Commercial Aircraft Cabin Interior Market 2018 – Market Potential, Applications, Opportunities, Trends, Competitive and Investment Analysis by 2023

The Commercial Aircraft Cabin Interior Market is anticipated to register a CAGR of 12% over the forecast period (2018 – 2023).

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The major market drivers include the worldwide emphasis on travelers’ comfort and increasing air passengers. Demand would depend on passenger travel to a large extent; increment in traveler numbers would further increase the demand for commercial aircraft and cabin seats.

Rise in Demand for In-Flight entertainment Systems

In the present scenario, In-Flight Entertainment Systems (IFE) have widely spread on the modern flights. The usage of wireless technology in these systems has led to the increase in the satisfaction of level of both the passengers as well as the avionics companies. Some carriers—notably Qantas Airways and Alaska Airlines—have already adopted AVOD-to-PED IFEC for domestic flights. As crucial for airlines is that this service provides an excellent opportunity to derive revenue from their IFEC offerings. This is achieved by partnering with content providers to create long-term relationships with their passengers. Meanwhile, the providers, in addition to enhancing passenger IFEC capabilities, are upping their game to include better cockpit connectivity, flight tracking, quick access recorders and other resources which will lead to a rise in the demand for the in-flight entertainment systems for commercial aircrafts.

Growth of the Aviation Industry in the Developing Countries

The aviation industry has been growing significantly in the developing countries. According to IATA (International Air Transport Association) predictions, the market for air passengers will reach 7.8 billion by 2036 with Asia-Pacific being the biggest region to witness an increase in the number of air travelers by 2036. According to IATA China, India, US, Indonesia and Turkey shall become the fastest growing markets in terms of annual additional passengers by the year 2036 with China witnessing a surge of 921 million new passengers, India (337 million new passengers), US (452 million new passengers), Indonesia (235 million new passengers), and Turkey (119 million new passengers) by 2036. Flight routes to, from and within the Asia-pacific region shall witness extra 2.1 billion passengers by 2036 and shall record to be the third highest market behind Africa and the Middle-East. The North American region shall carry a total of 1.2 billion passengers, an addition of 452 million passengers by the year 2036. The European region carry additional 550 million passengers by 2036.

The Chinese aviation market shall witness a surge in 2018, following favorable policies in the aviation market. According to CAAC (Civil Aviation Administration of China) new regulations set by the Chinese government that will enable both state as well as private firms to join and invest in the Chinese aviation industry eventually leading to the growth in the aviation industry in China.

The above mentioned government regulations as well as IATA data points towards a significant growth in the aviation industry in the developing countries.

Key Developments in the Market:

• March, 2017: Bombardier Commercial Aircraft announced that they are showcasing their best in-class C series cabin and newly redesigned CRJ cabin at the Aircraft Interior Expo in Hamburg. The C class interiors provide higher level of comfort to the passengers as well as for the crew
• April 2017: B/E Aerospace has announced that United Airlines are expanding the transformation of their customer experience with the best in class economy seating innovation and have collaborated with B/E Aerospace.

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Major Players: C & D Zodiac, B/E Aerospace, Recardo Aircraft Seating Gmbh & Co, Thales, Thomson Aero Seating amongst others.

Reasons to Purchase this Report :

• Provides Latest Insights into the commercial aircraft cabin interior market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the region expected to witness fastest growth in the market
• 3 months analyst support along with the Market Estimate sheet (in excel)

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Posted by Rahul Jadhav on Thursday May 17 2018, 1:49 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0