According to market research report “Aircraft Interiors Market: By Product Type (Seating, Cabin Electronics & Connectivity (IFEC), Cabin Lighting, Galley, Lavatory, Others); By Fitted (Linefit, Retrofit); and Geography Analysis and Forecast (2015 – 2020)”, published by IndustryArc, the Global Aircraft Interiors Market to reach $15.75 billion by 2020.
Browse Market Tables, Figures spread through 220 Pages and an in-depth TOC on “Aircraft Interiors Market”
Aircraft Interiors refer to the components and system that are installed in the aircraft cabin. These products help in increasing the overall customer experience which is a key factor that drives the airlines industry to improve the customer loyalty resulting into better revenue generation for the airlines.
According to a recent study from IndustryARC the global market value of Intelligent Motor Control Centers was nearly equal to $12,023 Million in 2014, where cabin electronics and connectivity (IFE) is the largest segment which is contributing to the overall revenue. APAC region is the largest geographical segment in the commercial aircraft interiors market contributing to around 30% of the overall market size.
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The market for commercial aircraft interiors is estimated to grow steadily during the forecast period 2015-2020. Advances in the materials and technology coupled with the fierce competition of airline carriers for customer loyalty is driving the investments and growth in the commercial aircraft interiors market. Increasing aircraft fuel prices has forced the aircraft manufactures to reduce the overall weight through which they could improve the fuel efficiencies. The airline industries are observing the shifting preferences from on-time service to complete airline experience are a major driver for the commercial aircraft interiors market.
The 3D printing technology involves in building of physical objects using digital models and special metal deposition devices. The newly developed 3D printing machines have capability to fabricate complex components using varied materials such as steel, aluminum, titanium and other plastic composites. Several companies in the aircraft seating industry have already adopted this as a prototype technology and developed numerous aircraft components.
The focus of airlines is presently on reducing the overall weight of the aircraft by minimizing the production costs. The high use of composite materials in interior structures and panels is one of the prime examples of this strategy. 3D printing technology is being used primarily to manufacture economy class seating.
In the retro-fit market the European region is poised to have the fastest growth due to high number of retro-fit programs in the region owing to the regulating standards on fuel economy and emission levels. Major commercial airlines are aiming to reduce the overall weight of the aircraft by using composite materials in their interiors which can significantly impact the overall fuel economy of the aircrafts which in-turn could reduce the aircraft operating costs.
Following Key Players were also covered as part of the market landscape analysis:
- Zodiac Aerospace (France),
- B/E Aerospace (U.S.),
- Thales Group (France),
- UTC Aerospace Systems (U.S.)
- Panasonic Avionics Corporation (U.S.) and many more.
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