Dublin, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The "Aircraft Seating Market by Class (Business, First, Premium Economy, and Economy), End Use (OEM, Aftermarket, and MRO), Aircraft Type (NBA, WBA, RTA and Business Jets), Materials, Components and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global aircraft seating market size is projected to grow from USD 6.3 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 6.8% from 2022 to 2027.
Increasing number of premium economy seats
Major airlines are increasing the number of premium economy seats in aircraft owing to their increasing popularity as an alternative to first class and business class seats. The premium economy class has been designed as a class between the first and business class to bridge the gap between the sardine style economy experience and the opulence of the business class. It offers wider seats, more legroom and finer dining and ismade for travellers who are unable to afford business class.
The premium economy class is major attraction for passengers as it is less expensive than business class and more comfortable than economy class. This has increased the rate of air travel as passengers wish to fly in comfort at the minimum cost. Thus, air traffic will increase, which will demand more arcraft and subsequently a greater number of aircraft seats.
Major airlines offer some level of premium service; Qatar Airways (Qatar), Ethihad (UAE), and Emirates (UAE). However, Emirates has announced a new premium class to be rolled out by December 2022. On the other hand, Sinagpore Airlines had initially wiped out first class Cabins until October 2021 and later resumed the services from March 2022 along with newly added premium economy seats. These changes reflect a shift in trends that place business as the new first class and the premium economy as the new business class.
Based on end use, the OEM segment of the aircraft seating market accounts for the highest CAGR during the forecast period
Based on end use, The OEM segment is expected to be projected to have the highest CAGR for the aircraft seating market during the forecast period. The OEM segment in the aircraft seating market growth is attributed to the increase in number of aircraft deliveries and increasing restructuring of aircraft seats by airlines to increase the seat capacity.
Based on Region, the North American segment of the aircraft seating market is projected to have the largest market share in 2022.
Based on the region, the North American region of the aircraft seating market is projected to grow at a rate of 7.3%. The presence of major OEM players in this region is driving the market. Major aircraft seating OEM manufacturing companies of North America, including HAECO (Hong Kong), Collins Aerospace (US), Adient Aerospace (US).
Based on Aircraft Type: The Narrow Body Aircraft is the fastest-growing segment of the aircraft seating market.
Based on aircraft type, the narrow body aircraft segment is projected to be the fastest growing segment of the aircraft seating. The increase in passenger traffic creates demand for economy seats in narrow body aircraft.
Major players operating in the aircraft seating market are Safran (France), Collins Aerospace (US), Geven S.p.A. (Italy), RECARO Aircraft Seating (Germany), and HAECO (Hong Kong).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Aircraft Seating Market
4.2 Aircraft Seating Market, by End Use
4.3 Aircraft Seating Market, by Class
4.4 Aircraft Seating Market, by Aircraft Type
4.5 Aircraft Seating Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Seats Installed with Ifec Systems
5.2.1.2 Increasing Number of Premium Economy Seats
5.2.1.3 Maintenance & Retrofitting of Existing Aircraft
5.2.2 Restraints
5.2.2.1 Shortage of Profitable Airlines in Emerging Economies
5.2.2.2 Stringent Regulatory Norms and Product Certification Procedure
5.2.3 Opportunities
5.2.3.1 Rise of Low-Cost Airlines
5.2.3.2 Growing Urban Air Mobility Platforms
5.2.4 Challenges
5.2.4.1 Regulations to Install 16G Seats in All Aircraft
5.2.4.2 High Installation Cost of Ifec Systems
5.3 Trends/Disruptions Impacting Customers' Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Aircraft Seating Market
5.4 Aircraft Seating Market Ecosystem
5.5 Technology Analysis
5.6 Use Case Analysis
5.6.1 Use Case: Creating Efficient Seating Structures to Benefit Customers
5.6.2 Use Case: Aircraft Seating with Increased Leg Room
5.6.3 Use Case: Interspace Lite Seat Adaptation
5.7 Value Chain Analysis of Aircraft Seating Market
5.8 Pricing Analysis
5.8.1 Average Selling Price of Aircraft Seating, by Class
5.9 Volume Data
5.10 Porter's Five Forces Analysis
5.11 Key Stakeholders and Buying Criteria
5.12 Tariff and Regulatory Landscape
5.13 Trade Data Analysis
5.14 Key Conferences and Events in 2022-2023
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Advanced Material
6.2.2 Lightweight Aircraft Seat
6.2.3 In-Flight Entertainment (Ife) Technology
6.2.4 Titanium Seat
6.2.5 Smart Seats
6.3 Supply Chain Analysis
6.4 Impact of Megatrends
6.4.1 Implementation of Sustainability
6.4.2 3D Printed Seats Using Latticing
6.5 Innovations and Patent Registrations
7 Aircraft Seating Market, by End Use
7.1 Introduction
7.2 OEM
7.2.1 Increase in Aircraft Orders to Drive Segment's Growth
7.3 MRO
7.3.1 Increasing Demand for Seat Maintenance, Repair & Overhaul by Airlines
7.4 Aftermarket
7.4.1 Seat Upgrading to Boost Growth of Aftermarket Segment
8 Aircraft Seating Market, by Class
8.1 Introduction
8.2 First Class
8.2.1 First-Class Seat Components
8.2.1.1 Structures
8.2.1.1.1 New Additional Features for First-Class Seat Structures
8.2.1.2 Foams
8.2.1.2.1 New Developments in Aircraft Seat Foam
8.2.1.3 Actuators
8.2.1.3.1 Increasing Demand for Lightweight Seat Actuation Systems
8.2.1.4 Electrical Fittings
8.2.1.4.1 Provision of Usb Ports Along with AC/DC Power Outlets
8.2.2 First-Class Seat Materials
8.2.2.1 Cushion Filling Materials
8.2.2.1.1 Use of Polyurethane, Neoprene, and Polypropylene Foam in First-Class Seats
8.2.2.2 Structure Materials
8.2.2.2.1 Use of Plastic Moldings to Reduce Overall Weight of Aircraft
8.2.2.3 Upholsteries & Seat Covers
8.2.2.3.1 Use of Leather in First-Class Seat Upholsteries
8.3 Business Class
8.3.1 Business Class Seat Components
8.3.1.1 Structures
8.3.1.1.1 Growing Demand for Thinner Structure for Business Class Seats
8.3.1.2 Foams
8.3.1.2.1 Eight-Sided Foam Spring in Business Class
8.3.1.3 Actuators
8.3.1.3.1 Provision of Quiet Seat Motion in Business Class Seats
8.3.1.4 Electrical Fittings
8.3.1.4.1 Essential Parameter in Business Class Seats
8.3.2 Business Class Seat Materials
8.3.2.1 Cushion Filling Materials
8.3.2.1.1 Use of Foam with Fire-Blocking Textile
8.3.2.2 Structure Materials
8.3.2.2.1 Use of Alloys and Resins in Electrical Fittings
8.3.2.3 Upholsteries & Seat Covers
8.3.2.3.1 Use of Genuine or Artificial Leather to Enhance Customer Experience
8.4 Premium Economy
8.4.1 Premium Economy Class Seat Components
8.4.1.1 Structures
8.4.1.1.1 Additional Amenities Attracting Passengers
8.4.1.2 Foams
8.4.1.2.1 Use of Memory Foam in Premium Economy Seats
8.4.1.3 Actuators
8.4.1.3.1 High Demand for Seat Actuation Systems in Premium Economy Class
8.4.1.4 Electrical Fittings
8.4.1.4.1 Rising Demand for Configured Seats with Electrical Fittings in Premium Economy Class
8.4.2 Premium Economy Class Seat Materials
8.4.2.1 Cushion Filling Materials
8.4.2.1.1 Demand for Polypropylene, Neoprene, and Silicon
8.4.2.2 Structure Materials
8.4.2.2.1 Increasing Use of Composites and Plastic Moldings
8.4.2.3 Upholsteries & Seat Covers
8.4.2.3.1 Use of Polyester and Nylon Seat Upholsteries
8.5 Economy
8.5.1 Economy Class Seat Components
8.5.1.1 Structures
8.5.1.1.1 Demand for Lighter Seat Structure
8.5.1.2 Foams
8.5.1.2.1 Use of Foams to Make Thinner Economy Seats
8.5.2 Economy Class Seat Materials
8.5.2.1 Cushion Filling Materials
8.5.2.1.1 Less Usage of Cushion Filling Materials
8.5.2.2 Structure Materials
8.5.2.2.1 Use of Titanium Seats in Economy Class
8.5.2.3 Upholsteries & Seat Covers
8.5.2.3.1 Use of Fabric, Cotton, and Fr Polyester
9 Aircraft Seating Market, by Aircraft Type
9.1 Introduction
9.2 Narrow Body Aircraft (NBA)
9.2.1 Increase in Passenger Traffic Creates Demand for Economy Seats in Narrow Body Aircraft
9.3 Wide Body Aircraft (Wba)
9.3.1 Demand for Wba in Ultra-Long-Range Travel Sector
9.4 Business Jets
9.4.1 Innovation in Business Class Seat Architecture
9.5 Regional Transport Aircraft (RTA)
9.5.1 Increasing Demand for Turboprop Aircraft to Drive Market
10 Aircraft Seating Market, by Seat Type
10.1 Introduction
10.2 9G
10.2.1 9G Seats No Longer in Use
10.3 16G
10.3.1 16G Seats Mandatory for All Passenger Aircraft
11 Aircraft Seating OEM Market: Regional Analysis
12 Aircraft Seating Mro Market: Regional Analysis
13 Aircraft Seating Aftermarket: Regional Analysis
14 Competitive Landscape
14.1 Introduction
14.2 Revenue Analysis of Key Players, 2021
14.3 Market Share Analysis of Key Players, 2021
14.4 Company Evaluation Quadrant
14.4.1 Global Company Evaluation Matrix, 2021
14.4.1.1 Stars
14.4.1.2 Pervasive Players
14.4.1.3 Emerging Leaders
14.4.1.4 Participants
14.4.2 Competitive Leadership Mapping (SME)
14.4.2.1 Progressive Companies
14.4.2.2 Responsive Companies
14.4.2.3 Starting Blocks
14.4.2.4 Dynamic Companies
14.4.2.5 Competitive Benchmarking
14.5 Competitive Scenario and Trends
14.5.1 Product Launches
14.5.2 Deals
15 Company Profiles
15.1 Introduction
15.2 Key Players
15.2.1 Safran
15.2.2 Collins Aerospace
15.2.3 Recaro Aircraft Seating
15.2.4 Jamco Corporation
15.2.5 Haeco
15.2.6 Geven S.P.A.
15.2.7 Afi Klm E&M
15.2.8 Lufthansa Technik
15.2.9 Stelia Aerospace
15.2.10 Zim Aircraft Seating
15.2.11 Acro Aircraft Seating
15.2.14 Thompson Aero Seating Limited
15.2.15 Expliseat
15.2.16 Adient Aerospace
15.2.17 Jpa Design
15.3 Other Players
15.3.1 Inseat Solutions
15.3.2 Tsi Seats
15.3.3 Mac Interiors
15.3.4 Mirus Aircraft Seating
15.3.5 Ipeco Holdings Ltd.
15.3.6 Pitch Aircraft Seating Systems
15.3.7 Airgo Design
15.3.8 Molon Labe Seating
15.3.9 Pac Seating Systems
15.3.10 Iacobucci Hf Aerospace
15.3.11 Optimares S.P.A.
15.3.12 Intech Aerospace
15.3.13 Unum
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/dc34mz
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