Aircraft Seating Market Size Worth USD 12.31 Billion in 2032 | Emergen Research

The global aircraft seating market size was USD 6.40 Billion in 2022 and is expected to register a steady revenue CAGR of 6.8% during the forecast period, according to latest analysis by Emergen Research. Rising demand for seats outfitted with In-Flight Entertainment And Connectivity (IFEC) systems and lightweight aircrafts with high durability and sustainability, increasing modernization and retrofitting of existing aircrafts, air traffic, and flight travel, and rapid technological advancements in the aviation industry are key factors driving market revenue growth. Aircraft seating provides accommodation for passengers for the duration of flight in an airline seat. These seats are frequently set out in rows that span the plane's fuselage. In addition, rising demand for modernization, refurbishment, and maintenance of existing and new aircrafts is another key factor driving revenue growth of the market. The most common materials for aircrafts are aircraft-grade aluminum, carbon fiber, or plastic that are used to make aeroplane and frequently combined by producers of aeroplane seats to create various types of aircraft seat shells.

The Aircraft Seating market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report's authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter's Five Forces Analysis, SWOT analysis, and investment assessment.

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Competitive Landscape

The report presents a holistic investigation of the Aircraft Seating business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Leading Players Profiled in the Report Include:

Safran, Airbus, Geven spa, Raytheon Technologies Corporation, JAMCO Corporation, RECARO Aircraft Seating GmbH & Co. KG, Swire Pacific Limited, FACC AG, AFI KLM E&M, and Lufthansa Technik

Some Key Highlights From the Report

• The civil aircraft segment accounted for largest revenue share the global aircraft seating market in 2022 attributed to various partnerships by different companies. Commercial airline seats are made to offer the maximum level of consumer protection while also being pleasant and equipped with extra entertainment options. These seats are now wider as a result of airline subsidies that allowed them to fly fewer passengers to more remote destinations. For instance, on 28 February 2023, Plusgrade, the top supplier of ancillary income solutions for the international travel sector, announced its partnership with AirAsia, the continent's top low-cost airline. This partnership enabled AirAsia customers to reserve the seat(s) next to them and bid for upgrades for more room and comfort.

• The narrow body aircraft segment is expected to register steady revenue growth rate in the global aircraft seating market during the forecast period. This is due to recent developments and various initiatives by different companies. For instance, on 9 December 2022, Air India, which is owned by The Tata Group, announced a USD 400 million plan to refurbish its entire legacy wide-body fleet, which consists of 27 Boeing B787-8 and 13 B777 aircraft. The airline planned to attract international travelers and compete with large international carriers such as Emirates and Singapore Airlines, and also simultaneously revamp its 65-aircraft narrow body fleet with new and more comfortable seats.

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Emergen Research has segmented the global aircraft seating market on the basis of materials and components, platform, seating type, aircraft type, class, end- use, and region:

• Material and Component Outlook (Revenue, USD Billion; 2019-2032)
o Cushion and Filling Material
o Structural Material
o Upholsteries and Seat Cover
o Seat Actuators
o Others

• Platform Outlook (Revenue, USD Billion; 2019-2032)
o Civil Aircraft
o Helicopters
o Urban Air Mobility (UAM)

• Seating Type Outlook (Revenue, USD Billion; 2019-2032)
o 9G Seats
o 16G Seats
o 21G Seats

The global Aircraft Seating market is classified into the following regions:

• North America (the U.S., Canada)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Europe (the U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• The Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA

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Key Points Covered in This Section:

• Regional contribution
• Estimated revenue generation
• Vital data and information about the consumption rate in all the leading regional segments
• An expected rise in market share
• Forecast growth in the overall consumption rate

Report Highlights:

• Besides offering a vivid depiction of the global Aircraft Seating business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
• The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2019-2032).
• The report scrutinizes the salient factors influencing the growth of the market in the near future.
• The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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