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Aircraft Cabin Interior Market to Witness Exponential Growth – An Overview

Author : Ronak Bora | Published Date : 2019-06-07 

The Aircraft Cabin Interior Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

North America will account for the maximum share in aircraft cabin interior market. This can be credited to the presence of major aircraft manufacturers including Boeing, Lockheed Martin, and Airbus among others focusing on developing advanced and light weight aircrafts. Moreover, rising air passenger travel across the region along with improving tourism sector are further supporting the regional share over the study timeframe. For instance, according to the IATA, the U.S. will account for around 481 million new passengers by 2037.

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Aircraft Cabin Interior Market is poised to secure a healthy growth rate in the coming years due to increasing demand for low cost carriers offering expanded routes networks across long distance at lower fares. Rising aircraft production on account of improving air passenger travel and proliferating tourism industry are further expected to positively influence the industry share.

Rising focus of aircraft manufacturers to improve the passenger in-flight experience along with increasing incorporation of advanced entertainment facilities are expanding the aircraft cabin interior market. Moreover, aircraft manufactures are continuously focusing on utilizing the maximum space possible on an aircraft to accommodate maximum seats for supporting the rising air travel demand.

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Industry participants are continuously investing in R&D for developing aircraft cabin interior with lower weight, and superior strength properties. For instance, in April 2014, SCHOTT showcased its advanced Xensation cover glass laminate, that is used in interior sidewall window panes in passenger aircrafts. Moreover, the product offers superior mechanical reliability along with improved fire protection capabilities, thereby positively influencing the aircraft cabin interior market share.

Based on aircraft, the aircraft cabin interior market is classified into commercial aircraft, military aircraft, regional aircraft, and helicopters. Commercial aircraft will exhibit significant growth over the projected timeframe. This can be credited to the rising air passenger traffic globally. Moreover, the airliners are focusing on improving in-flight experience by incorporating high-end and luxurious features in their aircrafts, thereby expanding the market size.

Based on distribution channel, the aircraft cabin interior market share can be classified into OEM and aftermarket. The growth in the aftermarket segment can be credited to the increasing requirements for maintaining and servicing of aircraft interiors for maintaining airworthiness. Moreover, the requirement for replacements owing to damages and cracks due to continuous usage, further supports the segment share expansion over the study timeframe.

Based on product, the aircraft cabin interior market share is categorized into windows, seating, lavatories, and stowage bins. The growth in the stowage bins can be attributed to the increasing requirement for storing luggage and bags during flight journey. Aircraft manufactures are focusing on developing lower weight and highly durable bins with a focus on maintaining its rigidity over long distances. Moreover, the advanced locking mechanism allows for the luggage to remain in place during the entire flight journey, thereby expanding the segment share over the projected timeframe.

Few players operating in the aircraft cabin interior market share include United Technologies Corporation, Zodiac Aerospace, Cobham Plc, Panasonic Avionics Corporation, Diehl Stiftung & Co. KG, and Honeywell International (US). Industry players are engaged in gaining long term contracts and agreements from airliners to improve their market share

About Global Market Insights:

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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