The global aircraft seating market is projected to grow from USD 8.74 Billion in 2016 to USD 16.94 Billion by 2021, at a CAGR of 14.15% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.
The Global Aircraft Seating Market is projected to grow from USD 8.74 Billion in 2016 to USD 16.94 Billion by 2021
(On the basis of aircraft type, the global aircraft seating market has been segmented into NBA, WBA, VLA, and RTA. The VLA is projected to grow at the highest CAGR during the forecast period of 2016 to 2021, primarily driven by the increasing air traffic globally.)
The business class dominates the studied market and is expected to continue its dominance over the next five years, primarily driven by the growing prominence of advanced business class seat design and comfort.
On the basis of component, the global aircraft seating market has been segmented into seat actuators, foam & fittings and others. Among them, the seat actuator subsegment is projected to grow at the highest CAGR during the forecast period, as the demand for better designed seats from actuators is increasing, which will ultimately enhance passenger comfort. The other subsegment which accounted for the largest share in 2016 is that of fibers, thermoplastics, metals and plastics.
The report analyzes the global aircraft seating market on the basis of aircraft type (NBA, WBA, VLA, & RTA), seat class (first class, business class, premium economy class and economy class), component (seat actuators, foam & fittings, and others) and fit (line-fit and retrofit), and maps these segments and subsegments across major regions worldwide, namely, North America, Europe, Asia-Pacific, the Middle East, and Rest of the World.
The report provides in-depth market intelligence regarding the market dynamics and major factors that influence the growth of the global aircraft seating market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution.
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The global aircraft seating market also covers competitive developments, such as long-term contracts, joint ventures, mergers, new product launches and developments, and research & development activities, in the global aircraft seating market, in addition to business and corporate strategies adopted by key market players.
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Some of the key market players 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.
(These players adopt strategies, such as agreements, partnerships, new product developments, contracts, and business expansions to strengthen their positions in the global aircraft seating market. They are also investing heavily in R&D to focus upon the development of new and better products with reduced weight.)
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