DUBLIN–(BUSINESS WIRE)–The “Commercial Aircraft Cabin Interior Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The commercial aircraft cabin interior market is projected to grow with a CAGR of more than 6% during the forecast period, (2021 – 2026).
- Safran SA
- Collins Aerospace (Raytheon Technologies Corporation)
- RECARO Holding GmbH
- Thales Group
- Thompson Aero Seating Ltd
- Geven SpA
- Honeywell International Inc.
- Panasonic Corporation
- Diehl Aerospace GmbH
- JAMCO Corporation
- Triumph Group Inc.
- EnCore (The Boeing Company)
Key Market Trends
Aircraft Seats Segment Held the Largest Market Share in 2020
In segmentation by product type, the aircraft seats segment held the largest market share in 2020. The recovery in the aircraft deliveries is expected to support the growth of the seat line fits in the coming years. Aircraft seat manufacturers are also collaborating with aircraft OEMs to develop innovative seating modules.
In April 2021, Airbus announced the introduction of Airspace design on narrow-body aircraft that offers a higher level of passenger comfort featuring full-flat business seats and wider economy seats comparable to its wide-body cabin products. The new cabin design are first installed onboard Airbus A321LR aircraft delivered to JetBlue in April 2021. The new design includes VantageSOLO seats, which are described as fully flatbed developed and designed specifically for single-aisle aircraft.
On the other hand, airlines are also focusing on cabin modernization programs, including retrofitting the cabins with better seats to provide the passengers with comfort and luxury, to enhance their passenger experience. Major airlines like Emirates, American Airlines, Singapore Airlines, All Nippon Airways, Aeroflot, and Qantas Airways are some of the airlines that have recently retrofitted or have given contracts to retrofit the seat modifications on board some of their fleets.
In August 2021, Aeroflot unveiled its first long-range Boeing 777 aircraft with retrofitted cabin. The cabin is configured with 28 Super Diamond NG seats with sliding doors in Business class, 24 seats in the Comfort class and 375 seats in the Economy class. All these seats include high-quality jacquard upholstery. The airline plans to operate the retrofitted Boeing 777 on all popular international and domestic routes. By end of 2021, Aeroflot plans to refurbish the cabin interior on two more aircraft. Such developments are expected to drive the growth of the segment during the forecast period.
Asia-Pacific to Grow with the Highest CAGR During the Forecast Period
Asia-Pacific is expected to be the major market for the commercial aircraft cabin interiors during the forecast period, due to the growing demand for commercial aircraft from the region. Though the recovery of international passenger traffic in the Asia-Pacific continues to lag the rest of the world due to strict border restrictions, a stronger domestic recovery is anticipated to help the commercial aviation sector in the region. Even during the year 2020, over a quarter of all deliveries of Airbus went to the Asia-Pacific region, signifying a better recovery of the market from the region.
During the forecast period, the demand from the LCCs is expected to drive the orders for new commercial aircraft in the region. With a strong domestic market, airlines in China have started to achieve cash breakeven. As a result, Chinese airlines are expected to take deliveries of new aircraft and invest in cabin interior modernization in the coming years. In August 2021, Cathay Pacific Airways has introduced new full cabin 4K ultra-high-definition in-flight entertainment (IFE) screens across its new fleet of Airbus A321neo aircraft, to enhance the passenger experience.
On the other hand, the passenger traffic in India is also expected to recover fast, driven by the huge domestic demand. As of September 2021, airlines in India are operating domestic flights at around 85% of their pre-COVID levels. The Indian low-cost carrier IndiGo took delivery of 44 aircraft in 2020, only two less than that of 2019. Similarly, the aviation industries in other countries in the region are also expected to recover due to a large domestic demand, thereby propelling the growth of the commercial market in Asia-Pacific in the years to come.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION (Market Size by Value – USD billion)
5.1 Product Type
5.1.2 Cabin Lighting
5.1.3 In-flight Entertainment and Connectivity Systems
5.1.5 Galley and Lavatories
5.1.6 Other Product Types
5.2.1 First Class
5.2.2 Business Class
5.2.3 Economy and Premium Economy Class
5.3.1 Line Fit
5.3.2 Retro Fit
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/5qh9rx
Laura Wood, Senior Press Manager
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