Commercial Aircraft Seating Industry Outlook and Forecast to 2025

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The Commercial Aircraft Seating Market is
projected to reach 10.54 billion by 2025, at a
CAGR of 7.25 from 2018 to 2025. The base year
considered for the study is 2017, and the
forecast period is from 2018 to 2025. The market
includes the OEM, aftermarket, and MRO segments
that are witnessing growth due to the
increase in aircraft
deliveries, existing increasing
upgrades in aircraft, and focus on
maintenance of aircraft seats. However, the
regulatory framework certification and
shortage of profitable airlines in emerging
economies are expected to restrain the growth of
in-flight entertainment connectivity
market. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id906 Premium
economy class segment projected to grow at
highest CAGR from 2018 to 2025 Base on class,
the premium economy segment of the aircraft
seating market is projected to grow at the
highest CAGR during the forecast period. The
growth of this segment can be attributed to the
increasing demand for premium economy seats by
travellers owing to the cheaper ticket value in
comparison to business class seats. Emirates has
announced a new premium class to be rolled out by
2020. On the other hand, Singapore Airlines will
be cutting the number of first-class seats on its
next A380s, while the German airline Lufthansa
will do away with the first-class cabin
completely in its new Boeing 777-9s, leaving
business as the highest class on select flights.
These changes reflect a shift in trends that
place business as the new first class, and
premium economy as the new business
class. Narrow body aircraft segment projected to
grow at highest CAGR from 2018 to 2025 Based on
aircraft type, the narrow body aircraft segment
is projected to grow at the highest CAGR during
the forecast period. This segments growth can be
attributed to an increasing demand for narrow
body aircraft from low-cost carriers in emerging
economies. Low-cost airliners tend to procure
narrow-body aircraft, owing to their need for
short distance travel and the aircraft's easy
maintenance. Based on region, the Asia Pacific
aircraft seating market is projected to grow at
the highest CAGR during the forecast period. The
market growth in this region is largely
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due to increase in air passenger traffic from
countries such as India, China, Japan, and
Indonesia. The region has been witnessing growth
in domestic travel since the last decade, which
has led an increase in aircraft deliveries mostly
for low-cost carriers. Emerging markets require
new aircraft to meet the fast-growing traffic
demand. Hence, new airlines are being launched in
emerging economies, such as India and China,
where passenger traffic has been increasing at an
above average growth rate. Key Market
Players Major companies profiled in the report
include Zodiac Aerospace (France), B/E Aerospace
-Rockwell Collins, Inc. (US), Geven S.p.A.
(Italy), RECARO Aircraft Seating (Germany),
HAECO Americas (US), Lufthansa Technik (Germany),
Stelia Aerospace (France) among others. Ask for
Sample Report _at_ https//www.marketsandmarkets.com/
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