Aircraft Seating Market Size to Reach Worth of USD 12.98 Billion by 2031 | SkyQuest Technology
Westford, USA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the aircraft seating market growth will attain a value of USD 12.98 Billion by 2031, with a CAGR of 6.60% over the forecast period (2024-2031). The upsurge in the global aircraft seating industry has been contributed to a lot by air travel, fleet expansion, and the demand for new seating technologies. This industry is one of the most interesting sectors of work for airlines and aircraft manufacturers because aircraft seating alone can ensure passenger comfort and satisfaction. The market is thus very competitive as it fights to provide innovative, efficient, and effective seating solutions. The most significant reason for the aircraft seat market is stable growth of the aviation industry. Increasing middle-class population in developing countries, changing lifestyles, and growing disposable incomes increase the demand for air travel. There is a huge market for rich seating options that cater for the various classes and tastes largely because of an increase in the number of new aircraft that are bought by airlines and existing ones under retrofitting.
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Browse in-depth TOC on "Aircraft Seating Market"
- Pages - 157
- Tables - 65
- Figures – 75
Aircraft Seating Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 7.78 Billion |
| Estimated Value by 2031 | $ 12.98 Billion |
| Growth Rate | Poised to grow at a CAGR of 6.60% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Platform, Seat Material, Seat Type, Standard, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the world |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Autonomous Aircraft Development |
| Key Market Drivers | Rising Focus on Passenger Experience |
Aligning with Budget-Friendly Services, Economy Class Segment Dominated Aircraft Seating Market
With a growing demand from budget and low-cost airlines, the economy class segment currently dominates most of the aircraft seating market. Airlines are focusing on better experience for the passenger in this market since more tourists prefer cheaper options for travel. Recent innovation in technological designs, the economy seats in aircraft seating have become comfortable and light. These seats often have the component of nonmetal, which further enhances endurance and enables a reduction in overall aircraft weight that would help save fuel. Airlines are also investing in ergonomic innovations that turn out to be even more comfortable and supporting on longer trips. The purpose behind such a shift is to attract more travelers and thus expand the market share of the economy class category.
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21G Seats Segment Anticipated to Rising Purchase of Contemporary Jet Aircraft
The acquisition of modern jet aircraft, both business as well as commercial, with opulent seating, remains one of the most significant growth drivers for the 21G seats market. The latest In-Flight Entertainment and Connectivity (IFEC) devices installed in these seats enhance the travel experience of passengers across both long and short trip flying. Demand for 21G seats is increasing as airlines enforce severe safety attributes yet deliver greater comfort and comfort and comfort as they try to add value across the overall experience of flying. Technology is increasingly being introduced into seating solutions that include connectivity features and in-car-specific entertainment options-raising growth in this area of the fiercely competitive aviation industry.
Dominance of North America Due to Presence of Well-Established Manufacturers
North America led the market being a prime aviation center due to several airlines and a large fleet of commercial aircraft. The North American market was valued at USD 2.12 billion in 2023. This growth rate is expected to grow at a significant rate in the upcoming years during the forecast period. Significant growth in this market can be witnessed due to the large number of industry participants and aircraft manufacturers. Increased air travel, big airlines' presence, and growing importance of comfort and amenities aboard the aircraft on passengers are the factors driving demand for aircraft seats.
Aircraft Seating Market Insights
Drivers
- Growing Focus on Passenger Experience
- Expansion of Low-Cost Carriers
- Growing Air Travel Demand
Restraints
- Limited Space in Aircraft
- Consumer Price Sensitivity
- Long Lead Times
Key Players Operating in Aircraft Seating Market
The following are the Top Aircraft Seating Companies
- Collins Aerospace
- ACRO Aircraft Seating Ltd
- Aviointeriors S.p.A.
- Expliseat SAS
- Geven S.p.a.
- HAECO
- Iacobucci HF Aerospace S.p.A.
- JAMCO Corporation
- Adient Aerospace
- Mirus Aircraft Seating Ltd
Key Questions Covered in the Global Aircraft Seating Market Report
- What are the factors promoting market growth?
- What key players are operating within the market?
- Which is the dominant sub-segment of seat type?
- What is the major market restraint?
- What will be the market size by 2031?
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This report provides the following insights:
- Analysis of key drivers (expansion of low-cost carriers, rising air travel demand), restraints (long lead time, consumer price sensitivity) opportunities (integration of health features, development of hybrid aircraft), and challenges (customer retention, supply chain variability) influencing the growth of the aircraft seating market
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the aircraft seating market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the aircraft seating market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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