Aircraft Seating Market Growing at the Fastest Rate in APAC and North America Region

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Aircraft Seating Market Growing at the
Fastest Rate in APAC and North America Region The
Global Aircraft Seating Market 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, by Class, Type, End Use, Aircraft Type,
Materials, Components, and Region. 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. 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. Download PDF Brochure _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id906 The WBA
segment is projected to witness a higher CAGR
during the forecast period Based on aircraft
type, the wide body aircraft segment is projected
to 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
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
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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. The projected rise in GDP during the
next 10 years in emerging economies such as China
present significant potential for the
market. China, in recent times, has
attracted significant foreign investments due
to stable growth and robust developments in
the economy. The Civil Aviation Administration of
China (CAAC), Directorate General of Civil
Aviation of India, and the Australian Transport
Safety Bureau (ATSB) are among the regions
regulatory bodies that ensure adherence to safety
rules and air travel regulations within their
respective countries. The leading manufactures of
aircraft seats in the Asia Pacific include JAMCO
Corporation (Japan) and AirGo Design (Singapore),
among others which cater to the Asian market. Key
Market Players The aircraft seating market is
dominated by a few globally established players
such as Safran (Zodiac Aeropsace) (France),
Collins Aerospace (US), Geven S.p.A.
(Italy), RECARO Aircraft Seating (Germany), and
HAECO (Hong Kong). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id906
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