Commercial Aircraft In-seat Power System Market Size

Commercial Aircraft In-seat Power System Market Analysis

The Commercial Aircraft In-seat Power System Market size is estimated at USD 149.04 million in 2024, and is expected to reach USD 174.96 million by 2029, growing at a CAGR of 3.26% during the forecast period (2024-2029).

• The aviation industry witnessed unprecedented challenges due to the COVID-19 pandemic. Several airlines across the world faced impending losses and liquidity crises, resulting in the cancellation or postponement of aircraft deliveries and cabin retrofit programs. Furthermore, the pandemic also impacted manufacturing facilities across the aerospace supply chain.
• Major aircraft original equipment manufacturer (OEMs) have reduced their production rate to adjust to the demand for new aircraft. A reduction in production rate will hamper most of the tier-1 and tier-2 players, like the in-seat power system manufacturers, thereby challenging their growth.
• The substantial rise in passenger traffic and the imposition of new emission regulations have led to a significant increase in the demand for new-generation aircraft purchases. This is expected to simultaneously have a positive effect on the commercial aircraft in-seat power system market, as most of the airlines are offering this feature on their new fleet to enhance their passenger experience during flight. The growing personal gadget usage and the increasing demand for bring your own device (BYOD) concept in the past few years is driving the need to support the passengers (to charge their personal electronic devices) with in-seat power systems.