AIRCRAFT SEATING MARKET TO REACH USD 6.3 BILLION BY 2027 | CAGR 5.6% – FORENCIS RESEARCH

Global Aircraft Seating Market: Key Highlights

• According to the new market research report “Aircraft Seating Market by Class (Business Class, Economy Class, Premium Economy Class and First Class), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation and Others) by Fit Type (Retro Fit, Line Fit), by Component (Seat Actuators, Foams & Fittings, Electrical Fittings and Others), by Materials (Foam Rubber Cushions, Upholsteries, Fire Blocking Layer, Plastic Moldings and Structure Material), by End-User (Original Equipment Manufacturer (OEM), Aftermarket and Maintenance, Repair, and Overhaul (MRO)), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Aircraft Seating Market is estimated to reach USD 6.3 Billion by 2027 at a CAGR of around 5.6% during the review period.

• The aircraft seats contain a large variety of a plastic moldings of an items that includes food trays, telecommunication devices, decorative closeouts, trim strips and arm rests.
• Moreover, the aircraft seats are being manufactured with used such components which are long lasting, insulated, as well as fire resistant. These may lead to improve the demand of the market in the forecast period.

Global Aircraft Seating Market: Key Market Dynamics

• The increasing maintenance and modification of the aircraft is lead to enhance the market in the forecast period. Also, the various airlines are being innovating the seats of the aircraft as earlier seats has become outmoded.
• The one of the major concern issue for the aircraft seating market is the ongoing Covid-19 pandemic which may lead to hinder the growth of the market.
• Enhancing urban air mobility framework lead to create an opportunity with the fast growing of technologies may play a key role to boost the market growth in the projected period. 
• The shortage of proper framework as well as taxes imposed by the aviation departments of the countries such as India and Africa, lead to increase the aircraft price. Hence, these may lead to hinder the growth of the market.

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Global Aircraft Seating Market: Regional Overview

• Asia-Pacific:

The region is one of the major player in the growth for commercial aviation which will lead to growth of the market in the forecast period. Whereas, Civil Aviation Administration of China (CAAC), Directorate General of Civil Aviation of India, as well as the Australian Transport Safety Bureau (ATSB) are some of the region regulatory entities, which lead to improve adherence to safety rules and air travel regulations in the respective countries. Also, China government has spent more than USD 90 Billion for the enhancement and development of manufacturing capabilities, boost the domestic maintenance capacity and establish airlines sector.

Hence, according to the International Trade Administration (ITA), China is one of the world second largest civil aerospace and aviation services market these will lead to improve the market demand in the region in the projected period.

• Europe

Europe is witness to increase the demand of the market in the forecast period with adopting of new technology and services in the field of aviation sector. According to the Air Transport Action Group, in 2016 the region has support of about more than 11 million jobs and more than USD 80 billion in the European economic activity. Hence, these development and innovation in the airline industries will fuel the growth of the market in the forecast period.

Hence, the European Aviation Associations and European Union Aviation Safety Agency (EASA) has increase the safe regulation for the air travel during the COVID-19 pandemic.

Global Aircraft Seating Market: Key Players Overview

• RECARO Aircraft Seating GmbH & Co KG:

The company is one of the global supplier of a premium aircraft seats for the leading airlines. The company based in Schwaebisch Hall, which is one of the three major aircraft seat manufacturers globally. Whereas, the company helps to provides a solution of the customers. As it is a global supplier of a premium aircraft seats for airlines as well as the OEMs. However, In 2019, the company had been selected by KLM Cityhopper, KLM’s regional carrier, to outfit the 21 Embraer 195-E2 aircrafts.

Hence, the company is investing of about hundreds of millions for the product modification in business class seating.

• Collins Aerospace:

The company is one of the major supplier of the aerospace and defense products. As well as the company is specializes in aerostructures, mission systems, power, and control systems, avionics, which helps the customers across the commercial, business aviation and military sectors. In 2019, company had introduced the launch of its next generation evolution seat, which lead to combines commercial first-class seating with executive aircraft seating.

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