Aircraft Cabin Interior Market Demand, Rising Trends and Technology Advancements 2023 to 2030
The global aircraft cabin interior market size was valued at USD 28.40 billion in 2022. The market is set to expand from USD 32.07 billion in 2023 to USD 63.30 billion by 2030, exhibiting a CAGR of 10.20% over the estimated period. The expansion is propelled by the escalating demand for various advanced components such as LED cabin lights, lightweight cushion structures, and wireless in-flight entertainment systems & connectivity.
This information is provided by Fortune Business Insights™ in its research report, titled “Aircraft Cabin Interior Market, 2023-2030”.
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List of Key Players Mentioned in the Aircraft Cabin Interior Market Report:
- Astronics Corporation (U.S.)
- Cobham PLC (U.K.)
- Collins Aerospace (United Technologies Corporation) (U.S.)
- Diehl Stiftung & Co. Kg (Germany)
- Haeco Americas (U.S.)
- Honeywell International Inc. (U.S.)
- Jamco Corporation (Japan)
- JCB Aero (France)
- Panasonic Corporation (Japan)
- Safran (France)
- Thales Group (France)
- The Boeing Company (U.S.
COVID-19 Impact:
Industry Value Surged Due to Decreased Commercial Aircraft Demand
The aerospace sector was drastically affected by the coronavirus pandemic. The period recorded disruptions in supply chains and an escalation in aircraft orders. This created numerous challenges for manufacturers for fulfilling the product demand.
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Segments:
Seats Segment to Depict Lucrative Growth Owing to Rising Commercial Aircraft Demand
By component, the market is classified into seats, cabin lighting, windows & windshields, galley & lavatory, in-flight entertainment & connectivity, stowage bins, and interior panels. The seats segment is expected to record high demand over the study period. The escalation is due to the increasing demand for commercial aircraft.
Economy Class Segment to Gain Notable Traction Impelled by Soaring Comfortable Seating Demand
Based on class, the market is categorized into business class, first class, premium economy class, and economy class. The economy class segment is poised to account for a dominating share in the market. The escalation is due to the increasing demand for comfortable seating and growing net worth of individuals.
Narrow Body Aircraft Segment to Register Substantial Expansion Owing to Rising Product Demand
By aircraft type, the market for aircraft cabin interiors is segmented into wide body, narrow body, business jets, and regional transport aircraft. The narrow body segment held a dominating share in the market due to increasing product demand.
OEM Segment to Emerge Prominent Impelled by Rising Production of Commercial Aircraft
By end-user, the market is segmented into aftermarket and OEM. The OEM segment is expected to have the highest market share over the estimated period. The expansion is impelled by the surging demand for renewed and new aircraft.
Based on geography, the market has been studied across North America, Europe, Asia Pacific, the Middle East, and the rest of the world.
Report Coverage:
The report gives a substantial coverage of the pivotal trends boosting the global business scenario over the forthcoming years. It further offers an insight into the key factors impelling industry expansion throughout the forecast period. The report also provides an account of the major steps undertaken by leading companies for strengthening their positions in the market.
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Drivers and Restraints:
Soaring Demand for Regional Aviation Transport and Long-Haul Flights to Propel Industry Expansion
One of the pivotal factors impelling aircraft cabin interior market growth is the escalating demand for long-haul flights. The industry expansion is further propelled by the surging demand for regional aviation transport in various regions.
However, delayed certifications and stringent regulatory policies associated with the weight of the aircraft are anticipated to propel market growth amid the pandemic period.
Regional Insights:
North America to Emerge Prominent Impelled by Presence of Leading Companies
The North America aircraft cabin interior market share is slated to grow at a commendable pace over the study period. The rise is driven by the presence of leading manufacturers in the region.
The Asia Pacific market is expected to expand at the highest CAGR over the estimated period. The upsurge is due to the increasing number of OEMs in the region.
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Competitive Landscape:
Key Companies Enter into Partnership Deals to Strengthen Industry Position
Major industry participants are formulating and adopting a range of deals for strengthening their positions in the market. These include partnerships, collaborations, and merger agreements. Additional initiatives comprise a rise in trade conferences and growing participation in trade activities.
Key Industry Development:
October 2022 – Jet Aviation launched a new solution with three certified 55-inch curved OLED screens. The development marked the latest addition to the company’s aircraft cabin interior.
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