Press release
Aircraft Cabin Interior Market is estimated to grow at a CAGR of 11.26% during the period 2017-2024, According to Research Nester
Aircraft cabin interior consists of several components which provide the aircraft cabin with pertinent aesthetic and structural glimpse. The interior of the aircraft cabin is assembled in such a way so that the passengers can travel with convenience and feel comfortable throughout their journey.Global aircraft cabin interior market is expected to witness a lucrative growth in near future owing to rise in air traffic across the globe and growing trend of in-flight entertainment. In, addition to this, product innovation and increase in number of aircrafts are likely to grow need of refurbishment and maintenance in order to provide better services to the passengers.
Market size and forecast
The global aircraft cabin interior market is predicted to expand significantly at a CAGR of 11.26% over the forecast period i.e. 2016-2023. Moreover, the market of aircraft cabin interior accounted for USD 15.52 Billion in 2015 and is further estimated to garner USD 28.12 Billion by 2023. The demand for in-flight entertainment systems are predicted to witness a significant growth in near future, owing technologically advancement in aircraft interiors and modification of cabin components. The seats segment is predicted to account for highest share of 27.5% of the overall market of aircraft cabin interiors over the forecast period.
North America accounted the highest market share of 45% in terms of revenue in overall market of aircraft cabin interior across the globe. North America region is expected to continue its dominance over the forecast period i.e. 2016-2023 due to increasing air traffic and sales of commercial jet across the region. On the other hand, Asia-Pacific is expected to be the second largest share contributor across the globe in the market of aircraft cabin interior due to presence of emerging nations such as India, China, etc., rising adoption advanced technology and positive increase in GDP figure.
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Rapid growth in urbanization and increasing globalization are estimated to attract more passengers for flight journeys in order to save time, availability of striking and durable interiors for aircraft cabin are some of the aspects which are likely to throw a positive impact on the growth of aircraft cabin interior market in near future. Moreover, adoption of modern and customized cabin interiors by airline companies for the convenience of passengers is predicted to get more demands from across the globe during the forecast period i.e. 2016-2023.
Market Segmentation
Our in-depth analysis segmented the global aircraft cabin interior market in the following segments:
By Product
Flooring
Sidewalls/Liners
Carts
Overhead Bins
Seats
Lavatory
Monuments
Juicers
Windows
Windshields
Others
By Application
Seating System
Galley
Cabin & Structure
Equipment and System
In-flight Entertainment Systems
By Aircraft Type
Narrow Body Aircraft
Wide Body Aircraft
Large Body Aircraft
By Cabin Class
First Class
Business Class
Economy Class
Others
Glass Door Merchandisers
Others
By Fit
In-line fit
Retro fit
By End-User
Commercial Aircraft
Cargo Aircraft
Business Aircraft
By Region
Global Aircraft Cabin Interior Market is further classified on the basis of region as follows:
North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis
Growth Drivers and challenges
Rising concern towards interior maintenance of aircraft cabins, availability of customized and modern interior components, introduction of technologically advanced interior components with internet enabled services and rising need for in-flight entertainment from passengers end are some of the key elements which expected to fuel the growth of market of aircraft cabin interior in near future.
In addition to this, factors such as intensification of air traffic, growing economies across the globe due to globalization, periodic refurbishment of interiors in order to keep the aircraft interior attractive and comfortable as well as increasing numbers of long journeys by aircrafts expected to prompt the demand for aircraft cabin interior over the forecast period i.e. 2016-2023.
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However, high cost of customized aircraft cabin interiors which in results increase the cost of travelling, presence of poor quality of equipment, decline in sales of commercial jets owing to increase in fuel prices are some of the factors likely to hinder the market of aircraft cabin interior market across the globe.
Key Players
The key players of aircraft cabin interior market are as follows:
B/E Aerospace, Inc.
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
United Technologies Corporation
Aviointeriors S.P.A.
Panasonic Avionics Corporation
Turkish Cabin Interior Inc.
HAECO Group
C&D Zodiac
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Aircraft Cabin Interior Market is segmented as follows:
By Product type Market Size and Y-O-Y Growth Analysis
By Application type Market Size and Y-O-Y Growth Analysis
By Aircraft type Market Size and Y-O-Y Growth Analysis
By Cabin Class type Market Size and Y-O-Y Growth Analysis
By Fit type Market Size and Y-O-Y Growth Analysis
By End-user Market Size and Y-O-Y Growth Analysis
By Regions
North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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