Aircraft Seating Market to Worth USD 9.25 Billion by 2029 | With a 4.19% CAGR

Key companies covered in aircraft seating market are Collins Aerospace (U.S.) ,ACRO Aircraft Seating Ltd (U.K.), Aviointeriors S.p.A. (Italy), Expliseat SAS (France), Geven S.p.a. (Italy), HAECO (China), Iacobucci HF Aerospace S.p.A. (Italy), JAMCO Corporation (Japan), Adient Aerospace (U.S.), Mirus Aircraft Seating Ltd (U.K.), RECARO Aircraft Seating GmbH & Co. KG (Germany), STELIA Aerospace (France), Thompson Aero Seating Limited (U.K.), Zim Flugsitz GMBH (Germany), Safran SA (France), and Lufthansa Technik AG (Germany), and more players profiled.

Pune, India, May 03, 2023 (GLOBE NEWSWIRE) — The global aircraft seating market size was valued at USD 6.87 billion in 2021 and reached USD 6.94 billion in 2022. The market is expected to reach USD 9.25 billion by 2029, exhibiting a CAGR of 4.19% during the forecast period. Rising passenger aircraft deliveries and the adoption of lightweight materials are expected to propel the market development. Fortune Business Insights™ provides this information in its report titled “Aircraft Seating Market, 2022-2029.”

The aircraft seating market is a highly competitive industry that is driven by factors such as passenger comfort, airline efficiency, and innovation. With the increasing demand for air travel, airlines are investing heavily in upgrading their seating options to offer a more comfortable and personalized experience for passengers. The market is also experiencing a shift towards lightweight and more eco-friendly materials, as well as advancements in in-flight entertainment systems and connectivity. Overall, the aircraft seating market is expected to continue growing in the coming years, driven by a combination of passenger demand and airline investments in modernization.

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List of Key Players Profiled in the Report

• Collins Aerospace (U.S.)
• ACRO Aircraft Seating Ltd (U.K.)
• Aviointeriors S.p.A. (Italy)
• Expliseat SAS (France)
• Geven S.p.a. (Italy)
• HAECO (China)
• Iacobucci HF Aerospace S.p.A. (Italy)
• JAMCO Corporation (Japan)
• Adient Aerospace (U.S.)
• Mirus Aircraft Seating Ltd (U.K.)
• RECARO Aircraft Seating GmbH & Co. KG (Germany)
• STELIA Aerospace (France)
• Thompson Aero Seating Limited (U.K.)
• Zim Flugsitz GMBH (Germany)
• Safran SA (France)
• Lufthansa Technik AG (Germany)

Report Scope & Segmentation:

Browse Detailed Summary of Research Report with TOC:

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Segments

By aircraft type, the market is segmented into commercial, business jets, regional aircraft, and transport aircraft. As per class, it is classified into economy class, premium economy class, business class, and first class. Based on seat type, it is categorized into 9G seats, 16G seats, and 21G seats. By component, it is divided into structure, foams, actuators, electrical fittings, and others. As per end-use, it is bifurcated into OEM and aftermarket. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

COVID-19 Impact:

Supply Chain Disruptions to Impede Market Growth

This market is expected to be negatively affected during the COVID-19 pandemic due to disruptions in the supply chain. This disruption is attributable to the restrictions placed on manufacturing to avoid infection spread. Further, travel and transport restrictions may hinder the availability of raw materials required to produce seating products. However, manufacturers adopt reduced capacities, part-time shifts, and automated production techniques to balance costs and enhance market position. 

Report Coverage

The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Driving Factors

Rising Passenger Air Traffic to Propel Market Progress

Aircraft seating is used in military and commercial aircrafts and is arranged in rows. The rising passenger air traffic is expected to bolster its demand. The rising demand for high-quality seating solutions is expected to enhance the demand for the product. Further, rising loads of air traffic may enhance the adoption of effective seating solutions from consumers. For example, as per Airbus, India shall require nearly 1,750 new cargo and passengers in the coming 20 years to satisfy freight and passenger traffic requirements. Additionally, the rising demand for In-Flight Entertainment and Connectivity (IFEC) is expected to drive the aircraft seating market growth.

However, the high costs associated with components and parts of the product may hinder the market growth. 

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Regional Insights

Presence of Large Number of Players to Enhance Market Growth in North America

North America is expected to dominate the aircraft seating market share due to the presence of a large number of players. The market in North America stood at USD 2.11 billion in 2021 and is expected to gain a huge portion of the global market share. Further, rising air travel in the region is expected to enhance the market growth.

In Europe, the rising air traffic is expected to bolster the product demand. Further, the presence of several manufacturers such as STELIA Aerospace, Safran SA, Lufthansa Technik, and others is expected to propel the industry growth.

In Asia Pacific, strong investments in the aviation industry from India and China may foster the seating’s adoption. These factors may propel the market growth in the region.

Competitive Landscape

Major Players Achieve Certifications to Improve Brand Presence

Prominent companies operating in the market achieve certifications to enhance their brand presence. For example, HAECO Cabin Solutions achieved an FAA Technical Standard Order (TSO) certification for its Vector Light in April 2021. It is a catalogue that features an extensive range of products with selectable options to offer passengers enhanced convenience. This strategy may allow the players to enhance their operations and global brand presence. Further, companies invest heavily in partnerships, acquisitions, research and development, expansions, and novel product launches to enhance brand image globally.

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Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
  • Latest technological Advancements
  • Porters Five Forces Analysis
• Quantitative Insights-Impact of COVID-19 Pandemic on Global Aircraft Seating Market
  • Impact of COVID-19 Pandemic on Global Aircraft Seating Market
  • Steps Taken by Industry/Companies/Government to Overcome the Impact
  • Key Development in the industry in Response to COVID-19 Pandemic
  • Potential Opportunities due to COVID-19 Outbreak
• Global Aircraft Seating Market Analysis, Insights and Forecast, 2018–2029
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Aircraft Type
    • Commercial
    • Business Jets
    • Regional Aircraft
    • Transport Aircraft (Military & Commercial Aircraft)
  • Market Analysis, Insights and Forecast – By Class
    • Economy Class
    • Premium Economy Class
    • Business Class
    • First Class
  • Market Analysis, Insights and Forecast – By Seat Type
    • 9G Seats
    • 16G Seats
    • 21G Seats
  • Market Analysis, Insights and Forecast – By Component
    • Structure
    • Foams
    • Actuators
    • Electrical Fittings
    • Others
  • Market Analysis, Insights and Forecast – By End-User
    • OEM
    • Aftermarket
  • Market Analysis, Insights and Forecast – By Region
    • North America
    • Europe
    • Asia Pacific
    • The Middle East and Africa
    • South America

TOC Continued…!

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Key Industry Development

• March 2022: Mirus Aircraft Seating Ltd declared the extension of hawk aircraft seats by making it available on the Boeing 737 for the first time, doubling Mirus’ potential market capability.

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