The report aircraft cabin interior market report focuses and elaborates on the definition, types, applications, and major players in detail. Deep analysis of aircraft cabin interior market status, competition pattern, enterprise, advantages and disadvantages of enterprise Products, industry development trends, regional industrial layout characteristics, and macroeconomic policies, industrial policy has also been studied and provided within the synopsis.
The aviation industry has incurred a revenue loss of around USD 27.06 billion this year. This, in turn, will negatively impact the growth of the market. The global aircraft cabin interior market size is predicted to reach USD 35.36 billion by 2027, exhibiting a CAGR of 11.8% during the forecast period. The following market is expected to decline significantly in 2020 due to the COVID-19 impact and hence the 2020-2027 CAGR is high.
One of the major aircraft cabin interior market trends involves the innovation in cabin design and technologies by OEMs. The growing emphasis on cabin storage technology along with hardware technologies such as Active Noise Control technology, seat automation, air filtration system, and development of new material and components for different aircraft cabin interior systems will bolster healthy growth of the market during the forecast period.
Moreover, the introduction of IoT for cabin crew members in aircraft will subsequently aid the expansion of the market in the forthcoming years. In addition, the rising development and innovation in aircraft to enhance passengers' experience by leading market players will favor market growth in the foreseeable future.
The Report Lists the Main Companies in the Aircraft Cabin Interior Market:
- Astronics Corporation
- Cobham PLC
- Collins Aerospace (United Technologies Corporation)
- Diehl Stiftung & Co. Kg
- Global Eagle Entertainment Inc.
- Gogo Inc.
- Haeco Americas
- Honeywell International Inc.
Key Development:
March 2019 – RECARO Aircraft Seating, an independent division of RECARO Holding GmbH headquartered in Germany, announced the investment of USD 74.02 million for the research and development of business class seating.
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Global Business Aircraft Market by Aircraft Type (Fixed Wing (Light Jets, Mid-Size Jets, and Heavy Jets) and Rotary Wing), Service (Fractional Ownership, Charter, & Jet Card Programs), Application (Tourism, VIP Transportation, & Others) and Region – Global Forecast till 2023Market ScenarioBusiness aircraft are an integral part of the business aviation industry.
A business aircraft is a jet aircraft designed for transporting small groups of people.
Business jets can be adapted for other roles as per requirements by public bodies, government officials, or armed forces, such as evacuation of casualties or express parcel deliveries.. Business aircraft is strongly correlated with new orders, deliveries, and high net order expectations.
Business aircraft have improved significantly in the past five decades, from gas-guzzling go-getters to today’s highly efficient, long-legged luxury liners and tiny personal jets.
There has to be something else, many more factors affecting the price.The factors responsible for the growth of business aircraft market is the significant growth in global economies and the simultaneous improvement of the aviation industry.
On the basis of the service, chartered service is expected to grow at the highest CAGR during the forecast period due to consistent demand from North America and Europe.
EgyptAir has added a new Boeing 787-9 aircraft to its fleet, on lease from aircraft lessor AerCap Holdings NV (AerCap).
This is the fifth aircraft of a six-aircraft deal and the remaining aircraft is scheduled to deliver to the airline in August 2019.Read More ................
