Aircraft Seating Market (Aircraft Type - Wide Body Aircraft, Narrow Body Aircraft, Regional Transport Aircraft, Helicopters, and Others; Seating Class - Business Class, First Class, Premium Economy Class, and Economy Class; Component - Foams and Fittings, Seat Actuators, and Others; End User - OEM, and MRO): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

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.

Market Insight

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 others.

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.