Commercial Aircraft Cabin Interior Market 2018-2023 Global Industry Professional Key Players Survey | Utc Aerospace Systems, Honeywell, St Aerospace, Zodiac Aerospace

Market Dynamics:

The major market drivers include the worldwide emphasis on travelers’ comfort and increasing air passengers. Demand would depend on passenger travel to a large extent; increment in traveler numbers would further increase the demand for commercial aircraft and cabin seats. Innovations in the form of modular cabins and windows doubling up as a touchscreen, to project information about the flight, are also coming up. Inflight entertainment systems are expected to see the highest growth rate, as the highly competitive airline industry would require existing aircraft to be retrofitted with improved passenger facilities. North America controls a majority of the commercial jet business. Asia-Pacific, led by India and China, is expected to be a fast-growing region in the cabin interior segment, until 2023.

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The global jet market is witnessing a high demand growth, however, sales of commercial jets that represent the biggest chunk of the market are limited, due to the supply crunch. Airbus generated a backlog of 6,787 aircraft, which represents almost 10 years’ worth of production. Even Boeing, which has fallen behind Airbus regarding orders bagged, has accumulated a backlog of more than 4,000 planes, of which 75% are the upcoming 737 MAX airplanes. This factor is expected to limit the growth of the cabin interior market, as the number of new airplanes entering the market is expected to accelerate at a slow rate, during 2018-2023 (the forecast period). Thus, the seats for the economy class segment are anticipated to witness higher sales and growth, during 2018-2023 (the forecast period). Complexity in retrofitting the aircraft interiors is expected to be a restraint for the market.

Key Developments

• Rockwell Collins planned to integrate B/E aerospace’s business segment with a low-risk plan.
• Safran offered to acquire, cabin interior and seat manufacturer, Zodiac Aerospace at a reduced price per share worth USD 28.

KEY PLAYERS

UTC AEROSPACE SYSTEMS, HONEYWELL, ST AEROSPACE, ZODIAC AEROSPACE et al.

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Market Segmentation:
Product Type:
• seats
• passenger instrument cluster
• inflight entertainment systems
• cabin lighting
• others
Class Type:
• First Class
• Business Class
• Economy and Premium Economy Class
Fit Type:
• Line Fit
• Retro Fit
Geography:
• North America (United States, Canada, Mexico, and others)
• Europe (Germany, United Kingdom, France, Spain, Russia, Italy, and others)
• Asia-Pacific (China, Japan, India, Australia, and others)
• South America (Brazil, Argentina, and others)
• The Middle East & Africa (Dubai, Saudi Arabia, Egypt, South Africa, and others)

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This release was published on openPR.