Aircraft Soft Goods Market Scope
Aircraft Soft goods deliver aesthetic value to aircraft interiors and assist airlines to increase the level of comfort and feel to passengers along with improved noise absorption and damping of aircraft vibration. In the past few decades, significant investment from the airline industry towards the improvement and maintenance of soft goods, has been witnessed for aesthetically pleasing, compact, and innovative aircraft interiors. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on the fastest-growing verticals in aircraft industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aerofloor Limited (United Kingdom), Aircraft Interior Products (United States), Botany Weaving Mill (Ireland), Desso (Netherlands), E-Leather (United Kingdom), Fellfab (Canada), Hong Kong Aircraft Engineering(HAECO) (China), InTech Aerospace (United States), Lantal Textiles AG (Switzerland), Mohawk Group (United States) and RAMM Aerospace (Canada) |
CAGR | % |
The aircraft soft goods industry is highly competitive with the presence of a large number of manufacturers and suppliers across the world. Industry players use a variety of strategies including acquisitions & mergers, product development, diversification, etc. to remain competitive. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Soft Goods market throughout the predicted period.
Aerofloor Limited (United Kingdom), Aircraft Interior Products (United States), Botany Weaving Mill (Ireland), Desso (Netherlands), E-Leather (United Kingdom), Fellfab (Canada), Hong Kong Aircraft Engineering(HAECO) (China), InTech Aerospace (United States), Lantal Textiles AG (Switzerland), Mohawk Group (United States) and RAMM Aerospace (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Spectra Interior Products (United States), Tapis Corporation (United States) and The Anker Company (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aircraft Soft Goods market by Type , by Application (Commerical Aircraft, Regional Jet, Business Jet and Helicopter) and Region with country level break-up.
On the basis of geography, the market of Aircraft Soft Goods 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In February 2019, SilkAir merged with SIA. This acquisition is beneficial in new seat-back in-flight entertainment systems in both business and economy class. It also offers new lie-flat business class seats in a forward-facing staggered layout.
In April 2019, Tapis Corporation launched high-performance fabrics for seating and vertical surface which is beneficial in providing luxurious, sustainable and durable quality leather. It also offers designed potential improved aircraft interiors in both business and economy classes.
Influencing Trend:
Heavy Investment in Construction of New Airports and Overhaul Activities of Worn-out Aircraft's in Emerging Economies
Market Growth Drivers:
Growing Air Traffic On the Coattails of Increasing Number of Air Passengers in both Developed and Developing Countries and Development of fabric technology and a higher concentration of aircraft manufacturers
Challenges:
Intense Competition
Restraints:
Fluctuation of Raw Materials
Opportunities:
Growth in Airlines User and Rising Number of Airlines, Increasing Commercial Aviation Industry and Growing Tourism Industry
Key Target Audience
Aircraft Soft Goods Manufactures, Aircraft Soft Goods Distributors and Suppliers, Potential Investors, Research Associations, Aviation Industry and Others