Charting Growth: Aircraft Seating Market's USD Value 7.62 billion in 2023, Outlook by 2030, Backed by a CAGR of 7.14% - MarkNtel Advisors

 

In-Depth Analysis of the Global Aircraft Seating Market: 2024-2030 Forecasts

According to the latest findings by MarkNtel Advisors, The Global Aircraft Seating Market size was valued at USD 7.62 billion in 2023 and is estimated to grow at a CAGR of around 7.14% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Aircraft Seating Market, the report offers insights into recent developments and presents an overview of the market landscape.

Aircraft Seating Market Segmentation Analysis:

Our research report meticulously explores the Aircraft Seating Market, breaking it down into these key segments: By Class (First Class, (First Class Seat Components, (Structures, Foams, Actuators, Electrical Fittings), First Class Seat Materials, (Cushion Filling Materials, Structure Materials, Upholsteries & Seat Covers_, Business Class, Business Class Seat Components, (Structures, Foams, Actuators, Electrical Fittings), Business Class Seat Materials, (Cushion Filling Materials, Structure Materials, Upholsteries & Seat Covers), Premium Economy Class, (Premium Economy Class Seat Components, (Structures, Foams, Actuators, Electrical Fittings), Premium Economy Class Seat Materials, (Cushion Filling Materials, Structure Materials, Upholsteries & Seat Covers), Economy Class, (Economy Class Seat Components, (Structures, Foams, Actuators, Electrical Fittings), Economy Class Seat Materials, (Cushion Filling Materials, Structure Materials, Upholsteries & Seat Covers)), By Aircraft Type (Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Very Large Aircraft (VLA), Business Jets, Regional Transport Aircraft (RTA)), By End User (OEM, Maintenance, Repair, and Overhaul (MRO), Aftermarket), By Seat Type (9G, 16G, 21G), and Others. Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.

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Geographical Coverage:

Our research report on the Aircraft Seating Market offers comprehensive coverage across different regions, including North America, South America, Europe, The Middle East & Africa, Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.

Global Aircraft Seating Market Driver:

Increasing Aircraft Production to Support Market Growth – The majority of the airlines have aged aircraft due to the longer aircraft delivery period and lack of substantial funds. Based on the research it is found that the average of the popular airline, like Allegiant Air and Delta Air Lines, is 19.8 years and 17 years respectively. These aging aircraft are less fuel efficient and require frequent maintenance to ensure smooth functioning. Therefore, these airlines are increasingly purchasing new commercial planes. For instance, in 2024, Indigo, a leading aviation company, announced to add approximately 500 new planes during 2024-2030. Thus, to cater to the growing demand arising from the flight operating companies, the aircraft manufacturers are ramping up the production of the airplanes. Consequently, this surge in manufacturing is leading to an increase in the need for the seat and other essential components, driving the Global Aircraft Seating Market.

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Competitive Landscape of Aircraft Seating Market

The Aircraft Seating market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a global reach exert significant influence over the Aircraft Seating market, and it is anticipated that several international players will expand their global presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:

·         Zodiac Aerospace (Safran)

·         Collins Aerospace

·         Geven

·         RECARO Aircraft Seating

·         Jamco

·         HAECO

·         Lufthansa Technik

·         Stelia Aerospace

·         Zim Flugsitz

·         Acro Aircraft Seating

·         Others

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Common Queries:

1.       What is the current trajectory of cost and profit estimations in the Aircraft Seating Industry?

2.       How do factors like supply and consumption shape the landscape of the industry?

3.       In what ways do import and export considerations impact the dynamics of the Aircraft Seating Industry?

4.       Which technological advancements are anticipated to shape the future of the Aircraft Seating Market?

5.       Who are the noteworthy players highlighted in the Aircraft Seating Market research report?

6.       What are the anticipated USD valuations and the CAGR for the forecasted years?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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