Industry Background:
The global flight passenger comfort hardware market is expected to grow at a significant pace during the forecast period, according to the AMA study. The factors such as increasing global aircraft production and fleet propelled by the rising supply of commercial planes to cater to the growing passenger traffic across different regions of the world are one of the major factors driving the market. In addition, the growing adoption of advanced technology systems by airlines and aircraft original equipment manufacturers for providing better comfort service to passengers and is another major factor acting as a major driver for the flight passenger comfort hardware market. Moreover, the vendors in this market are continuously working on developing new products to remain competitive in the transforming market. For instance, in March 2019, Astronics announced the launch of new ambient lighting solutions Nuancia RGBW Strip Lights to provide flexible illumination options for aircraft seats and cabins.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Aviointeriors S.p.A. (Italy), RECARO Holding GmbH (Germany), Collins Aerospace, Inc. (United States), Geven S.p.a. (Italy), Safran (France), Honeywell International (United States), Global Eagle (United States), Lufthansa Systems GmbH & Co. Kg (Germany), Panasonic Avionics Corporation (United States), STG Aerospace Limited (United States), Astronics Corporation (United States), Diehl Stiftung (Germany), Bruce Aerospace (United States) and FACC AG (Germany) |
According to AMA, the market for Flight Passenger Comfort Hardware is expected to register a CAGR of 7.9% during the forecast period to 2028. This growth is primarily driven by Increasing Global Aircraft Production and Fleet Propelled by Increasing Demand & Supply of Commercial Planes, Rising Demand for to Provide Better Passenger Comfort Services Due to Strong Competition Among Airlines and Growing Worldwide Air Passenger Traffic.
Globally, a noticeable market trend is evident Growing Deployment of Inflight Entertainment Systems by Airlines
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Aviointeriors S.p.A. (Italy), RECARO Holding GmbH (Germany), Collins Aerospace, Inc. (United States), Geven S.p.a. (Italy), Safran (France), Honeywell International (United States), Global Eagle (United States), Lufthansa Systems GmbH & Co. Kg (Germany), Panasonic Avionics Corporation (United States), STG Aerospace Limited (United States), Astronics Corporation (United States), Diehl Stiftung (Germany), Bruce Aerospace (United States) and FACC AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The vendors in this market are focusing on grabbing contracts from major airlines and aircraft OEMs in order to remain competitive in the global market place. For instance, in May 2019, FACC upgraded the fleet of A320 wide-body passenger aircraft of Austrian Airlines with passenger luggage space upgrades.
Key Developments in the Market:
In November 2021, Collins Aerospace acquires Dutch Thermoplastic Components to deliver lighter, cost-efficient, and sustainable aircraft structures. With this acquisition, Collins will expand the use of advanced thermoplastics to make aircraft lighter and more fuel-efficient.
In July 2019, Panasonic Avionics Corporation announced that it has signed an agreement with TAP Air Portugal to provide inflight entertainment and connectivity (IFEC) solutions for the carrier’s new fleet of 14 A321neo LR aircraft.
Regulatory Insights:
Air journey of passengers, each home and international, has been prohibited since twenty fifth March 2020. Now it has been determined by using Government that domestic air tour of passengers shall resume with impact from twenty fifth May,2020 (order of MHA dated twentieth May, 2020), which consists of home air offerings via nonscheduled and non-public operators (Fixed Wing / Helicopters/ Micro mild aircraft). Accordingly, Ministry of Civil Aviation has developed popular guidelines and detailed suggestions for air tour of passengers and foremost stakeholder (Airlines, Airports, Security Agencies, Ground Handling Agencies and Health Authorities, etc.) through incorporating critical safeguards in session with Experts and Stakeholders.
Influencing Trend:
Growing Deployment of Inflight Entertainment Systems by Airlines and Increasing Demand of Innovative and Mood Lighting Solutions Across Commercial Aviation Industry for Attractive Aircraft Interior Design
Market Growth Drivers:
Increasing Global Aircraft Production and Fleet Propelled by Increasing Demand & Supply of Commercial Planes, Rising Demand for to Provide Better Passenger Comfort Services Due to Strong Competition Among Airlines and Growing Worldwide Air Passenger Traffic
Challenges:
Suspended Planned Production of Boeing 737 Max Series Hampering the Aerospace Components Market and Thereby Flight Passenger Comfort Hardware Market, High Cost of Luxury Class Services in Airlines and Challenges in Implementation of Inflight Entertainment Systems and Connectivity Solutions in Old Aircraft Fleet During Retrofitting Operations
Restraints:
Weight and ,loading distribution.
Opportunities:
Expected Number of Aircraft Deliveries During 2018-2038 Will Generate Huge Demand for Flight Passenger Comfort Hardware Vendors Across Emerging Markets in Different Regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Flight Passenger Comfort Hardware Market
- Analysis about New Entrants in Flight Passenger Comfort Hardware Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Flight Passenger Comfort Hardware Study Sheds Light on
The Flight Passenger Comfort Hardware Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Flight Passenger Comfort Hardware industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Flight Passenger Comfort Hardware industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.