Aircraft Seating Market worth over $16.5bn by 2027
Published Date: June 9, 2021 Authors: Kiran Pulidindi, Akshay Prakash
Aircraft Seating Market Size is set to surpass USD 16.5 billion by 2027, according to a new research study published by Global Market Insights, Inc.
Rapid technological advancements to improve infight passenger experience and comfort will provide a positive outlook for the market growth. Flammability requirements pertaining to aircraft textiles ensure aircraft cabin safety and improve occupant survivability during aircraft accidents. Shifting consumer inclination toward enhanced safety during air travel will propel the market expansion over the forecast timeframe.
In an aircraft, the seat is the most visible part of the cabin and it determines the level of service that passengers enjoy during the journey. The seat is high-strength & rigid, lightweight, flame-retardant, maintainable, insulated, etc., providing safety measures for passengers. The configuration may vary depending upon the cabin, such as wider seats, more legroom, and independent power connections. The outbreak of COVID-19 has brought serious economic problems and challenges to the aviation industry. Since the outbreak of the epidemic, the civil aviation sector has been one of the worst-hit industries in the world.
The premium economy class segment in the aircraft seating market will witness 6.5% growth rate through 2027. The intermediate cabin between business class and economy class plays an active role in cabin installation. The USP of the premium economy class is legroom space with a better inflight service, such as a faster platform for booking and boarding, thus fostering the demand for premium class seats in aircraft.
Browse key industry insights spread across 425 pages with 480 market data tables & 41 figures & charts from the report, “Aircraft Seating Market Size, By Platform (Fixed Wing [Narrow Body, Wide Body, Regional Aircraft, Business Jets, Fighter Jets], Rotary Wing [Civil Helicopters, Military Helicopters]), By Class (First Class, Business Class, Premium Economy Class, Economy Class), By Fit (Line Fit, Retro Fit), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rotary wing aircraft seating market is estimated to grow at a CAGR of 5% by 2027. The trend of rotary wing aircraft is mainly conjugated with versatility and flexible operational capability. Increasing demand for helicopters in the civil and military segments is an evident factor that will drive the demand for advanced & lightweight seats. As the demand for rotary aircraft is anticipated to show progression over the forecast period.
The retro fit segment holds over 30% of the market share by 2027. Retrofit activities provide airlines and defense aircraft with flexibility & quality. The retrofit seats offer the latest technological upgrades and features.
Continuous technological advancements to promote the product expansion
Europe aircraft seating market size was over USD 2.5 billion in 2020. The rapid technological advancements in aircraft seating structures are significantly augmenting the market value during the forecast timeframe. The growing prominence of low-cost carriers and regional jets will impel product penetration. According to CAPA, in 2019, the LCC fleet in Europe rose to 1,502 aircraft with an increase of over 0.3% compared to 2018.
Some of the major manufacturers operating in the market are Acro Aircraft Seating, Collins Aerospace, Jamco Corporation, Martin-Baker Aircraft Co., Ltd., Recaro Aircraft Seating, Safran SA, Stelia Aerospace, Thompson Aero Seating Ltd., Aviointeriors SpA , Airgo Design Pte Ltd., and Embraer S/A, among others.