AIRCRAFT CABIN INTERIORS MARKET TO REACH USD 41.4 BILLION BY 2027 | CAGR 13.3% – FORENCIS RESEARCH

Global Aircraft Cabin Interiors Market: Key Highlights

• According to the new market research report “Aircraft Cabin Interiors Market by Type Aircraft Cabin Lighting, Aircraft Galley, In-Flight Entertainment & Connectivity, Aircraft Windows & Windshield, Aircraft Seating, Aircraft Storage Bins, Aircraft Interior Panels and Aircraft Lavatory), by Materials (Alloys, Composites and Others), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation and Others), by Class Type (First Class, Business Class and Economy and Premium Economy Class), by End-User (OEM, MRO and Aftermarket), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Aircraft Cabin Interiors Market is estimated to reach USD 41.4 Billion by 2027 at a CAGR of around 13.3% during the review period.
• In the commercial air travel mainly in the airlines, the cabin can be divided into various parts such as areas for flight attendants, the galley as well as the storage for in-flight service.
• Moreover, it helps to create a better flying experiences for the consumers by providing advance in-flight entertainment and improve amenity kits. These may create a key factor of the growth of the aircraft cabin interiors market in the forecast period.

Global Aircraft Cabin Interiors Market: Key Market Dynamics

• With the growing demand for In-Flight entertainment systems, witness to boost the growth of the market in the forecast period. Whereas, with the growing demand of the system has become one of the major source of income of various airlines.
• One of the major key concern of the aircraft cabin interiors market slow down for the aircraft deliveries which may restraining factor for the growth of the market. Whereas, the slow sown in the deliveries of the aircraft is majorly affecting the aviation sector, that can also lead to affect the operations in the forecast period.
• With the increasing demand for new aircraft lead to create a key factor for the aircraft cabin interiors market in the forecast period.
• In 2017, Lufthansa airlines has launched a new aircraft interior lighting technology, which has developed for the Airbus 350-900. Whereas these technology lead to more than 20 lighting variants for the passenger comfort as well as functions are being based upon the biorhythms of passengers on board.

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Global Aircraft Cabin Interiors Market: Regional Overview

• North America:

The US aerospace industry is the largest across the globe and contributed to around USD 374 billion of the country’s GDP in 2018. In the same year, the aerospace and defense exports of the country were USD 151 billion, which was an increase of 5.81% as compared to 2017. As per the International Air Transport Association (IATA) in 2019 the region ha improve the revenues with a strong economy and increase the growth in the industry which is projected to create large revenue then other regions

Hence, the extensive R&D spending in the aerospace & defense industry is also propel the demand for the market in the forecast period...

• Europe:

According to International Air Transport Association (IATA) it is projected that the net profit in 2020 will be USD 7.9 Billion in airlines industry. Owing to the rapid growth of the aerospace & defense industry in Europe, the demand for expected to increase in the forecast period.  Moreover, in 2014 the US has launched Operation Atlantic Resolve (OAR) which reassure US allies in Europe, particularly those bordering Russia. Also, in 2018 North Atlantic Treaty Organization (NATO) defense minister ministers has agreed to which the Four 30s plan to enhance movement of troops in the region by 2020.

Hence, the defense industry in the region are cooperate for more innovative and technological advancement for the growth and development of the region. These may lead to increase the market adoption in the forecast period.

Global Aircraft Cabin Interiors Market: Key Players Overview

• Panasonic Corporation:

The Panasonic Corporation is global leader for the developments of diverse electronics technologies and solution of the user in the consumer electronics, housing, automotive, and B2B businesses. Whereas, company advance is an integrated solution which helps to enables the cabin crew to control the entire inflight experience, from the environment to entertainment. In 2020 Panasonic Avionics Corporation has partnered with Middle East Airlines Air Liban (MEA) to provide inflight entertainment and connectivity (IFEC) solutions known as eX1 seatback for 15 of the Airbus A321 family aircraft.

• RECARO Aircraft Seating GmbH & Co. KG:

The company is global active supplier of the premium aircraft seats for the major airlines. Whereas in 2019, the company had received an order from KLM Cityhopper, KLM’s regional carrier, to outfit the 21 Embraer 195-E2 aircraft. Also, each aircraft will have a hybrid layout of Recaro BL3710 and SL3710 seats, as well as the first Embraer 195-E2 is slated for delivery in the first quarter of 2021.

Hence, in 2020 Recaro Aircraft Seating had installed its first shipset of its BL3530 seats from the SPRINT program on Air Lease Corporation’s B737 aircraft.

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