Aircraft seating market is expected to grow from USD 8.74 billion in 2016 to USD 16.94 billion by 2021, at a CAGR of 14.15% from 2016 to 2021.
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The key players in the Aircraft Seating Market include – B/E Aerospace, Inc. (U.S.), Zodiac Aerospace (France), RECARO Aircraft Seating GmbH & Co.
KG (Germany), and Geven S.p.A (Italy) among others.
North America led the global aircraft seating market, and is expected to continue its dominance till 2021.
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North America has the maximum number of aircraft seat manufacturers. The aircraft seating market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.
Growth in air travel is the major reason behind the increased orders for aircraft, which is expected to boost the global aircraft seating market.
- Aircraft Seat Manufacturers
- Aircraft Seat Dealers
- Sub-Component Manufacturers
- Aircraft Manufacturers
- End Users
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The market is mainly driven by factors such as the increasing air traffic, aircraft deliveries, and up gradation of aircraft programs. Similarly, factors such as the requirement of huge investments and a longer clearance period are the biggest restraints for this market.
The key segments considered in the aircraft type are NBA, WBA, VLA and RTA. The VLA is projected to account for the largest share during the forecast period, owing to the increasing demand for Boeing’s 747-8 and Airbus’ A380.
The WBA segment accounted for the second largest share of the global aircraft seating market in 2016.
The key sub segments of the aircraft seating component segment are seat actuators, foam & fittings and others. Among them, the seat actuator sub segment is projected to grow at the highest CAGR during the forecast period, as there is an increase in the requirement of actuators for advanced seat design.
They are installed at the seat back, seat heads, seat rest, and so on with consideration for passenger comfort. The others segment accounted for the largest share of the global aircraft seating market, by component, in 2016.
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From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the global aircraft seating market; high-growth regions; and market drivers, restraints, and opportunities.
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