Market Insights
"The global aircraft interior films market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 536.7 million in 2024."
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Major factors strengthening the demand for interior films in the aircraft industry are increasing production rates of the next-generation aircraft, increasing focus of airlines on the modernization of interiors of their existing aircraft fleet to provide a uniform feel, high focus of the aircraft industry stakeholders for the development of lightweight and smart cabin interior solutions, and rising aircraft fleet.
Segments' Analysis
Aircraft Trends
"Commercial aircraft segment accounted for the largest market share."
The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, and general aviation. Commercial aircraft is likely to remain the dominant segment of the market during the forecast period. Increasing production rates of key programs, such as the A320 family; market entry of new players, such as COMAC and Irkut; and introduction of fuel-efficient variants of the best-selling aircraft programs, such as B737 Max and A320neo, are likely to create a strong demand for interior films in the commercial aircraft segment.
Films Trends
"Decorative film segment accounted for the largest market share."
Based on the film type, the market is segmented as decorative films, film adhesives, and others. Decorative film is likely to remain the most dominant segment of the market over the next five years. Decorative films are designed with image-defining styling options while creating attractive, stain-resistant and easy to clean cabin interiors. These films also enhance cabin interiors and contribute to passenger comfort. They offer a rich variety of color tones and effects to the decoration of the airline cabin interiors while addressing emerging technologies and inflight connectivity in the aircraft.
Material Trends
"PVF segment accounted for the largest market share."
Based on the material type, the market is segmented as epoxy, PVF, polyimides, and others. PVF is likely to remain the most dominant segment over the next five years, propelled by its excellent mechanical properties. Also, these films are durable enough to be re-used for multiple times. Polyimide film is expected to grow at the highest rate during the same period, propelled by its versatility.
Regional Insights
"North America accounted for the largest market share."
In terms of regions, North America is projected to remain the largest market and it held a revenue share of more than 35% in 2018. The USA is the growth engine of the North American aircraft interior films market with the presence of several tier players, aircraft OEMs, and MRO companies. Asia-Pacific is likely to witness the highest growth during the forecast period and is likely to remain the most eye-catching market in the foreseeable future. China, Japan, and India are the major markets for aircraft interior films in the region.