Aircraft Cabin Interior Market Observe Significant Growth Of USD 41.10 Billion By 2030

Posted by Neha Bora on October 13th, 2023

San Francisco, 13 Oct 2023: The Report Aircraft Cabin Interior Market Size, Share & Trends Analysis Report By Material (Alloy, Composites, Others), By Type, By Aircraft Type (Narrow Body, Wide Body, Business Jets, Regional Transport Aircraft), By End User, And Segment Forecasts, 2023 - 2030

The global aircraft cabin interior market size is expected to reach USD 41.10 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. The market is experiencing a distinct shift towards passenger-centric innovations. Airlines and manufacturers are focusing towards enhancing the passenger travel experience. This encompasses the seamless integration of advanced technologies such as interactive seat touchscreens, tailor-made entertainment choices, and customizable lighting configurations. These innovations collectively aim to establish an environment of comfort and enjoyment during the journey, thereby anticipated to fuel market growth over the forecast period.

The current aviation landscape places a strong emphasis on connectivity, propelling aircraft cabin interiors to transform into immersive hubs for entertainment and communication. This trend involves seamlessly integrating high-speed Wi-Fi, streaming services, and captivating VR/AR experiences directly into cabins, ensuring passengers are engaged and maintain seamless connectivity throughout the entire duration of their flight. Companies are focusing on leveraging immersive technologies to streamline aircraft cabin design processes and enhance remote collaboration. For instance, in June 2023, Airbus unveiled their first immersive remote collaboration concept. The company is pioneering digital collaboration with an innovative approach, utilizing mixed reality technologies to create an industry-first solution for customizing aircraft interiors. This concept revolutionizes how Airbus approaches aircraft cabin definition, facilitating real-time, immersive virtual interactions with customers, both locally and remotely. Such strategies by key players are expected to drive the market growth over the forecast period.

Moreover, the key trend in the market is its adaptability across various aircraft sizes such as small, medium, and large. Despite the Covid-19 pandemic, the market continues to display resilience. This growth is fueled by global airlines expanding their flight operations and adhering to regulatory guidelines. India stands out as a prime adopter of aircraft cabin interiors due to its strong domestic airline network. Meanwhile, the European and North American markets flourish due to passengers’ strong inclination towards air travel, contributing to the widespread prevalence of market.

Access Research Report of Aircraft Cabin Interior Market https://www.grandviewresearch.com/industry-analysis/aircraft-cabin-interior-market-report

Aircraft Cabin Interior Market Report Highlights

  • Based on Material, the alloys segment accounted for over 64% of the market share in 2022, owing to the use of alloys as a core material in aircraft interior components.
  • Based on Type, the entertainment & connectivity segment dominated the market in 2022, due to the growing emphasis of airline companies on enhancing passenger comfort.
  • Based on Aircraft Type, the narrow body aircraft segment dominated the market in 2022, due to the global upsurge in domestic air passenger traffic.
  • Based on End-user, the OEM segment is expected to witness highest growth rate from 2023 to 2030, driven by growing demand for innovative and customized cabin solutions.
  • The Asia Pacific regional market is anticipated to register the highest CAGR of over 14.7% from 2022 to 2030, driven by the region’s expanding air travel demand and increasing investments in aviation infrastructure.

Aircraft Cabin Interior Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 24.18 billion

Revenue forecast in 2030

USD 41.10 billion

Growth rate

CAGR of 7.9% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2020

Forecast period

2023 - 2030

List of Key Players of Aircraft Cabin Interior Market

  • Astronics Corporation
  • Cobham PLC
  • Collins Aerospace
  • Gogo, Inc
  • Honeywell International Inc.
  • Hong Kong Aircraft Engineering Company Limited
  • JCB Aero
  • Panasonic Corporation
  • Thales GroupThe Boeing Company

Access Press Release of Aircraft Cabin Interior Market @ https://www.grandviewresearch.com/press-release/global-aircraft-cabin-interior-market

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Neha Bora

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Neha Bora
Joined: September 16th, 2019
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