By the end of 2032, it is anticipated that the global market for aircraft seats will be worth US$ 7.83 Bn, as per the latest industry analysis by Persistence Market Research.
Significant reasons driving the growth of the aircraft seats market include
increasing international trade agreements, rising business travel,
expansion of maintenance & retrofitting of existing aircraft across
the world, and IFEC innovation in aircraft seats. Growing investments in
urban air mobility, development of large-scale retrofit projects, and
increased attention toward passenger comfort are other key factors that
will influence the global aircraft seats market over the coming years.
Some developing nations, including China, India, Brazil, and the ASEAN
region, plan to increase their networks of narrow aircraft to boost
regional economic development. Additionally, the population of these
countries is rapidly increasing, which is driving their aircraft seat
sales.
However, the move to clean fuel sources, stringent environmental regulations, and a shoddy supply chain are predicted to
impede market expansion to some extent. The market may also be impacted
by stringent regulations designed to decrease the detrimental effects of
mineral and crude oil price volatility.
Key Takeaways from Market Study
- Between 2022 and 2032, the global market for aircraft seats is anticipated to expand at a value CAGR of 6.1%.
- It is expected that China will continue to be a high-potential market for aircraft seats.
- In terms of seat type, 16 G seats are predicted to continue being one of
the fastest-growing segments and make up roughly 66% of the total market
size. - It is anticipated that the wide body aircraft and narrow body aircraft categories will continue to be a major users of aircraft
seats, accounting for more than 70% of total sales.
“Leading market players are concentrating on strategic growth activities &
acquisitions and are implementing advanced technology for smart seat
prototypes to sustain in the long run,” says a Persistence Market Research analyst.
Competitive Landscape
According to estimates, the airplane seats market is consolidating, with major
firms projected to hold a sizable portion of the market. Top
manufacturers of aircraft seats are profiled in the full report,
including Hong Kong Aircraft Engineering Company Limited, Stelia
Aerospace, Safran SA, RecaRO Holding GmbH, Collins, Aerospace Thompson
Aero Seating Limited, JAMCO Corporation, Crane Aerospace &
Electronics,Acro Aircraft Seating, GEVEN SpA, Causeway Aero Group, and
Adient Aerospace,.
Key competitors are undoubtedly concentrating on increasing their production capacities to boost their global market
presence and achieve high market traction. In addition, the market is
seeing partnerships and acquisitions between big and small firms in an
effort to meet the rising demand for aeroplane seats in developing
nations.
- For instance, United Technologies Corp. and Raytheon Co. concluded their US$ 135 billion merger in April 2020, creating one
of the greatest aerospace and defence firms in the world. - KLM Cityhopper, KLM's regional carrier, chose Recaro Aircraft Seating GmbH
& Co. KG in November 2019 to furnish the 21 Embraer 195-E2 aircraft.
More Valuable Insights Availabke
A new market research report on the global aircraft seats market has been
released by research and consultancy company Persistence Market
Research. It includes an industry analysis for the years 2017 through
2021 and an opportunity evaluation for the years 2022 through 2032.
Through a series of segments—namely, seat class, aircraft type, fit type, seat
type, and region. The study offers a thorough analysis of the market. A
summary of the parent market is included in the research, along with
trends in supply and demand.
About Persistence Market Research – Automotive and Transportation
The Automotive and Transportation division of Persistence Market Research provides
exclusive coverage and actionable insights about automotive and
transportation industry encompassing automotive, aviation, shipping and
marine, and railway sector. Market findings and competition intelligence
of OEM, aftermarket, services and technology landscape have helped
numerous industry stakeholders’ right from automakers, component
manufacturers, channel partners and service providers in taking informed
decisions and keeping them up-to-date with market behavior.
