Aircraft Seating Market: Drivers and Challenges - PowerPoint PPT Presentation

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Aircraft Seating Market: Drivers and Challenges

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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. – PowerPoint PPT presentation

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Title: Aircraft Seating Market: Drivers and Challenges


1
Aircraft Seating Market Drivers and
Challenges According to the latest market
research the report "Aircraft Seating Market by
Class (Business, First, Premium Economy, and
Economy), Type (9g and 16g), End Use (OEM,
Aftermarket, and MRO), Aircraft Type (NBA, WBA,
VLA, RTA and Business Jets), Materials,
Components, and Region - Global Forecast to
2026", 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. Browse 607 market data Tables and
55 Figures spread
393 Pages TOC on
through depth Seating
and in- "Aircraft Global
Market -
Forecast to 2026" Download PDF Brocure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id906 Key Market Players The 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 710 globally in 2020. Based on
end use, the OEM segment is expected to lead the
aircraft seating market share during the forecast
period. 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. WBA segment is estimated
to be the fastest-growing market 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
2
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. Based on
the seat type, the 16G segment is expected to
lead the aircraft seating market share during the
forecast period. The 16G segment is estimated to
have the largest market share by value. 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 market for aircraft seating in the
Asia Pacific is projected to grow at the highest
CAGR rate during the forecast period 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. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id906
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