Market Research Future Published a Cooked Research “Global Commercial Aircraft Cabin Interior Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.
Pune, India -- (SBWIRE) -- 04/10/2018 -- Commercial Aircraft Cabin Interior Market – Overview
A commercial aircraft cabin interior generally consists of lights, seats, windows, In-Flight Entertainment & Connectivity (IFEC) system, galleys, and lavatories. Aspects such as lights and seat design, color varieties, and other value add-ons enhance the overall look of the aircraft interior. Cabin interiors are typically designed to augment passenger comfort and the airline services. In spite of the rising fuel prices, there has been an increase in global air traffic with growth in investments by passengers. Moreover, passenger experience is a key differentiator used by airlines to attract new customers and retain the existing ones. Hence, airlines are consistently focusing on improving the cabin interiors of their aircraft in order to enhance efficiency, luxury, and passenger comfort. Of late, orders for single-aisle aircraft are rising, primarily in Asia, EMEA, and Latin America. In addition to buying new aircraft, airlines are investing heavily in advanced information and mobile technology, upgraded cabin interiors for higher levels of service, and additional seats to improve unit costs.
As a result, the global commercial aircraft cabin interior market is estimated to grow at a CAGR of around 11% during the forecast period.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1274
Market Driving Factors
The increase in air traffic is one of the key factors driving the market growth. The rising demand for air travel has resulted in many companies developing innovative products in the IFEC field. Investment in cabin interior products and aircraft weight reduction are some of the other major drivers of the growth of the market.
Upgrading to new technologies is a significant challenge for market vendors. Airlines face a challenge while implementing changes to cabin interiors as the technology soon becomes outdated. Introduction of design innovations and retrofitting aircraft interiors are some major challenges faced by the market players.
APAC airline industry dynamics are transforming as regulations liberalize the market, enabling carriers to expand beyond national borders. It is evident from the growth of air travel, as low-cost carriers reduce fares and open new markets. Increasing purchasing power and accessibility will stimulate demand for air travel in established markets and meet the emerging travel needs of the growing middle-class population in the region.
In the Asia Pacific region, there has been an increase in demand for narrow-body aircraft, especially, from LCCs in the recent years, owing to the emergence and growth of airlines such as AirAsia, Tata Vistara, Tigerair, Lion Air, and Jetstar Airways, among others. Growth in this market will continue to depend largely on passenger travel as an increase in the passenger growth rate will lead to an increase in the demand for more aircraft and therefore, cabin seats.
The key players of the global commercial aircraft cabin interior market are Diehl Aerosystems (Germany), Honeywell (U.S.), Jamco (Japan), Thales (France), Zodiac Aerospace (France), Aviointeriors (Italy), GKN Aerospace (U.K), Panasonic Avionics (U.S.), Recaro Aircraft Seating (Germany), and Rockwell Collins (U.S.).
Browse Full Report @ https://www.marketresearchfuture.com/reports/commercial-aircraft-cabin-interior-market-1274
- Distributor & Supplier companies
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.