NEWARK, Del, June 13, 2023 (GLOBE NEWSWIRE) -- The global aircraft cabin interior market is anticipated to attain a valuation of US$ 20.7 billion in 2023 and is estimated to reach US$ 37.6 billion by 2033, and is likely to increase at a CAGR of 6.1% during the forecast period.
In recent years, there has been a significant increase in long-haul flights, which are characterized by non-stop air travel lasting over seven hours. This trend can be attributed to the extended traveling range of aircraft, resulting in shorter travel times and fewer transit complications. However, long-haul flights can pose challenges for passengers, including fatigue, restlessness, jet lag, and overall discomfort. To address these issues, airline carriers are prioritizing passenger comfort, leading to a growing adoption of comfortable, customizable, and technologically advanced cabin interior systems.
Get an overview about growth opportunities from 2023 to 2033 - Download this sample report now: https://www.futuremarketinsights.com/reports/sample/rep-gb-187
The landscape of global air transport has been transformed by the emergence of low-cost airlines, as reported by the International Civil Aviation Organization (ICAO). In 2018 alone, low-cost carriers were responsible for transporting an estimated 1.3 billion passengers. This shift has created a surge in demand for aircraft interior refurbishment and space optimization, particularly from low-cost carriers and regional airlines.
As per the Boeing Commercial Market Outlook and Airbus Market Forecast of 2019, there is a strong anticipation of a substantial rise in global air travel demand in the next decade. This growth is expected to be supported by the entrance of approximately 200 million individuals into the middle-class category worldwide. Consequently, the market for cabin interiors is projected to expand, benefiting from this increased demand.
Key Takeaways:
- United States aircraft cabin interior market is expected to grow with a CAGR of 6.1% during the forecast period.
- The demand for aircraft cabin interior in Russia is expected to grow with a CAGR of 5.9% during the forecast period.
- By distribution channel, the aftermarket segment is projected to grow with a CAGR of 6.8% during the forecast period.
- The market in China is expected to grow with a significant CAGR of 6.5% throughout the forecast period.
“A shift from conventional systems to more soothing and comfortable interior products in long-haul flights is expected to drive market growth during the forecast period,” - comments an analyst at FMI.
Not getting the data you are looking for? Our experts provide you with customized reports: https://www.futuremarketinsights.com/customization-available/rep-gb-187
Competitive Landscape:
The market for aircraft cabin interior is highly competitive, with numerous prominent industry players making substantial investments in their production.
The key industry players are United Technologies Corporation, Zodiac Aerospace S.A., HAECO Group, Diehl Stiftung & Co. KG, Aviointeriors S.p.A., Geven S.p.A., Bucher Group, Panasonic Avionics Corporation, Turkish Cabin Interior Inc., SCI Cabin Interiors, Factorydesign and Honeywell International, Inc.
Some recent developments in the market are:
- In July 2021, HAECO Cabin Solutions and Diehl Aviation joined forces through a strategic commercial agreement. This partnership enables them to offer a comprehensive range of aircraft interior components seamlessly.
- Collins Aerospace introduced an enhanced appearance for its Venue Cabin Management System in May 2021. The revamped graphical user interface (GUI) of Venue offers a streamlined and intuitive cabin control experience, maintaining a consistent look across the cabin's touch panels and the system's mobile device app.
- Diehl Aerospace has obtained a contract extension from Boeing in February 2021 to supply the interior lighting system for the Boeing 787 Dreamliner. The current contract, originally set to end by the close of 2022, has been extended into the next decade through a mutual agreement. This extension reinforces Diehl Aerospace's commitment to providing top-notch interior lighting solutions for the 787 Dreamliner and solidifies their partnership with Boeing.
- Collins Aerospace introduced its cutting-edge Hypergamut™ Lighting System in June 2022. This innovative lighting solution is set to be operational by early 2024, promising enhanced capabilities and an exceptional lighting experience for various applications.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global aircraft cabin interior market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the aircraft cabin interior market, the market is segmented on the basis of product type, aircraft type, application, distribution channel and region.
Ask our expert Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-187
Key Segments Profiled:
By Product Type:
- Sidewalls/Liners
- Carts
- Overhead Bins
- Seats
- Lavatory
- Monuments
- Windows
- Lights
- IFEC
- Flooring
By Aircraft Type:
- Narrow Body Aircrafts
- Wide Body Aircrafts
- Large Body Aircrafts
By Application:
- Seating System
- Gallery
- Cabin & Structure
- Equipment & System
By Distribution Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Table of Content (ToC):
1. Executive Summary | Aircraft Cabin Interior Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
View the Complete ToC of this Report: https://www.futuremarketinsights.com/toc/rep-gb-187
About the Automotive Division at Future Market Insights (FMI):
The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Explore Wide-ranging Coverage of FMI’s Automotive Landscape:
USA Automotive and Aircraft Interior Genuine Leather Aftermarket Share: Is likely to hold a revenue of US$ 8.36 billion in 2023 while it is anticipated to cross a value of US$ 11.79 billion by 2033.
Automotive Plastic Interior Trims Market Size: Is expected to surpass US$ 44 Billion, registering growth at a CAGR of 6% - 8% during the forecast period (2022 to 2032).
Automotive Soft Trim Interior Materials Market Demand: Is projected to reach US$ 9179 million by 2032, indexing a CAGR of 4.8% by the end of the forecast period.
Railway Interior Lighting Market Growth: Is valued at US$ 263.1 million in 2023 and is expected to be worth US$ 364.1 million by 2033, with a CAGR of 3.30% from 2023 to 2033.
Aircraft Refurbishing Market Trends: Is to reach from US$ 3.1 billion in 2023 to 5.4 billion by 2033.
Aircraft Exterior Lighting Market Demand: Is predicted to grow from US$ 535 million in 2023 to over US$ 1.0 billion by 2033.
Aircraft Generators Market Size: Is projected to grow from US$ 6.30 billion in 2023 to US$ 12.98 billion by 2033. Over this forecast period, the market for aircraft generators is estimated to register a CAGR of 7.5%.
Aircraft Sensors Market Share: Is anticipated to surpass a market valuation of US$ 13,211.0 million by 2033.
Automotive Lead Acid Battery Market Outlook: Is expected to attain a valuation of US$ 28.24 billion in 2023. The market is projected to reach US$ 47 billion by 2033, expected to register a CAGR of 5.2% from 2023 to 2033.
Automotive ADAS (Advanced Driver Assistance Systems) Market Trends: Is expected to grow at a CAGR of 9.6% during the forecast period and is anticipated to reach a valuation of US$ 131 billion by 2032.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
