The aircraft cabin interior market is projected to reach USD 29.16 Billion by 2021, at a CAGR of 11.57% from 2016 to 2021. Factors such as increasing number of aircraft orders, growing regional economies; modernization of aircraft programs to reduce operational costs, and increasing demand for air travel are expected to drive the global aircraft cabin interiors market.
Browse 107 market data tables with 167 figures spread through 219 pages and in-depth TOC on "Aircraft Cabin Interiors Market - Global Forecast to 2021"
www.marketsandmarkets.com/Market-…60139.html
The seating segment to dominate the aircraft cabin interiors market
On the basis of product, the seating segment dominates the aircraft cabin interiors market and is expected to continue its dominance over the next five years. The demand for aircraft seating is primarily driven by upgradation of aircraft programs to reduce operational cost, increasing aircraft deliveries, and significant growth in air traffic across the globe.
Connect for more details:
www.marketsandmarkets.com/speakto…d=74760139
The retrofit segment is expected to grow at the highest pace during the forecast period.
The retrofit segment dominates the overall aircraft cabin interiors market, by fit and is expected to exhibit a similar trend during the forecast period. It is expected to dominate the market on account of modernization of aircraft programs to reduce operational costs and the replacement requirement for aircraft cabin interiors including seating, galleys, windows & windshields, cabin lighting, lavatory, and IFEC.
The aircraft cabin interiors market is expected to witness the highest growth in the Asia-Pacific region.
The Asia-Pacific region has been witnessing strong growth in the aviation industry over the past few years, mainly driven by increasing demand for new aircraft deliveries and increasing air traffic in this region, which in turn is expected to boost the aircraft cabin interiors market. This growth can also be attributed to the increase in trade and tourism, increasing disposable of the middle class population in emerging countries such as India and China.
Key players in the aircraft cabin interiors market includes Thales Group (France), Honeywell International Inc. (U.S.), Diehl Stiftung & Co. KG (Germany), B/E Aerospace (U.S.), United Technologies Corporation (U.S.), Luminator Technology Group (U.S.) Panasonic Corporation (Japan), and PPG Industries Inc. (U.S.) among others.
For more information:
News From
MarketsandMarkets™ Category: Industry Reports & Market Analysis Profile: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, w ...
