The Global Aircraft Cabin Interiors Market is projected to grow from USD 17.6 billion in 2020 to USD 32.7 billion by 2027, at a CAGR of 13.2% from 2020 to 2027.
The aircraft cabin is a division of an aircraft where passengers are used to seat and aircraft cabin interiors are designed in order to give better ambiance and comfort to travellers during travel. The aircraft interiors include seating arrangements, entertainment, and connectivity solution etc. which aids the consumer to enjoy the travel.
A growing number of air travellers coupled with a competitive fare of flight is one of the major factors expected to drive growth of the global aircraft cabin interiors market. In addition, integration of in-flight entertainment and connectivity systems in aircraft is fuelling growth of the target market, as it aids to relaxation of the travellers. Increasing inclination of airlines industry towards customization of cabins according to changing requirements of the travellers is another factor anticipated to support growth of the target market. Long-haul flight has extended traveling duration which is expected to fuel demand for in-flight entertainment and connectivity systems for the comfort of traveller which turns in growth of the global market. Increasing flight up-gradation activities among major airline companies in order to sustain in the competitive market are thriving demand for aircraft cabin interiors which turns in growth of the target market. Ongoing developments in cabin-related technologies to fulfil expectations of passengers regarding their comfort and customization are expected to support growth of the global market over the forecast period.
However, increasing cost of fuels in emerging economies is resulting in lowering the profitability of airlines which is one of the major factors expected to hinder growth of the target market. Moreover, stringent and lengthy process for product approval is a factor anticipated to challenge the target market growth.
Among type, the in-flight entertainment & connectivity segment is anticipated to register significant growth in global market, owing to increasing demand for Wi-Fi connectivity and entertainment options which aids to revenue growth of the target market. Among aircraft type, the wide body aircraft (WBA) segment is expected to witness substantial growth, owing to increasing demand for new aircrafts in order to improve experience of passengers. Among materials, the aramid segment is expected to register considerable rate of growth over the forecast period.
North America market for aircraft cabin interiors is expected to register a significant growth rate, owing to rapid growth of the aviation industry in the region. In addition, the presence of re-known commercial aircraft manufacturers such as Bombardier (Canada) and Boeing (US) is expected to fuel demand for aircraft interiors which turns in growth of the regional market. Aircraft cabin interiors market in the Asia Pacific is anticipated to witness considerable growth, owing to the increasing number of international travelers. In addition, increasing disposable income coupled with the availability of international traveling packages at competitive prices are some factors fueling target market growth in the region. Markets in Europe and the Middle East & Africa are expected to grow at a moderate rate.
Zodiac Aerospace (France), United Technology Corporation (US), Jamco Corporation (Japan), Panasonic Avionics (U.S.), Cobham PLC (UK), Astronics Corporation (USA), Diehl Stiftung & Co. KG (Germany), Recaro Aircraft Seating (Germany), Honeywell International Inc (U.S.), and Rockwell Collins (U.S.) are a few of the competitors shaping the market.
Report : Aircraft Cabin Interiors Market - By End-User (OEM, MRO, AfterMarket), By Aircraft Type (Narrow Body Aircraft Wide Body Aircraft, Very Large Aircraft, Business Jets, Regional Transport Aircraft), By Type (Aircraft Seating, In-Flight Entertainment and Connectivity, Aircraft Cabin Lighting, Aircraft Galley, Aircraft Lavatory, Aircraft Windows & Windshields, Aircraft Stowage Bins, Aircraft Interior Panels), By Material (Alloys, Composites, Others), and By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027