USD 25.4 billion
Report ID:
SQMIG20A2216 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Aircraft Seating Market size was valued at USD 25.4 billion in 2021 and is poised to grow from USD 27.23 billion in 2022 to USD 47.49 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).
The global aircraft seating market has witnessed significant growth in air travel demand, fleet expansion, and advancements in seating technology. Aircraft seating plays a crucial role in ensuring passenger comfort and satisfaction, making it a key focus area for airlines and aircraft manufacturers alike. As a result, the market has become highly competitive, with companies vying to provide innovative and efficient seating solutions. One of the primary drivers of the aircraft seating market is the continuous growth of the aviation industry. With rising disposable incomes, changing lifestyles, and an expanding middle class in emerging economies, the number of air travelers has soared. This surge in demand has led airlines to invest in new aircraft and retrofit older ones, creating a substantial market for advanced seating options that cater to various classes and preferences. Comfortable and aesthetically pleasing seating has become a critical aspect of this experience. As a result, there is a growing demand for ergonomically designed seats that offer enhanced features such as increased legroom, adjustable headrests, personal entertainment systems, and improved amenities. Airlines are willing to invest in premium seating to attract and retain high-paying passengers, which further boosts the market growth. The shift towards lightweight materials and sustainable practices in aviation has also impacted the aircraft seating market. Manufacturers are exploring innovative materials like composite structures and lightweight metals to reduce overall aircraft weight, leading to fuel savings and reduced carbon emissions. Moreover, eco-friendly and recyclable seating materials are gaining traction among environmentally conscious airlines, driving the adoption of greener seating solutions. The market is also witnessing a trend towards modular and customizable seating configurations. Airlines are seeking seating solutions that offer flexibility to accommodate different cabin layouts and passenger demands. Customization options not only allow airlines to create a distinct brand identity but also enable them to optimize cabin space for improved revenue generation.
US Aircraft Seating Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 25.4 billion
Largest Segment
Economy Class Seats
Growth Rate
7.2% CAGR
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The Global Aircraft Seating Market is segmented by type, end - user, and region. Based on type, the market can be segmented into Economy Class Seats, Premium Economy Class Seats, Business Class Seats, First Class Seats, Suite Class Seats and Other Specialty Seats. Based on End - user, the market is segmented into Commercial Airlines, Private/Corporate Jets, Military Aircraft and Helicopters. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aircraft Seating Market Analysis by Type
The Economy Class Seats are the most dominant type in the global aircraft seating market. Economy class seats are the most commonly installed seats in commercial airlines, catering to a large number of passengers on each flight. These seats are designed to provide a cost-effective seating option for travelers, making air travel more accessible to a wider demographic.
The Premium Economy Class Seats are the fastest-growing segment in the global aircraft seating market. Premium economy seats offer an intermediate option between economy and business class, providing passengers with enhanced comfort, additional legroom, and various amenities compared to traditional economy seats. This seating class appeals to a growing number of travelers who seek a more comfortable experience without the premium price tag of business or first-class seats.
Aircraft Seating Market Analysis by End - user
Among the different end - users in the global aircraft seating market, Commercial Airlines emerge as the most dominant segment. Commercial airlines account for a significant portion of the overall demand for aircraft seating due to the large number of passengers traveling on commercial flights worldwide. As air travel continues to grow and airlines expand their fleets, the demand for new and upgraded seating configurations remains steady, solidifying the dominance of the commercial airline segment in the market.
On the other hand, the Fastest Growing end - user industry segment in the aircraft seating market is Private/Corporate Jets. The demand for private and corporate jets has been increasing steadily, driven by factors such as business travel needs, executive mobility, and luxury travel experiences. As more high-net-worth individuals and corporations invest in private jets, there is a growing need for comfortable, customized, and technologically advanced seating solutions in this segment. The growing popularity of private air travel contributes to the rapid growth of the aircraft seating market for private/corporate jets.
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Among the various regions in the global aircraft seating market, the most dominant region is North America. North America has long been a major hub for the aviation industry, with a large number of airlines operating in the region and a substantial fleet of commercial aircraft. The demand for aircraft seating in North America is driven by factors such as increasing air travel, the presence of major aircraft manufacturers and airlines, and a focus on passenger comfort and amenities.
On the other hand, the Fastest Growing region in the global aircraft seating market is Asia-Pacific. The Asia-Pacific region has witnessed a remarkable surge in air travel demand over the past decade, fueled by the region's economic growth, rising middle-class population, and increased connectivity. As a result, airlines in the Asia-Pacific region are expanding their fleets and upgrading their cabins, leading to a significant demand for new and innovative aircraft seating solutions.
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Aircraft Seating Market Drivers
Focus on Passenger Comfort
Aircraft Seating Market Restraints
High Development Costs
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Technological advancements play a significant role in shaping the competitive landscape. Manufacturers are investing in research and development to integrate smart features into seats, including adjustable headrests, embedded screens, USB charging ports, and even Wi-Fi connectivity. These cutting-edge amenities not only enhance passenger experience but also differentiate seating products in the market.
Aircraft Seating Market Top Player’s Company Profiles
Aircraft Seating Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the analysis of the global aircraft seating market, the increasing demand for advanced and innovative seating solutions in the aviation industry is a key driver for market growth. Aircraft seating plays a crucial role in providing comfort and convenience to passengers during flights. Airlines are increasingly investing in modern and ergonomic seating designs to enhance passenger experience and differentiate their services. The market is also influenced by regulatory requirements and safety standards in the aviation industry. Aircraft seating systems need to comply with stringent safety regulations to ensure passenger protection during emergencies. In terms of regional analysis, North America holds a significant market share in the aircraft seating market due to the presence of major aircraft manufacturers and airlines. The region's focus on providing premium passenger experience and the growing demand for air travel support the market growth. Europe is also a prominent region, driven by increasing air travel, technological advancements in seating designs, and the rise of budget airlines. Furthermore, the Asia Pacific region is witnessing rapid growth in the aircraft seating market, supported by the increasing number of passengers, expanding airline fleets, and the emergence of low-cost carriers. The demand for new aircraft deliveries and the continuous modernization of existing fleets are driving the need for innovative seating solutions in this region.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 25.4 billion |
Market size value in 2031 | USD 47.49 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Aircraft Seating Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Seating Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aircraft Seating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aircraft Seating Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Product ID: SQMIG20A2216