The global commercial aircraft cabin interior market stands at USD 16.84 billion in 2016, and is estimated to grow at a CAGR of 11.52% from 2016 to 2021. Factors driving the growth of the market include worldwide emphasis on traveler comfort and an increase in air passengers. Demand would depend to a great extent on passenger travel; increments in traveler numbers would further increase the demand for commercial aircraft and cabin seats.
Major challenges would be poor quality of equipment, aircraft emissions, and an increases in fuel prices. The global jet market is undergoing a period of high demand, but the sales of commercial jets, which represent the biggest chunk of the market, are limited by the supply crunch. This would limit the growth of cabin interior market, as there are a limited number of new airplanes coming into the market every year.
The market has been segmented by
Inflight entertainment systems are expected to see the highest growth rate, as the highly competitive airline industry would require existing aircraft to be retrofitted with improved passenger facilities. North America controls a majority of business of the commercial jet market. However, Asia-Pacific, led by India and China, would be the fastest-growing region in the cabin interior segment, until 2021.
Thales, C&D Zodiac, BE Aerospace and Panasonic are some of the important players in the aircraft cabin interior market.
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