Aircraft Seating Market Statistics, Opportunities and Global Forecast to 2026

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According to the latest market research report
the Global Aircraft Seating Market size is
projected to grow from USD 4.1 billion in 2020
to USD 5.8 billion by 2026, at a CAGR of 5.8
from 2020 to 2026. The market is driven by
various factors, such as the growing demand
for seats installed with IFEC systems,
increasing number of premium economy seats, and
maintenance retrofitting of existing
aircraft. COVID-19 Impact on the Global Aircraft
Seating Market Aircraft seating market includes
major players Safran (Zodiac Aeropsace) (France),
Collins Aerospace (US), Geven S.p.A. (Italy),
RECARO Aircraft Seating (Germany), and HAECO
(Hong Kong). These players have spread their
business across various countries includes North
America, Europe, Asia Pacific, Middle East,
Africa, and South America. COVID-19 has impacted
their businesses as well. Industry experts
believe that COVID-19 could affect aircraft
seating production and services by 7 10
globally in 2020. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id906 The rapid spread of COVID-19 in
Europe, the US Asia Pacific has led to a
significant drop in demand for aircraft seating
globally, with a corresponding reduction in
revenues for various aircraft seating suppliers,
MRO service providers across all markets owing
to late delivery, manufacturing shutdown, the
limited staff at manufacturing facilities, and
limited availability of equipment. As per
industry experts, the global aircraft seating
demand is anticipated to recover by 2022
fully. Increase in Aircraft Orders is Driving the
Growth of OEM The OEM segment is expected to be
the largest market by value. The growth of the
OEM segment of the aircraft seating market can be
attributed to the growing demand for seats
installed with IFEC systems, increasing number of
premium economy seats. The WBA segment is
projected to witness a higher CAGR during the
forecast period Based on aircraft type, the wide
body aircraft segment is projectedto be the
highest CAGR rate for the aircraft seating
market during the forecast period. The demand for
interiors in wide boy aircraft is comparatively
more than narrow body aircraft and regional
transport aircraft as there is more space to
install wide seats and other cabin
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interior products. Major airlines operating wide
body aircraft are focusing on upgrading their
interiors to the latest technologies. The 16G
segment is projected to witness a higher CAGR
during the forecast period Based on seat type,
the 16G segment is projectedto be the highest
CAGR rate for the aircraft seating market during
the forecast period. According to the Federal
Aviation Administration (FAA), passenger
aircraft should have seats capable of
withstanding 16 times the force of gravity to
increase the chances of survivability of
passengers and flight attendants in case of
accidents. New seats undergo a series of tests to
determine their strength, similar to crash tests
which have to meet FAA safety standards. The
Asia Pacific market is projected to witness the
highest CAGR from 2020 to 2026 Asia Pacific is
projected to be the highest CAGR rate for the
aircraft seating market during the forecast
period. The growth of this region is attributed
to the countries in this region upgrading their
capabilities by undertaking developments in the
field of aircraft seating, thus offering a
significant opportunity for OEM manufacturers to
expand their businesses. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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