The aircraft cabin interior is expected to grow by 3.5% YoY in 2016, and surpass US $ 14.5 Bn in terms of a new report by Future Market Insights (FMI).
The seats segment is the largest. The seats segment is the largest in the world in terms of value, and 28.3% share of the overall market. Increasing emphasis on comfort, especially in long-haul flights and introduction of premium economy seats is filling the growth of this segment.
Growing trend of aircraft leasing and frequent refurbishment of aircraft has had a positive impact of the aftermarket sales of aircraft cabin interior. The aftermarket sales segment is expected to account for the market share in 2016. In contrast, growth of the OEM segment is projected to be marginal over the forecast period.
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Geographic concentration of different types of aircraft can be witnessed in the aircraft deliveries such as narrow body aircrafts, which are in high demand in the emerging regions, Latin America and Asia Pacific excl. Japan (APEJ). Wide body aircrafts are the popular choice of airline carriers of Western Europe and North America. The airline carriers in the Middle East and Africa region have a great deal of satisfaction. Large body aircrafts are ordered in large numbers in this region.
Diehl Stiftung & Co. KG, Zodiac Aerospace SA and B / E Aerospace, Inc. with a combined market share of over 70% are the three prominent market players offering the widest product offerings for the aircraft cabinets airline operators. The major focus of these products is to improve the performance of their products of passengers and provide structural support to the aircraft.
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Long-term Outlook : The global aircraft cabin interior market is expected to expand at a CAGR of 3.2% in terms of value over the forecast period. Product innovation and development is the key strategy sustaining the market on a long-term basis.