About Luxury Aircraft Seating
the global luxury aircraft seating market is expected to grow in the forecasted period due to the rising number of business-class trips from the emerging countries. Luxury aircraft seating is providing various facilities for aircraft seating. Moreover, with the rise of the global economy coupled with an increase in disposable income, people are preferring air transport for the domestic as well as international tour to save travel time. this will help to boost the global Luxury Aircraft Seating market. Depending on cabin configuration to enhance passenger comfortability they are benefited with advanced amenities such as wider seats, extra legroom, individual power ports, additional seat recline, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen their market position and enhance product & service offerings. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Luxury Aircraft Seating market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zodiac Aerospace Group (France), RECARO Aircraft Seating (Germany), B/E Aerospace (United States), JAMCO Corporation (Japan), Aviointeriors (Italy), Acro Aircraft Seating (United Kingdom), Geven (Italy) and Mirus Aircraft Seating (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Thompson Aero Seating (China), ZANKER PROMOTION GMBH (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Aircraft Seating market by Type (Economy class, Business-class, Premium economy class and First-class), Application (Civil Aircraft, Commercial Aircraft and Military Aircraft) and Region.
On the basis of geography, the market of Luxury Aircraft Seating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
The Growing Demand of Various Luxurious Facilities and The Increasing Demand From Commercial Aircraft
Market Growth Drivers:
Wealthier Economic Conditions and Strong and Attractive Marketing Strategies by Luxury Aircraft Seating Providers
Challenges:
Higher Maintenance and Operational Cost in case Luxuries Aircraft Seating
Restraints:
High Cost Associated with Luxury Aircraft System and Minimum Availability across the Globe
Opportunities:
Growth in Airlines User and Rising Number of Airlines Providing Luxurious Facilities and High Adoption due to Innovative Facilities and Technical Advancement
Market Leaders and their expansionary development strategies
November 2021- Expliseat was selected for the Airbus Innovation Award's top three finalists. Explicit revolutionary seating technology was recognized by Airbus during the 2021 Global Supplier Conference, helping for a more efficient and sustainable flight.
April 2021- HAECO Cabin Solutions achieved FAA Technical Standard Order (TSO) certification for Vector Light, a state-of-the-art, 7.9 kg single-aisle seat. The Vector Light catalog features various products with selectable options for enhanced passenger convenience. Moreover, it offers airlines two dedicated versions, a recliner seat or a fixed-recline seat.
Congress told the FAA to set the minimum standards for seat width and pitch, the industry parlance for the spacing between rows, as part of the 2018 FAA Reauthorization Act. The standards are to be based upon what is "necessary for the safety and health of passengers." FAA last November conducted a series of evacuation tests designed to inform its decision on aircraft cabin configurations. Under existing rules, aircraft must be able to be evacuated in 90 seconds or less. But the agency has not updated its evacuation assessment standards since 1990. Since then, airlines have increased the number of seats on planes, squeezing rows closer together in the process.
Key Target Audience
Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.