Aircraft Cabin Interior Market to Reach $38.5 Billion by 2031, Sustained 5.6% CAGR; New Report

According to a new report published by Allied Market Research, titled, "Aircraft Cabin Interior Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Aircraft Type, by Class, by End-User: Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. The aircraft cabin interior market was valued at $22.8 billion in 2021, and is estimated to reach $38.5 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

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According to International Air Transport Association (IATA), Total traffic in September 2022 (measured in revenue passenger kilometers or RPKs) increased by 57% compared to September 2021. Asia-Pacific airlines saw a 464.8% rise in September traffic compared to September 2021, the strongest year-over-year rate among the regions. Capacity rose 165.3% and the load factor was up 41.5 percentage points to 78.3%. Such growth of air travel across the region is anticipated to boost the growth of the market across the region during the forecast period.

Moreover, a rise in investment by aircraft cabin interior manufacturers within the Asia-Pacific aircraft cabin interior market, coupled with the development of new systems is expected to support the market competitiveness during the forecast period. For instance, in September 2022, HAECO Private Jet Solutions, a cabin specialist unit of Hong Kong Aircraft Engineering Company Limited developed "Lotus", a new cabin design concept for the Airbus A319neo aircraft.

The aircraft cabin interior market is segmented on the basis of product type, aircraft type, class, end user, and region. By product type, it is segmented into seat, cabin lighting, In-flight entertainment and connectivity, aircraft galley and lavatory, aircraft window and windshields, and others. By aircraft type, it is classified into narrow body aircraft, wide body aircraft, and business jets. By class, it is categorized into first class, business class, premium economy class, and economy class. By end user, it is bifurcated into OEM and retrofit. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on aircraft type, the Narrow Body Aircraft segment held the highest share in 2021, accounting for more than three-fifths of the global aircraft cabin interior market, and is expected to continue its leadership status during the forecast period. However, the wide Body Aircraft segment is expected to register the highest CAGR of 7.2% from 2022 to 2031.

Based on class, the economy segment accounted for the highest share in 2021, contributing to around two-fifths of the global aircraft cabin interior market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the business segment is expected to manifest the highest CAGR of 6.3% from 2022 to 2031.

Based on end user, the OEM segment accounted for the highest share in 2021, holding nearly three-fifths of the global aircraft cabin interior market, and is expected to continue its leadership status during the forecast period. However, the retrofit segment is estimated to grow at the highest CAGR of 6.5% during the forecast period.

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Based on region, North America held the largest share in 2021, contributing to nearly one-third of the global aircraft cabin interior market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 6.4% during the forecast period.

Key players operating in the global aircraft cabin interior market include Acro Aircraft Seating Astronics Corporation, Aviointeriors S.p.A., Diehl Stiftung & Co. KG, GAL Aerospace, Hong Kong Aircraft Engineering Company Limited, Jamco Corporation, Raytheon Technologies Corporation, Safran S.A., and Thales Group.

Key Finding of the Study:

• By product type, the In-flight Entertainment and Connectivity segment is anticipated to exhibit significant growth in the near future.
• By aircraft type, the wide body aircraft segment is anticipated to exhibit significant growth in the near future.
• By class, the business class segment is anticipated to exhibit significant growth in the near future.
• By end-user, the retrofit segment is anticipated to exhibit significant growth in the near future.
• By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key Benefits For Stakeholders:

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft cabin interior market analysis from 2021 to 2031 to identify the prevailing aircraft cabin interior market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the aircraft cabin interior market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global aircraft cabin interior market trends, key players, market segments, application areas, and market growth strategies.

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