A recent report published by
Infinium Global Research on the aircraft seating market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
aircraft seating market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional aircraft seating market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global aircraft seating market.
According to the report, the global aircraft seating market is projected to
grow at a CAGR of 6.38% over the forecast period of 2021-2027.
The revenue generated by the
market was approximately USD 10.36 billion in 2020 and is expected to reach
approximately USD 15.70 billion in 2027. The aircraft seat design plays a
crucial role in the survivability, comfort and passenger safety. Any aerial
accident or mishap such as improper landing seats in the aircraft can determine
the life and death. Through high shock absorption and high resistance towards
the gravitational pull or G force the seats in aircrafts can be adjudged as
secure. Aircraft seats have to go through rigorous testing, quality checks and
meet the high regulating standards to be qualified for installation in
aircrafts. An aircraft seat is made up of different materials that determine
the seat quality and level of comfort of the seat. The most common materials
used for making seats are silicon, nylon, polyethylene, artificial leather, and
The demand for new aircrafts is
growing around the world due to rise in air transportation of passengers and
cargo. The air traffic is growing rapidly which has prompted many airline
companies to order new aircrafts for lease them out. Thus, the manufacturing of
new aircrafts is growing and is expected to only increase in the near future.
According to annual market outlook of Boeing, the global commercial aircraft
fleet is projected to grow from 25,900 in 2019 to 49,405 till 2040 and most of
these aircrafts are expected to new models. The adoption of IFEC integrated
seats is growing among the manufacturers. IFEC (In-flight Entertainment and
Connectivity) integrated seats offer passengers way to keep themselves
entertained during flight hours specifically over long haul flights. Thus, to
provide optimal flying experience the airline companies are demanding the
installation of IFEC integrated seats in their aircraft fleets. Though, the
development of aircraft seats comes at a hefty costs and frequent maintenance
checks need to be carried out. Nevertheless, growing R&D in seating
material such as advanced and light weight materials is expected to give rise
to new opportunities in the market.
The Aircraft Seating market is
segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America is projected to dominate the aircraft seating market over the
forecast years. Many factors drive the growth of the market in the region.
Global aircraft manufacturers such as Boeing, Gulfstream and Lockheed Martin
are based in North America. Additionally, aircraft seat manufacturers such as
Collins Aerospace and Textron, Inc. are based and operate in the region.
Therefore, the supply and demand of aircraft seats is expected to remain high
in the region.
The report on global aircraft
seating market covers segments such as aircraft type, seating class, component,
and end user. On the basis of aircraft type, the sub-markets include wide body
aircraft, narrow body aircraft, regional transport aircraft, helicopters, and
others. On the basis of seating class, the sub-markets include business class,
first class, premium economy class, and economy class. On the basis of
component, the sub-markets include foams and fittings, seat actuators, and
others. On the basis of end user, the sub-markets include OEM, and MRO.
The report provides profiles of
the companies in the market such as Collins Aerospace, RECARO Aircraft Seating
GmbH & Co. KG, Hong Kong Aircraft Engineering Company Limited, Acro Aircraft
Seating Ltd, Aviointeriors S.p.A., Geven S.p.a., Safran SA, JAMCO Corporation,
Thompson Aero Seating Ltd., and ZIM Flugsitz GmbH.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of aircraft seating market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.