Aircraft Seat Market is Forecasted to Reach US$ 6.8 Billion in 2034, Says Stratview Research

The global aircraft seat market is projected to witness a growth rate of 4.1% annually from 2024 to 2034, with an anticipated size of US$ 6.8 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft seat market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Aircraft Seat Market:

The report dives deep into the segmentation of the aircraft seat market based on critical parameters:

Based on Aircraft Type - The market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Narrow-body aircraft are expected to remain dominant and wide-body to be the fastest-growing aircraft type of the market during the forecast period. The demand for aircraft seats in narrow-body aircraft is expected to remain the largest in the foreseeable future, driven by factors such as new narrow-body aircraft programs, anticipated increases in production rates of key models, and a recovering aftermarket. Over the past decade, newer generation narrow-body aircraft have seen significant demand, driven by growing air passenger traffic and the increasing popularity of the low-cost carrier business model. According to the International Air Transport Association (IATA), each new generation of aircraft offers a 20% improvement in fuel efficiency.

Based on the Seat-Class Type - The market is bifurcated into first-class, business-class, premium-economy-class, and economy-class. Business class seats are projected to remain dominant in the aircraft seats market, while premium economy seats are anticipated to experience the fastest growth in the years ahead. Business class seats cater to corporate travelers, affluent individuals, and passengers seeking enhanced comfort. These groups are willing to pay a premium for added amenities. Airlines are increasingly investing in upgrading their business class offers to differentiate themselves in a competitive market, fueling demand for these seats. Premium economy bridges the gap between economy and business class, offering more comfort at a slightly higher price. This makes it appealing to middle-income travelers seeking better experiences without the steep cost of business class.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The market is segmented as North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to remain the dominant region in the market, holding a share of more than 40%. Leading aircraft seat manufacturers have a strong presence in North America, both in terms of manufacturing and sales, to capitalize on market growth. Asia-Pacific is expected to experience the highest growth in the aircraft seats market during the forecast period. Growth in the region is driven by indigenous commercial and regional aircraft programs, such as the COMAC C919. China, Japan, and India are the major markets in Asia-Pacific and will continue to drive growth in the region in the coming years.

Aircraft Seat Market Drivers:

Some of the key drivers listed in the report are given below.

• One of the key elements that airline passengers use to gauge their level of comfort is the seat. Aircraft seats are one of the application areas that have undergone a profound change over the ages. Seat manufacturers have been making significant R&D investments to create seats that satisfy both the needs of the current as well as future markets.
• The demand for innovations is further fuelled by the implementation of strict laws on passenger safety. It should guarantee the passengers' safety in case of an emergency in addition to providing them with physical comfort and convenience.
• Regulatory bodies like the FAA (Federal Aviation Administration) and EASA (European Union Aviation Safety Agency) are tightening regulations on passenger seat safety. New standards, including seat strength and space optimization, are expected to shape the future of seat design. These regulatory changes are expected to influence the materials and manufacturing processes used by seat manufacturers, as well as the design of seats to ensure passenger safety in the event of turbulence or an emergency.

Top Companies in the Aircraft Seat Market:

The global market for Aircraft Seat is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

-          Collins Aerospace

-          Safran S.A.

-          Recaro Aircraft Seating GmbH & Co. KG

-          Airbus Atlantic (STELIA Aerospace)

-          AVIC Cabin Systems Limited

-          Haeco Cabin Solutions

-          Adient Aerospace LLC

-          Geven S.p.A.

-          Acro Aircraft Seating Ltd.

-          Aviointeriors S.p.A.

-          Expliseat SAS

-          Jamco Corporation

-          Mirus Aircraft Seating Ltd

-          Zim Flugsitz GmbH

Note: The above list does not necessarily include all the top players in the market.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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