(PRWEB) June 13, 2014
According to a new market research report "Commercial Aircraft Cabin Interior Market by Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft , Business General Aviation) , Product ( Seat, Light, IFEC, Windows & Windshield, Galley & Monument , Lavatory), Fit (Linefit, Retrofit) & Geography ( North America, Asia-Pacific, Europe, The Middle East, Latin America, Africa, Row) - Forecast & Analysis to 2014 - 2019", the total global Market is expected to reach $17,194.9 Million in 2019.
Browse 70 Market Data Tables and 25 Figures spread through 180 Pages and in-depth TOC on "Commercial Aircraft Cabin Interior Market".
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According to MarketsandMarkets, North America holds the largest share in the Commercial Aircraft Cabin Interior Market. Asia-Pacific, the Middle East and Latin America are expected to be the fastest growing regions in the Market, mainly, due to the increasing number of aircrafts orders and increasing air travel in this region.
According to the report, the driving factors such as increase in the demand for cabin customization with respect to passenger comfort and increasing passenger growth rate are boosting the Commercial Aircraft Cabin Interior Market worldwide. It also explains that the growth in this market will continue to depend largely on passenger travel as increase in the number of passengers will automatically increase the number of aircrafts and cabin seats in commercial aircrafts. Market size of the cabin seats segment is estimated to be the highest in the forecast period 2014 to 2019 by the report, compared to other cabin interior products.
The Commercial Aircraft Cabin Interior Market includes several products, which are categorized such as passenger seats, cabin lights, cabin windows and windshields, IFECs (In Flight Entertainment and Communication Systems), galleys, monuments, and lavatories.
Globally, air traffic is increasing; hence, according to the report, passenger comfort occupies the highest priority for airlines. Due to this, aircraft manufacturers are focused on customization of cabin interiors to provide the same. Most commercial aircraft cabin interior competitors are from the U.S. and Europe, who are generating new technology trends and market trends for this particular industry.
In the geographic analysis, it is estimated that Asia-Pacific, the Middle East, and Latin America are the fastest growing regions in the commercial aircraft cabin interior market.
The global market is estimated to be at $12,852.96 Million in 2014 and is expected to reach $17,194.9 Million by 2019. According to the report, the major challenges for this particular industry will be controlling emissions from aircraft, poor quality of equipment, and increase in fuel prices.
The analysis includes segmentation of the market by fit, product, aircraft and geography across various regions of the world such as North America, Europe, the Middle East, Asia-Pacific, and Latin America.
By aircraft, the report categorizes the cabin market into Narrow Body, Wide Body, Very Large Aircraft, and Business General Aviation.
By product, the cabin interior market is segmented into passenger seats, cabin lights, IFECs (In Flight Entertainment and Communication), windows and windshields, galleys, monuments, and lavatories. According to the report, the market for passenger seats is expected to grow at a CAGR of 5.71% while the IFEC market is expected to grow at a CAGR of 6.67% during the forecasting period 2014 to 2019
Despite the economic slowdown in the U.S. and Europe, major players in the commercial aircraft cabin interior market belong to these regions. Europe has mainly been affected by the global financial crisis, which is evident over the European manufacturing sector as well. This region, is however, expected to reach $17194.9 million by 2019.
The commercial aircraft cabin interior market is estimated to grow at a CAGR of 5.99% for the forecast period of 2014 to 2019.
In the future, new aircrafts in different segments are expected to be introduced in the market. In the Wide Body Aircraft segment, new aircraft models such as Boeing’s B747-8, B777-8X, and B777-9X will be introduced. Airbus is expected to introduce A320neo, which will replace the A320F existing model of aircraft.
The competitive analysis provided by the report includes market shares of the key companies in the commercial aircraft cabin interior market. The impact of the drivers and restraints is analyzed throughout the study period to provide an in-depth insight of the market. Technology and industry trends are also discussed in the report, which will provide the latest information related to advanced technology and joint ventures amongst commercial aircraft cabin interior providers.
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