Automotive Aircraft Cabin Interior Market | Page 2

The global aircraft cabin interior market is segmented into application such as
seating system, galley, cabin & structure, equipment and system and in-flight
entertainment systems. In-flight entertainment systems segment is anticipated to
witness significant growth during the forecast period. Further, airlines are
installing various entertainment systems in aircrafts to offer more convenience to
the passengers. Qantas Samsung gear VR, board connects, Panasonic jazz seat
and KLM meet and seat are some of major trending entertainment systems
gaining popularity amongst the various airlines.
Global aircraft cabin interior market is expected to flourish at 11.26 % CAGR over
the forecast period. Moreover, the global aircraft cabin interior market was
valued at USD 15.52 Billion in 2015 and is expected to reach at notable revenue of
USD 28.12 Billion by the end of 2023. Riding on the back of increasing air traffic
and emergence of new airports the aircraft cabin interior market is likely to
showcase substantial growth over the forecast period.
The wide body aircraft segment by aircraft type is likely to grow at remarkable
pace during the forecast period. Factors such as, rising demand for enhanced
customer experience and increasing new airplane deliveries are envisioned to
bolster the growth of wide body aircraft cabin interior market during the forecast
period. Furthermore, low oil prices suppress the sales of new aircrafts which in
turn likely to fuel the growth of aircraft cabin interior market in future.
Rising Demand for Enhanced Aircraft Atmosphere
Airline industries are offering various services to enhance passenger’s travelling
experience such as in-flight connectivity, passenger self-service, infotainment
systems and other services. This factor is expected to increase the growth of
aircraft cabin interior market in future.
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Increasing Sales of New Aircrafts
Factors such as emergence of new airports and growing regional airline
transportation are major factors which are escalating the sales of new aircrafts.
Further, rising sales of new aircrafts is anticipated to propel the growth of aircraft
cabin interior market during the forecast period. For Instance, an Indian airline
Indigo ordered 250 A320neo family aircrafts in 2015.
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