Tuesday, 17 February 2015

Global Aircraft Cabin Interior Market Analysis and Opportunity Assessment, 2014 - 2020 : Future Market Insights

The cabin of an aircraft is avital section of the interiors of a plane,comprising various advanced proprietary products. The travel class is differentiated on the basis of interiors, comfort, services offered and seat arrangement. Interior components include seats, composite panels, in-flight entertainment system, windows & windshield, wood veneers and lighting system. Technologies such as audio-video bridging, cabin management system and wireless electronic controls enhance passenger comfort and experience.
Growing number of new aircraft orders, aircrafts resuming to operation and increasing demand for cabin customisation to match passenger comfort needs are major drivers, fuelling growth of the global aircraft cabin interior market. Increasing number of aircraft passengers and economic growth are some of the factors for considerable growth in global aircraft cabin interior market.
Despite of slow global economic recovery, the commercial aircraft cabin interior market registered significant growth in 2013. This trend is expected to continue at a CAGR of 5% to 7% from 2014 to 2020. The global aircraft interior market is segmented on the basis of aircraft type, product type, by fit, by channel type and key geographical regions. Growing economies in regions such as Asia Pacific and the Middle East will continue to serve as the major catalysts for market growth due to strong demographic factors and booming aerospace industry. However, the growth rate in regions such as Europe and North America is expected to remain stagnant. Rising fuel prices and increasing taxes are some of the major inhibitors for growth of the global aircraft cabin interior market.
Aircraft type can be further segmented as narrow body aircraft, wide body aircraft and very large aircraft.Currently, narrow body aircraft is the largest segment in terms of revenue, followed by wide body and very large aircraft. In the wide body and very large aircraft segments, Boeing Company and Airbus SAS are the key players. On the basis of product type, the market can be segmented as seat, light, in-flight entertainment & connectivity (IFEC), windows & windshield, galley & monument and lavatory. Currently, IFEC is the fastest-growing segment among all other segments.Thales Group, Rockwell Collins, Inc. and AeroMobile Communications are some of the key players in IFEC segment.In terms of channel type, the market share from original equipment manufacturers (aircraft and helicopter manufacturers) is highest than aftermarket segment.
Some of the key players in the global aircraft cabin interior market are Aviointeriors S.p.A., B/E Aerospace, Inc., Crane Company, Diehl Aerosystems GmbH, Jamco Corporation, Panasonic Avionics Corporation, Recaro GmbH & Co., Rockwell Collins, Inc., Thales S.A., TIMCO Aviation Service, Inc., United Technology Corporation and Zodiac Aerospace S.A.
The aircraft cabin interior market has witnessed various developments in the recent past, one of which is increased usage of advanced lightweight materials. The use of advance lightweight materials in aircraft reduces fuel consumption and carbon emissions. Soaring fuel prices, development of lightweight materials and increasing efficiency of electronic systems used in aircraft are some of the major challenges faced by key players in the industry. In future, product innovation and technological advancement sare expected toovercome the challenges facingoriginal equipment manufacturers. The global aircraft cabin interior market is expected to grow significantly from 2014 to 2020.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
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