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Aircraft Seating Market Fueled by Rise in Air Travel and Growing Demand for Fuel Efficiency

Aircraft seats are one of the major components of the interiors of any aircraft, thereby making for a very dynamic market. Aircraft interiors have seen a number of developments over the years in order to reduce the overall weight of the seat so that the aircraft consumes less fuel, thus improving the fuel efficiency as well. With the new entrants in the market and rising demand from emerging economies, the global aircraft seating market is likely to see good growth ahead.

Drivers and Restraints

The global aircraft seating market is primarily driven by the following factors:

  • Rise in air travel due to growth in emerging markets
  • Increased number of orders for aircrafts
  • Growing number of low-cost carriers
  • Development of more aircraft models
  • Growing demand for lightweight aircraft seats
  • Rising need for fuel efficiency

Moreover, expansion in emerging economies and rapid growth in retrofit market is expected to offer ample growth opportunities in the coming years. Furthermore, the companies involved in this market are looking to adopt strategies like new product launches, partnerships, collaborations, and acquisitions among others, so as to maintain their hold on the market.

However, economic slowdown and developments of alternative modes of travel like high-speed rail system coupled with carrying fuel prices are likely to act as obstacles in the growth of this market.

Market Forecasts

Growing at a CAGR of 14.65% between 2015 and 2020, the global aircraft seating market is projected to reach USD 14.82 Billion by the end of 2020. Among regions, North America held the largest share of the market in 2015, followed by RoW. However, RoW is expected to grow at the highest CAGR 16.18% over the forecast period, owing to the rise in air travel, especially in the emerging economies like India and China.

Based on seat type, the business class seat segment took up the largest share of about 55% of the market, followed by economy class seat segment, accounting for 29% of the market share, in terms of value.

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Scope of the Research

The global aircraft seating market is analyzed and forecasted by breaking it down into the following segments and sub-segments:

  • Seat Type: Suite Class, First Class, Business Class, Premium Economy Class, Economy Class
  • Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft
  • Fit Type: Line-Fit, Retrofit
  • Component: Seat Actuators, Foams & Fittings, Other Components
  • Region: North America, Europe, RoW

B/E Aerospace, Inc. (U.S.), Zodiac Aerospace S.A. (France), Recaro Aircraft Seating GmbH & Co. KG (Germany), Geven S.p.A (Italy), Acro Aircraft Seating Ltd. (U.K.), Aviointeriors S.p.A. (Italy), Sogerma S.A. (France), Thompson Aero Seating Ltd. (U.K.), HAECO Americas (U.S.), ZIM Flugsitz GmbH (Germany), and Aviationscouts GmbH (Germany) are some of the key market players competing in the market for aircraft seating.

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