Aircraft Seating Market Strategic Insight & Global Forecast to 2027

Posted by Sandeep Roy on November 19th, 2019

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 2027", is projected to grow from USD 7 billion in 2019 to USD 12 billion by 2027, at a CAGR of 8% from 2019 to 2027. Increase in aircraft orders, rise in number of premium economy class seats, and maintenance & retrofitting of existing aircraft are some of the key factors driving the growth of the aircraft seating market.

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Business class segment projected to lead the aircraft seating market over the forecast period

Based on class, the aircraft seating market has been segmented into business class, first class, premium economy class, and economy class. The business class segment is projected to lead the aircraft seating market during the forecast period while the premium economy class segment is projected to grow at the highest CAGR from 2018 to 2025.

Narrow body aircraft segment projected to grow at the highest CAGR during the forecast period.

Based on aircraft type, the aircraft seating market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, and business jets. The narrow body aircraft segment is projected to grow at the highest CAGR from 2018 to 2025 due to the increasing number of new aircraft orders and rising demand from low-cost carriers for domestic travels, globally.

OEM segment projected to lead the aircraft seating market during the forecast period.

Based on end user, the aircraft seating market has been segmented into OEM, aftermarket, and MRO. The OEM segment is expected to lead the aircraft seating market during the forecast period. With the commercial aviation sector growing significantly across the globe due to an exponential increase in air passenger traffic, the demand for new aircraft is increasing year on year. This rising demand for new aircraft is expected to drive the growth of the OEM segment of the market during the forecast period.

North America is estimated to account for the maximum share in the aircraft seating market in 2018

The aircraft seating market has been studied for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The North American region led the aircraft seating market in 2017. Major commercial aircraft manufacturers, such as Boeing (US) and Bombardier (Canada), are based in this region, thereby leading to the increased demand for products used in aircraft seating.

Key Market Players

Major players operating in the aircraft seating market include Zodiac Aerospace-Safran (France), B/E Aerospace-Rockwell Collins, Inc. (US), Geven S.p.A. (Italy), RECARO Aircraft Seating (Germany), HAECO Americas (US), Lufthansa Technik (Germany), and Stelia Aerospace (France).

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
Articles Posted: 508

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