“Growing air travel, increase in aircraft deliveries, and the need for
upgradation of aircraft are the key factors impacting the growth dynamics of
the global aircraft seating market”
The global aircraft
seating market has evolved over the years as one of the most focused areas with
respect to the aviation industry. The global aircraft seating market is
expected to grow from an estimated USD 8.74 billion in 2016 to USD 16.94
billion by 2021, at a CAGR of 14.15% from 2016 to 2021. The global aircraft
seating market is driven by factors, such as growing air travel, increase in
aircraft deliveries, and the need for upgradation of aircraft. Manufacturers of
aircraft seats focus on developing advanced products for the updated aircraft
models. While the retrofit segment of the global aircraft seating market is
projected to grow at the highest CAGR during the forecast period, growth of the
line-fit segment is expected to pick up pace during this period.
Browse 109 market data Tables and 62 Figures spread through 148 Pages
and in-depth TOC on "Aircraft Seating Market - Forecast to 2021"
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Aircraft manufacturers are
focusing on reducing the overall weight of the aircraft. Thus seat
manufacturers are aiming to manufacture slimmer and lighter seats. They are
developing smart designs for seats using lighter raw material which will
ultimately allow airlines to increase seating capacity without disturbing
passenger comfort.
The global aircraft seating
market report is segmented on the basis of seat class, includes first class,
business class, premium economy class and economy class. The business class
segment dominated the market as of 2016 as there is significant increase in
business class travelers globally. The premium economy class segment is
expected to grow at the second highest CAGR during the forecast period due to
the rise in global air passenger traffic. Manufacturers, such as B/E Aerospace,
Inc. (U.S.) and Zodiac Aerospace (France) are expected to gain from the growth
of this segment of the global aircraft seating market.
By aircraft type, the global
aircraft seating market is segmented into Narrow Body Aircraft (NBA), Wide Body
Aircraft (WBA), Very Large Aircraft (VLA), and Regional Transport Aircraft
(RTA). Currently, the driving factors for the above mentioned segments are rise
in air travel, rise in regional traffic, increase in low cost carrier airlines,
and growing aircraft orders globally. The VLA segment is projected to grow at
the highest CAGR during the forecast period, given the benefits of very large
aircraft seats which provide greater comfort. Manufacturers, such as B/E
Aerospace (U.S.), Recaro Aircraft Seating GmbH & Co. KG (Germany) and
Zodiac Aerospace (France) are expected to gain from the growth of this market
segment.
The North American and European
regions show the highest potential for the global aircraft seating market.
These two regions have the highest number of aircraft seat manufacturers among
all other regions and this trend is expected to continue in the near future.
The Asia-Pacific region is expected to experience significant growth in the
global aircraft seating market given the region’s growing air traffic. North
America accounted for the largest share of the global aircraft seating market
in 2016, as there is presence of big players, such as B/E Aerospace (U.S.) and
Recaro Aircraft Seating GmbH & Co. KG (Germany) in the region.
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