The global aircraft cabin interior market is anticipated to attain a valuation of USD 20.7 billion in 2023 and is estimated to reach USD 37.6 billion by 2033, and is likely to increase at a CAGR of 6.1% during the forecast period.
In recent years, there has been a significant increase in long-haul flights, which are characterized by non-stop air travel lasting over seven hours. This trend can be attributed to the extended traveling range of aircraft, resulting in shorter travel times and fewer transit complications. However, long-haul flights can pose challenges for passengers, including fatigue, restlessness, jet lag, and overall discomfort. To address these issues, airline carriers are prioritizing passenger comfort, leading to a growing adoption of comfortable, customizable, and technologically advanced cabin interior systems.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-187
The landscape of global air transport has been transformed by the emergence of low-cost airlines, as reported by the International Civil Aviation Organization (ICAO). In 2018 alone, low-cost carriers were responsible for transporting an estimated 1.3 billion passengers. This shift has created a surge in demand for aircraft interior refurbishment and space optimization, particularly from low-cost carriers and regional airlines.
As per the Boeing Commercial Market Outlook and Airbus Market Forecast of 2019, there is a strong anticipation of a substantial rise in global air travel demand in the next decade. This growth is expected to be supported by the entrance of approximately 200 million individuals into the middle-class category worldwide. Consequently, the market for cabin interiors is projected to expand, benefiting from this increased demand.
Key Takeaways
- United States aircraft cabin interior market is expected to grow with a CAGR of 6.1% during the forecast period.
- The demand for aircraft cabin interior in Russia is expected to grow with a CAGR of 5.9% during the forecast period.
- By distribution channel, the aftermarket segment is projected to grow with a CAGR of 6.8% during the forecast period.
- The market in China is expected to grow with a significant CAGR of 6.5% throughout the forecast period.
“A shift from conventional systems to more soothing and comfortable interior products in long-haul flights is expected to drive market growth during the forecast period,” comments an FMI analyst.
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/187
Competitive Landscape
The market for aircraft cabin interior is highly competitive, with numerous prominent industry players making substantial investments in their production.
The key industry players are United Technologies Corporation, Zodiac Aerospace S.A., HAECO Group, Diehl Stiftung & Co. KG, Aviointeriors S.p.A., Geven S.p.A., Bucher Group, Panasonic Avionics Corporation, Turkish Cabin Interior Inc., SCI Cabin Interiors, Factorydesign and Honeywell International, Inc.
Some recent developments in the market are:
- In July 2021, HAECO Cabin Solutions and Diehl Aviation joined forces through a strategic commercial agreement. This partnership enables them to offer a comprehensive range of aircraft interior components seamlessly.
- Collins Aerospace introduced an enhanced appearance for its Venue Cabin Management System in May 2021. The revamped graphical user interface (GUI) of Venue offers a streamlined and intuitive cabin control experience, maintaining a consistent look across the cabin’s touch panels and the system’s mobile device app.
- Diehl Aerospace has obtained a contract extension from Boeing in February 2021 to supply the interior lighting system for the Boeing 787 Dreamliner. The current contract, originally set to end by the close of 2022, has been extended into the next decade through a mutual agreement. This extension reinforces Diehl Aerospace’s commitment to providing top-notch interior lighting solutions for the 787 Dreamliner and solidifies their partnership with Boeing.
- Collins Aerospace introduced its cutting-edge Hypergamut™ Lighting System in June 2022. This innovative lighting solution is set to be operational by early 2024, promising enhanced capabilities and an exceptional lighting experience for various applications.
Key Segments Profiled in the Aircraft cabin interior Market Industry Survey
By Product Type:
- Sidewalls/Liners
- Carts
- Overhead Bins
- Seats
- Lavatory
- Monuments
- Windows
- Lights
- IFEC
- Flooring
By Aircraft Type:
- Narrow Body Aircrafts
- Wide Body Aircrafts
- Large Body Aircrafts
By Application:
- Seating System
- Gallery
- Cabin & Structure
- Equipment & System
By Distribution Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore Wide-ranging Coverage of Future Market Insights Automotive Landscape:
Hydrostatic Transmission Market Size revenue could surpass US$ 5.61 billion by 2033, exhibiting a CAGR of 5.1%.
EV Transmission System Market Demand Is currently valued at US$ 8799.9 million in 2023. By 2033, demand for EV transmission systems is expected to reach a high of US$ 45282.3 million.
Automotive Cylinder Liner Market Growth will expand at a CAGR of 5.46% between 2023 and 2033, totaling around US$ 8,322.1 million by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube