Latin America Commercial Aircraft Cabin Interior Market 2020 Business Scenario – Safran SA, Honeywell International Inc., Panasonic Avionics Corporation, Collins Aerospace (Raytheon Technologies Corporation), and Diehl Aerospace GmbH.

The Latin America Commercial Aircraft Cabin Interior Market is anticipated to register a CAGR of over 3% during the forecast period.
The Latin America Commercial Aircraft Cabin Interior Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Latin America Commercial Aircraft Cabin Interior Market: Safran SA, Honeywell International Inc., Panasonic Avionics Corporation, Collins Aerospace (Raytheon Technologies Corporation), and Diehl Aerospace GmbH.

Paris, April 1, 2019: Safran showcases innovations at Aircraft Interiors Expo in Hamburg

Safran, a leading supplier of systems and equipment for aircraft interiors, will be on hand at Aircraft Interiors Expo in Hamburg from April 2 to 4, 2019. At the Group's main stand, Safran Seats is showing its large range of business, premium economy and economy class seats for single-aisle and widebody commercial jets. Safran Seats addresses the requirements of airlines, which expect greater operational efficiency, and passengers, who expect a comfortable flight. By utilizing new materials, new production technologies and more ergonomic designs, Safran Seats rises to this double challenge.

In the ECOS Cabin mock up at the main stand, Safran Cabin will showcase innovative solutions to optimize the cabin space to ensure a safe and comfortable flying experience for passengers and crew. Additionally it presents how premium cabin service can be provided with the NUVO line of galley inserts with best in class ovens and beverage makers. Also at the main stand, Safran Aerosystems will be displaying its latest offerings, such as the Revolution Toilet which offers water savings system and improves maintainability.

27 September 2017: Panasonic partners with biometrics firm for cabin services

Panasonic Avionics has formed a strategic partnership with start-up biometrics specialist Tascent to bring iris recognition technology into the airports and the passenger cabins of commercial aircraft. Earlier this year, the in-flight entertainment giant talked about interest in using biometric recognition tools to improve the passenger experience, using seat-back cameras to identify the mood and even the health of passengers in the coach cabin. If visual cues suggest a passenger is feeling dehydrated, for example, the system would cue a flight attendant to offer the passenger a bottle of water. Although that technology remains a distant goal, Panasonic formed the non-exclusive relationship with Tascent to explore more immediate routes to introducing biometric technology, Panasonic officials tell FlightGlobal. Iris recognition could be used as a tool in airport security and immigration checkpoints, for example.

Key Market Trends

- Airlines in Latin America are expanding their fleet size to cater to the growth in air passenger traffic in recent years which is expected to primarily generate demand for aircraft cabin interior parts and components.
- Also, as cabin interior forms an integral part of a passenger’s overall travel experience, few airlines are refurbishing their cabin interiors.
- However, the grounding of Boeing 737MAX and the recent outbreak of COVID-19 pandemic is expected to impact the aviation sector in Latin America and can result in the cancellation of orders for new aircraft. This effect on procurement plans of the airlines is anticipated to hamper the market growth in the coming years.

The Overview of Latin America Aviation Market

The aviation industry in Latin America has been growing at a moderate pace over the past few years. For the past three years, annual passenger traffic has witnessed a Y-o-Y growth of about 3.5%. In 2019, the Latin American passenger traffic was over 300 million wherein domestic carriers accounted for more than 288 million passengers. Several new domestic and international routes were introduced in the past two years due to the favorable government initiatives of various countries in the region. Also, the government, and airport operators, have been increasing investments towards the development of aviation infrastructure in the existing and new airports for increasing their passenger handling capacities, which is expected to propel the growth of the aviation market in the region. The socio-political instability coupled with the fluctuating economic conditions prevalent in Latin America is anticipated to hamper the growth of the regional aviation industry. The aforementioned factors are anticipated to significantly affect the procurement of new aircraft in the region, which in turn is anticipated to have a subsequent effect on the Latin America commercial aircraft cabin interior market.

Brazil had the Highest Share in 2019

Currently, Brazil has the highest share in the Latin America commercial aircraft cabin interior market. This is attributed to the increase in air passenger traffic and the increasing preference for luxury and comfort travel by the passenger in the region. The increasing demand for air travel in this region has led to the growth of the aviation industry in Brazil as the airlines are expanding their fleet of aircraft. At the start of 2019, Azul Airline, one of the prominent airlines of Brazil announced its plan to retire 15 Embraer E195 E1s and add 21 next-generation aircraft before the end of the year. On that note, in November 2019, Azul airline received its first Airbus A321neo, the first of an order of 13 aircraft. Over the years the Brazil government has realized the impact of the aviation industry on the country's GDP and has amended a few of the regulatory barriers. This includes decisions on allowing 100% foreign ownership of airlines in the country and removing the free checked baggage allowance. Such developments will allow the airlines in Brazil to offer a wider choice to passengers which can improve the air passenger traffic in and out of the country. The reintroduction of baggage allowance regulation will generate demand for more space in the cabin overhead bins of the airlines in the coming years thereby forcing the airlines to make cabin enhancements in the coming future.

Influence Of The Latin America Commercial Aircraft Cabin Interior Market Report:

-Comprehensive assessment of all opportunities and risk in the Latin America Commercial Aircraft Cabin Interior market.
- Latin America Commercial Aircraft Cabin Interior market recent innovations and major events.
-A detailed study of business strategies for growth of the Latin America Commercial Aircraft Cabin Interior market-leading players.
-Conclusive study about the growth plot of Latin America Commercial Aircraft Cabin Interior market for forthcoming years.
-In-depth understanding of Latin America Commercial Aircraft Cabin Interior market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Latin America Commercial Aircraft Cabin Interior market.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Latin America Commercial Aircraft Cabin Interior Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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