Aircraft Cabin Upgrades Market Worth US$ 8,926.2 million in 2023

Stratview Research announces the launch of a new research report on Aircraft Cabin Upgrades Market. This 233-page extensive report from Stratview Research, studies the aircraft cabin upgrades market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Aircraft Cabin Upgrades Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Commercial aircraft will remain the growth engine of the market.
● by Application Type (Cabin Connectivity, Painting, and Others) – Interior modification remains the most dominant application.
● by End-user Type (Passenger Airlines, Freighter Companies, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aircraft Cabin Upgrades Market Insights
The prospects of aircraft cabin upgrades market seem attractive and offer favorable growth opportunities for the market stakeholders in the foreseen future. The aircraft cabin upgrades market is projected to grow at a healthy rate over the next five years to reach US$ 8,926.2 million in 2023. There are several factors collectively driving the demand for cabin upgrades in the aircraft industry.
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Introduction of advanced aircraft is the biggest growth driver of the aircraft cabin upgrades market. The latest fuel-efficient variants, such as A320neo, B777x, and B737 Max, have an exceptional interior with an excellent use of space to squeeze the number of seats. This is compelling airlines and leasing companies to upgrade their existing aircraft fleet to provide a uniform feel and to maintain the brand image across their fleet.
Another factor driving the growth of aircraft cabin upgrades is advancement in products/technologies. Aircraft OEMs are introducing upgraded products/technologies in order to provide maximum comfort to the passengers. Large overhead bins, new connectivity systems, and compact slim seats are some of the noticeable advancements in the market. Airlines and leasing companies are increasingly preferring these advancements and are incorporating these in their existing aircraft fleet. For instance; both, Boeing and Airbus, have introduced large overhead bins for their B737 max and A320neo, respectively.
Another trend positively impacting the growth of the market is a shift from first-class seats to business-class. Airlines are preferably opting business-class seats by replacing the first-class seats. As per estimations, there has been more than 50% reduction in the number of first-class seats in wide-body aircraft over the past decade. However, they are taking the comfort of first-class seats to the next level by providing complete privacy, full bed, and full-height enclosures.
Similarly, as per the requirements of airlines, seat manufacturers are developing slim economy seats using composite materials in the seat frames and thinner upholstery in order to squeeze more seats per row. Airlines are also narrowing seat pitch and space for knee and shin clearance. This helps them to generate more revenue, thus driving higher profit margins. Airlines have also introduced another seating class, premium-economy class, with relatively smaller number of seats than economy-class at a higher fare. This encourages passengers to pay more for premium-economy seats to get the additional room.
Apart from modifications of aircraft cabin interiors, in-flight connectivity is another major growth trend. There have been significant advancements in in-flight connectivity over the decades, such as increasing use of satellite services with the purpose to provide internet service at a higher speed at lower cost. Airlines are adopting such technologies in order to enhance the customers’ overall experience.
Also, commercial aircraft fleet size is expected to reach 46.0 thousand units in 2037, leading to a substantial demand for cabin upgrades to meet the industry standards and deliver a unique customer solution. These factors will provide significant growth opportunities to the industry players to tap the growing need for cabin upgrades in the coming years. First- and business-class cabins are more frequently refurbished as compared to economy class. In general cases, first- and business-class cabins are refurbished in 5 to 7 years, whereas economy-class cabins are refurbished in 8 to 10 years.
The aircraft cabin upgrades market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, General Aviation, and Military Aircraft. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing cabin upgrades of A320 and B737, introduction of next-generation aircraft including B787 and A350XWB, and market entry of new players, such as COMAC and Irkut are the major factors that are proliferating the growth of cabin upgrades in the market.
Among commercial aircraft types, narrow-body aircraft is likely to generate a healthy demand for cabin upgrades in the foreseeable future as airlines and leasing companies are increasingly upgrading aircraft interiors as per the latest A320neo and B737 max cabins to provide the uniform feel and to maintain the brand image across the aircraft fleet. Also, some of the companies are converting passenger aircraft to freight aircraft. This further substantiates the demand for cabin upgrades.
Wide-body aircraft is likely to remain the largest demand generator of cabin upgrades in the same period, driven by the introduction of next-generation aircraft, such as B787 and 350XWB and upcoming fuel-efficient variants, such as A330neo and B777x. The most expected upgrade of A330 and B777 to provide a similar feel as that of upcoming variants of A330neo and B777x and high demand for cabin system upgrades including connectivity will drive the segment’s growth in the coming five years.
Based on the application type, interior modification is likely to remain the most dominant segment of the aircraft cabin upgrades market during the next five years, driven by commercial aircraft. Airlines and leasing companies are increasingly opting for cabin interior modifications of their existing aircraft fleet of A320, B737, A330, and B777 in order to provide a similar feel to fuel-efficient variants of A320neo, B737 max, A330neo, and B777x, respectively, to the customers. Also, a shift from first-class to business-class and introduction of premium economy class are further elevating the demand for cabin interior modifications. Avionics segment is likely to witness the highest growth in the same period, driven by advancements in technology.
Based on regions, North America is projected to remain the largest market during the forecast period, driven by large aircraft fleet size and presence of major OEM and tier players in the region. The USA is the growth engine of the region’s market, owing to its early adoption of new technologies; presence of major aircraft OEMs including Boeing, Airbus, Cessna, and Gulfstream; and aging commercial aircraft fleet.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
The supply chain of this market comprises raw material suppliers, cabin upgrade component manufacturers, cabin upgrade service provider, MRO companies, aircraft OEMs, airlines, and leasing companies. Some of the major cabin upgrades companies are AAR Corp, Air France Industries and KLM Engineering & Maintenance, Boeing Global Services, Diehl Aviation Laupheim GmbH, Jet Aviation AG, Lufthansa Technik AG, SR Technics, and Singapore Technologies Engineering Ltd (ST Engineering).
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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