CHICAGO, August 24, 2023 (Globe Newswire) — aircraft seat market By Class (Business, First, Premium Economy, Economy), End Use (OEM, Aftermarket, MRO), Aircraft Type (NBA, WBA, RTA, Business Jet), Material, Component, Region – Global Forecast to 2027“, The market is driven by several factors, including increasing number of premium economy seats, increasing demand for seats with IFEC systems, and maintenance and retrofitting of existing aircraft.
Scope of the Aircraft Seats Market Report:
| Reporting metrics | detail |
| Estimated market size | $6.3 billion |
| Projected market size | $8.7 billion in 2027 |
| CAGR | 6.8% |
| Market size over the years | 2018-2027 |
| Base year considered | 2021 |
| Forecast period | 2022-2027 |
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Aircraft seat market trends
Driver: Growing demand for seats with IFEC systems
Demand for in-flight entertainment and connectivity (IFEC) systems has increased over the past decade and has become an alternative revenue stream for most airlines. The IFEC system is installed in most airlines’ business and first class seats, as well as premium economy class seats. Ancillary revenue helps airlines maintain service quality and improve in-flight service quality. To increase ancillary income, some airlines are refurbishing cabins and installing seats with the latest IFEC systems. Also, upgrading older seats to modern IFEC systems is almost always impossible due to compatibility and configuration issues. Therefore, airlines replace old seats with new ones equipped with advanced IFEC systems. This trend is having a positive impact on the aircraft seating market.
Major Market Players in Aircraft Seating Market
- Saffron (France),
- Collins Aerospace (USA),
- Geven SpA (Italy),
- RECARO aircraft seats (Germany), and
- HAECO (Hong Kong)
“See Detailed Table of Contents”aircraft seat market trend, market value, market forecast, market growth”
328 – Table
44 – Figures
288 – page
Constraints: stringent regulatory standards and product certification procedures
In the aircraft seating market, the in-flight entertainment and connectivity market is subject to regulation in several countries, making it difficult for airlines to obtain approval for in-flight installation of IFEC systems. The process of obtaining certification for the IFEC system is very complicated due to the lengthy approval process and the high cost of the IFEC system. For example, the IFEC system must be connected to the electrical bus to ensure safe landing. This procedure requires Federal Aviation Administration (FAA) approval. Ultimately, these regulatory frameworks and certifications are therefore expected to restrain the growth of the aircraft seating market.
Opportunity: Rise of low-cost airlines
Low-cost airlines are responsible for providing affordable air travel to the masses. Also known as budget airlines, these airlines offer low to moderate service and offer low fares compared to full-service airlines. Low prices and promotional offers are the main factors driving the budget airline segment. This low-cost model has been very successful on short-haul routes, and demand for narrowbodies has skyrocketed. Emerging countries are replicating this model, offering low-cost services to a growing middle-class population. Emerging countries such as India and China are potential markets for loss-cost airlines. Demand for such airlines is also high in countries such as Mexico and South Africa. In Mexico, more than 60% of his passengers prefer to travel with low-cost airlines, while in South Africa the introduction of low-cost airlines has increased tourism.
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Challenge: Regulation to install 16G seats on all aircraft
In the next few years, according to European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) regulations, commercial aircraft with 9G seats will no longer be allowed to operate. The FAA has completed work on the requirement that aircraft have strong seats designed to increase the survival of passengers and flight attendants in the event of an accident. Seats must be able to withstand 16 times more gravity than the 9G standard in force since 1952, according to new requirements that apply to all aircraft built after October 2009 . Also the floor and track on which the seats are installed should be similar. It can withstand the same level of gravitational pressure.
Related reports:
Aircraft Cabin Interiors Market by Type (Aircraft Seats, Ifec, Aircraft Cabin Lighting, Aircraft Galleys, Aircraft Lavatories, Aircraft Windows and Windshields, Aircraft Interior Panels), End Users, Aircraft Types, Materials, Regions – Global to 2027 prediction
https://www.marketsandmarkets.com/Market-Reports/aircraft-cabin-interior-market-74760139.html
