Global Aircraft Seating Market 2023, Comprehensive Analysis, Industry Survey, Growth and Major Policies Report

 Infinium Global Research’s recent report on the “Aircraft Seating Market (By Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, Regional Transport Aircraft, Helicopters, Others), By Seating Class (Business Class, First Class, Premium Economy Class, Economy Class), By Component (Foams and Fittings, Seat Actuators, Others), By End User (OEM, MRO)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2030” provides a comprehensive outline of the factors responsible for the growth of the market.

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"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030." 

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In the hour of any aerial accident or mishap, the design and quality of the aircraft can decide the life and death of a passenger. The aircraft seats are rigorously tested and developed on similar ground by the manufacturers.  Additionally, stringent regulations and standards are set by the regulating authorities and OEMs. The aircraft seat design is primarily revolving around comfort, survivability, and passenger safety. Different materials are used while making an aircraft seat such as nylon, polyethylene, silicon, artificial leather, and others. The market for aircraft seating is driven by many factors such as the growing manufacturing of aircraft. According to Boeing, the global commercial aircraft fleet is expected to reach 49,405 by 2040. This is majorly due to growth in air freight and passenger demand for aircraft is rising. Airline companies are focusing on providing more luxurious experiences to their passengers. Thus, they are demanding that install a greater number of IFEC (In-flight Entertainment and Connectivity) integrated seats in their aircraft. This has greatly increased the adoption of IFEC-integrated seats. As the new advanced and light materials are being developed through constant R&D which is expected to offer new opportunities in the market.

The aircraft seating market was badly affected by the Covid-19 pandemic. The growth of the market was significantly affected due to the pandemic. The market players saw a decline in their revenue as the demand in the market slumped. The major cause due to the sharp decline in air freight and air passengers. Due to this airline companies bore heavy losses. In order to minimize the losses the airline companies had to do budget cuts, lay off staff, and halt the expansion of their aircraft fleets. Thus, the demand in the market was greatly hampered.  The aircraft manufacturer had to reduce the delivery of the aircrafts as there was a decline in the demand. Also, supply chain disruptions led to difficulties in sourcing the components of the aircraft. Other factors were the low availability of manpower due to the physical restrictions. Similarly, supply chain disruptions and low availability of manpower affected the manufacturing of aircraft seats.

OEM to Dominate the End User Segment of the Aircraft Seating Market

The OEM sub-segment is expected to dominate the End User segment of the market. OEM sub-segment held the largest share if the End User segment in 2020. OEMs are expected to be the biggest end-user of aircraft seating. This is primarily because aircraft manufacturers are receiving orders for new aircraft and increased rates from airline companies around the world specifically from developing countries in Asia-Pacific. The demand for new aircrafts is growing as the number of air passengers and air freight is increasing.

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North America to Be the Dominant Region in the Aircraft Seating Market

North America generated the highest revenue in the Aircraft Seating market in 2020 and is expected to continue its dominance over the forecast years.  Various factors are responsible for the rapid growth of the market in North America. North America has the most advanced aviation ecosystem in the world. The region is already one of the biggest air transportation in the world. Every year numerous passengers travel through and tonnes of cargo is shipped through aircraft to and fro from North America. The demand and supply of aircraft seats in North America is always high. Global aircraft manufacturers such as Gulfstream, Lockheed Martin, and Boeing are headquartered in North America, they have their manufacturing and innovation centers in the region.

Similarly, some of the prominent aircraft seat manufacturers operate from the region such as Textron, Inc and Collins Aerospace. Europe is expected to remain the second largest revenue generator in the market. Europe also has one of the most renowned aircraft seat manufacturers headquartered such as RECARO Aircraft Seating GmbH & Co. KG, Safran SA, Aviointeriors S.p.A. and others. Asia-Pacific is expected to be the fastest growing region in the world owing to the growing aviation industry in China and India.

Major players Operating in the Aircraft Seating Market are Focusing on Onboarding New Customers and the Launch of New Products

The Aircraft Seating Market is a supplementary industry to the aircraft manufacturing industry. Thus, perfecting the end products through continuous product development and Research and meeting the changing requirements of customers has been the prime focus of market players. The major players in the market include Collins Aerospace, RECARO Aircraft Seating GmbH & Co. KG, Hong Kong Aircraft Engineering Company Limited, Acro Aircraft Seating Ltd, S.A., Aviointeriors S.p.A., and Others. Penetarting the market through product launches and acquiring new customers has been the focus of the market players.

In May 2021, RECARO Aircraft Seating GmbH & Co. KG integrated its SL3710 seat into the new Airbus fleet of TAP Air Portugal. In May 2019, Collins Aerospace launched a new Next-generation Evolution™ seat offering enhanced comfort and cabin room for passengers of business aviation. Infinium Global Research’s recent report on the Global Aircraft Seating Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of aircraft seating.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.