Global aircraft cabin interior market is expected to flourish at 11.26 % CAGR over the forecast period. Moreover, the global aircraft cabin interior market was valued at USD 15.52 Billion in 2015 and is expected to reach at notable revenue of USD 28.12 Billion by the end of 2023. Riding on the back of increasing air traffic and emergence of new airports the aircraft cabin interior market is likely to showcase substantial growth over the forecast period.
The wide body aircraft segment by aircraft type is likely to grow at remarkable pace during the forecast period. Factors such as, rising demand for enhanced customer experience and increasing new airplane deliveries are envisioned to bolster the growth of wide body aircraft cabin interior market during the forecast period. Furthermore, low oil prices suppress the sales of new aircrafts which in turn likely to fuel the growth of aircraft cabin interior market in future.
Rising Demand for Enhanced Aircraft Atmosphere
Airline industries are offering various services to enhance passenger’s travelling experience such as in-flight connectivity, passenger self-service, infotainment systems and other services. This factor is expected to increase the growth of aircraft cabin interior market in future.
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Increasing Sales of New Aircrafts
Factors such as emergence of new airports and growing regional airline transportation are major factors which are escalating the sales of new aircrafts. Further, rising sales of new aircrafts is anticipated to propel the growth of aircraft cabin interior market during the forecast period. For Instance, an Indian airline Indigo ordered 250 A320neo family aircrafts in 2015.
Although, high cost of customized aircraft cabin interiors is likely to inhibit the growth of the aircraft cabin interior market in the near future.
The report titled “Aircraft Cabin Interior Market : Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global aircraft cabin interior market in terms of market segmentation by product, by application, by aircraft type, by cabin class, by fit, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global aircraft cabin interior market which includes company profiling of B/E Aerospace, Inc., United Technologies Corporation, Aviointeriors S.P.A., Panasonic Avionics Corporation, Turkish Cabin Interior Inc., HAECO Group, Zodiac Aerospace, Lufthansa Group, Qantas Airways Limited, Honeywell International Inc. and Thales Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aircraft cabin interior market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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