Aircraft Seating Market to Register 7.25% CAGR by 2028
Continuously evolving passenger
demand for comfortable air travel and increasing need for IFEC systems to drive
the Global Aircraft Seating Market through 2028.
According to TechSci Research report “Aircraft Seating Market - Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028,” the global aircraft
seating market was valued at USD1,877.27 million in 2022 and it is estimated to
reach around USD 2,821.85 million by 2028 accelerating
with a CAGR of 7.25% in terms of value. Due to the continuously growing global
economy, and the increasing per capita income the demand for comfortable passenger
air travel is continuously on a rise. As a result, higher number of aircraft
manufacturing companies are mounting up superior quality aircraft seats in
their aircrafts. Federal Aviation Administration (FAA) has issued regulations
regarding safer air travel and new rules were stated for the aircrafts
manufactured after October 2009, under which aircraft seats must be able to
withstand the force which is 16 times the force of gravity (16g seats), as
compared to the previous standard aircraft seats which were able to withstand 9
times the force of gravity (9g seats). The growth in the global aircraft
seating market is also driven by thriving demand for in-flight entertainment
and connectivity (IFEC) systems by the air travelers across the globe. Due to
the growing need for internet connectivity for business needs while travelling
in air, the aircraft seat manufacturing companies are increasingly setting up more
advanced internet connectivity systems in their manufactured aircraft seats and
the trend is expected to flourish in the forthcoming years as well. The
increase in income and improving living standards of the people is booming the
demand for tourism and travel industry, as a result the demand for commercial
aircrafts is increasing. The increasing demand for commercial aircrafts across
the globe is driving the global aircraft seating market. Since major aircraft
manufacturing companies are in North America and Asia-Pacific, the global
aircraft seating market is majorly dominated by North American region and the Asia
Pacific region. These two regions account for the highest number of aircraft
seat sales globally, with their combined market share of around 50% in 2022 in
the global aircraft seating market. These two regions are comparatively dominating
against the other regions based on their net orders of the aircraft seats across
the globe. In North America, United States holds maximum market share and narrow
body aircraft seats are dominating the market by fair margin. Due to increasing
air travel for business purposes, the business aircraft seats and the first-class
aircraft seats demand have increased in the recent years and the trend is
expected to continue for the forecast period as well. In Asia Pacific Region, China
holds the most significant market share, accounting for over 50% of the Asia
Pacific Aircraft seating market in 2022
Global
aircraft seating market can be segmented based on aircraft type, class, seat
type, gravity, end use, region and competitive landscape. In terms of aircraft
type, the narrow-body aircraft seats segment accounts for the largest market
share and the trend is expected to continue in the coming years as well. However,
the increasing demand for global passenger air travel will drive the sales of
wide body aircraft seats globally. Continuously improving airport
infrastructure and technology, connecting remote regions is inducing the sales
of aircrafts, and hence increasing the sales of aircraft seats as well.
In
terms of class, the global aircraft seating market is distinguished based on
economy class, premium economy class, business class and first class. As the
lifestyle of people is getting better continuously, consumer spending on air
travel have increased as a result the sales of premium economy class seats have
increased in the past years and the same is expected in future. Economy class
seats, being the least expensive seats in the segment accounts for the largest
market share. Owing to the factors like comfortable air travel and the
increasing global business, market share of business class seats and the
first-class seats have increased in the recent years and the same is expected
in the forecast years as well.
In
terms of seat type, aircraft seats are distinguished based on pilot/co-pilot
seats, cabin crew seats, and passenger seats. Passenger seats holds the maximum
market share in this segment. Due to the increasing concern of passenger
safety, airlines are employing more cabin crew members in their flights as a
result the sales of cabin crew seats have increased in the recent years.
Based
on gravity, aircraft seats are distinguished between 9G seats and 16G seats.
Due to FAA regulations (Federal Aviation Administration) on 16G cabin seats
over safety standards, the market share of 16G cabin seats is dominant over 9G
seats.
In
terms of regional analysis, the market is segmented into Asia-Pacific, North
America, South America, Europe, Middle East, and Africa. Majority of cabin seat
demand come from North America and Asia Pacific, hence making them as leaders
of the mainstream market.
Browse
more than 202 market data Figures spread through 248 Pages and an in-depth
TOC on "Aircraft Seating Market"
Some of
the major companies operating in the Global Aircraft Seating Market include:
- Raytheon Technologies Corporation
(Collins Aerospace)
- Safran
- RECARO
Aircraft Seating GmbH & Co. KG
- Geven
SPA
- JAMCO Corporation
- Acro Aircraft
Seating Ltd
- Aviointeriors
S.p.A.
- Stelia Aerospace
- Expliseat
- HAECO
Americas, LLC
These are the key players developing advanced
technologies and launching new products to stay competitive in the market.
Other competitive strategies include mergers with tech firms, new product
developments, and marketing activities to increase customer outreach.
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“In 2022, North America accounted for the
largest share of around 29% in global aircraft seating market in 2022. The
region is expected to maintain its dominance over the next five years as well.
US is one of the leading aircraft seating manufacturers globally. Increasing
level of comfort for passenger air travel and need for IFEC systems are
boosting the demand for aircraft seating globally.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Aircraft Seating Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F, Segmented By Aircraft Type (Narrow-Body Aircraft,
Wide-body Aircraft, Regional Aircraft, Business Aircraft), By Class (Economy,
Premium Economy Class, Business Class, First Class), By Seat Type (Pilot
/Co-pilot Seats, Cabin Crew Seats, Passenger Seats), By Gravity (9G & 16G),
By End Use (OEM, Replacement) and By Region,” has
evaluated the future growth potential of Global Aircraft Seating Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Aircraft Seating Market.
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