• Blog
  • Global Aerospace Seating Market Report

    Global Aerospace Seating Market Report

    Global Aerospace Seating Market Report
    Report code - SRAD141 Published On : Aug,2022 No. of Pages: 130
    Get Free Sample |
    Aircraft Seat Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opport See more...

    Market Insights

     

    Aircraft seat is one of the key elements that airline passengers use to gauge their level of comfort. It is one of the key application areas that has undergone a profound change over the ages. Seat manufacturers have been making significant investments in R&D in order to develop innovative seats that meet the needs of both, current as well as future markets. The demand for innovations is further triggered by the implementation of strict laws on passenger safety. It should guarantee passengers' safety in the event of an emergency while also providing them with physical comfort and convenience. For instance, aircraft seats are required to withstand a dynamic 16g force. In the 16g test, two distinct dynamic tests are conducted, which ultimately stimulate the loads that could be expected in an impact-survivable accident. This helps to survive passengers in the event of a fatal accident. The selection of materials for seating applications largely depends upon such regulations. Composite parts excel in most of the parameters with the advantage of being lightweight.

    The COVID-19 outbreak in 2020, resulted in supply chain disruption, lockdowns, and order cancellation, which shook the aircraft seat market to the core, with a colossal decline of -44% YoY in 2020. Even in 2021, due to the financial crisis, airlines that planned to upgrade their seats have either postponed or canceled their plans. Along with it, a temporary halt in deliveries of the B787 aircraft program led by a technical snag, further deviated the growth of the aircraft seat market, resulting in an overall decline of >-20% YoY in 2021. However, the long-term market outlook seems positive with the surge in the demand for new aircraft in developing nations supported by an expected recovery in air passenger traffic, upcoming new aircraft programs (B777x, C919, MC-21, A321XLR), and the increasing trend towards relocating manufacturing facilities to cost-competitive countries. The market for aircraft seats is expected to grow at a healthy CAGR of 15.2% during the forecast period, to reach a value of US$ 5.5 Billion in 2027.

    The market for aircraft seats is expected to grow because of factors, such as rising demand for maintenance and retrofitting of existing aircraft, integration of IFEC systems, and organic growth of the aircraft industry. The transition from first-class to business-class seats, improvements in aircraft interiors that encourage airlines to upgrade the interiors of their existing fleet, and an increase in airlines' desire for premium economy-class seats, as well as improvements in seat structure and composition, are all factors contributing to the growth of the market.

    Segments' Analysis

     

    Based on the aircraft type, the market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Narrow-body aircraft is expected to remain the largest segment of the market in the foreseen future, due to various factors, such as upcoming new aircraft programs, increasing acceptance of low-cost carriers, resumption of B737Max coupled with its increase in production rates along with the A320 series aircraft. The next-generation aircraft provides a 20% increase in its fuel efficiency, making narrow-body aircraft practical for long-distance travel.

    Based on the seat class type, the market is segmented into first-class seats, business-class seats, premium economy-class seats, and economy-class seats. The economy-class seat type is anticipated to maintain its dominance, in terms of units, during the forecast period, driven by the high volume of passengers traveling in economy class and the expansion of LCCs (Low-cost Carriers), globally. Due to the widespread use of modern seats with advanced features and attached in-flight entertainment systems, business and premium economy-class seats are estimated to expand at healthy rates during the forecast period. In the light of the increasing demand for premium economy-class seats, airline operators are requesting the installation of more of these seats than economy-class seats.

    Based on the component type, the market is segmented as soft goods, metals, composites, and electric. Among these component types, the metal component type is expected to dominate the market for aircraft seats over the forecast period. Numerous small and mid-sized parts go into creating an aircraft seat. Depending on the aircraft and the type of seat class, the proportion of metal to electrical components varies, the first-class seat has several electrical components to give the passenger optimal comfort and a greater range of functions, but an economy-class seat may have a few or no electrical components.

    Based on the end-user type, the market is segmented as OE and aftermarket. OE is likely to dominate the market during the forecast period. High demand for newer aircraft from developing nations, enormous aircraft backlogs, new aircraft programs, and rapid recovery in air passenger traffic are the factors supporting the high demand for seats at the OE level.

    Among regions, North America is expected to remain the largest region in the market for aircraft seats during the forecast period. All of Boeing's commercial and regional aircraft programs are assembled in this region.  Asia-Pacific is expected to experience the fastest growth during the same period, propelled by the upcoming COMAC C919 aircraft program. China is likely to grow at the highest pace in the years to come. 

     

    Key Players

     

    Numerous mergers and acquisitions are taking place in the aircraft interiors market. The acquisition of Zodiac Aerospace by Safran S.A; the acquisition of BE Aerospace by Collins Aerospace; and acquisitions of FACC AG, Thompson Aero Seating, Jiatai, Fesher, and ACS UK by AVIC Cabin Systems are a few examples. The following are some of the key players in the aircraft seat market:  

    • Collins Aerospace
    • Safran S.A.
    • Recaro Aircraft Seat GmbH & Co. KG
    • Haeco Cabin Solutions
    • Airbus Atlantic

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft seat market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

     

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft seat market is segmented into the following categories:

    Aircraft Seat Market, by Aircraft Type

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Business Jet (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Seat Market, by Seat Class Type

    • First-Class Seats (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Business-Class Seats (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Premium Economy-Class Seats (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Economy-Class Seats (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Seat Market, by Component Type

    • Soft Goods (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Metals (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Electric (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Seat Market, by Sales Channel Type

    • BFE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • SFE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Seat Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Seat Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

     

    Frequently Asked Questions (FAQs)

    The aircraft seat market is estimated to grow at a healthy CAGR of 15.2% over the next five years to reach a value of US$ 5.5 Billion in 2027. An expected recovery in air travel, growing aircraft fleet size, upcoming aircraft programs, and modifications in existing aircraft (interiors) are the major factors expected to drive the growth of the market over the next five years.

    Acro Aircraft Seating Ltd., Adient Aerospace LLC, Airbus Atlantic, AVIC Cabin Systems, Aviointeriors S.p.A., Collins Aerospace, Expliseat SAS, Geven S.p.A., Haeco, Jamco Corporation, Mirus Aircraft Seating Ltd, Recaro Aircraft Seat GmbH & Co. KG, Safran S.A., Zim Flugsitz GmbH (arranged alphabetically) are among the key players of the aircraft seat market.

    North America is estimated to remain dominant in the aircraft seat market in the coming years, mainly driven by the presence of a large number of industry stakeholders in the region. All the leading seat manufacturers have a presence in the region.

    Narrow-body aircraft is expected to remain the largest segment in the aircraft seat market in the coming five years.

    Asia-Pacific is estimated to witness the fastest growth in the aircraft seat market in the coming years. The regions growth is likely to be fuelled by the growing demand for new aircraft from developing countries such as China and India.

    The economy-class seat type is expected to be the largest seat type in the aircraft seat market in the coming years.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities


       

    ×