Thursday 16 June 2016, Amsterdam
The report, now available on ASDReports, "Aircraft Cabin Interiors Market by Fit (Line, Retro), Product Type (Seating, IFEC, Galley Equipment, Cabin Lighting, Windows & Windshield, Lavatory), Aircraft Type (NBA, WBA, VLA, RTA) and Region (Line Fit, Retro Fit) - Global Forecast to 2021", The aircraft cabin interior market is projected to reach USD 29.16 Billion by 2021, at a CAGR of 11.57% from 2016 to 2021. Factors such as increasing number of aircraft orders, growing regional economies; modernization of aircraft programs to reduce operational costs, and increasing demand for air travel are expected to drive the global aircraft cabin interiors market.The seating segment to dominate the aircraft cabin interiors market
On the basis of product, the seating segment dominates the aircraft cabin interiors market and is expected to continue its dominance over the next five years. The demand for aircraft seating is primarily driven by upgradation of aircraft programs to reduce operational cost, increasing aircraft deliveries, and significant growth in air traffic across the globeThe retrofit segment is expected to grow at the highest pace during the forecast period.
The retrofit segment dominates the overall aircraft cabin interiors market, by fit and is expected to exhibit a similar trend during the forecast period. It is expected to dominate the market on account of modernization of aircraft programs to reduce operational costs and the replacement requirement for aircraft cabin interiors including seating, galleys, windows & windshields, cabin lighting, lavatory, and IFEC.The aircraft cabin interiors market is expected to witness the highest growth in the Asia-Pacific region.
The Asia-Pacific region has been witnessing strong growth in the aviation industry over the past few years, mainly driven by increasing demand for new aircraft deliveries and increasing air traffic in this region, which in turn is expected to boost the aircraft cabin interiors market. This growth can also be attributed to the increase in trade and tourism, increasing disposable of the middle class population in emerging countries such as India and China.
Key players in the aircraft cabin interiors market includes Thales Group (France), Honeywell International Inc. (U.S.), Diehl Stiftung & Co. KG (Germany), B/E Aerospace (U.S.), United Technologies Corporation (U.S.), Luminator Technology Group (U.S.) Panasonic Corporation (Japan), and PPG Industries Inc. (U.S.) among others.
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