The global aircraft cabin interior composites market is projected to grow at a healthy rate over the next five years to reach US$ 1,891.1 million in 2023. Organic growth of the aircraft industry is the primary driver of the sustainable demand for composites in aircraft cabin interiors. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for composite parts for cabin interiors globally in the foreseeable future.
In addition to that, Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both the airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft.
Secondly, composites have an excellent track record in the aircraft industry as the material offers numerous advantages over its rivals including high strength-to-weight ratio, excellent corrosion resistance, excellent fatigue strength, and excellent durability at lightweight. The material is a suitable claimant addressing many challenges of the industry including lightweight systems. The materials are increasingly penetrating not only airframe parts, such as fuselage, in the next-generation aircraft but also in aircraft interiors including galleys, HVAC ducts, and overhead stowage bins.
Cabin upgrade is another factor creating a significant opportunity for composites. In general, first- and business-class cabins are frequently refurbished than the economy cabins. Also, airline profitability is having a major impact on discretionary spending for upgrades. Lower crude oil prices allowed airlines to make more profit, thus, spending more on cabin upgrades, such as larger overhead bins and compact lavatories.
Safety is another factor that is again boosting the demand for composite parts in aircraft cabin interiors. For instance; aircraft seats are required to withstand a dynamic 16g force. In the 16g test, two distinct dynamic tests are conducted, which ultimately stimulates the loads that could be expected in an impact-survivable accident. The helps to survive passengers in the case of a fatal accident. The selection of materials for seating application largely depends upon such regulations. Composite parts excel in most of the parameters with the advantages of being light in weight.