The report "Aircraft
Seating Market by Aircraft Type (NBA, WBA, VLA, and RTA), Seat Class
(First, Business, Premium Economy, and Economy), Component (Seat Actuators,
Foam & Fittings), Fit (Line-Fit, And Retrofit) and Region - Forecast to
2021", The global aircraft seating market is projected to
reach USD 16.94 Billion by 2021, at a CAGR of 14.15% from 2016 to 2021. Factors
such as increased demand for new aircraft globally, rise in air traffic, and
upgradation of aircraft programs are expected to drive the global aircraft
seating market.
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The
business class to dominate the global aircraft seating market with the highest
market share
On the basis of seat class, the
business segment dominates the global aircraft seating market with the largest
market share and is expected to continue its dominance over the next five
years. The demand for business class seats is primarily driven due to the
significant increase in air travel globally. The premium economy class segment
is expected to grow at the second highest CAGR during the forecast period.
The
very large aircraft (VLA) segment is expected to grow at the highest pace
during the forecast period
The VLA segment of the global
aircraft seating market is expected to grow at the highest CAGR during the
forecast period. It is expected to dominate the market due to the growing
prominence of advanced and comfortable aircraft seat design in the very large
aircraft.
The
global aircraft seating market is expected to witness the highest growth in the
Asia-Pacific region
The aviation industry in the
Asia-Pacific region has been witnessing strong growth over the past few years.
This growth, which is mainly driven by the increasing demand for new aircraft
deliveries and increasing air traffic in this region, is expected to boost the
global aircraft seating market. The aviation industry’s growth can also be
attributed to the increase in trade & tourism, as well as the increasing
disposable incomes of the middle class population in emerging economies, such
as India and China.
Key players in the global
aircraft seating market include B/E Aerospace, Inc. (U.S.), Zodiac Aerospace
(France), RECARO Aircraft Seating GmbH & Co. KG (Germany), Aviointeriors
S.p.A. (Italy), Acro Aircraft Seating (U.K.), Thompson Aero Seating Ltd.
(U.K.), and ZIM Flugsitz GmbH (Germany), among others
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