Global Aircraft Seating Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Aircraft Seating Market presented a growth of USD 6.94 billion in 2021 and is expected to reach USD 7.19 billion in 2022 and is expected to touch USD 9.25 billion by the end of 2030, growing at a compound annual growth rate of 4.19%. The increasing demand for advanced seating facilities in the aircraft industry has helped the aircraft seating market record considerable revenue.

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The Aircraft Seating Market: Overview

The seating facilities provided by the aircraft market are the essential feature that has to be taken care of for attracting potential consumers as it affects the entire traveling experience of the consumer.

The significant number of people who travel by aircraft worldwide has boosted the demand for advanced seating options in the market. In addition, the pandemic outbreak considerably affected the aircraft seating market, which experienced a tremendous boost.

The Aircraft Seating Market: Growth Factors

The significant number of people who travel by aircraft regularly is helping the market record considerable revenue over time. In addition, commercial and business aircraft demand advanced seating options that provide a premium experience to potential consumers, which is expected to be a growth factor for the market.

The use of 16G and 21G models in the seating options of aircraft has attracted potential consumers through the extreme comfort and premium experience. The key market players have used premium materials to manufacture the seats, making them highly comfortable for the passengers, and hence it experiences a tremendous demand from the market.

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The Aircraft Seating Market: Key Insights

A) As per the analysis shared by our research analyst, the Aircraft Seating market is estimated to grow annually at a CAGR of around 4.19% over the forecast period (2022-2030).
B) In terms of revenue, the Aircraft Seating market was valued at around USD 6.94 Billion in 2021 and is projected to reach USD 9.25 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) The increasing fuel prices have been a major restraining factor for the growth of the aviation industry. The profits from the aviation industry are not huge; hence, the market suffers a tremendous loss. The absence of advanced infrastructure and aircraft design is another restraining factor to the market's growth.
D) The increasing demand for aviation facilities among developing countries has emerged as a significant opportunity for the aircraft seating market, which is expected to increase in the future. The considerable number of people opting for travel by aircraft has emerged as a significant growth factor for the market.
E) The aviation industry has to face challenges as far as profit and the economy are concerned. In addition, the rules and regulations imposed by the government through taxes have challenged the market's growth to a great extent.

The Aircraft Seating Market: Regional Landscape

The region of North America has emerged as the leading market segment of the recent advancements in the technology field, which has experienced a massive demand from potential consumers. The major manufacturers of the aircraft seating market in this region have also emerged as a significant growth factor, helping the need to record considerable revenue over the period. Advanced seating options, which have been introduced into the market of North America, have helped the manufacturers register significant income over time.

Press Release For Aircraft Seating Market: https://www.custommarketinsights.com/press-releases/aircraft-seating-market-size/

Europe has also emerged as one of the largest markets for advanced seating options in the aircraft segment, which has boosted the economy considerably. Potential consumers have demanded structurally advanced seating positions for their high shock-absorbing features.

In addition, potential consumers require modern designs in this region, contributing to the market's growth. A higher CAGR in the Asia Pacific region has been expected about the increasing demand for modern facilities. In addition, the rising disposable income among people is helping them to opt for the aviation industry for traveling, which is helping to boost the market for aircraft seating to a great extent.

The Aircraft Seating Market: Key Players

Aviointeriors S.p.A.
Geven S.p.a.
Acro Aircraft Seating Ltd
Airbus S.A.S.
Jamco Corporation
Raytheon Technologies Corporation
Swire Pacific Limited
The Aviation Industry Corporation of China, Ltd.
Recaro Aircraft Seating GmbH & CO. KG
Safran

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The Aircraft Seating Market: Segments

By Aircraft Type

Regional aircraft
Commercial aircraft
Business jets
Transport aircraft

By Class

Premium economy class
Economic class
First class
Business class

By Seat Type

16G seats
9G seats
21G seats

By Component

Structure
Actuators
Forms
Electrical fittings
Others

By End User

Aftermarket
OEM

The Aircraft Seating Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This release was published on openPR.