The aircraft cabin interior is a crucial element of any aircraft, offering passengers a comfortable, safe, and visually appealing environment during their flight. Some passengers may experience discomfort at higher altitudes, leading to less than satisfactory travel experiences. As a result, airline operators focus on upgrading interior products to improve the comfort and overall travel experience for passengers. The components of an aircraft cabin interior encompass cabin seats, a galley, interior aircraft panels, storage bins, in-flight entertainment and connectivity systems, windows, and lavatory facilities.
Global Aircraft Cabin Interior Market: Drivers
Rising Demand for Long-Haul Flights and Regional Aviation Transport
According to the IATA Report on air passenger recovery, released in March 2022, the aviation industry is projected to achieve full recovery from the pandemic-induced demand drop by the end of 2023. Subsequently, it is expected to experience significant growth in the following decade due to increasing demand. As air travel returns to pre-pandemic levels, there will be a surge in demand for long-haul flights. To cater to passenger preferences and boost comfort, OEMs will focus on producing and enhancing aircraft cabin interiors. Moreover, the rise in disposable income post-pandemic is anticipated to enable more people worldwide to opt for air travel, leading to a substantial increase in air passenger numbers during the forecast period.
Global Aircraft Cabin Interior Market: Opportunities
Growing Refurbishment and Renewal of Old Aircraft to Extend Aircraft Life
In recent times, there has been an increasing demand for the revitalization and renovation of aging aircraft and business jets. As a significant number of aircraft retire annually, there arises a requirement to refurbish and renew these older planes, whether for passenger or freighter use. Many airlines and operators have now begun refurbishing their older aircraft, incorporating the latest and most modern aircraft cabin interiors as part of an upgrade process.
Global Aircraft Cabin Interior Market: Restraints
Strict Regulations and Delayed Certifications
Safety and weight play pivotal roles in the design of aircraft interior systems and components. Traditional materials and components utilized in aircraft cabin interiors can add significant weight to the aircraft, posing challenges. Moreover, strict aviation regulations pertaining to aircraft weight and safety standards contribute to increased production costs for aircraft cabin interior manufacturers.
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Key Takeaways:
Global Aircraft Cabin Interior market was valued at US$ 26.3 Bn in 2023 and is estimated to reach a value of US$ 45.7 Bn by 2030 at a CAGR of 8.2 % between 2023 and 2030.
Global Aircraft Cabin Interior Market, Gallery under application segment dominated the global market in 2022, accounting for 39.5% share in terms of value.
Global Aircraft Cabin Interior Market: Trends
Rise in Demand for Aesthetic Interiors and Customization
In recent years, both Original Equipment Manufacturers (OEMs) and airlines have shifted their attention towards creating visually appealing aircraft interiors. Previously, aircraft interiors were characterized by monotonous tones, basic colors, and lighting schemes, which did little to alleviate passenger discomfort at high altitudes. The growing demand for luxury features in high-end seats and customer preferences has opened up opportunities for OEMs to develop and source aircraft cabin interiors that provide comfort and security to passengers during flights. For example, airlines are now incorporating luxurious details and amenities to enhance the overall flying experience.
Global Aircraft Cabin Interior Market: Competitive Landscape
Key market player includes Aviointeriors S.p.A., Factorydesign, B/E Aerospace, Inc., SCI Cabin Interiors, United Technologies Corporation, Turkish Cabin Interior Inc., Zodiac Aerospace S.A., Panasonic Avionics Corporation, Collins Aerospace, HAECO Group, Diehl Stiftung & Co. KG, and Geven S.p.A
Global Aircraft Cabin Interior Market: Recent Developments
In March 2023, Virgin Atlantic Airlines, a UK-based carrier, unveiled an updated aircraft cabin interior and service in preparation for the launch of its A330NEO. The airline's objective is to revolutionize the in-flight experience by offering personalized interiors and services to passengers.
For instance, in March 2023, Shri Jyotiraditya Scindia, the Indian Minister of Civil Aviation and Steel, emphasized that the future demand for commercial aviation will be driven by the increased income and purchasing power of individuals.
For instance, in December 2022, Air India, an Indian airline company, declared its plans to renovate its wide-body fleet, consisting of 13 Boeing B777 and 27 Boeing B787-8 aircraft. Additionally, the market is expected to experience growth during the forecast period, driven by increasing Maintenance, Repair, and Overhaul (MRO) activities and refurbishment projects.
