(PharmaNewsWire.Com, July 17, 2024 ) This report analyzes aircraft cabin interiors market from 2024 to 2029. It discusses various industry and technology trends currently prevailing in the aircraft cabin interiors market, along with the factors that drive, restrain, and challenge market growth globally. The aircraft cabin interiors market is projected to grow from USD 26.1 billion 2024 to USD 31.6 billion by 2029, at a CAGR of 3.9% from 2024 to 2029. Factors such as increasing consumer preference for high-quality services, significant recovery in global air traffic, rising technological trend, and growing need for premium economy seats and demand for enhancements in aircraft cabin interiors drive market growth.
The aircraft cabin interiors market has been divided into into OEM, MRO and Aftermarket based on end user. The OEM segment will register highest CAGR during the forecast period. Aircrafts that are delivered to airlines are fitted with cabin interior components that include seats, lighting, galleys, windows & windshields, along with an in-flight entertainment system. This stage of installation is known as OEM. The increase in aircraft orders is driving the growth of OEM segment of the aircraft cabin interiors market.
The aircraft cabin interiors market has been categorized into narrow body aircraft, wide body aircraft, regional transport aircraft and business jet based on platform. The narrow body aircraft segment is expected to grow at the highest CAGR during the forecast period. Increasing upgrades of aircraft cabin interiors and demand for more short-haul and medium-haul flights are leading to the growth of narrow body aircraft segment of the aircraft cabin interiors market.
The aircraft cabin interiors market has been alloy, composites and others based on material. The composites segment will lead the market because of the ever-increasing demand for lightweight materials in airplanes. Stricter environmental regulations are pushing airlines to reduce emissions, and one way to achieve that is to make airplanes lighter. Composite materials are significantly lighter than traditional materials used in cabin interiors. This translates to better fuel efficiency, which means airlines can cut costs and reduce their environmental impact.
The aircraft cabin interiors market has been divided into aircraft seating, in-flight entertainment & connectivity, aircraft cabin lighting, aircraft galley, aircraft lavatory, aircraft windows & windshields, aircraft storage bins, aircraft interior panels based on the type. Airlines prioritize passenger experience, and seating directly impacts comfort, legroom, in-flight entertainment integration, and overall cabin class feel (economy, premium economy, business class). New seat designs and features are a key battleground for airlines to differentiate themselves and attract passengers. As a result, the market share and compound annual growth rate (CAGR) of the aircraft seating segment in aircraft cabin interiors market grows.
North America is poised to hold the highest market share in the aircraft cabin interiors market due to a combination of technological advancement, robust aviation infrastructure, and a consumer base with high demand for premium travel experiences. The region boasts some of the world's busiest airports and most significant airline networks, which continually invest in state-of-the-art to enhance passenger satisfaction. The presence of leading OEM providers and tech innovators in the region further accelerates the development and integration of cutting-edge aircraft cabin interior solutions. Consequently, North America’s strategic investments, coupled with a tech-savvy and affluent passenger demographic, solidify its leadership in the aircraft cabin interiors market.
The major players in the Aircraft Cabin Interiors Companies are Safran (France), Panasonic Avionics Corporation (US), Collins Aerospace (US), Gogo Business Aviation, LLC (US) and Honeywell International Inc. (US). These players have adopted various growth strategies expand their presence in the aircraft cabin interiors market.
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