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Aerospace Interior Market in Interior panels Segment is Expected to Showcase Considerable Growth By 2025

Author : Ronak Bora | Published Date : 2019-05-23 

Global Aerospace Interior Market report 2025 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.

Based on application, aerospace interior market share is segmented as stowage bins, inflight entertainment, lavatories, interior panels and others. Interior panels will account for a significant share in the overall market share. This can be attributed to the increasing usage of panels for flooring, ceiling, along with cargo floors. Additionally, the usage of a wide range of adhesives and bonding materials along with the usage of light weight and highly durable materials for panel construction further expands the segment size over the study timeframe.

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The increasing ageing aircraft fleet along with rising focus of airline operators to enhance air travel and attract a wide range of passengers are providing a positive outlook for the aerospace interior market expansion. Additionally, growing adoption of lower weight and high strength materials for producing aircraft interiors further accentuates the market demand globally.

Europe aerospace interior market share will witness significant gains owing to the increasing preference of airliners to upgrade their existing aircrafts with technologically advanced components and equipment for improving the overall flight experience. For instance, in October 2018, Rockwell Collins entered into a strategic partnership with Atlantic Aviation Group for carrying out the modernization programs for its 757 and 767 aircrafts. Additionally, the program also includes the replacement of existing aircraft screens with large display systems (LDS).

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OEM’s are continuously investing in developing advanced aircraft interiors for reducing fatigue and enhancing the overall in-flight experience. The increasing preference for enhancing the premium class cabins with the incorporation of a wide range of premium facilities including lie-flat beds, personal cabin space, ability to hold laptops and personal equipment further accentuates the aerospace interior market share.

The aerospace interior market based on resin is segmented into acrylic resin, epoxy resin, polyurethane resin, cyanoacrylate resin, and others. The epoxy resin will showcase considerable growth over the study timeframe. This can be credited to the superior mechanical properties offered including voltage resistance, enhanced water absorption, and high impact strength. The ability of the resin to perform efficiently across a wide temperature range along with superior water resistance further expands the segment size.

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Based on aircraft, the aerospace interior market is segmented into commercial aircraft, regional jet, private jet, military aircraft, and helicopters. Commercial aircraft will account for a considerable share over the projected timeframe. This can be attributed to the increasing preference of air travelling passengers to opt for premium and high-quality flight experience. Additionally, the incorporation of high-end in-flight entertainment devices for enhancing the air passenger in-flight travel further accentuates the segment share.

Few of the major players in the aerospace interior market share include Huntsman Corporation, 3M, Henkel AG & CO, KGaA, Arkema S.A, Delo Industries, Solvay S.A, Avery Dennison Corporation, and Hexcel Corporation. Industry players are engaged in strategic acquisitions and partnerships for expanding their market share. For instance, in March 2018, Lantal acquired Airline Services Interiors for complementing its product portfolio with a wide range of high quality and customized aircraft cabin interior solutions.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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