Aircraft Seating Market Is Anticipated to Reach $8.21 Billion By 2030 and Growing at a CAGR of 6.9%

The global aircraft seating industry generated $4.24 billion in 2020, and is projected to reach $8.21 billion by 2030, witnessing a CAGR of 6.9% from 2021 to 2030.

Rise in demand for seats installed with IFEC systems, maintenance & retrofitting of existing aircraft, and increase in aircraft production drive the growth of the global aircraft seating market. However, high cost and regulations associated with the installation of aircraft seats and increase in operational costs followed by seasonal serviceability restrain the market to some extent. On the other hand, growth in Urban Air Mobility platform and shift in preference to provide enhanced passenger comfort present new opportunities in the upcoming years.

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Aircraft seats are specially designed to cater to the needs of passengers, and offer functions such as recliner seats and power ports. The seats are made up of components that are fire resistant, insulated, durable, lightweight, and strong. Increase in air passengers has created a lucrative opportunities for aircraft seat manufacturers. Presently, passengers are more inclined toward traveling through air transport as compared to road transport to save time. Manufacturers and airlines are picking denser seating configurations, through slim and light-weight seats meanwhile reducing the seat width for more passengers per flight.

By aircraft type, the civil aircraft segment dominated the global aircraft seating market in 2020, in terms of revenue. By components & materials, the structure material segment incurs higher share. By seating type, the economy class segment incurs he higher share. By end-user, the OEM segment incurs he higher share. Presently, Asia-Pacific is the highest revenue contributor followed by North America.

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Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the total market share, and is estimated to continue its dominant share by 2030. However, LAMEA is projected to manifest the fastest CAGR of 8.1% during the forecast period.

Leading players of the global aircraft seating market analyzed in the research include Acro Aircraft Seating Ltd, Airbus S.A.S., Aviointeriors S.p.A., Geven S.p.a., Jamco Corporation, Raytheon Technologies Corporation, Recaro Aircraft Seating GmbH & CO. KG, Safran, Swire Pacific Limited and The Aviation Industry Corporation of China, Ltd.

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