Global Aircraft Cabin Interior market research 2024, Forecast To 2033
28 Feb, 2024
The aircraft cabin interior market size has grown strongly in recent years. It will grow from $23.39 billion in 2023 to$25.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to air travel growth, regulatory standards, aircraft upgrades and retrofits, passenger comfort and experience, in-flight entertainment evolution. The aircraft cabin interior market size is expected to see strong growth in the next few years. It will grow to $37.36 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to passenger experience enhancement, personalization and customization, space optimization, health and safety considerations, cost-efficiency and lightweight materials. Major trends in the forecast period include cultural and regional preferences, adoption of lightweight materials, premium cabin offerings, biophilic design elements, aesthetic design innovations.
Global Aircraft Cabin Interior Market Key Driver
An increase in demand for new aircraft is driving the growth of the aircraft cabin interior market. There is an increase in the demand for aircraft due to the increase in air passenger traffic and cargo volumes. Commercial airline operators across the globe are expanding their aircraft fleets to meet this increasing demand. Aircraft cabin interiors are used to make the flight experience comfortable and worthy enough. For instance, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, demand for air transport will increase by an average of 4.3% per annum by 2040. Moreover, according to Airbus, a Netherlands-based aerospace company, demand for passenger traffic will grow annually by 3.6% over the next 20 years. Hence, an increase in demand for new aircraft will propel the aircraft cabin interior market. In 2023, the aircraft cabin interior market size stood at $15.6 billion, and it is expected to grow to $22.4 billion by 2028.
Get A Free Sample Of The Global Aircraft Cabin Interior Market ReportGlobal Aircraft Cabin Interior Market Segments
The global aircraft cabin interior market covered in this report is segmented –
1) By Type: Aircraft Seating, In-Flight Entertainment And Connectivity, Aircraft Cabin Lighting, Aircraft Galley, Aircraft Lavatory, Aircraft Windows And Windshields, Aircraft Stowage Bins, Aircraft Interior Panels
2) By Class: First Class, Business Class, Economy And Premium Economy Class
3) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Business Jets, Regional Transport Aircraft
4) By Material: Alloys, Composites, Other Materials
5) By End User: OEM, Aftermarket
By Geography: The regions covered in the aircraft cabin interior market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the aircraft cabin Interior market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft cabin interior market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Aircraft Cabin Interior Industry Players
Safran S.A., Honeywell International Inc., Recaro Holding, Collins Aerospace, JAMCO Corporation, Astronics Corporation, Turkish Cabin Interior, Cobham Limited, Die Diehl Stiftung & Co. KG, Panasonic Avionics Corporation, HAECO Americas LLC, SCI Cabin Interiors, Geven S.p.A., Aviointeriors S.p.A., Bucher Leichtbau AG, Thales Group, Thompson Aero Seating, The Boeing Company, Gogo Inc., Global Aerospace Logistics (GAL), Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Ltd., Acro Aircraft Seating, Boeing Encore Interiors LLC, AIM Altitude Limited, B/E Aerospace Inc., GKN Aerospace Limited, Greenpoint Technologies, United Technologies Corporation, Lacobucci
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Aircraft Cabin Interior Market Overview
Aircraft cabin interior refers to the compartment in an aircraft that accommodates passengers and the aircraft systems needed for the passengers' comfortable and safe travel. The aircraft cabin's interior is ergonomically designed, has a pleasing appearance, proper space utilization, and user-friendly functionalities, and incorporated technical components.
Aircraft Cabin Interior Global Market Report 2023 provides data on the global aircraft cabin interior market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft cabin interior market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.