Indian IFEC market is estimated to grow considerbly at a CAGR of 11.2% during the forecast period. The factors that positively affect the growth of the market include the increasing aviation industry and the growing number of passengers travelling by air in the country. India has 464 airports and airstrips, in which the Airport Authority of India (AAI) owned 125 airports and manage around 78% of domestic passenger traffic and 22% of international passenger traffic. Moreover, government initiatives in the aviation industry further provide substantial opportunities to the IFEC market in the country. For instance, in February 2019, the Government of India announced the investment of $194.7 million for the development of a new greenfield airport in Hirasar, Gujarat. These investments further contribute to the growth of the aviation industry in the country and further raises the demand for advanced infotainment and connectivity solution for better passenger experience and safety.
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The market is segmented on the basis of type, and class. Based on type, the market is segregated into in-flight entertainment and in-flight connectivity. The in-flight entertainment segment is anticipated to hold considerable market share during the forecast period. The growth of the in-flight entertainment segment is attributed to the surge in demand for continuous entertainment, such as video streaming, by the passengers onboard. The in-flight connectivity segment is driven by the increasing use of smartphones and the rising trend of connectivity solutions in airlines among others. Based on class, the market is segmented into first class, business class, and economy class. These are classified on the basis of different characteristics that include the cost of travel, available amenities, and ambience. In terms of market share, the business class segment is anticipated to hold a considerable share in the IFEC market.
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The companies which are contributing to the growth of the Indian IFEC market include Burrana, Envee Inflight Entertainment Co. Ltd, Honeywell International, Inc., Global Eagle Entertainment, Inc., Panasonic Aviation Corp., Rockwell Collins Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Market Segmentation
Indian IFEC Market by Type
- In-Flight Entertainment
- In-Flight Connectivity
Indian IFEC Market by Class
- First Class
- Business Class
- Economy Class
Company Profiles
- Burrana
- Envee Inflight Entertainment Co. Ltd
- Honeywell International, Inc.
- Global Eagle Entertainment, Inc.
- Panasonic Aviation Corp.
- Rockwell Collins Inc.
- Safran S.A.
- Thales Group
- Viasat Inc.
- Gogo Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
