What’s driving the Aircraft Seating Market Size? | Key Players Are Lufthansa Technik, Mirus Aircraft Seating, Stelia Aerospace, Recaro Aircraft Seating, Geven, JAMCO, Safran, and Collins Aerospace

With air passenger traffic surging at an exceptional pace by the day, aircraft seating market is most likely to register impressive growth trends in the forthcoming years. As comfort and luxury take precedence for the masses, airliners are working to improve air travel experience with comfortable and economic aircraft seats. Airline companies are now considering the ergonomics of cabin furnishings for customer comfort, while investing in technology upgrades, aircraft components and MRO, which would undeniably help augment the commercialization graph of aircraft seating industry.

Increasing aircraft deliveries owing to rising air passenger traffic across the globe coupled with growing business travel activities are driving the aircraft seating market demand. The airlines are demanding advanced seating solutions with optimum usage of space, cost effective maintenance, along with highly durable and flexible design. Additionally, the proliferation of low-cost carriers is enabling aircraft manufacturers to optimize their plane design for incorporating maximum seats for accommodating higher passengers to improve operational efficiency.

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3 Aircraft Seating Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. Cost structure analysis

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As a matter of fact, estimates claim that the economy class dominated aircraft seating market in 2018 on account of the requirement for a larger number of seats in airlines in order to accommodate the ever-expanding pool of passengers. These seats also come with features such as magnetic meal tray, automatic control of seat temperature, and extended headrest wings. Driven by the availability of a large number of flight routes, low air fares, and the need to ensure enhanced travel experience, aircraft seating industry is likely to accrue substantial proceeds from the economy class.

Elaborating yet another instance depicting the intensity of the competitive scenario in the aircraft seating market, earlier this year, Mirus Aircraft Seating collaborated with TUI Group to retrofit a number of Hawk seats in several airplanes operated by TUI Group in the Netherlands, the U.K. and Belgium. The Hawk seats by Mirus for TUI have been optimized for flights of up to 12 hours. The prevalence of collaborations such as the aforementioned is certain to add impetus to the growth graph of the overall aircraft seating industry.

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Bringing about highly innovations has emerged to be a key growth strategy for industry contenders. Say for example, recently, Safran Seats unveiled Versa, a new generation of high-end business class seats at the Aircraft Interiors Exhibition. These newly designed seats offer space and weight optimization and can address an extensive range of airlines requirements efficiently. These are also equipped with wireless charging and audio, wider screens, new control systems, advanced lighting etc. It thus goes without saying that the demand for innovative, customized, and highly comfortable seats will drive the revenue graph of the global aircraft seating market.

It is being speculated that collaborations and bringing about novel products are bound to remain the go-to tactics for market players. Most of the leading industry participants are continuously making efforts to bring about advancements in existing seat designs to ensure customer comfort, which would eventually drive aircraft seating market. As per estimates, the global aircraft seating industry size may exceed $18 billion by the year 2025.

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