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:
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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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