Aircraft Cabin Interior Market– Statistics And Analysis & Forecast To 2030Posted by Mrudula Anil Karmarkar on February 7th, 2023 The global aircraft cabin interior market size is expected to reach USD 41.11 billion by 2030, registering a predicted CAGR of 7.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market consists of seating, entertainment & connectivity, cabin lighting, galley, windows & windshields, stowage bins, aircraft interior panels, and more. The advancements in aircraft safety and technology have caused an increase in air passenger traffic worldwide. This has contributed to the immense growth of the aircraft cabin interior industry as the opportunities for companies in this segment are increasing year by year. Airlines are upgrading the consumer experience to leverage consumer loyalty. Airlines have understood the need to offer sophisticated, convenient, and comfortable cabin interiors, including modern entertainment and connectivity options for flights to bring back consumers to fly frequently. The aircraft cabin interior industry has the potential to grow in developing countries as affordable domestic airlines are entering the market. The main advantage of aircraft cabin interiors is that they can be deployed in small, medium, and large aircraft. The market remains strong even during the current pandemic and the global presence of the industry is growing rapidly as airlines push for more flights and follow governmental regulations. Aircraft cabin interiors have gained immense traction in India due to the operation of strong domestic airlines which fly frequently around the country. The market is widely present in Europe and North America as a result of many passengers preferring air travel. The aircraft cabin interior is growing in popularity as it is not just for air passengers’ security but also for their entertainment and connectivity while flying long distances. Along with the banking and financial industry, the aircraft cabin interior is deployed by the healthcare, information technology, and retail industries. Aircraft cabin interiors often are deployed in conjunction with encryption to add an even stronger layer of security for sensitive data. To Request Sample Copy of this report, click the link: During the onset of the COVID-19 pandemic, the aircraft manufacturing industry faced challenges to keep up with the production rate, all of which impacted the aircraft cabin interior market negatively. Therefore, the market was hit during this unprecedented event as a direct result of the decline in demand due to government restrictions on travel. In addition, the influx of even cheaper air travel led to profit-making challenges for airlines which further affected the demand. Post-COVID-19 pandemic, the market is being revived along with passengers flocking to travel via air, and the aircraft manufacturing sector catching pace to keep up with the backlog of deliveries. The aircraft cabin interior is an important aspect of passenger experience both for international and regional flights. Therefore, the market players’ expansion of portfolio offerings and enhanced aftersales services create product demand. The aftermarket has evolved and has created aftermarket cabin upgrade offerings. For instance, in august 2021, Cathay Pacific launched Airbus A320neo with upgraded aftermarket interior design for business class, economy seating, galleys, and washrooms by JPA design. Therefore, the development of new designs, products, and services by key market players increases market competition, thereby impacting the market positively. Aircraft Cabin Interior Market Report Highlights
The rise in deliveries of aircraft over the forecasted period is expected to drive the demand for aircraft cabin interiors. For instance, as per the commercial market outlook published by Boeing approximately 50% of the existing fleet is to be replaced in the next 20 years. Therefore, the demand for cabin interior market for the upcoming deliveries and upgradation is expected to increase, thereby, driving the growth of the overall industry. The increase in air traffic during the forecasted year is expected to create opportunities for key players. For instance, FACC AG at the international aviation trade fair AIX displayed next generation cabin which aims to focus on passenger needs and the use of sustainable materials. Therefore, the investment in the upgrades of cabin interior designs for enhanced user experience and application of sustainable materials is expected to create demand and drive the aircraft cabin interior market growth. The competition in this industry is very high, although the availability of substitutes is limited. Development in technology is allowing companies to ensure sustainable development and recreational next-generation designs while increasing the overall customer experience. The constant development of designs and usage of sustainable materials is leading the aircraft cabin interior industry towards new opportunities. As a result of globalization, air passenger traffic has increased which demands the inclusion of new airplane fleets. Thereby, the aircraft cabin interior trend has growth potential and real-life use cases. List of Key Players in the Aircraft Cabin Interior Market
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