Aircraft Cabin Interior Market Is Expected To Witness CAGR Of 3.0% During The Forecast Period (2019-2027)

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Market Overview

• The aircraft cabin is the part of the aircraft in
  which passenger travels. The aircraft cabin
  interior comprises components and systems that
  are used inside the cabin such as overhead bins,
  seats, monuments, lavatory, carts, and lights.
  The primary purpose of an aircraft cabin interior
  is to provide comfort and convenience to the
  passenger. Moreover, various airlines install
  mood lighting, new fiber seats, in-flight live
  and screening, which can be manually controlled
  by remote control. The global aircraft cabin
  interior market has been segmented on the basis
  of product type into sidewalls/ liners, carts,
  overhead bins, seats, lavatory, monuments,
  windows, and other products. Furthermore, the
  market is divided into by application, by
  aircraft type, by distribution channel, and by
  region segments.

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• The Global Aircraft Cabin Interior Market, By
  Product Type (Flooring, Sidewalls/Liners, Carts,
  Overhead Bins, Seats, Lavatory, Monuments,
  Windows and Others (Lights and IFEC)) By
  Application (Seating System, Galley, Cabin
  Structure and Equipment System), By Aircraft
  Type (Narrow Body Aircraft, Wide Body Aircraft
  and Large Body Aircraft) By Distribution Channel
  (OEM and Aftermarket) and by Geography (North
  America, Europe, Asia Pacific, and Latin America,
  Middle East Africa) - Global Forecast to
  2027, is expected to be valued at US 20,470.0
  million by 2027, witnessing a CAGR of 3.0 during
  the forecast period (2019-2027), as highlighted
  in a report published by Coherent Market
  Insights..

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Market Dynamics- Drivers

• Growing preference of consumer for air travel is
  expected to drive growth of the global aircraft
  cabin interior market during the forecast period
• According to International Air Transport
  Association (IATA) report, 2015, number of
  passengers traveling by air increased to 3.4
  billion passengers in 2015 from 3.3 billion
  passengers in 2014, registering a growth of 3.
  Furthermore, the high growth of tourism industry,
  rising international travel, higher disposable
  income, competitive ticket pricing, and a
  significant reduction in traveling time are
  compelling consumers to opt for air travel than
  other modes of commute. This, in turn, is
  influencing airline carriers to deploy new
  aircraft and thereby drive the growth of the
  global aircraft cabin interior market.

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• Rise in long-distance air travel boosting the
  demand for advanced and comforting interiors is
  expected to propel the global aircraft cabin
  interior market growth over the forecast period
• Long-haul flights or long-distance non-stop air
  travel of over seven hours of flight time has
  increased significantly in the recent past. This
  is owing to increasing traveling range of
  aircraft, which leads to shorter travel times and
  fewer transit complications. However, a long-haul
  flight can lead to various health complications
  such as fatigue, restlessness, jet lag, and
  overall discomfort for passengers. Airline
  carriers are focused on enhancing passenger
  comfort, which in turn, is increasing adoption of
  comfortable, highly customizable, and
  technologically advanced cabin interior systems
  to replace the existing conventional systems. The
  practice of fitting more comfortable and soothing
  aircraft cabin interior products in long haul
  flights is expected to support growth of the
  global aircraft cabin interior market over the
  forecast period.

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• North America region dominated the global
  aircraft cabin interior market in 2019,
  accounting for 33.3 share in terms of value,
  followed by Asia Pacific, Europe, MEA and Latin
  America, respectively.

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Market Dynamics- Restraints

• Reducing demand for large body aircraft across
  the globe is expected to hamper the global
  aircraft cabin interior market growth over the
  forecast period
• Large aircrafts comprising double decks and two
  aisles require higher number of aircraft cabin
  interior products. Naturally, number of monuments
  such as overhead bins, lavatories, galleys, and
  lighting systems are much higher than that of
  narrow-body aircraft. Airline carriers whose
  fleet comprising mostly of narrow-body aircraft
  generally tend to increase passenger capacity of
  aircraft by utilizing space taken up by these
  galleys and lavatories. Hence, demand for these
  galleys is expected to decrease, as cost of a
  single galley is much more than that of a row of
  seats, which is in turn, is expected to restrain
  the market growth.

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• Lack of profitable airlines in emerging economies
  is expected to hamper the global aircraft cabin
  interior market growth over the forecast period
• Emerging economies such as South Africa, India,
  and China have a limited number of profitable
  airlines. This is primarily due to low purchase
  power and constant preference for conventional
  methods of commute such as railways and buses.
  This, in turn, is expected to hinder growth of
  the global aircraft cabin interior market growth
  over the forecast period.

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Market Opportunities

• Customization and replacement of existing
  aircraft cabin interior components to provide
  major growth opportunities
• The global aviation industry is growing at a
  steady pace though there is intense competition
  among major airline carriers. These airline
  carriers make extreme efforts to increase
  passenger share by including more destinations,
  providing competitive prices, and refurbishing
  aircraft frequently. For instances, Thomson
  Airways cabin structure to accommodate the whole
  family, Air New Zealands SkyCouch, a row of
  three economy seats that together create a
  flexible space, and Etihad Airways The
  Residence, a three-room suite which has living
  room, bedroom, and shower room, has led to
  frequent customization and replacement of
  aircraft interior products. Moreover, on average,
  airline carriers replace their cabin interior
  products every 3 to 5 years to provide a new look
  and feel their aircraft. 

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• Adoption of in-flight entertainment system and
  connectivity systems across all classes can
  present significant growth opportunities
• First class and business class passengers receive
  special features and amenities such as
  personalized in-flight entertainment and
  communication systems for comfort and
  convenience. Until recently, amenities in economy
  class segment were kept to a bare minimum.
  However, rising competition in the global airline
  industry is compelling airline carriers to offer
  communications systems and in-flight
  entertainment in the economy class seating, in
  order to attract more passengers. For instance,
  certain airlines such as FlyDubai offer these
  amenities for a small pre-paid fee.

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• Adoption of in-flight entertainment system and
  connectivity systems across all classes can
  present significant growth opportunities

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Market Trends

• Product type trend
• Aircraft cabin interior differs as per the
  distance of the aircraft it will travel. For
  instance, long haul carriers are equipped with
  cabin interiors that are vastly different from
  medium- and short-haul carriers. Long-haul
  aircraft have passenger-centric cabin interiors,
  in order to enhance comfort and decrease fatigue
  with focus on ambient lighting, entertainment
  systems, and multi-functional galleys and seats.
  On the contrary, short-haul aircraft are designed
  in such a way that it increases passenger count
  without disturbing the comfort. In such cases,
  lightweight and thin construction of seats is
  being implemented in many short-haul budget
  airlines, while lighting, entertainment systems
  and galleys serve more as a functional aspect
  rather than a luxury. For instance, the Space
  Bin concept was introduced by Boeing to increase
  the capacity of overhead storage systems by 40.
  Alaska Airlines is the first airline carrier to
  adopt this concept, in which the overhead storage
  bins are made slightly taller so as to
  accommodate a hand luggage placed in an upright
  position.

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• Distribution type trend
• Sales of aircraft cabin interior components are
  the highest through OEM sales channel, due to
  large number of aircraft deliveries through the
  years. However, aftermarket sales of these
  components are gaining traction steadily, owing
  to rapid increase in number of aircraft leased
  and rising trend of renovating of aircrafts by
  the airline carriers to keeps its fleet new and
  more appealing to customers

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Segment Information

• In global aircraft cabin interior, by application
  segment, the Galley sub-segment dominated the
  global market in 2019, accounting for 35.8 share
  in terms of value, followed by seating system,
  equipments system and cabin system
  respectively.

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Value Chain Analysis
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Competitive Section

• Key players operating in the global aircraft
  cabin interior market are Aviointeriors S.p.A.,
  Factorydesign, B/E Aerospace, Inc., SCI Cabin
  Interiors, United Technologies Corporation,
  Turkish Cabin Interior Inc., Zodiac Aerospace
  S.A., Panasonic Avionics Corporation, Collins
  Aerospace, HAECO Group, Bucher Group, Diehl
  Stiftung Co. KG, and Geven S.p.A.

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Key Developments

• Key players in the market are focused on product
  launches, in order to expand the product
  portfolio. For instance, in August 2017, B/E
  Aerospace Inc., an aircraft cabin interior
  products manufacturer, launched Aspire Wide Body
  Main Cabin Seating with United Airlines.
• Major market companies are involved in product
  launches, in order to enhance the market
  presence. For instance, in April 2019, Collins
  Aerospace introduced µLED Reading light
  technology for aircraft cabins.

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