Commercial Aircraft In-seat Power System Market is projected to reach a value of $111.28 million by 2030.

According to the report published by Virtue Market Research, in 2022, the Commercial Aircraft In-seat Power System Market was valued at $67.51 million and is projected to reach a market capitalization of $111.31 million by 2030. Over the forecast period of 2023-2030, the market is estimated to grow at a CAGR of 6.45%, The Commercial Aircraft In-seat Power System Market is growing due to the increasing use of personal electronic devices by passengers and the need for airlines to provide in-flight entertainment and connectivity options.

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Commercial Aircraft In-seat Power System is the equipment and system that provide electrical power to the seats on commercial airplanes. These systems typically include power outlets and USB ports for charging personal electronic devices such as laptops, smartphones, and tablets. The power systems can be installed both in the economy and business class of commercial airlines. These systems are designed to provide passengers with the ability to work, entertain, and stay connected during flights, which is becoming increasingly important as the use of personal electronic devices becomes more prevalent. With the increasing use of personal electronic devices by passengers, there is a growing demand for in-flight entertainment and connectivity options. This is driving the market for commercial aircraft in-seat power systems as airlines look to provide power outlets and USB ports for charging devices. The number of low-cost carriers is increasing globally, which is predicted to drive the market for commercial aircraft in-seat power systems. Low-cost carriers are increasingly looking to offer in-flight entertainment and connectivity options to attract passengers, which is creating a demand for these systems. Some commercial aircraft in-seat power systems now offer wireless charging options, which allow passengers to charge their devices without the need for cables or connectors.

The COVID-19 pandemic has had a significant impact on the commercial aircraft in-seat power system market. The travel restrictions and decrease in air travel due to the pandemic have led to a decline in demand for these systems. Airlines have had to cut costs and reduce spending on non-essential items, which has led to a decrease in demand for in-seat power systems. Additionally, many airlines have had to park or retire their aircraft, further reducing the demand for these systems. However, as the world is recovering from the pandemic, the travel industry is likely to recover in the coming years, and the market for commercial aircraft in-seat power systems is also predicted to recover. As the demand for air travel increases, airlines will likely invest in these systems to provide a better experience for passengers and stay competitive in the market. The COVID-19 pandemic has also accelerated the trend of contactless technology and sanitization, which could create opportunities for the in-seat power systems providers to introduce contactless solutions, such as wireless charging, to avoid cross-contamination, driving the market growth. As the focus on energy efficiency is increasing globally, commercial aircraft in-seat power system providers are developing and promoting energy-efficient systems to meet the growing demand for energy-efficient systems.

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Segmentation Analysis:
The Commercial Aircraft In-seat Power System Market includes:

By End User:
• Economy Class
• Business Class
• Premium Economy Class
• First Class

The economy class segment accounts for the largest share of the market as airlines are increasingly providing in-seat power systems in economy class to attract passengers and offer them the ability to charge their devices during flights. The business class segment is anticipated to grow at a significant rate during the forecast period as airlines are increasingly looking to provide in-seat power systems in business class to attract business travellers and offer them a better in-flight experience. The premium economy class segment is also likely to grow at a significant rate during the forecast period as airlines are increasingly offering the premium economy class as an option for passengers who want more comfort than economy class but do not want to pay for the higher price of business class. The first class segment is estimated to grow at a moderate rate during the forecast period as the in-seat power systems are already standard features in the first class. Overall, the market for commercial aircraft in-seat power systems is estimated to grow in all segments, as airlines are looking to offer in-flight entertainment and connectivity options to attract passengers and stay competitive in the market.

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By Region:

North America is anticipated to hold the largest share of the market due to the presence of major players in the region and the high demand for in-flight entertainment and connectivity options among passengers. The region has a large number of commercial aircraft in operation and a high number of operational flights which drives the demand for in-seat power systems. Europe is predicted to be the second-largest market for commercial aircraft in-seat power systems, owing to the presence of a huge number of commercial aircraft and a high demand for in-flight entertainment among passengers. Asia Pacific is anticipated to be the fastest-growing market for commercial aircraft in-seat power systems, due to the rising number of commercial aircrafts in operation in the region. The region also has a large population and a growing middle-class populace which is driving the travel industry in the region. The Middle East, Africa, and Latin America is projected to be a moderate market for commercial aircraft in-seat power systems, due to the presence of a significant number of commercial aircraft in operation, especially in the Middle East, and rising demand for in-flight entertainment and connectivity options among passengers.

Latest Industry Developments:
• In May 2020, Zodiac Aerospace, a French aerospace company, merged with Safran, a French multinational aircraft engine and aerospace component manufacturer, to create Safran Aerospace Composites. This merger aimed to create a global leader in the aerospace industry, including in-seat power systems.
• In September 2021, Honeywell Aerospace, a division of Honeywell International, announced the acquisition of Esterline Technologies, a global provider of aircraft and industrial controls, including in-seat power systems, to expand its capabilities in the aerospace industry.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.