Aircraft Cabin Interior Market Outlook: North America To Prominently Drive The Global Revenue
Rising focus of aircraft manufacturers to improve the passenger in-flight experience along with increasing incorporation of advanced entertainment facilities are expanding the aircraft cabin interior market
Selbyville, United States – June 28, 2019 /MarketersMedia/ —
Global Market Insights recently introduced report on global Aircraft Cabin Interior Market report is an in-depth study providing complete analysis of the industry for the period 2019 to 2025. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.
North America will account for the maximum share in aircraft cabin interior market. This can be credited to the presence of major aircraft manufacturers including Boeing, Lockheed Martin, and Airbus among others focusing on developing advanced and light weight aircrafts. Moreover, rising air passenger travel across the region along with improving tourism sector are further supporting the regional share over the study timeframe. For instance, according to the IATA, the U.S. will account for around 481 million new passengers by 2037.
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Rising focus of aircraft manufacturers to improve the passenger in-flight experience along with increasing incorporation of advanced entertainment facilities are expanding the aircraft cabin interior market size. Moreover, aircraft manufactures are continuously focusing on utilizing the maximum space possible on an aircraft to accommodate maximum seats for supporting the rising air travel demand.
Based on product, the aircraft cabin interior market share is categorized into windows, seating, lavatories, and stowage bins. The growth in the stowage bins can be attributed to the increasing requirement for storing luggage and bags during flight journey. Aircraft manufactures are focusing on developing lower weight and highly durable bins with a focus on maintaining its rigidity over long distances. Moreover, the advanced locking mechanism allows for the luggage to remain in place during the entire flight journey, thereby expanding the segment share over the projected timeframe.
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Based on distribution channel, the aircraft cabin interior market share can be classified into OEM and aftermarket. The growth in the aftermarket segment can be credited to the increasing requirements for maintaining and servicing of aircraft interiors for maintaining airworthiness. Moreover, the requirement for replacements owing to damages and cracks due to continuous usage, further supports the segment share expansion over the study timeframe.
Based on aircraft, the aircraft cabin interior market is classified into commercial aircraft, military aircraft, regional aircraft, and helicopters. Commercial aircraft will exhibit significant growth over the projected timeframe. This can be credited to the rising air passenger traffic globally. Moreover, the airliners are focusing on improving in-flight experience by incorporating high-end and luxurious features in their aircrafts, thereby expanding the market size.
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Few players operating in the aircraft cabin interior market share include United Technologies Corporation, Zodiac Aerospace, Cobham Plc, Panasonic Avionics Corporation, Diehl Stiftung & Co. KG, and Honeywell International (US). Industry players are engaged in gaining long term contracts and agreements from airliners to improve their market share.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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