Pune, India, May 13, 2019 (GLOBE NEWSWIRE) -- This Aircraft seating market is anticipated to have a notable growth at an impressive 7.24% CAGR during the forecast period (2019-2024), reveals the Market Research Future (MRFR) report. The global aircraft seating market is highly lucrative and amid the fastest growing. Airline passengers look for utmost comfort while travelling to very long distances, that entails them to spend above 24 hours seated in the aircraft. Growing problems associated to passenger safety at the time of improper take-offs or landings and the time of air turbulences have made opportunities for manufacturers in developing aircraft seats having more improved features. The aircraft seats are automated and also possess the ability of allowing passengers in adjusting their seating position according to their comfort level. Resting on the cabin configuration for augmenting passenger comfortability, passengers are benefitted with a couple of advanced amenities namely additional seat recline, individual power ports, extra leg room and wider seats. These days aircraft seats are specially designed in being lightweight, have high strength and stiffness, are fire resistance, made with insulated material, are highly durable and have repairability to provide best in class passenger safety measures.
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Manifold Features Fueling Market Growth
According to the MRFR report, there are manifold factors that is driving the aircraft seating market growth. These include increase in new aircraft orders, upgradation and maintenance of existing aircraft, increase in premium economy class seats, expanding airline industry across the world, growing passenger air traffic, increasing business travel activities, retrofit technologies and advanced technologies. The entry of new players, growing tourism industry, custom innovation and burgeoning need for aircraft seats that are lightweight, highly durable and have low maintenance and offers enhanced comfort will also add to the market growth. Industry players are laying emphasis to design slim profile aircraft seats which will increase the legroom space, thus augmenting the comfort of the air passengers. Moreover, introduction of new fabrics such as carbon fiber are helping manufacturers in reducing the weight of the aircraft seat devoid of hampering the mechanical characteristics which in turn will expand the market share. Besides, manufacturers are laying emphasis to introduce advanced seats that will reduce the issues related to Deep Vein Thrombosis (DVT) resulting from inappropriate comfort.
On the contrary, economic slowdown, alternative transportation medium, longer ROI and high investment cost may deter the growth of the aircraft seating market during the forecast period.
Market Segmentation
The MRFR report provides an inclusive analysis of the Aircraft Seating Market based on fit, aircraft type, and seat type.
Based on seat type, it is segmented into first class, business class, premium economy, and economy. Of these, the economy segment will have the largest share in the market during the forecast period while the premium economy segment will grow at the fastest pace.
Based on aircraft type, it is segmented into regional transport aircraft, narrow body, and wide body. Of these, the wide body segment will dominate the aircraft seating market during the forecast period. It is widely in demand, especially for long-haul routes with high traffic volume.
Based on fit, it is segmented into retrofit and line fit. Of these, the retrofit segment will account for a major share in the market during the forecast period. This segment covers the aircraft seating market for seats that are procured by every end-user except military aircraft OEMs and commercial aircraft. It comprises of defense organizations, government agencies and other aircraft users. Fleet modernization programs are amid the key factors that is influencing the growth of the market.
Head to Head Competition
Leading players operating in the aircraft seating market include Thompson Aero Seating Ltd, JAMCO Corporation, GEVEN SpA, Zim Flugsitz GmbH, Aviointeriors SpA, ACRO Aircraft Seating Ltd, Recardo Aircraft Seating GmbH & Co.KG, Zodiac Aerospace, Hong Kong Aircraft Engineering Company Limited, and B/E Aerospace, Inc..
April 2019- Airbus has lately unveiled the latest design of its Business Class seats, the “Settee Corner”. It is similar to a couch or recliner than the usual aircraft seat. This latest design is an outcome of the partnership between Airbus and leading airline seat manufacturer, Geven. These seats will offer every amenity that is found in Business Class such as entertainment screen, overhead room, ample storage areas, fold-out table that is perfect for working and more. These seats along with offering passengers with extra comfort levels are also comparatively lighter compared to earlier Business Class seats.
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North America to Steer the Market
By region, the aircraft seating market covers growth opportunities and latest trends across North America, Latin America, Middle East and Africa, Europe, and Asia Pacific. Of these, North America will steer the aircraft seating market during the forecast period. Canada and the US are the key contributors in this region. Increasing investments being made on various aircraft modernization programs is anticipated in creating extra opportunities for the players in the market in this region. Moreover, collaborations amid airlines is also fueling the growth of the aircraft seating market which is prognosticated to have a favorable growth at a whopping 36.79% CAGR during the forecast period.
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