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Aircraft Seating Market US$1,195.06M Mn by the end of 2021 at a CAGR of 7.6%

Global aircraft seating market was valued at USD 771.08 million in 2016 and is expected to grow USD 1,195.06 million by 2022, at a CAGR of 7.6% between 2017 and 2022.
Published 09 February 2018
Zion Market Research has published a new report titled “Aircraft Seating Market by Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, Very Large Aircraft, and Regional Transport Aircraft), by Seat Class (First Class, Business Class, Premium Economy, and Economy), and by Component (Seat Actuators, Foams & Fittings, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global aircraft seating market was valued at around USD 771.08 million in 2016 and is expected to reach approximately USD 1,195.06 million by 2022, growing at a CAGR of around 7.6% between 2017 and 2022.

Airline seats are usually arranged in rows and separated by aisles running along the length of aircraft's fuselage. Airlines have dissimilar seat maps for a similar type of aircraft, which are purely based on the routes and the targeted passenger segment. The increasing per capita income is expected to create the potential opportunity for the aircraft seating market across the globe. Seat actuation systems are utilized for providing comfortable seating for the aircraft's passengers. This demand is in return creating a demand for commercial aircrafts. The demand for seat actuation systems is increasing globally, as it is one of the important components for the aircraft cabins. Furthermore, the rising awareness for ergonomic seating is also driving the growth of aircraft seat actuation systems market.

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The global aircraft seating market is expected to witness robust growth in the near future. The market is mainly driven by growing popularity for seat actuators and increasing demand for aircraft interiors market. Enormous advancements in the manufacturing technology of aircraft seat and the materials and components are expected to create the potential opportunity for the global aircraft seating market. Asia Pacific aircraft seating market is expected to grow at a relatively high rate over the forecast period. Additionally, up-gradation of technology is expected to further stimulating the growth of the market. However, an upsurge in the demand for low frill aircrafts and requirement of huge capital may hinder the growth of this market.

Global Aircraft Seating Market

On the basis of aircraft type, the aircraft seating market is segmented as wide body aircraft, narrow body aircraft, very large aircraft, and regional transport aircraft. Among which wide body aircraft segment is expected accounted for the major revenue share in the aircraft seating market over the forecast period. Narrow body aircraft and regional transport aircraft segments are followed by the wide body aircraft segment in terms of revenue share.

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On the basis of seat class, aircraft seating are categorized into first class, business class, premium economy, and economy. Among the aforementioned segment, economy segment accounted for the relatively revenue share in the aircraft seating market. The growth of business class segment is attributed to increasing working population and increasing per capita income.

On the basis of component, aircraft seating are categorized into seat actuators, foams & fittings, and others. Among all component segmentation, others segment accounted for the largest market share, followed by foams & fittings sweetener. However, seat actuators segment is expected to expand at a substantial growth rate, owing to up-gradation of technology and increasing demand for aircraft seating with actuators.

On the basis of the region the aircraft seating market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. Among all the regions, Asia Pacific region dominates the aircraft seating market in 2016 followed by North America in terms of value. In the Asia Pacific, China was a major market for aircraft seating and accounted for the largest market share in 2016. In Latin America, Brazil will be a major supplier of sucrose, which is anticipated to have an impact on production of aircraft seating.

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Some of the key players operating in the market include Zodiac Aerospace, B/E Aerospace, Inc., RECARO Aircraft Seating GmbH & Co. KG, Geven S.p.A., Aviointeriors S.p.A., Acro Aircraft Seating Ltd., Thompson Aero Seating Ltd., HAECO Americas LLC, ZIM FLUGSITZ, STELIA Aerospace S.A.S., etc. The key players focus on boosting their distribution network all over the globe in order to meet growing demand.

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