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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.
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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:
The global market is segmented on the basis of:
Value (USD Billion)
By Aircraft Type
By Seat Type