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Rise in demand for inflight entertainment systems is one of the significant factors driving the aircraft cabin interior market.
The aircraft cabin interior market is projected to grow from an estimated USD 26.02 billion in 2017 to USD 38.85 billion by 2022, at a CAGR of 8.35% during the forecast period. This growth can be attributed to as the increased demand for inflight entertainment systems as these have become an alternate source of income for most airlines. Ancillary revenues are helping airlines maintain service quality or increase the quality of the services provided onboard. Airlines are using different sources for revenue generation such as onboard shopping, WiFi connectivity, and advertising. However, the lack of profitable airlines in developing economies is expected to restrain the growth of this market.
Based on vendor, the OEM segment is projected to account for the largest share of the aircraft cabin interior market during the forecast period.
Based on vendor, the OEM segment is estimated to account for the largest share of the aircraft cabin interior market in 2017. The OEM phase is one of the crucial phases of the cabin interior market, as retrofit modification is cumbersome for airlines. Most aircraft cabin interior providers offer the line fit option, as it becomes easy to customize the cabin interior according to the airline's requirement before the aircraft is delivered.
North America is estimated to account for the largest share of the aircraft cabin interior market in 2017 and the Asia Pacific aircraft cabin interior market is projected to grow at the highest CAGR during the forecast period.
North America is estimated to account for the largest share in the aircraft cabin interior market in 2017. Major aircraft manufacturers, such as Boeing US, Lockheed Martin US, Bombardier Canada, Bell Helicopter US, Sikorsky Aircraft US, BAE Systems US, The Raytheon Company US, and General Dynamics Corporation US, among others, are based in this region, and thus generate high demand for aircraft cabin interiors. North America is projected to lead the aircraft cabin interior market during the forecast period, in terms of market share. The Asia Pacific aircraft cabin interior market is projected to grow at the highest CAGR during the forecast period, owing to the presence of emerging aircraft manufacturers, such as COMAC China and Mitsubishi Japan, among others. Furthermore, Asia Pacific has witnessed strong growth in the air passenger traffic. The growth in air passenger traffic has resulted in the increased demand for aircraft cabin interiors, and this trend is expected to continue over the next five years.
Breakup of profile of primary participants in the aircraft cabin interior market:
By Company Type: Tier 1 30%, Tier 2 35%, and Tier 3 35%
By Designation: C Level 32%, Director Level 38%, and Others 30%
By Region: North America 27%, Europe 18%, Asia Pacific 46%, and RoW 9%
Major companies profiled in the report include Zodiac Aerospace France, United Technologies Corporation US, Astronics Corporation US, Cobham plc UK, Diehl Stiftung Co. KG Germany, Global Eagle Entertainment US, Gogo US, Honeywell International US, Panasonic Avionics US, RECARO Aircraft Seating GmbH Co. KG Germany, among others.
This research report categorizes the aircraft cabin interior market on the basis of vendor OEM, MRO, aftermarket, type seating, lighting, IFE, windows windshield, lavatory, galley, stowage bin and panel, material aluminum alloy, steel alloy, composites, others, and aircraft NBA,WBA, VLA, RTA, business jets. These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses industry analysis industry trends, market share analysis of top players, competitive leadership mapping matrix, and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and highgrowth segments in the aircraft cabin interior market; highgrowth regions; and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on aircraft cabin interior offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the aircraft cabin interior market
Market Development: Comprehensive information about lucrative markets the report analyzes the aircraft cabin interior market across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aircraft cabin interior market
Competitive Assessment: Indepth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the aircraft cabin interior market
Original Article: Aircraft Cabin Interior Market by Type Seating, IFE, Lighting, Galley, Lavatory, Windows Windshields, Stowage Bin, Panels, Vendor OEM, Aftermarket, MRO, Aircraft Type, Material and Region OEM, Aftermarket, MRO Global Forecast 2022 [Report Updated: 25102NEXT ARTICLE
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