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Aircraft Seating Market to Rise at 7.39% CAGR till 2027; Increasing Number of Product Innovations will have a Huge Impact on Market Growth

September 18, 2020 | Aerospace & Defense

The global aircraft seating market size is projected to reach USD 7.69 billion by the end of 2027. The rise of the aerospace industry will have a positive impact on market growth. According to a report published by Fortune Business Insights, titled “Aircraft Seating Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Commercial, Business Jets, and Regional Aircraft), By Class (Economy Class, Premium Economy Class, Business Class, and First Class), By Seat Type (9g Seats, 16g Seats), By Components (Structure, Foams, Actuators, Electrical Fittings, and Others), By End-use (OEM and Aftermarket), and Regional Forecast, 2020-2027,” the market was worth USD 6.74  billion in 2019 and will exhibit a CAGR of 7.39% during the forecast period 2020-2027.


Aircraft seating is an important aspect of aircraft deliveries as it is used by almost all personnel during the flight. Although other factors hold greater significance, making aircraft seating comfortable and appealing remains a top priority for manufacturers. The presence of several large scale manufacturers in this sector will have a massive impact on the growth of the overall market in the coming years. The increasing number of flights and the increasing international as well as domestic flights across the world will bode well for market growth. The massive investments in the development of efficient aircraft interiors will create several growth opportunities for the companies operating in the global market. The ease of availability of raw materials, coupled with their low cost, will give a platform for rapid market growth.


Thompson Aero’s Vantage Series Picked up by Scandinavian Airlines


The report highlights a few of the major industry developments of recent times and discusses their impact on the global market. The efforts taken to implement advanced technologies in aircraft seating across the globe will have a positive impact on market growth. The presence of several large scale companies will subsequently affect the market in a positive way. Accounting to increasing product demand, companies are offering innovative products. It is observed that over the years, airlines have become less hesitant and more comfortable in selecting manufacturers that do not necessarily have a large scale stature. In September 2019, Thompson Aero Seating Ltd. announced that its latest variant of Vantage Seatings has been picked by Scandinavian Airlines for use in its new business class compartment. Such orders will encourage other companies in this sector and increasing number of company collaborations and contracts will emerge in favor of market growth.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/aircraft-seating-market-101680


Increasing Adoption of IFEC Systems to Aid Growth


The increasing adoption of in-flight entertainment and connectivity (IFEC) systems will bode well for the companies in this sector. The presence of several large scale companies is consequential to the massive potential held by aircraft seating and corresponding products. The integration of automated concepts in aircraft seating peripherals and the use of control systems through seating will have a huge impact on the growth of the overall market in the coming years.


Major Companies are Focused on Long-term Contracts


The global aircraft seating market is highly consolidated in nature as only a few companies dominate the global market. A few of the leading companies, including Collins Aerospace and Geven s.p.A. are focusing on long term contract with other SMEs and start-ups with the aim of capitalizing on the innovative concepts introduced by these companies.


List of companies profiled in the report:



  • Collins Aerospace (The U.S.)

  • ACRO Aircraft Seating Ltd (The U.K.)

  • Aviointeriors S.p.A. (Italy)

  • Embraer Aero Seating Technologies (EAST) (The U.S.)

  • Expliseat SAS (France)

  • Geven S.p.a. (Italy)

  • HAECO (China)

  • Iacobucci HF Aerospace S.p.A. (Italy)

  • JAMCO Corporation (Japan)

  • Encore, A Boeing Company (The U.S.)

  • Mirus Aircraft Seating Ltd (The U.K.)

  • RECARO Aircraft Seating GmbH & Co. KG (Germany)

  • STELIA Aerospace (France)

  • Thompson Aero Seating Limited (The U.K.)

  • Zim Flugsitz GMBH (Germany)

  • Safran (France)

  • Lufthansa Technik AG (Germany)


Industry Developments:



  • December 2019 –French company Safran announced that it will be providing 266 Z300 seats for A350 fleet newly procured by Air France airlines


The global market is segmented on the basis of:

















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Segmentation



By Aircraft Type



  • Commercial

  • Business Jets

  • Regional Aircraft



By Class



  • Economy Class

  • Premium Economy Class

  • Business Class

  • First Class



By Seat Type



  • 9G Seats

  • 16G Seats



By Component



  • Structure

  • Foams

  • Actuators

  • Electrical Fittings

  • Others



By End-use



  • OEM

  • Aftermarket



By Region



  • North America (the U.S. and Canada)

  • Europe (the U.K, Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Singapore, and Rest of Asia-Pacific)

  • The Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East and Africa)

  • South America (Brazil, and Rest of South America)


Aircraft Seating Market
  • PDF
  • 2019
  • 2016-2018
  • 155

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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