Europe Commercial Aircraft Cabin Interior Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 1.08 Billion |
|
|
Market Size (2030) | USD 1.35 Billion |
|
Largest Share by Product Type | Passenger Seats |
|
|
CAGR (2024 - 2030) | 3.72 % |
|
Largest Share by Country | Germany |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Europe Commercial Aircraft Cabin Interior Market Analysis
The Europe Commercial Aircraft Cabin Interior Market size is estimated at 1.08 billion USD in 2024, and is expected to reach 1.35 billion USD by 2030, growing at a CAGR of 3.72% during the forecast period (2024-2030).
1.08 Billion
Market Size in 2024 (USD)
1.35 Billion
Market Size in 2030 (USD)
6.16 %
CAGR (2017-2023)
3.72 %
CAGR (2024-2030)
Largest Market by Product Type
36.29 %
value share, Passenger Seats, 2023
Commercial airlines are modernizing their seats to increase premium economy-class seating and redesigning aircraft cabins to accommodate wider spaces between first and business classes.
Fastest-Growing Market by Product Type
4.45 %
Projected CAGR, Cabin Lights, 2024-2030
A surge in replacing old aircraft, increased demand for new aircraft development programs, and a rise in the adoption of lightweight aircraft materials for fuel efficiency are driving the demand for cabin lights.
Largest Market by Aircraft Type
4.31 %
Projected CAGR, Narrowbody, 2024-2030
A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps reduce the operating costs of airlines, resulting in its rapid adoption. The increase in domestic air traffic worldwide is why the dominant share of narrowbody aircraft exists.
Largest Market by Country
15.72 %
value share, Germany, 2023
Germany is expected to register a major revenue share during 2024-2030 due to the increasing levels of air transportation and a rising number of commercial aircraft orders from major airlines.
Leading Market Player
24.68 %
market share, Safran, 2022
Safran dominates the European cabin interior market with its strong product portfolio in the cabin interior category, which includes seats and galleys.
European airlines are new technologies in the aircraft cabin interiors that are expected to aid in new product developments and innovations in the segment
- The European commercial aircraft cabin interior market has been segmented into seats, cabin lighting, in-flight entertainment systems, windows, galley, lavatories, and other product types. The airline companies in the region are emphasizing increasing the utility of these products while improving the overall passenger comfort and experience.
- An enhanced seating structure with more developed space than economy-class seats is becoming highly essential due to the rising preferences for business-class travelers. European airline operators and OEMs are increasing their efforts to reduce weight and develop a sustainable way to manage the airline industry, considering the zero-emission 2050 goal.
- Airlines are focusing on modernized cabins with advanced interior lighting to improve the passenger experience. The widespread adoption of LED ambient lighting technology on next-generation aircraft has enabled cabin modernization activities to maintain a consistent service quality on board. Airlines in the region are moving toward advanced LED lighting as it helps the airlines eliminate various drawbacks of existing interior cabin lights in terms of efficiency, reliability, durability, and weight. Various OEMs possess advanced LED lighting over conventional aircraft cabin lights.
- Major European carriers, such as Air Europa, Air France, British Airways, and Iberia Airlines, improved their in-flight entertainment systems in terms of screen quality and features. Around 2,500 passenger aircraft are expected to be delivered in the region during 2023-2030. The surge in aircraft procurement numbers is expected to boost the demand for commercial aircraft cabin interior products in the European passenger aviation sector during the forecast period.
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The proliferation of low-cost carriers and the need for enhanced passenger cabin experiences are expected to aid the market's growth
- Cabin interiors in aircraft have evolved into a prominent component of the overall passenger experience. European airline companies are now focusing on modernized cabins to improve the passenger experience.
- The increase in air passenger traffic is driving the demand for new aircraft procurements, further boosting the cabin interior market. For instance, in 2022, air passenger traffic in the whole of Europe amounted to 1.3 billion, a growth of 8% compared to 2021. Airline companies in Europe are implementing fleet expansion plans to cater to the growing air passenger traffic in the major countries. The United Kingdom, Germany, and Spain accounted for 36% of the total air passenger traffic in the region. Hence, the growing air passenger traffic is expected to generate demand for new aircraft in these countries compared to other European countries.
- The increasing air passenger traffic may eventually boost aircraft orders and deliveries. The major commercial aircraft manufacturing OEMs, i.e., Boeing and Airbus, are expected to deliver a large number of aircraft in the region over the forecast period. Over 2,800 new jets are expected to be delivered to the region. Of these, 2,500+ are expected to be narrowbody aircraft, primarily due to the preference for economical smaller aircraft, the success of LCCs, and the introduction of long-range narrowbody aircraft. The major airline companies in the region, such as Air France, British Airways, and Lufthansa, are focusing on improving the overall passenger experience in the aircraft, thus aiding the demand for commercial aircraft cabin interior products in the region.
Europe Commercial Aircraft Cabin Interior Market Trends
The growth in air passenger traffic is expected to be supported by the increasing demand for domestic and international air travel
- The gradual relaxation of travel restrictions in various European countries in 2022 made travel within the continent much easier than during the COVID-19 pandemic. Due to this trend, international demand soared, with passengers unable to travel during the lockdowns eager to fly abroad once again instead of taking domestic vacations. In 2022, air passenger traffic in the whole of Europe reached 1.3 billion, a growth of 8% compared to 2021. The United Kingdom, Germany, and Spain accounted for 36% of the total air passenger traffic in Europe and, hence, may generate more demand for new aircraft compared to other European countries over the coming years. European airlines have also been responsible for carrying almost 40% of global international air passengers.
- European airport traffic grew by 247% in the first six months of 2022 compared to 2021, resulting in an additional 660 million passengers handled across the continent. The United Kingdom, the Netherlands, Turkey, and Germany, which have some of the countries with the busiest airports, recorded a significant rise in passenger traffic in H1 2022. In August 2022, passenger traffic in the top five European airports increased by 68.1% but remained -17.5% below pre-pandemic August 2019 levels, mainly due to continued travel restrictions in Asia. A similar increase in air passenger traffic was observed at airports in the Rest of Europe in August 2022. Commercial air traffic declined from Ukrainian airports, and airports in Belarus and Russia recorded declining passenger volumes as well since the beginning of the Russia-Ukraine War. The air passenger traffic is expected to surge by 31% during 2023-2030, with increased demand in domestic and international aviation.
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The economic development initiatives implemented in the European Union are expected aid the GDP per capita income growth in the region
- The European region had the second-highest GDP, with USD 17 trillion, in 2022. Out of the total region’s GDP, the Netherlands recorded the highest growth rate, i.e., 19%. In contrast, other major countries such as France and Germany accounted for growth rates of 10% and 14%, respectively. Out of the total GDP, the air transport industry in the United Kingdom contributed around USD 87 billion annually, while France and Germany contributed around USD 86 billion and USD 68 billion, respectively.
- The GDP per capita income of the overall European Union was around USD 39,000 in 2023. The per capita GDP of the region's major economies, including the UK, France, and Germany, has returned to pre-pandemic levels. The GDP per capita income of the UK, Germany, and France surged by around 15%, 9%, and 7%, respectively, in 2022 as compared to 2019. The peak of the cohesion policy programs for the 2014-2020 period, in parallel to the start of the programs for the 2021- 2027 period, ensures a constant flow of investment into people and businesses across the region. Since the COVID-19 pandemic, more than EUR 186 billion has been paid out through cohesion policy programs to enhance resilience and social and regional growth.
- The penetration of air travel is correlated with the GDP per capita. Countries with higher GDP per capita tend to have higher numbers of airline seats per capita. Germany has the highest GDP per capita in the region at USD 51,100, which increased by 14% from 2017 to 2022. France’s GDP per capita increased by 12% from 2017 to 2022, while that of the United Kingdom increased by 22% within the same five-year time frame. Such growth instances across major economies and pan-Europe are anticipated to aid the European airline industry during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The main reasons for market growth are the expansion of the fleet and the increased demand for passenger air travel in Europe
- The major OEMs in the market, Boeing and Airbus, are expected to increase their deliveries during 2023-2030, leading to a balanced number of aircraft backlogs
- The surge in the number of passengers has aided the expenditure on aviation infrastructure, with the upgradation of existing airports and the construction of new airports expected in Europe
- The primary source of revenue for aircraft manufacturers is commercial aircraft orders placed with major airlines
- Factors such as recovery in air travel and substantial aircraft orders being placed by various airlines are driving the growth of the market
- Airlines are planning to reduce aircraft fuel consumption in order to reduce the overall aircraft weight
Europe Commercial Aircraft Cabin Interior Industry Overview
The Europe Commercial Aircraft Cabin Interior Market is moderately consolidated, with the top five companies occupying 57.99%. The major players in this market are Collins Aerospace, Diehl Aerospace GmbH, FACC AG, Recaro Group and Safran (sorted alphabetically).
Europe Commercial Aircraft Cabin Interior Market Leaders
Collins Aerospace
Diehl Aerospace GmbH
FACC AG
Recaro Group
Safran
Other important companies include Astronics Corporation, GKN Aerospace Service Limited, Jamco Corporation, Panasonic Avionics Corporation, SCHOTT Technical Glass Solutions GmbH, Thales Group, Thompson Aero Seating.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Commercial Aircraft Cabin Interior Market News
- July 2023: Jamco Corporation announced that through a collaboration with KLM Royal Dutch Airlines (KLM), its premium class seats, Venture reverse herringbone, were installed in the World Business Class (WBC) of KLM's B777 Fleet.
- June 2023: United will be the first US airline to offer Panasonic's Astrova system, giving customers exclusive features like 4K OLED screens, high fidelity audio, and programmable LED lighting, starting in 2025.
- June 2023: Air New Zealand unveiled its brand new cabin interiors featuring its latest Business Premier seats, designed and manufactured with Safran Seats. In co-creation with Safran Seats, the seat is specifically designed for 787 aircraft by maximizing the available space for this aircraft type.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, number of flights performed by global airline industry, fuel costs of airlines as a percentage of expenditure, fuel consumption of commercial airlines, average price of brent crude oil, inflation, commercial aircraft cabin seating volume share by region and commercial aircraft windows by region.
Europe Commercial Aircraft Cabin Interior Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Air Passenger Traffic
2.2. New Aircraft Deliveries
2.3. GDP Per Capita (current Price)
2.4. Revenue Of Aircraft Manufacturers
2.5. Aircraft Backlog
2.6. Gross Orders
2.7. Expenditure On Airport Construction Projects (ongoing)
2.8. Expenditure Of Airlines On Fuel
2.9. Regulatory Framework
2.10. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
3.1. Product Type
3.1.1. Cabin Lights
3.1.2. Cabin Windows
3.1.3. In-Flight Entertainment System
3.1.4. Passenger Seats
3.1.5. Other Product Types
3.2. Aircraft Type
3.2.1. Narrowbody
3.2.2. Widebody
3.3. Cabin Class
3.3.1. Business and First Class
3.3.2. Economy and Premium Economy Class
3.4. Country
3.4.1. France
3.4.2. Germany
3.4.3. Spain
3.4.4. Turkey
3.4.5. United Kingdom
3.4.6. Rest of Europe
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Astronics Corporation
4.4.2. Collins Aerospace
4.4.3. Diehl Aerospace GmbH
4.4.4. FACC AG
4.4.5. GKN Aerospace Service Limited
4.4.6. Jamco Corporation
4.4.7. Panasonic Avionics Corporation
4.4.8. Recaro Group
4.4.9. Safran
4.4.10. SCHOTT Technical Glass Solutions GmbH
4.4.11. Thales Group
4.4.12. Thompson Aero Seating
5. KEY STRATEGIC QUESTIONS FOR COMMERCIAL AIRCRAFT CABIN INTERIOR CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, BY COUNTRY, NUMBER OF PASSENGERS TRAVELLED, EUROPE, 2017 - 2030
- Figure 2:
- NEW AIRCRAFT DELIVERIES, NUMBER OF AIRCRAFTS DELIVERED, EUROPE, 2017 - 2030
- Figure 3:
- GDP PER CAPITA (CURRENT PRICE), BY COUNTRY, USD, EUROPE, 2017 - 2030
- Figure 4:
- REVENUE OF AIRCRAFT MANUFACTURERS, USD, EUROPE, 2017 - 2022
- Figure 5:
- AIRCRAFT BACKLOG BY MANUFACTURER, NUMBER OF AIRCRAFT, EUROPE, 2017 - 2023
- Figure 6:
- GROSS ORDERS, BY MANUFACTURER, NUMBER OF AIRCRAFT, EUROPE, 2017 - 2022
- Figure 7:
- EXPENDITURE ON AIRPORT CONSTRUCTION PROJECTS (ONGOING), % SHARE, REGION VS OTHERS ,2022
- Figure 8:
- EXPENDITURE OF AIRLINES ON FUEL, % SHARE, EUROPE, 2017 - 2022
- Figure 9:
- EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, VALUE, USD, 2017 - 2030
- Figure 10:
- VALUE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, USD, EUROPE, 2017 - 2030
- Figure 11:
- VALUE SHARE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, %, EUROPE, 2017 VS 2023 VS 2030
- Figure 12:
- VALUE OF CABIN LIGHTS MARKET, USD, EUROPE , 2017 - 2030
- Figure 13:
- VALUE SHARE OF CABIN LIGHTS BY AIRCRAFT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 14:
- VALUE OF CABIN WINDOWS MARKET, USD, EUROPE , 2017 - 2030
- Figure 15:
- VALUE SHARE OF CABIN WINDOWS BY AIRCRAFT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 16:
- VALUE OF IN-FLIGHT ENTERTAINMENT SYSTEM MARKET, USD, EUROPE , 2017 - 2030
- Figure 17:
- VALUE SHARE OF IN-FLIGHT ENTERTAINMENT SYSTEM BY AIRCRAFT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 18:
- VALUE OF PASSENGER SEATS MARKET, USD, EUROPE , 2017 - 2030
- Figure 19:
- VALUE SHARE OF PASSENGER SEATS BY AIRCRAFT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 20:
- VALUE OF OTHER PRODUCT TYPES MARKET, USD, EUROPE , 2017 - 2030
- Figure 21:
- VALUE SHARE OF OTHER PRODUCT TYPES BY AIRCRAFT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 22:
- VALUE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, USD, EUROPE, 2017 - 2030
- Figure 23:
- VALUE SHARE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, %, EUROPE, 2017 VS 2023 VS 2030
- Figure 24:
- VALUE OF NARROWBODY MARKET, USD, EUROPE , 2017 - 2030
- Figure 25:
- VALUE SHARE OF NARROWBODY BY CABIN CLASS, USD, EUROPE, 2023 VS 2030
- Figure 26:
- VALUE OF WIDEBODY MARKET, USD, EUROPE , 2017 - 2030
- Figure 27:
- VALUE SHARE OF WIDEBODY BY CABIN CLASS, USD, EUROPE, 2023 VS 2030
- Figure 28:
- VALUE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, USD, EUROPE, 2017 - 2030
- Figure 29:
- VALUE SHARE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, %, EUROPE, 2017 VS 2023 VS 2030
- Figure 30:
- VALUE OF BUSINESS AND FIRST CLASS MARKET, USD, EUROPE , 2017 - 2030
- Figure 31:
- VALUE SHARE OF BUSINESS AND FIRST CLASS BY PRODUCT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 32:
- VALUE OF ECONOMY AND PREMIUM ECONOMY CLASS MARKET, USD, EUROPE , 2017 - 2030
- Figure 33:
- VALUE SHARE OF ECONOMY AND PREMIUM ECONOMY CLASS BY PRODUCT TYPE, USD, EUROPE, 2023 VS 2030
- Figure 34:
- VALUE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, USD, EUROPE, 2017 - 2030
- Figure 35:
- VALUE SHARE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2030
- Figure 36:
- VALUE OF FRANCE MARKET, USD, FRANCE , 2017 - 2030
- Figure 37:
- VALUE SHARE OF FRANCE BY AIRCRAFT TYPE, USD, FRANCE, 2023 VS 2030
- Figure 38:
- VALUE OF GERMANY MARKET, USD, GERMANY , 2017 - 2030
- Figure 39:
- VALUE SHARE OF GERMANY BY AIRCRAFT TYPE, USD, GERMANY, 2023 VS 2030
- Figure 40:
- VALUE OF SPAIN MARKET, USD, SPAIN , 2017 - 2030
- Figure 41:
- VALUE SHARE OF SPAIN BY AIRCRAFT TYPE, USD, SPAIN, 2023 VS 2030
- Figure 42:
- VALUE OF TURKEY MARKET, USD, TURKEY , 2017 - 2030
- Figure 43:
- VALUE SHARE OF TURKEY BY AIRCRAFT TYPE, USD, TURKEY, 2023 VS 2030
- Figure 44:
- VALUE OF UNITED KINGDOM MARKET, USD, UNITED KINGDOM , 2017 - 2030
- Figure 45:
- VALUE SHARE OF UNITED KINGDOM BY AIRCRAFT TYPE, USD, UNITED KINGDOM, 2023 VS 2030
- Figure 46:
- VALUE OF REST OF EUROPE MARKET, USD, REST OF EUROPE , 2017 - 2030
- Figure 47:
- VALUE SHARE OF REST OF EUROPE BY AIRCRAFT TYPE, USD, REST OF EUROPE, 2023 VS 2030
- Figure 48:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, EUROPE, 2017 - 2022
- Figure 49:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, EUROPE, 2017 - 2022
- Figure 50:
- MARKET SHARE OF EUROPE COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET (%), EUROPE, 2022
Europe Commercial Aircraft Cabin Interior Industry Segmentation
Cabin Lights, Cabin Windows, In-Flight Entertainment System, Passenger Seats are covered as segments by Product Type. Narrowbody, Widebody are covered as segments by Aircraft Type. Business and First Class, Economy and Premium Economy Class are covered as segments by Cabin Class. France, Germany, Spain, Turkey, United Kingdom are covered as segments by Country.
- The European commercial aircraft cabin interior market has been segmented into seats, cabin lighting, in-flight entertainment systems, windows, galley, lavatories, and other product types. The airline companies in the region are emphasizing increasing the utility of these products while improving the overall passenger comfort and experience.
- An enhanced seating structure with more developed space than economy-class seats is becoming highly essential due to the rising preferences for business-class travelers. European airline operators and OEMs are increasing their efforts to reduce weight and develop a sustainable way to manage the airline industry, considering the zero-emission 2050 goal.
- Airlines are focusing on modernized cabins with advanced interior lighting to improve the passenger experience. The widespread adoption of LED ambient lighting technology on next-generation aircraft has enabled cabin modernization activities to maintain a consistent service quality on board. Airlines in the region are moving toward advanced LED lighting as it helps the airlines eliminate various drawbacks of existing interior cabin lights in terms of efficiency, reliability, durability, and weight. Various OEMs possess advanced LED lighting over conventional aircraft cabin lights.
- Major European carriers, such as Air Europa, Air France, British Airways, and Iberia Airlines, improved their in-flight entertainment systems in terms of screen quality and features. Around 2,500 passenger aircraft are expected to be delivered in the region during 2023-2030. The surge in aircraft procurement numbers is expected to boost the demand for commercial aircraft cabin interior products in the European passenger aviation sector during the forecast period.
| Product Type | |
| Cabin Lights | |
| Cabin Windows | |
| In-Flight Entertainment System | |
| Passenger Seats | |
| Other Product Types |
| Aircraft Type | |
| Narrowbody | |
| Widebody |
| Cabin Class | |
| Business and First Class | |
| Economy and Premium Economy Class |
| Country | |
| France | |
| Germany | |
| Spain | |
| Turkey | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- Product Type - Commercial Aircraft cabin interior products such as passenger seats, cabin lighting, inflight entertainment system, cabin windows, lavatories, galley, and stowage bins have been included under the product type in this study.
- Aircraft Type - All the passenger aircraft such as narrowbody and widebody which are single-aisle and twin-aisle are included in this study.
- Cabin Class - Business and First Class, economy and premium economy are classes of air travel provided by the airlines that offer various services to the passengers.
| Keyword | Definition |
|---|---|
| Gross domestic product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| High Dynamic Range (HDR) | Dynamic range describes the ratio between the brightest and darkest parts of an image. HDR is used to capture a greater dynamic range than SDR. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| European Aviation Safety Agency (EASA) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| 4K Display | 4K resolution refers to a horizontal display resolution of approximately 4,000 pixels. |
| Organic Light Emitting Diode (OLED) | It is the light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current. |
| Mean Time Between Failures (MTBF) | The mean time between failures is the predicted elapsed time between inherent failures of a mechanical or electronic system, during normal system operation. |
| (Low-Cost Carrier (LCCs) | It is an airline that is operated with an especially high emphasis on minimizing operating costs and without some of the traditional services and amenities provided in the fare |
| Electronically Dimmable Windows (EDW) | It is a type of window that blocks up to 99.96% of all visible light and provide full opacity, integrated into the window cassette of the sidewall panel. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step 1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step 2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step 3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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