Aerospace Interior Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Technological Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3317
Aerospace Interior Market size will register exponential gains to 2025 propelled by rising aircraft deliveries along with increasing focus of airliners to offer premium flight experience to air passengers during the flight journey. Aircraft manufacturers are continuously focusing on improving profitability of airliners by properly utilizing aircraft floor area to increase seating capacities. The emergence of premium in-flight facilities including the availability of screens, entertainment devices, and proper luggage containment capabilities are further boosting the industry size.
OEM’s are continuously investing in developing advanced aircraft interiors for reducing fatigue and enhancing the overall in-flight experience. The increasing preference for enhancing the premium class cabins with the incorporation of a wide range of premium facilities including lie-flat beds, personal cabin space, ability to hold laptops and personal equipment further accentuates the aerospace interior market share.
The increasing ageing aircraft fleet along with rising focus of airline operators to enhance air travel and attract a wide range of passengers are providing a positive outlook for the aerospace interior market expansion. Additionally, growing adoption of lower weight and high strength materials for producing aircraft interiors further accentuates the market demand globally. For instance, in 2014, Air Canada carried out the conversion of its 777 aircrft with the introduction of international business class cabin along with 180 degree lie-flat beds, thereby expanding the industry share over the study timeframe.
Based on aircraft, the aerospace interior market is segmented into commercial aircraft, regional jet, private jet, military aircraft, and helicopters. Commercial aircraft will account for a considerable share over the projected timeframe. This can be attributed to the increasing preference of air travelling passengers to opt for premium and high-quality flight experience. Additionally, the incorporation of high-end in-flight entertainment devices for enhancing the air passenger in-flight travel further accentuates the segment share.
Based on application, aerospace interior market share is segmented as stowage bins, inflight entertainment, lavatories, interior panels and others. Interior panels will account for a significant share in the overall market share. This can be attributed to the increasing usage of panels for flooring, ceiling, along with cargo floors. Additionally, the usage of a wide range of adhesives and bonding materials along with the usage of light weight and highly durable materials for panel construction further expands the segment size over the study timeframe.
The aerospace interior market size based on resin is segmented into acrylic resin, epoxy resin, polyurethane resin, cyanoacrylate resin, and others. The epoxy resin will showcase considerable growth over the study timeframe. This can be credited to the superior mechanical properties offered including voltage resistance, enhanced water absorption, and high impact strength. The ability of the resin to perform efficiently across a wide temperature range along with superior water resistance further expands the segment size.
Based on fit, the market share is segmented into line fit and retrofit. Retrofit is expected to grow significantly over the projected timeframe. This can be attributed to the requirement for periodic inspection and maintenance of aircraft interiors for detecting any defects and malfunctions. Additionally, airliners across the globe are continuously investing in modernization programs for improving their aircraft interiors to attract a wide customer base, thereby expanding the business growth.
Europe aerospace interior market share will witness significant gains owing to the increasing preference of airliners to upgrade their existing aircrafts with technologically advanced components and equipment for improving the overall flight experience. For instance, in October 2018, Rockwell Collins entered into a strategic partnership with Atlantic Aviation Group for carrying out the modernization programs for its 757 and 767 aircrafts. Additionally, the program also includes the replacement of existing aircraft screens with large display systems (LDS).
Few of the major players in the aerospace interior market share include Huntsman Corporation, 3M, Henkel AG & CO, KGaA, Arkema S.A, Delo Industries, Solvay S.A, Avery Dennison Corporation, and Hexcel Corporation. Industry players are engaged in strategic acquisitions and partnerships for expanding their market share. For instance, in March 2018, Lantal acquired Airline Services Interiors for complementing its product portfolio with a wide range of high quality and customized aircraft cabin interior solutions.
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