In-Flight Entertainment System Market Size, Share, Growth Analysis, By Type(IFE Hardware, IFE Connectivity, IFE Content), By Aircraft(Wide-Body Aircraft, Narrow-Body Aircraft, Business Jet Aircraft), By Connectivity(Satellite Connectivity, Air-to-ground Connectivity), By Class(First Class, Business Class, Premium Economy, and Economy), By Region - Industry Forecast 2024-2031

In-Flight Entertainment System Market Driver

• The growing aviation industry is a primary driver of In-Flight Entertainment System industry growth. The global aviation industry continues on its successful path, marked by strong growth especially in certain emerging markets, and healthy consolidation in more mature regions. While air cargo remains somewhat below expectations, passenger growth is solid and air travelers and is expected to double by 2035. The aviation industry also supports 63 million jobs and US$2.7 trillion in global GDP. Whereas, emerging markets such as China, and India, are expected to mark a momentous growth in the forecast period. According to the International Air Transport Association (IATA), China is expected to replace the US as the world’s largest aviation market in 2024. Whereas, India is projected to take over the UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. Additionally, it is estimated that for air travel approximately 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China. Whereas, 322 million new additional passengers will surplus to account for a total of 442 million in India. Hence, this will contribute to the industry growth in the upcoming years.

In-Flight Entertainment System Market Restraint

• Higher costs associated with the in-flight entertainment systems are a major factor that hinders the market growth. The in-flight entertainment system market is known for its high research and development as well as installation costs. Seat electronic components cost USD 4500 per unit, according to Zauba statistics. The connection modem unit cost USD 18000 per unit. The cost of installing IFE systems can reach USD 6 million. As a result, the high cost of IFEC systems may limit the market's growth.