Aircraft Cabin Interior Market is Expected to Reach a Value CAGR of 3.2% During 2016-2026

Introduction

Aircraft cabin interior components make up the interior of an aircraft. These components provide the aircraft cabin with relevant aesthetics and structural integrity. Components that make up the aircraft cabin interior range from windows to seats, and are assembled in such as way within the aircraft fuselage that it can be fitted and withdrawn easily.

Global aircraft cabin Interior market is projected to ascend at a CAGR of 3.2% in terms of revenue over the forecast period (2016–2026) driven by various factors

Drivers and Trends

Increase in preference for air travel over the years is the key driving factor fueling growth of the aircraft cabin interior market, while higher number of aircraft leasing by major airline carriers, frequent refurbishment of aircraft interiors in order to keep the aircraft fleet appealing and increasing number of long flight travels prompting for adoption of improved interior components are other drivers driving growth of the market.

Bridging the gap between economy seating and business seating called the premium economy seating and implementation of in-flight entertainment systems in all classes of seating are major emerging trends observed in the aircraft cabin interior market

Market Segmentation

The product type segment of the aircraft cabin interior market comprises flooring, sidewalls/liners, carts, overhead bins, seats, lavatory, monuments, windows and others. The seats segment holds the highest market share of 28.2% in aircraft cabin interior market, while overhead bins segment is anticipated to grow the fastest in terms of value at a CAGR of 5.0% over the forecast period. This is due to preference of passengers opting to carry more compartment luggage into the aircraft cabin.

On the basis of aircraft type, the market has been segmented into large body aircraft, wide body aircraft and narrow body aircraft. Due to economic constraints and improvement in regional operations of air travel, narrow body aircrafts is the most attractive segment in the aircraft type accounting for over 55% of the global market.

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On the basis of distribution channel, the market has been segmented to OEM and aftermarket. While OEM is the most common sales route preferred by aircraft manufacturers, aftermarket is gaining steady traction, as airline carriers frequently renovate their aircraft cabin interiors.

Key Regions

Latin America and Asia Pacific excl. Japan are the most promising regions for growth of the market, with airline carriers in the region placing large orders for narrow body aircraft, while major airlines in the Middle East and Africa region are focusing on expand their fleet of large body aircraft, in turn driving market growth. In contrast, growth of the aircraft cabin interior market in North America and Europe may grow at a slower pace due to decline of aircraft orders. Despite slow growth, North America holds the highest market share of 33.8% in terms of sales revenue generated by the market.

Key Players

Major players identified in the aircraft cabin interior market are B/E Aerospace, Inc., Zodiac Aerospace S.A. and Diehl Stiftung & Co. KG. contributing a combined market share of over 70%. Other major players are United Technologies Corporation, HAECO Group, Aviointeriors S.p.A., Geven S.p.A., Bucher Group, Panasonic Avionics Corporation, Turkish Cabin Interior Inc., SCI Cabin Interiors and factorydesign that cater to aircraft manufacturers and airline carriers. Strategies employed by key players to enhance their market presence is by technical innovations of products and improved product customization, while mergers and acquisitions are being pursued at a much slower pace.

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