The global aircraft cabin interior market is anticipated to attain a valuation of USD 20.7 billion in 2023 and is estimated to reach USD 37.6 billion by 2033, and is likely to increase at a CAGR of 6.1% during the forecast period.
In recent years, there has been a significant increase in long-haul flights, which are characterized by non-stop air travel lasting over seven hours. This trend can be attributed to the extended traveling range of aircraft, resulting in shorter travel times and fewer transit complications. However, long-haul flights can pose challenges for passengers, including fatigue, restlessness, jet lag, and overall discomfort. To address these issues, airline carriers are prioritizing passenger comfort, leading to a growing adoption of comfortable, customizable, and technologically advanced cabin interior systems.
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The landscape of global air transport has been transformed by the emergence of low-cost airlines, as reported by the International Civil Aviation Organization (ICAO). In 2018 alone, low-cost carriers were responsible for transporting an estimated 1.3 billion passengers. This shift has created a surge in demand for aircraft interior refurbishment and space optimization, particularly from low-cost carriers and regional airlines.
As per the Boeing Commercial Market Outlook and Airbus Market Forecast of 2019, there is a strong anticipation of a substantial rise in global air travel demand in the next decade. This growth is expected to be supported by the entrance of approximately 200 million individuals into the middle-class category worldwide. Consequently, the market for cabin interiors is projected to expand, benefiting from this increased demand.
Key Takeaways
United States aircraft cabin interior market is expected to grow with a CAGR of 6.1% during the forecast period.
The demand for aircraft cabin interior in Russia is expected to grow with a CAGR of 5.9% during the forecast period.
By distribution channel, the aftermarket segment is projected to grow with a CAGR of 6.8% during the forecast period.
The market in China is expected to grow with a significant CAGR of 6.5% throughout the forecast period.
“A shift from conventional systems to more soothing and comfortable interior products in long-haul flights is expected to drive market growth during the forecast period,” comments an FMI analyst.
Competitive Landscape
The market for aircraft cabin interior is highly competitive, with numerous prominent industry players making substantial investments in their production.
The key industry players are United Technologies Corporation, Zodiac Aerospace S.A., HAECO Group, Diehl Stiftung & Co. KG, Aviointeriors S.p.A., Geven S.p.A., Bucher Group, Panasonic Avionics Corporation, Turkish Cabin Interior Inc., SCI Cabin Interiors, Factorydesign and Honeywell International, Inc.