The global commercial aircraft cabin interior market was valued at USD 16.84 billion in 2016 and is estimated to register a CAGR of 11.52% from 2016 to 2022 (forecast period). Factors driving the market’s growth include a worldwide emphasis on traveler comfort and an increase in air passengers. Demand would depend on passenger travel to a large extent; increment in traveler numbers would further increase the demand for commercial aircraft and cabin seats. Innovations in the form of modular cabins and windows doubling up as a touchscreen, to project information about the flight, are also coming up. 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 the commercial jet business. Asia-Pacific, led by India and China, is expected to be a fast-growing region in the cabin interior segment, until 2022.
Global Commercial Aircraft Cabin Interior Market Revenue, By Class, 2016, (In USD billion)
Increased investments in cabin interior products, such as IFEC, lighting, seating and others, will drive the market. 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 due to supply crunch. Airbus generated a backlog of 6,787 aircraft, which represent almost 10 years’ worth of production. Even Boeing, which has fallen behind Airbus in recent times, regarding orders bagged, has accumulated a backlog of more than 4,000 planes, of which 75% are the upcoming 737 MAX airplanes. This factor will limit the growth of the cabin interior market, as the number of new airplanes coming into the market, every year, will be limited and the rate of growth represents a slow incline until 2022. Low-cost carriers, which presently control 1/4th of the total airline market, will grow rapidly at the expense of full-service carriers and is expected to hold close to 1/3rd market share, by 2022. Thus, the seats for the economy class segment will register high sales and growth during the forecast period. Complexity in retrofitting the aircraft interiors will also act as a restraint for this market.
Global Commercial Aircraft Cabin Interior Market Revenue, By Region, 2016 (In USD billion)
The commercial aircraft cabin interior market has been segmented, by the following: