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

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

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


1
Coherent market insightsMarket Research and
Business Consulting Services
https//www.coherentmarketinsights.com/market-insi
ght/aircraft-cabin-interior-market-3601
2
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.

3
  • 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..

4
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.

5
  • 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.

6
  • 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.

7
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.

8
  • 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.

9
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. 

10
  • 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.

11
  • Adoption of in-flight entertainment system and
    connectivity systems across all classes can
    present significant growth opportunities

12
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.

13
  • 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

14
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.

15
Value Chain Analysis
16
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.

17
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.

18
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    ght/aircraft-cabin-interior-market-3601

19
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20
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