Cabin is the most essential component of the commercial aircraft, because it is where the passengers travel during the flight. Considering the kind of altitude these planes travel in, the cabins of the aircrafts need special and controlled temperature. In order to achieve the desired atmosphere, the aircraft cabins are pressurized at a pressure, which is higher than the surrounding pressure at high altitudes. Growth in the overall aviation industry is contributing to the steady growth in various supporting industries including the aircraft cabin interior market. The global industry is also gaining momentum with the swift recovery from the economic downtime, not so long ago. All these factors are also supporting the technological innovation, which is inviting more business towards this industry.
Scope of Research
The economic downfall that the global aviation industry witnessed in 2008 has already become a past for the industry. Growth in the amount of air travel and rise in different airline companies are creating positive atmosphere in terms of revenue channels and global presence of this industry. In order to understand this reach of the industry, researchers segment the global aircraft cabin interior market into different segments, based on the types of the aircrafts, various products, their fits, and demand recorded across different geographic regions. Following are the details of the sub-segmentation in the industry:
- Products: Seats, lights, galley, windows, lavatory and IFEC
- Fits: Retrofit and linefit
- Aircrafts: Wide body, narrow body, very large aircrafts and business general sections
- Geography: Middle East, North America, Latin America, Europe, Africa and the rest of the world
The global aircraft cabin interior market is driven by the rising demand for the industry products like the seats, windows and lights. Growth in the luxury and comfort travels has created strong growth for the overall aviation industry, which is also reflecting on the growth of this industry. Increase in the production of planes, changing customer demands, changes in the interior designs based on the changing customer demands and strong commercialization of the aviation sector are some of the crucial factors driving growth of this industry. Popularity of air travel across emerging markets like Asia Pacific, Latin America, Middle East and Africa are also expected to drive growth for this industry.
According to the latest industry reports, the global aircraft cabin interior market is expected to grow at a CAGR of around 6%, which will take the industry to reach $17,194.9 million by 2019. At present, in the year 2014, the industry is poised at $12,852.96 million in 2014. According to the forecasting reports, the developed countries will drive the industry. However, growing economies like the BRICS countries, including Brazil, Russia, India, China and South Africa, along with their fellow members are estimated to record great growth in terms of the number of orders in the industry.