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Market Research Report
Product code
1074797
Commercial Aircraft Seating Market Forecasts to 2028 - Global Analysis By Component (Upholsteries, Seat Actuators), Application (Pilot Seats, Passenger Seats), End User, and By Geography |
Commercial Aircraft Seating Market Forecasts to 2028 - Global Analysis By Component (Upholsteries, Seat Actuators), Application (Pilot Seats, Passenger Seats), End User, and By Geography |
Published: May 1, 2022
Stratistics Market Research Consulting
Content info: 200+ Pages
Delivery time: 2-3 business days
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According to Stratistics MRC, the Global Commercial Aircraft Seating Market is expected to grow at a CAGR of 8% during the forecast period. An aircraft seating is a seat on an airliner in which passengers are accommodated for the duration of the journey. Commercial aircraft seats contribute significantly to the weight of the aircraft interior. To reduce fuel costs, lightweight designs are preferred for aircraft interiors like aircraft seats.
Market Dynamics:
Driver:
Maintenance & retrofitting of existing commercial aircraft
Existing commercial aircraft are being retrofitted with advanced products as airlines around the globe are likely to provide more comfort in terms of seating and other services. Most airlines are advancing their aircraft seats, as the old seats have become outdated. The introduction of advanced and lightweight materials for cabin seats has led to the upgrade of existing aircraft seats to new seats, which is driving the market growth.
Restraint:
Regulations associated with the installation of aircraft seats
Because of the economic slowdown across the world, many airline operators have failed to generate a significant profit. So, the installation or replacement of advanced, premium structure design seats with existing seats is a major challenge to airline operators. Also, the stringent safety regulation associated with aircraft seats is another challenge that is expected to hamper the growth of this market during the forecast period.
Opportunity:
Increasing focus on the development of low weight aircraft seat structure
Rising demand for narrow-body aircraft has led to an increase in the growth of advanced aircraft cabin solutions. The rising preferences for the premium economy class by passengers are creating a huge demand for advanced seat structure design with better facilities than the economy class seats. Increasing the number of services and features will add more weight to the aircraft. Therefore, the market players are focusing on the development of low-weight aircraft seats as the aviation industry is stringent about the weight requirement.
Threat:
Economic challenges faced by the aviation industry
The COVID-19 outbreak has led to major economic problems for the aviation industry. From the beginning of the outbreak, the civil aviation industry has been among the most severely hit sectors globally. Many countries have led to a significant drop in demand for aircraft seating globally, with a corresponding reduction in revenues for various aircraft seating suppliers, MRO service providers across all markets due to late delivery, manufacturing shutdown, and the limited staff at manufacturing facilities, and limited availability of equipment.
The wide-body aircraft segment is expected to be the largest during the forecast period
The wide-body aircraft segment is estimated to have a lucrative growth owing to the high demand for interiors in wide-body aircraft as there is more space to install wide seats and other cabin interior products. Major airlines operating wide-body aircraft are focusing on upgrading their interiors to the latest technologies.
The premium economy class seats segment is expected to have the highest CAGR during the forecast period
The premium economy class seats segment is anticipated to witness the fastest CAGR growth during the forecast period because of the rise in the number of low-cost airline operators; the demand for premium economy class seats has increased as these seat types offer more amenities at low-cost air tickets.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the improvement in their capabilities by undertaking developments in the field of aircraft seating, thus offering a significant opportunity for OEM manufacturers to expand their businesses.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to the highly developed and booming aviation industry, presence of significant business airplane OEMs, growing air traffic and rising demand for commercial and business aircraft.
Key players in the market
Some of the key players profiled in the Commercial Aircraft Seating Market include Zodiac Aerospace, Aviointeriors SpA, Thompson Aero Seating Limited, STELIA Aerospace (Airbus SE), RECARO Holding Gmbh, Lufthansa Technik, Jamco Corp., Ipeco Holdings Ltd., Hong Kong Aircraft Engineering Co. Ltd, Geven SpA, EnCore, Collins Aerospace, Safran SA, Acro Aircraft Seating and ZIM FLUGSITZ GmbH.
Key Developments:
In March 2021, Safran SA signed an agreement with Airbus to provide its latest generation of short & medium range economy and business class solutions as SFE seats for the Airbus A220 aircraft.
In August 2020, RECARO Holding Gmbh announced that it has received a major contract from Wizz Air to provide 31,767 units of Recaro SL3710 seats for 146 Airbus narrow-body aircraft.
Components Covered:
Seat Types Covered:
Aircraft Types Covered:
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Applications Covered:
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What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.