Global Aircraft Retrofit Cabin Market is projected to reach the value of $39.36 billion by 2030

According to the report published by Virtue Market Research , In 2022, the Global Aircraft Retrofit Cabin Market was valued at $22.4 billion, and is projected to reach a market size of $39.36 billion by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 7.3%.

The Aircraft Retrofit Cabin industry has witnessed significant growth and transformation over the years, with ever-increasing demands for enhanced passenger experiences and improved amenities.

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A key long-term market driver that has propelled the Aircraft Retrofit Cabin industry is the continuous pursuit of enhanced passenger comfort and satisfaction. Airlines have recognized that the cabin environment plays a crucial role in shaping the overall travel experience for passengers. This realization has led to an increased focus on retrofitting older aircraft with modern, state-of-the-art cabin amenities and features.

However, the outbreak of the COVID-19 pandemic in 2020 posed unprecedented challenges to the aviation industry, including the Aircraft Retrofit Cabin market. With travel restrictions, reduced passenger traffic, and stringent health protocols, airlines faced financial strain, leading to a temporary slowdown in retrofit projects. Many airlines prioritized cost-cutting measures to navigate through the crisis, delaying non-essential retrofitting initiatives

Nevertheless, as the world gradually recovered from the pandemic, the retrofit cabin market regained momentum. Airlines swiftly adapted their cabin designs to align with the new health and safety norms, incorporating touchless technologies, improved air filtration systems, and flexible seating arrangements to instill confidence in travelers. The pandemic, while causing short-term setbacks, also catalyzed innovative solutions and further emphasis on passenger well-being.

Amidst the recovery from the pandemic's impact, one significant short-term market driver for the Aircraft Retrofit Cabin industry has been the rise in domestic and short-haul travel. As international travel restrictions eased, there was a surge in regional travel, leading to higher demand for efficient, comfortable, and modernized cabin spaces on shorter flights. Airlines responded by optimizing their cabin layouts to accommodate more passengers without compromising on comfort.

An exciting opportunity that has emerged in the industry is the integration of sustainable materials and energy-efficient technologies in cabin retrofits. Airlines and manufacturers are increasingly adopting eco-friendly practices, such as using lightweight materials, energy-efficient lighting, and recyclable components. Such initiatives not only reduce operational costs for airlines but also contribute to the aviation industry's sustainability goals.

One prominent trend that has been observed in the Aircraft Retrofit Cabin market is the personalization of passenger experiences. Airlines are investing in customizing cabin spaces to cater to the diverse preferences of travelers. From premium seating configurations to personalized in-flight entertainment options, these tailored experiences enhance passenger loyalty and satisfaction, giving airlines a competitive edge in the market.

Segmentation Analysis:
The global Aircraft Retrofit Cabin Market segmentation includes:

By Product Type: Seating, Cabin Lighting, Gallery, Lavatory, Window & Windshields, and Others
The Aircraft Retrofit Cabin market encompasses various product types, each playing a crucial role in enhancing the overall passenger experience. These product types include Seating, Cabin Lighting, Gallery, Lavatory, Windows and Windshield, and Others. Among these subsegments, Seating stands out as the largest category, as airlines prioritize passenger comfort and convenience.

Seating upgrades are at the forefront of retrofit projects, with airlines seeking to provide ergonomic designs, extra legroom, and adjustable features to accommodate the diverse needs of travelers. The demand for comfortable seating arrangements has been consistently high, driving the growth of this subsegment in the market.

While Seating holds the largest share, the Lavatory subsegment is projected to be the fastest-growing during the forecast period. The Lavatory is an essential element of the passenger experience, and airlines are investing in revamping lavatories to offer a cleaner, more hygienic, and modern space.
Advanced lavatory solutions with touchless technologies, improved sanitation, and enhanced amenities are gaining traction, contributing to the rapid growth of this subsegment.

By Aircraft Type: Narrow Body Aircrafts, Wide Body Aircrafts, and Large Body Aircrafts
When considering the Aircraft Retrofit Cabin market by aircraft type, it is divided into Narrow Body Aircrafts, Wide Body Aircrafts, and Large Body Aircrafts. Among these categories, Large Body Aircrafts claim the largest share due to their capacity to accommodate a significant number of passengers and their suitability for long-haul flights.

Large Body Aircrafts are frequently chosen for retrofitting projects, as airlines seek to upgrade and enhance the passenger experience for long-distance travel. The focus is on providing premium amenities, personalized spaces, and innovative entertainment options to cater to the needs of passengers on these extended journeys.

On the other hand, the fastest-growing aircraft type in the Aircraft Retrofit Cabin market during the forecast period is Wide Body Aircrafts. With the rise in international and long-haul travel, airlines are increasingly retrofitting wide body aircraft to meet the growing demand for enhanced cabin experiences. Upgrades in seating configurations, improved entertainment options, and cutting-edge technologies are fueling the rapid expansion of this subsegment.

By Distribution Channel: OEM, Aftermarket
The Aircraft Retrofit Cabin market operates through distinct distribution channels, primarily Original Equipment Manufacturers (OEM) and the Aftermarket. Among these channels, the Aftermarket segment emerges as the largest in the market. The Aftermarket encompasses retrofit solutions and services offered by specialized companies after the delivery of aircraft from the OEMs.

Airlines and operators frequently turn to the Aftermarket for retrofitting older aircraft to modernize their cabins and enhance the overall passenger experience. The Aftermarket offers a wide array of retrofitting options, including advanced seating configurations, upgraded cabin lighting, improved lavatories, and innovative gallery designs. These solutions cater to airlines' specific needs and ensure a more customized cabin experience for passengers.

Moreover, the Aftermarket segment also exhibits the fastest growth during the forecast period. As the aviation industry evolves and passengers' preferences change, airlines opt for flexible and cost-effective retrofitting solutions from Aftermarket service providers. The dynamic nature of the Aftermarket allows for quick adoption of emerging technologies, offering airlines the opportunity to stay ahead in a competitive market.

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Regional Analysis:

The Aircraft Retrofit Cabin market is geographically diverse, with regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa contributing to its growth. Among these regions, North America stands as the largest market for aircraft retrofit cabin solutions. The region's well-established aviation industry, comprising major airlines and prominent retrofitting companies, drives the demand for cabin upgrades in this region.

North American airlines are known for their commitment to providing a top-notch passenger experience, leading to a higher adoption of retrofitting initiatives. With a focus on innovative cabin amenities, advanced seating configurations, and immersive cabin lighting, airlines in North America continually seek to revamp their fleets, staying at the forefront of passenger satisfaction.

Conversely, the fastest-growing region during the forecast period in the Aircraft Retrofit Cabin market is Asia-Pacific. The region's rapid economic growth, increasing air travel, and expanding aviation infrastructure create a conducive environment for retrofitting projects. Airlines in Asia-Pacific are investing in retrofit solutions to attract more passengers and offer a competitive edge in the market.

Asia-Pacific's vast potential is further fueled by the rise of budget carriers and the growing middle-class population with higher disposable incomes, driving the demand for enhanced cabin experiences. The region's airlines are keen on adopting the latest cabin technologies, premium seating options, and eco-friendly gallery solutions, to cater to the evolving preferences of travelers.

Latest Industry Developments:

• In June 2021, HAECO ITM Limited expanded its partnership with China Airlines, offering inventory technical management support for the airline's growing Boeing 777 fleet.

• In 2020, Acumen Design Associates collaborated with ST Engineering to create ACCESS, the world's first extending aircraft lavatory. This groundbreaking innovation aims to enhance the flying experience for passengers with reduced agility.

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This release was published on openPR.