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Global Aircraft Seating Market to Grow at a CAGR of 7% During 2021-2026, Aided by the Increasing Demand for IFEC Systems Integrated Seats

According to a new report by EMR titled, ‘Global Aircraft Seating Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 7% in the forecast period of 2021-2026.

The global aircraft seating industry is being driven by the growing demand for narrow-body aircrafts. As a result, there has been a surge in the development of more advanced aircraft cabin solutions because of the strict rules of the aviation industry about aircraft weight. This has caused a growth of the aircraft seating industry. Another important factor driving the market is the increasing awareness about passenger safety, which has led to several modern innovations in seat designs. The major players in the industry are turning their attention towards the development of seats that can absorb high-intensity shocks and stay intact during a situation of impact. Moreover, the growing number of low-cost airlines has caused an increased demand for premium economy class seats, which, in turn, has driven the aircraft seating industry growth. Additionally, the growing awareness about the adoption of 16G seats is expected to augment the growth of the market. This can be attributed to the added comfort and safety offered by these seats over the 9G variant.

Some of the key recent industry developments are anticipated to significantly boost the market growth over the next few years. For instance, in June 2020, Safran SA (EPA: SAF) made the commitment of designing a brand-new interspace seat portfolio. This will help in preventing the spread of coronavirus as the seats will be sufficiently spaced from each other. In another case, Thompson Aero Seating Limited announced the release of its new seat structure called VantageSOLO, which offered a horizontal flatbed having direct aisle access. Such developments by the leading players, including Adient plc (NYSE: ADNT) and others are expected to significantly contribute to the market growth in the forecast period. 

Market Analysis by Component, Seat Type, Fit Type, Aircraft Type, End Use, and Region:

  • The market on the basis of component can be divided into foam and fitting, structure, actuators, and others. 
  • Based on seat type, the industry can be divided into 9G, 16G, and others. 
  • The market is divided based on fit type into retro, and line.
  • On the basis of aircraft type, the industry can be categorised into wide body aircraft, very large aircraft, narrow body aircraft, regional transport aircraft, and others. 
  • Based on end use, the industry has been divided into aftermarket, OEM, MRO, and others.
  • The regional markets for aircraft seating include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

Key Findings of the Report:

  • The growing adoption of seats integrated with IFEC systems is a key driver for the market.
  • The growing technological advancements and the increasing air passenger traffic are expected to cause the growth of the industry as a whole.
  • The rising attention towards developing safer seats is expected to aid the market growth.
  • The rapid urbanisation in developing economies is expected to further bolster the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for aircraft seating  for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the components, seat types, fit types, aircraft types, end uses, and regions of aircraft seating.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global aircraft seating market are Geven S.p.A., Thompson Aero Seating Limited, Aviointeriors S.p.A., Adient plc, and Collins Aerospace (Raytheon Technologies Corp.), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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