Market Definition
The aircraft seating market encompasses a variety of seating solutions designed for commercial, private, and military aircraft. These products range from economy class seats to premium and business class seats, incorporating advanced materials, ergonomic designs, and cutting-edge technology to enhance passenger comfort, safety, and overall travel experience.
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Market Outlook
The aircraft seating market is poised for significant growth, driven by increasing air travel demand, advancements in seating technology, and the continuous need for airlines to upgrade their fleets to improve passenger comfort and operational efficiency. The market is also influenced by evolving passenger preferences, focusing on enhanced comfort, connectivity, and personalized experiences during flights.
Technological innovations are transforming the aircraft seating landscape. Features such as lightweight materials, smart seats with integrated entertainment systems, adjustable configurations, and enhanced ergonomic designs are becoming standard. These advancements not only enhance passenger comfort but also contribute to fuel efficiency and reduced operational costs for airlines.
Moreover, the rise of premium travel classes and the demand for customization are driving airlines to invest in high-end seating solutions. Business and first-class seats are now designed with privacy pods, lie-flat capabilities, and personalized service options, catering to the needs of affluent travelers and long-haul passengers.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global Aircraft Seating Market based on Aircraft Type, Seating Type, Component and Material, End-user, and Region.
Global Aircraft Seating Market by Aircraft Type
Based on the aircraft type, the aircraft seating market is divided into narrow body aircraft, wide body aircraft, regional transport aircraft, and business jets. The rise in middle-class income groups, particularly in developing countries, has resulted in a higher demand for narrow-body aircraft, as it supports the growing market for domestic air travel. With consumers becoming more affordable, there is a shift from ground transportation to economy class air travel in developing nations, which further contributes to the demand for narrow-body aircraft. Additionally, the reopening of lockdowns has led to a rapid recovery of domestic air traffic, driving the impressive growth of narrow-body aircraft. Business jets offer unique opportunities for the business and first-class segments, providing customers with exceptional luxury and comfort. These jets feature highly customized seats that come with value-added features like convertible beds, tray tables, power outlets, and advanced in-flight entertainment systems. These features are designed to enhance the overall customer experience and are considered essential components of business jet travel.
Global Aircraft Seating Market by Seating Type
By seating type, the industry is bifurcated into Economy Class, Premium Economy Class, First Class, and Business Class. The market is witnessing a significant dominance of the economic class segment, driven by the growing demand from low-cost carriers (LCCs). One notable example is Indigo, India’s largest low-cost carrier, which has placed orders for more than 700 A320 neo-family airplanes in the past decade. In October 2019 alone, they ordered 300 aircraft, indicating substantial opportunities for economy class seating.
Meanwhile, the business-class segment is experiencing remarkable growth on a global scale. Airlines are striving to establish industry-standard services that provide a private and luxurious experience for business class travelers, which has become even more valuable during the pandemic. These efforts include incorporating a range of cutting-edge technology features such as wireless charging, dedicated phone holders, and exceptional comfort with increased legroom and customizable reclining options. In June 2021, Qatar Airways introduced its 311-seat Boeing B787-9 Dreamliner featuring the latest business class suite called Ascent. This suite offers passengers a fully flat bed and the option of a sliding door, creating a more private space and incorporating technology-rich value-added features.
Global Aircraft Seating Market by Component and Materials
Based on Component and Materials, the industry is categorized into Structure Material, Upholsteries & Seat Cover, Seat Actuators, and Others. The market is currently dominated by components, structures, and moldings, which are experiencing significant changes in the adoption of lightweight materials. The trend is to replace traditional metal structures with modern lightweight composites, aiming to enhance fuel efficiency and reduce carbon emissions. In May 2021, Expliseat successfully added the world’s lightest seat, TiSeat E2, to Airbus A320 BFE catalog. This seat is 40% lighter than aluminum-based alternatives and offers high durability. It features an advanced seat frame construction made of carbon fiber composites and titanium, weighing just 5kg per seat. This weight reduction not only saves fuel costs for airlines but also contributes to a significant improvement in overall fuel economy.
The seat actuators segment is expected to experience remarkable growth in the global market. The increasing demand for exceptional comfort and smooth ergonomic seat motion from passengers is driving the integration of smart actuators into seating systems. This integration not only reduces the weight and after-sales costs of seats but also enhances the passenger flying experience, fueling the growth of this segment.
Global Aircraft Seating Market by End-user
Based on end-user, the Aircraft Seating market is divided into OEM, MRO, and Aftermarket. The OEM segment is anticipated to grow at a promising CAGR during the forecast period. The automotive OEM market has good potential and it is expected to grow during the forecast period as there are innovations in technologies and changes in the product offerings in the market. As the nations are adopting stringent regulations for fuel efficiency there shall be an increase in demand for the light weighted fuel-efficient OEM parts. The demand for the light weighted fuel-efficient parts will lead to an increase in the market size. Various initiatives taken by the government in order to use the original products to curb pollution and the increasing disposable income in developing nations are expected to drive the market during the forecast. An increase in the demand for various hybrid and luxury cars in developing nations is also expected to help in the growth of the automotive original equipment manufacturers market.
Major Players
Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global Aircraft Seating market include Acro Aircraft Seating Ltd., Airbus S.A.S., Aviointeriors S.p.A., Geven S.p.a., Jamco Corporation, Raytheon Technologies Corporation, Recaro Aircraft Seating GmbH & CO. KG, Safran, Swire Pacific Limited, and The Aviation Industry Corporation of China, Ltd. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2022 – $1.6 Billion
- Market Size in 2032 – $8.8 Billion
- CAGR % – 18.6%
- Historic Period – 2016 – 2021
- Forecast Period – 2023 – 2032
- Base Year – 2022
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