Market Overview
Global Commercial Aircraft Cabin Interior Market is anticipated to develop at a 6.81 % CAGR in the duration of the Forecast Period. Growth of fleet sizes fuelled by increasing passenger traffic has been instrumental to the growth of the commercial aircraft cabin interior market. There has been a significant rise in the level of investments from airlines in terms of cabin interior products so as to increase the comfort and luxury quotient of their service offering.
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Passenger comfort has been one of the key factors for the changes that are now transforming the commercial aircraft cabin interior market. Demand for light weight and fuel-efficient aircrafts are also responsible for the uptick in the demand curve of the market. In-flight entertainment incorporation in aircraft cabin interior designs has also increased the appeal of the market. Technological shift and the intricacy level in retrofitting aircraft interiors are the main challenges that can hamper the growth rate of the market.
Competitive Analysis
With the entry of new industry players in the commercial aircraft cabin interior segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The leading market players in the Global Commercial Aircraft Cabin Interior Market primarily include B/E Aerospace, Diehl Aerosystems, Honeywell International, Thales, Some of the other key players in the segment are Zodiac Aerospace, Aviointeriors, GKN Aerospace, Panasonic Avionics, Recaro Aircraft Seating, and Recaro Aircraft Seating Gmbh & Co. Kg.
Market Segments
The global commercial aircraft cabin interior market has been divided into product types, aircraft types, fit and region.
On The Basis Of Product Types: Seating, Lighting, Windows & Windshield, Galley and Lavatory
On The Basis Of Aircraft Types: Wide Body and Narrow Body
On The Basis Of Fit: Line Fit and Retro Fit
On The Basis Of Region: North America, Europe, Asia-Pacific, Middle East & Africa and Latin America
Regional Analysis
The commercial aircraft cabin interior market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2015, there were around 22,000 aircraft in service, majority of them from North America. This figure is likely to double in the next 20 years to reach around 40,000 aircraft. Improved affordability and accessibility will stimulate demand for air travel in established markets and meet the emerging travel needs of the growing middle-class population in the region.
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