Global Aircraft Cabin Interiors Market | Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026
Aircraft Cabin Interiors Market
The aircraft cabin interiors market was valued at approximately USD 28.6Billion in 2019 and is expected to surpass USD 42Billion by 2026, expanding at a CAGR of 5.87% during the forecast period.
An aircraft cabin is a section where the passengers travel. The aircraft cabins are pressurized at a higher pressure than ambient pressure at altitude because at high altitudes, the surrounding atmosphere is too thin for passengers and crew to breathe without an oxygen mask. In commercial air travel, cabins can be divided into several parts. These parts can include travel class sections in medium and large aircraft, areas for flight attendants, the galley and storage for in-flight service. These parts in a passenger airplane are named as business class and economy class. Aircraft cabin interiors changes for these different classes. These changes range from extra leg space to different type of seating. Along with the seating aspect, aircraft cabin interiors involves lighting of the aircraft, galley inserts that are used to keep the food fresh, water and waste system and the in-built entertainment systems.
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Market Trends, Drivers, Restraints, and Opportunities:
· Rise in demand of economy seats has increased the number of low-cost airlines. This has in-turn increased the revenue of the aircraft interiors market. This aspect has been an important driver for this market.
· There is be a rise in demand for in-flight entertainment. This is especially the case for long distance flights that have a flight time of more than 24 hours. As a greater number of people have access to digital entertainment networks, the aircraft companies had to install in-flight entertainment even for domestic flights. This has helped boost the aircraft cabin interiors market.
· The rise in installation costs has been an aspect that has been restraining the growth of the market. The regulatory frameworks and certifications issues have also been restraining this market.
· There is a huge potential for manufacturers in tapping into different regions to grow their business. There is a huge potential for growth in Asia Pacific as it is one of the fastest growing economies. The population density of this area is more as compared to other regions. This has also increased the demand for aircrafts which will further propel the market.
The report on the aircraft cabin interior market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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