Industry Background:
The demand for Aircraft cabin interior market is expected to increase the number of new aircraft order due to the rise in air passenger traffic globally. Cabin interior market in commercial airline has developed considerably and expected to boost the aviation sector. Moreover, the airline has concerned about enhancing the customer experience with increasing investing to upgrade the existing aircraft fleets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Astronics Corporation (United States), Global Eagle Entertainment (United States), Gogo (United States), Honeywell International (United States), Panasonic Avionics (United States), Rockwell Collins, Inc. (United States), United Technologies Corporation (United States), Encore Group (United States), Haeco Americas (United States), Triumph Group (United States), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), RECARO Aircraft Seating GmbH & Co. KG (Germany), Thales Group (France), Geven Spa (Italy) and Zodiac Aerospace (France) |
According to AMA, the market for Aircraft Cabin Interiors is expected to register a CAGR of 5.84% during the forecast period to 2028. This growth is primarily driven by Increase in demand for premium economy seats, Rising Demand for In –flight Entertainment system and IFEC a major source of ancillary revenue for airlines.
Globally, a noticeable market trend is evident Up gradation of existing aircraft Major Manufacturers, such as Astronics Corporation (United States), Global Eagle Entertainment (United States), Gogo (United States), Honeywell International (United States), Panasonic Avionics (United States), Rockwell Collins, Inc. (United States), United Technologies Corporation (United States), Encore Group (United States), Haeco Americas (United States), Triumph Group (United States), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), RECARO Aircraft Seating GmbH & Co. KG (Germany), Thales Group (France), Geven Spa (Italy) and Zodiac Aerospace (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Aircraft Cabin Interiors market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In Nov 2018, United Technologies (UTC) a multinational company which provides technology products and services to building system and aerospace acquired Rockwell Collins, Inc. for USD 30.00 Billion to form Collins Aerospace.
In April 2018, Global Eagle Entertainment Inc. launched a wireless inflight entertainment in an all in one portable video on demand solution, Air connects Go that does not require installation.
Regulatory Insights:
According to the International Air Transport Association (IATA) the market for air passenger will reach 8.2 billion by 2037 with a prediction based on 3.5 % CAGR for the industry. The biggest driver demand will be the Asia Pacific region.
Influencing Trend:
Up gradation of existing aircraft
Market Growth Drivers:
Increase in demand for premium economy seats, Rising Demand for In –flight Entertainment system and IFEC a major source of ancillary revenue for airlines
Challenges:
High Cost of Installation and Delay in Aircraft interior Lightning system Technology
Restraints:
Lack of profitable Airlines in emerging economies
Opportunities:
Influence of low cost Airlines, Wifi Connectivity and New Aircraft Interior Lightning system Technology
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 Aircraft Cabin Interiors Market
- Analysis about New Entrants in Aircraft Cabin Interiors 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, Aircraft Cabin Interiors Study Sheds Light on
The Aircraft Cabin Interiors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Cabin Interiors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Cabin Interiors 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.