Aircraft Interior Systems Market 2019
The aircraft interior systems market is predicted to grow from USD 27.0 billion in 2018 to USD 40.2 billion by 2025, growing at a CAGR of 5.87% during the forecast period. The growth of this market can be attributed to the growing number of new aircraft requisitions due to rise in air passenger traffic across the world. Furthermore, airlines are now becoming increasingly focused on improving the overall customer experience and are therefore investing more into upgrading existing aircraft interiors, which is further boosting the growth of this market.
This report analyses the current status of the global aircraft interior systems market, outlines the key market drivers and the bases for market segmentation and studies the trends of this market from 2019 till 2024.
The following Major Manufacturers covered in this report
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The global aircraft interior systems market has been segmented based on type, application and geographical region.
Depending on the type, the market can be split into:
Structures and Integration Systems
Oxygen and PSU Units
Water & Waste Systems
In-flight Entertainment and Connectivity
It is anticipated that the in-flight entertainment and connectivity segment will grow at the highest CAGR during the forecast period.
Based on the application, the aircraft interior systems market can be divided into the following:
The commercial aircraft segment is expected to witness the fastest rate of growth during the forecast period. This growth can be attributed to the significant growth of the commercial aviation sector globally. Also, due to a considerable increase in air passenger traffic, the demand for new aircraft is increasing steadily, which is further expected to boost the growth of the aircraft interior systems market during the forecast period.
North America, Europe, Asia Pacific, South America, and Middle East and Africa are the major regions for the aircraft interior systems market across the world. North America dominated the global market in terms of revenue in 2018, and it is expected to be the market leader in the aircraft cabin interiors market during the forecast period, as it boasts of a flourishing aviation industry. Moreover, the leading global commercial aircraft manufacturers such as Boeing and Bombardier are based in the North American region, thereby creating an increased demand for aircraft cabin interiors.
However, the Asia Pacific region, especially the developing economies of China and India are expected to witness a considerable growth during the forecast period, due to the growing aerospace industry in this region.
As per the latest industry news, in January 2019, United Technologies Corporation (UTC) signed an agreement with Boeing and Iridium to provide Iridium Certus terminals for Boeing 737 MAX and 777X airplanes.
In November 2018, United Technologies (UTC) completed the acquisition of Rockwell Collins, Inc. for USD 30 billion to form a new entity called Collins Aerospace, which is a combination of Rockwell Collins, Inc. and Aerospace Systems of United Technology.
In April 2018, Global Eagle Entertainment Inc. launched a wireless in-flight entertainment option called Airconnect Go, which
does not need to be installed, and is in an all-in-one video-on-demand portable package.
In September 2018, EgyptAir signed a contract with Panasonic Avionics Corporation, to provide in-flight entertainment and connectivity solutions for its new fleet comprising 15 new aircraft.
Table of Contents –Analysis of Key Points
Global Aircraft Interior Systems Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
Aircraft Interior Systems Global Market Analysis by Regions
North America Aircraft Interior Systems by Country
Europe Aircraft Interior Systems by Country
Asia-Pacific Aircraft Interior Systems by Country
South America Aircraft Interior Systems by Country
Africa and Middle East Aircraft Interior Systems by Countries
Aircraft Interior Systems Global Market Segment by Type
Aircraft Interior Systems Global Market Segment by Application
Aircraft Interior Systems Market Forecast (2019-2025)
Sales Channel, Distributors, Traders and Dealers
Research Findings and Conclusion
List of Tables and Figures
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