Aircrafts seats: Key market research findings
- Increase ion seating capacity and innovative seat designs
- Implementation of lightweight and advanced seats
- Key players include Aviointeriors SpA, B/E Aerospace, Geven SpA, RECARO Aircraft Seating GmbH, and Zodiac Aerospace SA.
Technavio’s market research analysts predict the global commercial aircraft seating market to grow at a CAGR of around 8% between 2016 and 2020. Airline seats play an important role in the quality of service provided by any commercial airline. This has prompted several aircraft manufacturers to come up with advanced seating arrangements in aircrafts in terms of designs that offer passenger comfort, increase profitability, and reduce fuel consumption. The Americas will be the dominating region in the market during the forecast period and is anticipated to occupy more than 37% of the total market share. Due to the rise in demand for commercial flights and the significant increase in air traffic, the FAA (federal aviation administration) has extensively invested in the procurement of new lightweight and advanced seats.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the aircraft manufacturers are focusing on the weight reduction of aircrafts. They are using advanced lightweight materials for the construction of seats. Such growing focus towards weight management of aircraft will optimize the ratio between payload and range and consequently, result in low fuel consumption. Vendors are paying attention to these advanced seats to meet customer expectations in terms of comfort, safety, and IFE technology,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The narrow-body segment accounted for almost 48% of the total market share and dominated the market during 2015. The increasing demand for single-aisle aircraft and the emergence of a number of new airlines that cater to the demand of LCCs (low-cost carrier) and FSCs (full-service carrier) will subsequently drive the demand for single body aircraft during the forecast period.
Though there are only a few major aircraft seat manufacturers who dominate this market with advanced technologies, the presence of several prominent vendors will result in this market being highly competitive. The next four years will witness constant vendor competition on the basis of cost, product quality, reliability, and market share. The recent rise in the number of vendor collaborations and acquisitions and the subsequent increase in investments will lead to the development and introduction of advanced cost-efficient seats in the market.
A more detailed analysis is available in the Technavio report, Global Commercial Aircraft Seating Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
