GlobalAircraft Seating Market was valued US$ XX Bn in 2018 and is expected toreach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period.
GlobalAircraft Seating Market was valued US$ XX Bn in 2018 and is expected toreach US$ XX Bn by 2026, at a CAGR of XX% during the forecast period.
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Global Aircraft Seating MarketOverview:
Aircraft seats are particularlydesigned to cater the needs of passengers, and offer functions like adjustableseats and power ports. The seats are made up of components that arefire-resistant, insulated, durable, lightweight, and strong. An upsurge in airpassengers has created a profitable opportunity for aircraft seat producers.Currently, passengers are more tending toward traveling through air transportas compared to road transport to save time. Manufacturers and airlines arealternative denser seating configurations, through slim and light-weight seatstemporarily reducing the seat width for more passengers per flight.
The report study has analyzedrevenue impact of covid-19 pandemic on the sales revenue of market leaders,market followers and disrupters in the report and same is reflected in ouranalysis.
Global Aircraft Seating MarketDrivers and Restraints:
Increasing demand for aircraftinteriors market is a significant factor driving the aircraft seating marketdemand over the estimated period. While a higher numerous aircraft leasing bymajor airline carriers, numerous refurbishment of aircraft interiors to keepthe aircraft fleet attractive and increasing number of long flight travelprompting for the adoption of enhanced interior components are other factorsthat are boosting the growth of the aircraft seating market. The aircraftseating market is mostly driven by factors like the increasing air traffic,aircraft deliveries, and up-gradation of aircraft programs. On the other hand,factors for example high installation price and slow growth in the airlinemarket in emerging nations such as India may hamper the growth of the aircraftseating market.
Global Aircraft Seating MarketSegmentation:
The global aircraft seating marketsegmented by Aircraft Type, Seating Class Type, Fit Type, Component, End User,and Region.
According to the seating classtype, the global aircraft seating market further segregated by Economy Class,Business Class, and First Class. The business-class in the aircraft seatingmarket will showcase a significant revenue share during the estimated period.This can be attributed to the emergence of high net worth individuals, openingnewer direct markets, promising trade policies, and rising import & exportactivities across the globe. Rising demand for innovative comfortable seatingarrangements in business class aircraft will further improve the segmentgrowth.
Furthermore, the economy classheld a significant revenue share in the market thanks to rising per capita incometogether with the growing middle-class population in developing countries. Aswell, producers are increasing the seating capacity of economy class aircraft.Most of the manufacturers are continuously engaged in low-cost productionstrategies to decrease the airfare that is considerably strengthening segmentpenetration.
Region-wise, the global aircraftseating market further isolated by North America, Europe, Asia Pacific, MiddleEast, and Africa, and South America. North America is expected to dominate theaircraft seating market share, mostly on account of the presence of asignificant number of high net worth individuals in the region. Their existenceis expected to push up the demand for business class traveling. Actually, alongwith the aircraft seating market trends, business class seating will witness ademand spike during the upcoming period in North America. In the Asia Pacificregion, operational proficiency of aircraft OEMs, for example, Mitsubishi isexpected to fuel the market in the region throughout the forecast period.
Global Aircraft Seating MarketRecent Strategic Development:
In Mar 2019, Thompson signed anagreement with Swiss International Air Lines AG, to supply new business classand first-class seats for its Airbus A340 model. As well, in Feb 2019, Thompsonsigned one more contract for the advance business class seats in its SingaporeAirlines’ Boeing 737 MAX 8 fleet. The upgrades are to launch in May 2020 andwill be part of the investment program that ultimately will see the merger ofSilkAir with SIA.
The objective of the report is topresent a comprehensive analysis of the Global Aircraft Seating Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers and new entrants by Region. PORTER, SVOR, PESTELanalysis with the potential impact of micro-economic factors by Region on themarket have been presented in the report. External as well as internal factorsthat are supposed to affect the business positively or negatively have beenanalyzed, which will give a clear futuristic view of the industry to thedecision-makers.
The report also helps inunderstanding Global Aircraft Seating Market dynamics, structure by analyzingthe market segments and project the Global Aircraft Seating Market size. Clearrepresentation of competitive analysis of key players by Type, price, financialposition, Product portfolio, growth strategies, and regional presence in theGlobal Aircraft Seating Market make the report investor’s guide.
Scope of the Global AircraftSeating Market: Inquire before buying
Global Aircraft Seating Market, ByAircraft Type
• Regional Jets
• Narrowbody
• Small Passenger Widebody
• Medium/ Large Passenger Widebody
• Turboprop
Global Aircraft Seating Market, BySeating Class Type
• Economy Class
• Business Class
• First Class
Global Aircraft Seating Market, ByFit Type
• Retro Fit
• Line Fit
Global Aircraft Seating Market, ByComponent
• Foams & Fittings
• Seat Actuators
• Others
Global Aircraft Seating Market, ByEnd User
• OEM (Original EquipmentManufacturer)
• MRO (Maintenance, Repair, andOverhaul)
Global Aircraft Seating Market, ByRegion
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in GlobalAircraft Seating Market
• Zodiac Aerospace Group
• RECARO Aircraft Seating GmbH& Co. KG
• B/E Aerospace, Inc.
• JAMCO Corporation
• Aviointeriors S.p.A
• Acro Aircraft Seating
• Geven S.p.A
• Mirus Aircraft Seating Ltd
• Thompson Aero Seating Ltd
• ZANKER PROMOTION GMBH
• HAECO Americas LLC
• Timco Aviation Services Inc.
• STELIA Aerospace S.A.S.
• TENRYU AERO COMPONENT CO., LTD.
• Martin-Baker Aircraft Co. Ltd
• PITCH AIRCRAFT SEATING SYSTEMSLTD
• Safran
• Collins Aerospace
• ZIM Flugsitz GmbH
• Jacobucci HF Aerospace S.P.A.
• Hong Kong Aircraft Engineering
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