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Aircraft Seating Market Growth Drivers and Restraints

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praj nene
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The global aircraft seating market was valued at USD 6.93 billion in 2023 and is anticipated to grow from USD 7.61 billion in 2024 to USD 11.83 billion by 2032, showcasing a steady CAGR of 5.67% during the forecast period. In 2023, North America led the market with a dominant share of 30.59%, underscoring its significant influence in the industry.

The aircraft seating market is experiencing robust growth, driven by increasing air travel demand, advancements in seat design, and a focus on passenger comfort. Airlines are prioritizing innovative seating solutions to enhance the travel experience while optimizing cabin space and fuel efficiency. Key trends include lightweight materials, modular designs, and advanced ergonomic features integrated with in-flight entertainment systems.

Rising investments in premium seating options for business and first-class cabins, coupled with the growth of low-cost carriers offering economy-class upgrades, are fueling market expansion. The Asia Pacific region leads the market, propelled by its booming aviation industry and significant fleet modernization efforts. Manufacturers are also aligning with sustainability goals by using eco-friendly materials and recycling initiatives, further driving developments in this dynamic market.

List of Key Players Profiled in the Report

  • Collins Aerospace (U.S.)

  • ACRO Aircraft Seating Ltd (U.K.)

  • Aviointeriors S.p.A. (Italy)

  • Expliseat SAS (France)

  • Geven S.p.a. (Italy)

  • HAECO (China)

  • Iacobucci HF Aerospace S.p.A. (Italy)

  • JAMCO Corporation (Japan)

  • Adient Aerospace (U.S.)

  • Mirus Aircraft Seating Ltd (U.K.)

  • RECARO Aircraft Seating GmbH & Co. KG (Germany)

  • STELIA Aerospace (France)

  • Thompson Aero Seating Limited (U.K.)

  • Zim Flugsitz GMBH (Germany)

  • Safran SA (France)

  • Lufthansa Technik AG (Germany)

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/industry-reports/aircraft-seating-market-101680

Segmentation

By aircraft type, the market is segmented into commercial, business jets, regional aircraft, and transport aircraft. As per class, it is classified into economy class, premium economy class, business class, and first class. Based on seat type, it is categorized into 9G seats, 16G seats, and 21G seats. By component, it is divided into structure, foams, actuators, electrical fittings, and others. As per end-use, it is bifurcated into OEM and aftermarket. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and latest trends in the aircraft seating market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Driving Factors

Rising Passenger Air Traffic to Propel Market Progress

Aircraft seating is used in military and commercial aircrafts and is arranged in rows. The rising passenger air traffic is expected to bolster its demand. The rising demand for high-quality seating solutions is expected to enhance the demand for the product. Further, rising loads of air traffic may enhance the adoption of effective seating solutions from consumers. For example, as per Airbus, India shall require nearly 1,750 new cargo and passengers in the coming 20 years to satisfy freight and passenger traffic requirements. Additionally, the rising demand for In-Flight Entertainment and Connectivity (IFEC) is expected to drive the aircraft seating market growth.

However, the high costs associated with components and parts of the product may hinder the aircraft seating market growth.

Regional Insights

Presence of Large Number of Players to Enhance Market Growth in North America

North America is expected to dominate the aircraft seating market share due to the presence of a large number of players. The market in North America stood at USD 2.11 billion in 2021 and is expected to gain a huge portion of the global market share. Further, rising air travel in the region is expected to enhance the market growth.

In Europe, the rising air traffic is expected to bolster the product demand. Further, the presence of several manufacturers such as STELIA Aerospace, Safran SA, Lufthansa Technik, and others is expected to propel the industry growth.

In Asia Pacific, strong investments in the aviation industry from India and China may foster the seating’s adoption. These factors may propel the aircraft seating market growth in the region.

Competitive Landscape

Major Players Achieve Certifications to Improve Brand Presence

Prominent companies operating in the market achieve certifications to enhance their brand presence. For example, HAECO Cabin Solutions achieved an FAA Technical Standard Order (TSO) certification for its Vector Light in April 2021. It is a catalogue that features an extensive range of products with selectable options to offer passengers enhanced convenience. This strategy may allow the players to enhance their operations and global brand presence. Further, companies invest heavily in partnerships, acquisitions, research and development, expansions, and novel product launches to enhance brand image globally.

Key Industry Development

  • March 2022: Mirus Aircraft Seating Ltd declared the extension of hawk aircraft seats by making it available on the Boeing 737 for the first time, doubling Mirus’ potential market capability.
Aircraft Seating Market