New York, United States , Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Global Aircraft Lavatory System Market Size is to grow from USD 519.2 million in 2022 to USD 836.7 million by 2032, at a Compound Annual Growth Rate (CAGR) of 4.9% during the projected period. The system is experiencing a surge in demand due to a variety of factors ranging from increased demand for commercial air travel and technological advances to increased production capacity. Consumers are increasingly preferring hygienic and comfortable travel, which is encouraging airlines to integrate more advanced systems and becoming a huge key factor in measuring customer experience.
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Aircraft lavatory systems are systems designed and installed in aircraft that differ from general-purpose lavatory systems in terms of technology. Consumers are the primary source of revenue and profit for all airlines. During their travel time, most customers prefer to use clean and comfortable restrooms. The main advantages of such a system are its modern and lightweight design, which provides significant cost savings over a traditional system. The advanced system provides benefits such as increased reliability, ease of maintenance, and a lightweight design. Toilets, sensors, tanks, and vacuum generators are all available in these systems. They have been tested numerous times and in various conditions to meet the stringent OEM requirements. They demonstrate increased in-service reliability for the entire system after passing such evaluations. Some of the most important aircraft interior players are establishing manufacturing facilities to produce some of their components and parts, while many others are acquiring and merging. Companies are becoming more interested in expanding their supply chain networks and focusing on in-house supply. The growing preference for modern and advanced systems to reduce downtime on scheduled flights is expected to fuel the growth of the global Aircraft Lavatory System Market.
Browse key industry insights spread across 200 pages with 140 market data tables and figures & charts from the report on, "Global Aircraft Lavatory System Market Size, Share, and COVID-19 Impact Analysis, By Aircraft Type (Commercial Aircraft, Business Jet, Regional Aircraft), By Technology (Vacuum Technology, Recirculating Technology), By Component (Toilet Assembly, Waste & Water Tank Assembly, Plumbing System, Lavatory Cabin, Electric & Electronic Components, and Others), By End-User (OEM and Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032)." Get Detailed Report Here:
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The commercial aircraft segment is expected to grow at the highest rate in the global aircraft lavatory system market during the forecast period.
The global aircraft lavatory system market is divided into three segments based on aircraft type: commercial aircraft, business jet, and regional aircraft. In the global aircraft lavatory system market, the commercial aircraft segment is projected to expand at the fastest rate throughout the forecast period. Growing demand for commercial aircraft as air passenger traffic increases is projected to propel the expansion of the global aircraft lavatory system market.
The vacuum technology segment is expected to grow at the highest CAGR in the global aircraft lavatory system market during the forecast period.
The global aircraft lavatory system market is classified into vacuum technology and recirculating technology. Among these, the vacuum technology segment in the global aircraft lavatory system market is projected to expand at the fastest CAGR throughout the forecast period. The widespread use of vacuum systems, which include vacuum toilets, valves, tanks, vacuum generators, and sensors, can be attributed to segmental expansion.
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North America is anticipated to hold the largest share of the global aircraft lavatory system market over the predicted timeframe.
North America is expected to have the majority shares of the global aircraft lavatory system market in the coming years. The region's large commercial and business jet fleets are attributed to the expansion of the market. Increased passenger air traffic, the development of advanced aircraft lavatory components, and the presence of major players in the region are all factors driving market growth in North America.
Asia Pacific is projected to expand at the highest rate in the global aircraft lavatory system market throughout the forecast period. The growth can be attributed to the improvement in the economies of emerging countries such as India and China. The rising demand for new aircraft in China and India will almost certainly propel the aircraft lavatory system market forward.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Aircraft Lavatory System Market include JAMCO Corporation, Safran Group, Collins Aerospace, Diehl Aero-systems, Yokohama Aerospace America, Inc., CIRCOR Aerospace and Defense, Inc., AIM Altitude, The Nordam Group LLC, AeroAid Ltd, and Among Others.
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Recent Developments
In February 2023, ST Engineering disclosed that its commercial aerospace division has signed a Letter of Intent (LOI) to supply its Access expandable cabin lavatory to Vaayu Group (Vaayu), an aircraft leasing and MRO company. According to the terms of the agreement, ST Engineering will supply 20 Access lavatory units for installation on Airbus A320 and Boeing 737 aircraft, making Vaayu the unit's launch customer.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Aircraft Lavatory System Market based on the below-mentioned segments:
Global Aircraft Lavatory System Market, By Aircraft Type
- Commercial Aircraft
- Business Jet
- Regional Aircraft
Global Aircraft Lavatory System Market, By Technology
- Vacuum Technology
- Recirculating Technology
Global Aircraft Lavatory System Market, By Component
- Toilet Assembly
- Waste & Water Tank Assembly
- Plumbing System
- Lavatory Cabin
- Electric & Electronic Components
- Others
Global Aircraft Lavatory System Market, By End-User
- OEM
- Aftermarket
Global Aircraft Lavatory System Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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