Press release
Taking Flight in Comfort: The Dynamic Aircraft Seats Market for Safe and Luxurious Air Travel
Aircraft Seats Market
Significant reasons driving the growth of the aircraft seats market include increasing international trade agreements, rising business travel, expansion of maintenance & retrofitting of existing aircraft across the world, and IFEC innovation in aircraft seats. Growing investments in urban air mobility, development of large-scale retrofit projects, and increased attention toward passenger comfort are other key factors that will influence the global aircraft seats market over the coming years.
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Some developing nations, including China, India, Brazil, and the ASEAN region, plan to increase their networks of narrow aircraft to boost regional economic development. Additionally, the population of these countries is rapidly increasing, which is driving their aircraft seat sales.
However, the move to clean fuel sources, stringent environmental regulations, and a shoddy supply chain are predicted to impede market expansion to some extent. The market may also be impacted by stringent regulations designed to decrease the detrimental effects of mineral and crude oil price volatility.
Key Takeaways from Market Study
Between 2022 and 2032, the global market for aircraft seats is anticipated to expand at a value CAGR of 6.1%.
It is expected that China will continue to be a high-potential market for aircraft seats.
In terms of seat type, 16 G seats are predicted to continue being one of the fastest-growing segments and make up roughly 66% of the total market size.
It is anticipated that the wide body aircraft and narrow body aircraft categories will continue to be a major users of aircraft seats, accounting for more than 70% of total sales.
"Leading market players are concentrating on strategic growth activities & acquisitions and are implementing advanced technology for smart seat prototypes to sustain in the long run," says a Persistence Market Research analyst.
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Competitive Landscape
According to estimates, the airplane seats market is consolidating, with major firms projected to hold a sizable portion of the market. Top manufacturers of aircraft seats are profiled in the full report, including Hong Kong Aircraft Engineering Company Limited, Stelia Aerospace, Safran SA, RecaRO Holding GmbH, Collins, Aerospace Thompson Aero Seating Limited, JAMCO Corporation, Crane Aerospace & Electronics,Acro Aircraft Seating, GEVEN SpA, Causeway Aero Group, and Adient Aerospace,.
Key competitors are undoubtedly concentrating on increasing their production capacities to boost their global market presence and achieve high market traction. In addition, the market is seeing partnerships and acquisitions between big and small firms in an effort to meet the rising demand for aeroplane seats in developing nations.
For instance, United Technologies Corp. and Raytheon Co. concluded their US$ 135 billion merger in April 2020, creating one of the greatest aerospace and defence firms in the world.
KLM Cityhopper, KLM's regional carrier, chose Recaro Aircraft Seating GmbH & Co. KG in November 2019 to furnish the 21 Embraer 195-E2 aircraft.
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More Valuable Insights Availabke
A new market research report on the global aircraft seats market has been released by research and consultancy company Persistence Market Research. It includes an industry analysis for the years 2017 through 2021 and an opportunity evaluation for the years 2022 through 2032.
Aircraft Seats Market Segmentation
By Aircraft Type:
Wide Body Aircraft (WBA)
Narrow Body Aircraft (NBA)
Regional Transport Aircraft (RTA)
Others
By Seat Class:
Economy Class
Premium Economy Class
Business Class
First Class
By Fit Type:
Retrofit
Line Fit
By Seat Type:
9G
16G
By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa
For additional insights on how the global aircraft seats market will shape up over the decade, write to media@persistencemarketresearch.com
About Persistence Market Research - Automotive and Transportation
The Automotive and Transportation division of Persistence Market Research provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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