entertainment service providers. It will help them to get the ready-made client base and sell their satellite capacity directly to the airlines. Satellite operators are also directly partnering with the live TV channels to stream them inflight. On the other hand, the inflight entertainment service providers are partnering with new satellite operators to increase the market footprint.
Key Topics Covered:
1. Strategic Imperatives
-- Why is it Increasingly Difficult to Grow?
-- The Strategic Imperative
-- The Impact of the Top 3 Strategic Imperatives on the Inflight
Entertainment and Connectivity (IFEC) Industry
-- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
-- Key Vendors in the Inflight Entertainment & Connectivity Market
-- IFEC
-- IFEC - Cabin Connectivity
-- Advent of the Low Earth Orbit (LEO) Satellite Constellation
-- Growth Drivers for IFEC
-- Growth Driver Analysis for IFEC
-- Growth Restraints for IFEC
-- Growth Restraint Analysis for IFEC
-- IFEC - Demand and Supply Perspective
-- IFEC - By Region
3. Growth Opportunity Universe
-- Growth Opportunity 1: Airlines Need to Focus More on Providing the
Regional Entertainment Content for Better Inflight Experience
-- Growth Opportunity 2: Airlines Need to Provide More Live Content to
Further Increase the Passenger Inflight Experience
-- Growth Opportunity 3: Airlines Need to Shift to LEO Capacity for
Low-cost Inflight Connectivity
For more information about this report visit https://www.researchandmarkets.com/r/t2pyu5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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SOURCE Research and Markets
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