What are some of the technological advancements in the market?

The global aircraft cabin interiors market size is projected to grow from USD 17.6 billion in 2020 to USD 32.7 billion by 2025, at a CAGR of 13.2% during the forecast period from 2020 to 2025. The growth of this market can be attributed to increasing number of aircraft orders due to rise in air passenger traffic across the globe. Moreover, airlines are concerned about enhancing the customer experience and as such, are investing in carrying out upgradation of their existing aircraft fleets.

Based on type, the In-flight Entertainment & Connectivity (IFEC) segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period.

The in-flight entertainment & connectivity segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of this segment can be attributed to an increased demand for in-flight entertainment & connectivity systems as they have become an alternate source of income for most of the airlines. The ancillary revenue obtained from these systems is helping airlines in maintaining and enhancing the quality of their onboardservices. Different airlines are using different sources such as onboard shopping, Wi-Fi connectivity, and advertising for revenue generation.

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Based on aircraft type, the wide body aircraft segment of the aircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025.

Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increasing number of new aircraft orders and rising demand for enhanced passenger experience, especially the long-haul aircraft are leading to the growth of the wide body aircraft segment of the aircraft cabin interiors market.

Based on end user, the Aftermarket segment of the aircraft cabin interiors market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is due to rising demand for retrofitting components within the aircraft cabin.

Regional Outlook

The Middle Eastaircraft cabin interiors market is projected to grow at the highest CAGR from 2018 to 2025. The growth of the market in this region is largely due to increase in fleet size, this market consists of aftermarket and MRO.

Key Companies Outlook

Major players operating in the aircraft cabin interiors market include Zodiac Aerospace (France), United Technologies Corporation (US), Astronics Corporation (US), Cobhamplc (UK), Diehl Stiftung& Co. KG (Germany), Global Eagle Entertainment (US), Gogo (US), Honeywell International (US), Panasonic Avionics (US), and RECARO Aircraft Seating GmbH & Co. KG (Germany), among others. These players offer different products used in aircraft cabin interiors such as aircraft seating, in-flight entertainment & connectivity, aircraft galley, and aircraft lavatory. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific regions.

Panasonic Avionics Corporation is another leading company in the aircraft cabin interiors market. It offers in-flight entertainment & connectivity solutions and services. The company has adopted the strategies of expansions and contracts to enhance its position in the market. It has received contracts from a number of airlines such as EgyptAir, Uzbekistan Airways, Turkish Airlines, Air China, and Interjet. The company has also undertaken 2 major expansions since 2017 in the Middle East and Asia to increase its global reach. Additionally, in July 2020, Panasonic Avionics Corporation partnered with Middle East Airlines Air Liban (MEA) to provide inflight entertainment and connectivity (IFEC) solutions known as eX1 seatback for 15 of its Airbus A321 family aircraft.

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