Global Aircraft Seating Market Growth Is Expected To Be Driven By Increasing Preference Towards Comfort And Safety Of Passenger
Pune, Maharashtra, May 10, 2019 (Wired Release) Prudour Pvt. Ltd. – Airline passengers expecting the highest degree of comfort, especially while travelling to long distances, when spending more than 24 hours seated in an aircraft. Manufacturers are focusing on fulfilling these requirements and improving the comfort levels of their products. In addition, stringent regulations on passenger safety is another important part aims for safety provisions on aircraft seats. Aircraft seats are designed to be lightweight, fire resistance, high strength stiffness, insulating material, high durability, repairability, and others with an aim to offer passenger safety measures.
The overall revenue generated from the global aircraft seating market is anticipated to be valued at somewhere around US$ 10,139.2 Mn in 2018, which is expected to rise at a CAGR of 13.8% over the next 10 years. Technological advancements and manufacturers preference towards the development of innovative products through strategic merger and acquisition activities are some opportunities in a certain extent for players operating in the global market. for example, in November 2018, United Technologies (UTC) acquired US-based Rockwell Collins, Inc. for US$ 30 Bn in order to form Collins Aerospace, which is the combination of Rockwell Collins, Inc. and UTC Aerospace Systems.
Technological advancements in seat designs will create opportunities for aircraft manufacturers in order to increase their production capacity. Stringent government regulations for passenger safety will promote safety provisions for aircraft seats. High investments and delay in aircraft deliveries are some challenging factors for aircraft seating market. Ongoing trend observed in the target market is the introduction of high-technology seats and installation of technologically advanced business-and first-class seats on long-haul flights. Additionally, increasing use of IoT in commercial aircraft will be act as a primary factor for such a trend.
Aircraft seating is bifurcated into three types such as first-class seat, business class seat, and economy class seat. First class seats are different from large reclining seats with more legroom and width as compared to other classes coupled with fully reclining seat, workstation, and TV surrounded by privacy dividers. The economy class seat is also called a travel class or tourist class, etc., majorly preferred types of seats, due to its low cost. Aircraft seating manufacturers focusing on increasing production of aircraft seats for an economy class as the limited seating capacity of first-class limits the overall profits for companies.
Aircraft seats are used in various types of aircraft application such as commercial aircraft, military aircraft, and private aircraft. A military aircraft is any fixed-wing or rotary-wing aircraft, operated by a legal or insurrectionary armed service of any type. It can be either combat or non-combat. Combat aircraft are specially developed and procured by military forces only in order to destroy enemy equipment using their own aircraft ordnance. Non-combat aircraft are developed by either military forces or civilian organizations and mainly operate in support roles.
The North American is the leading region in the aircraft seating market, as the increasing presence of commercial aircraft manufacturers, such as Boeing and Bombardier in this region. Increasing demand for new aircraft along with advanced technology and a rising number of low-cost carriers in various countries in Asia Pacific region.
Some of the major players operating and profiled in the global aircraft seating market report include B/E Aerospace, Zodiac Aerospace, Stelia Aerospace, Recaro, Aviointeriors, Thompson, Aero, Geven, Acro, Aircraft Seating, ZIM Flugsitz, and PACHaeco.