Press release
Commercial Aircraft Cabin Interior Market 2018 to 2021 by Global key Players: Honeywell International, Thales, Aviointeriors, GKN Aerospace, Panasonic Avionics, Recaro Aircraft Seating
The global Commercial Aircraft Cabin Interior Market is expected to grow at a CAGR of around 11% during 2016-2021.
As per the MRFR analysis, growing fleet size, increased passenger traffic, investment in cabin interior products, passenger comfort, demand for light weight and fuel efficient aircraft are driving the market growth. Whereas, technological shift and complexity in retrofitting aircraft interiors are the key challenges of the market.
Commercial Aircraft Cabin Interior Market - Competitive Analysis
With the entry of new industry players in the commercial aircraft cabin interior segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
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The leading market players in the global Commercial Aircraft Cabin Interior Market primarily include B/E Aerospace, Diehl Aerosystems, Honeywell International, Thales,. Some of the other key players in the segment are Zodiac Aerospace, Aviointeriors, GKN Aerospace, Panasonic Avionics, Recaro Aircraft Seating, and Recaro Aircraft Seating Gmbh & Co. Kg.
Commercial Aircraft Cabin Interior Market - Regional Analysis
The commercial aircraft cabin interior market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2015, there were around 22,000 aircraft in service, majority of them from North America. This figure is likely to double in the next 20 years to reach around 40,000 aircraft. Improved affordability and accessibility will stimulate demand for air travel in established markets and meet the emerging travel needs of the growing middle-class population in the region.
Industry/ Innovation/ Related News:
November 14, 2017 – Thales and Emirates Aviation University, the education arm of the Emirates Group sign a Memorandum of Understanding which will initiate a new partnership to explore areas of cooperation in the aviation field.
November 12, 2017 - Honeywell has signed Lufthansa Technik as a licensed component repair center and exclusive global asset provider for all Honeywell components and the HGT 1700 APU on Airbus A350 aircraft. Under the agreement, Lufthansa Technik will offer A350 operators around the world an unequaled experience with maintenance repair and overhaul services for all Honeywell components, including auxiliary power units.
April 13, 2017 - Rockwell Collins, Inc. has successfully completed the acquisition of B/E Aerospace. This expands will increase Rockwell Collins’s portfolio with a wide range of cabin interior products for commercial aircraft and business jets including seating, food & beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems. This advances the company’s global growth strategy by expanding its previous focus on cockpit, cabin management, communication and connectivity solutions, and diversifies its product portfolio and customer mix.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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