Aircraft Interiors Market is Forecasted to Reach US$20.4 Billion in 2032, Says Stratview Research

The global aircraft interiors market is projected to witness a growth rate of 4.1% annually from 2024 to 2032, with an anticipated size of US$20.4 billion by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft interiors market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics

Market Size in 2023: US$13 billion
Market Size in 2032: US$20.4 billion
Growth (CAGR): 4.1% during 2024-2032
Leading Aircraft Type: Narrow-Body Aircraft
Leading Application Type: Seats
Leading Furnished Equipment Type: BFE
Leading End-User Type: OE
Leading Region: North America
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Interiors Market:
The global Aircraft Interiors market is segmented based on Aircraft type, Application type, Furnished Equipment type, End-User type, and Region.

Based on Aircraft Type -

• The aircraft interiors market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.

• Faster recovery of short-haul may imprint a positive impact on the demand for interiors.

• Interiors remain a key factor for differentiation and a marker of service level. Introduction of fuel-efficient variants with the latest interior outlook, compelling airlines to upgrade their existing fleet.

• Aircraft deliveries 24-34 à Single-aisle aircraft to hold the lion's share.

• Boeing is anticipated to deliver 410 aircraft in 2024, 117 units lower than its 2023 deliveries (527 deliveries in 2023). Boeing could manage to deliver only 229 B737Max by Q3, 2024, 57 units less than Q3 2023. Boeing drastically reduced its production rates in H1, 2024 due to increased quality checks and audits by regulators after the Alaska Airlines flight incident.

• Airbus, already announced to cut its delivery targets for 2024 to 770 aircraft from the previously announced target of 800 aircraft units. Stratview estimates suggest deliveries (752 deliveries, about 18 units lower) of Airbus in 2024.

Based on the Application Type -

• The market is segmented into seats, galleys/ galley inserts, lavatories, stowages, IFEC, floor panels, cabin linings, and others.

• Aftermarket remains the biggest driver for seats shortly. There is a rising need for accommodation of a greater number of seats.

• A paradigm shift can be seen from first-class seats to business-class seats. For instance, according to the Asiana Airlines website, the airline has recently introduced its "Business Suite," a hybrid between first and business class, offering a first-class experience within a business class cabin, and providing luxury services at a more competitive price.

• Premium seat classes (such as first class and business class) offer airlines high revenue potential by providing exclusive features like lie-flat beds, increased privacy, and extra space, which attract high-paying customers.

• Innovations in seat design, such as lightweight materials, ergonomic features, and in-seat entertainment incorporation, persistently push airlines to upgrade, sustaining high demand.

• The incessant growth in IFEC is mainly attributed to the increasing focus on in-flight internet connectivity for passenger engagement.

Which Region Shows the Most Promising Growth Forecast and Opportunity?

• North America is expected to remain the largest market for aircraft interiors during the forecast period.

• According to IATA, the annual RPK growth rates are expected to glide down towards lower levels as the industry moves away from the pandemic period. This trend is felt in all regions, however, especially in Asia Pacific, which saw traffic surges from low levels in 2023.

• The growing share of Asia-Pacific is driven by the high demand for aircraft. Increased involvement of Asian companies, particularly, AVIC Cabin Systems, in M&As and JVs.

• A large number of existing as well as new airlines, some of which are based in fast-growing markets such as China and India, are increasing their capacity to address increasing passenger traffic, and at the same time, they are investing in higher-specification and more bespoke interiors.

Aircraft Interiors Market Drivers:

Some of the key drivers listed in the report are given below.
- Aircraft interior manufacturers are constantly working to create new technologies that will benefit both, airlines and passengers, and improve the onboarding experience. New growth opportunities will be created by the rising demand for aircraft refurbishments and space optimization.

- Upsurge in demand for cutting-edge aircraft interior systems, such as comfortable lightweight components to conserve fuel, wireless inflight entertainment, and connectivity, advanced products that will promote hygiene and a safe environment, large and spacious bins, and LED cabin lights, would create plenty of growth opportunities for market participants throughout the forecast period.

- In recent years, the demand for in-flight entertainment systems has grown since they act as an additional source of revenue for airlines.

Top Companies in the Aircraft Interiors Market:

The global market for Aircraft Interiors is highly concentrated, with the top four companies capturing a lion's share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

- Safran S.A.
- Collins Aerospace
- Panasonic Avionics
- AVIC Cabin Systems
- Gogo Inc.
- Intelsat S.A.
- Thales Group
- Recaro Aircraft
- Diehl Aviation
- Jamco Corporation
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aircraft Interiors market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.