Aircraft Seating Market to record USD 13.07 Bn growth | Driven by growing demand for commercial aircraft | Technavio – QNT Press Release

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NEW YORK, July 8, 2022 /PRNewswire/ — The “Aircraft Seating Market by Aircraft Type and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. According to the report, the market will observe an incremental growth of USD 13.07 billion. However, the growth momentum is expected to decelerate at a CAGR of 18.74% during the forecast period. The market will witness maximum growth in Europe owing to high investments in R&D in the aerospace domain.

Get highlights on the current market scenario, market behavior across geographies, future growth opportunities, and much more. View Our Sample Report Now

The global aircraft seating market is fragmented and competitive. Vendors in the market are focused on the adoption of new technologies and planning their investments as per changing market trends in order to benefit from emerging opportunities and thrive in the long run. Technavio identifies ACRO Aircraft Seating Ltd., Adient Plc, Airbus SE, Causeway Aero, Aviointeriors Spa, Collins Aerospace, EnCore Corporate Inc., Expliseat SAS, Geven Spa, JAMCO Corp., John Swire and Sons Ltd., Martin-Baker Aircraft Co. Ltd, Mirus Aircraft Seating Ltd., RECARO Holding GmbH, Thales Group, Thompson Aero Seating Ltd., TSI Seats Inc., ZIM AIRCRAFT SEATING GmbH, Safran SA, and Singapore Technologies Engineering Ltd . as some of the major market participants.

Although the growing demand for commercial aircraft, the need for cabin retrofitting to enhance passenger comfort, and growing investments in military aircraft will offer immense growth opportunities, the impact of COVID-19 on the aviation industry, supply chain complexities, and issues pertaining to seat design and layout will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Read Our Report Sample for more insights into the vendor landscape and the factors impacting the growth.

The global aircraft seating market is segmented as below:

• Aircraft Type
• Commercial Aircraft
• Military Aircraft

The commercial aircraft segment will have the largest share of the market. The increasing number of air travelers is encouraging airline operators to add more aircraft to their fleet. This is creating high growth opportunities for cabin interior designers and MRO providers that have been collaborating with airlines to design and integrate newer seat variants in their fleet. The market growth in the commercial aircraft segment will be significant during the forecast period.

• Geography
• Europe
• North America
• APAC
• Middle East and Africa
• South America

About 33% of the overall market growth will originate from Europe during the forecast period. The increase in cabin retrofitting activities by airline operators is driving the growth of the regional market. In addition, the increase in air travel activities in the region is contributing to the growth of the aircraft seating market in Europe.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aircraft seating market report covers the following areas:

• Aircraft Seating Market Size
• Aircraft Seating Market Trends
• Aircraft Seating Market Industry Analysis

We provide a detailed analysis of around 25 vendors operating in the aircraft seating market. Backed with competitive intelligence and benchmarking, our research reports on the aircraft seating market are designed to provide entry support, customer profile, and M&As as well as go-to- market strategy support.

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist aircraft seating market growth during the next five years
• Estimation of the aircraft seating market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the aircraft seating market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aircraft seating market vendors

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• Commercial Aircraft Seating Market by Cabin Class, Aircraft Type, and Geography – Forecast and Analysis 2021-2025

Full story available on Benzinga.com

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