Market Size of Cabin Interior Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cabin Interior Composites Market Analysis
The Cabin Interior Composites Market is poised to grow at a CAGR of over 6% during the forecast period.
The COVID-19 pandemic has resulted in a decline in air passenger traffic, which has forced several airlines to cancel aircraft orders or postpone delivery since 2020. The passenger traffic is not anticipated to return to the pre-COVID level by 2024. Nevertheless, with the recovery in passenger traffic in 2021 as compared to that of 2020, some airlines have started ordering and taking deliveries of new aircraft, which is expected to support the growth of the cabin interior composites market.
The use of composites and other advanced materials in cabin designing has led to radical changes in aircraft designs. Their inherently high strength-to-weight ratio has resulted in significant weight savings, thereby, enhancing the fuel efficiency of the aircraft.
The overall market growth is an outcome of the organic growth of the aviation industry, as large numbers of aircraft deliveries scheduled during the forecast period will promote the use of composites for designing the aircraft cabin and drive the integrated efforts of both aircraft OEMs and aftermarket cabin integrators.
Emerging technologies, such as automated fiber placement (AFP) techniques, are enhancing the scope of integrating advanced materials into sophisticated cabin interior designs, while also reducing the aircraft's turnaround time (TAT).
