Aircraft Cabin Upgrades Market estimated to reach US$ 8,926.2 million in the forecast period (2018-2023)

The report on the Aircraft Cabin Upgrades Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Cabin Upgrades Market is expected to reach US$ 8,926.2 million by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
● 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.

Table Of Contents: https://www.stratviewresearch.com/toc/359/Aircraft-Cabin-Upgrades-Market.html

Highlights of the Report:
The global 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 global 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.

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Key Players of the Market
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).

Features of the Report
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. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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