April 28, 2022
According to the business intelligence report titled ‘Aircraft Seating Market Size, By Platform (Fixed Wing [Narrow Body, Wide Body, Regional Aircraft, Business Jets, Fighter Jets], Rotary Wing [Civil Helicopters, Military Helicopters]), By Class (First Class, Business Class, Premium Economy Class, Economy Class), By Fit (Line Fit, Retro Fit), COVID19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, aircraft seating market is expected to amass a considerable valuation by 2027.
Technological advancements and surge in air travel are the factors driving aircraft seating market growth. In addition, focus on cabin upgrade and refurbishment programs, combined with inclination towards private jets are likely to contribute to the surge in market trends in the forthcoming years.
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However, the onset of the Covid-19 pandemic and the ensuing lockdown mandates have severely affected the growth trajectory of the market in recent years.
Further, high cost of production and maintenance with regards to aircraft seating may pose as a challenge for industry expansion during the analysis timeframe.
Based on class, the economy segment is expected is slated to foresee a substantial growth rate through 2027, attributable to relaxations in lockdown restrictions across the globe that is likely to boost domestic and international air travel in the upcoming years.
Meanwhile, apart from economy class, premium economy class, business class and first class, the others segment is expected to exhibit a stable 5% CAGR and garner a sizable renumeration during the assessment period. This growth is credited to technical advancements like ejector seats in fighter planes & helicopters, along with lighter & stronger construction of aircrafts.
From a regional frame of reference, Latin America aircraft seating market is likely to register a CAGR of 5% during the study period, owing to increasing demand for advanced commercial aircrafts in the region. Improved air connectivity, and ever-surging aircraft orders & deliveries to meet the air travel demand will stimulate the regional trends.
The competitive landscape of the aircraft seating market is framed by TSI Seats, PAC Seating Systems, Martin-Baker Aircraft Co. Ltd., Mac Aero Interiors, James Park Associates Ltd., Adient Aerospace, Safran S.A., Hong Kong Engineering Company Ltd., ZIM Aircraft Seating GmbH, Thompson Aerospace Seating Ltd., Stella Aerospace, Recaro Aircraft Seating GmbH & Co. KG, Mirus Aircraft Seating Ltd., Lufthansa Technik AG, Jamco Corporation, Lacobucci HF Aerospace S.p.A., Geven S.p.A, Expliseat SAS, Embraer Aero Seating Technologies, Collins Aerospace, and AirGo Design Pte Ltd.