Global Aircraft Cabin Interior Market Report and Forecast 2022-2027
Market Outlook
The growth of the global aircraft cabin interior market is aided by the increasing standards of the aviation industry, rapid urbanisation, increasing number of domestic and international travelers. The market is projected to further grow at a CAGR of 3.22% in the forecast period of 2022-2027.
Aircraft cabin interior is defined as a portion of the aircraft where passengers are seated. The major components of aircraft cabin interior include ceiling, floor, sidewalls, panels, wardrobe, and baggage compartments, among others. Cabin interiors in an aircraft are crucial to bolster the comfort of the passengers, to improve the travelling experience, and to provide in-flight entertainment, which is a growth driving factor for the global aircraft cabin interior market.
Rapid innovations and technical upgradations in the aviation industry leading to a heightened incorporation of world-class aircraft cabin interiors in commercial and business aircrafts are propelling the market numbers. In addition to this, the rising passenger expectations and increasing standards of living are further enhancing the incorporation of aesthetically appealing cabin interiors with more comfortable seats and better legroom.
Cabin interior plays an important role in military aircrafts by bolstering the comfort of commandoes and soldiers in the most hostile zones. In the defence sector, cabin interior also allows efficient storage of arms and ammunition, leading to an enhanced military operational efficiency. Hence, the rising incorporation of high-tech military aircrafts in the air forces of powerful nations is improving the aircraft cabin interior market dynamics. Moreover, the expanding military expenditure across the emerging economies is likely to lead to enhanced quality of aircraft manufacturing.
Over the forecast period, the increase in business tours and official flights is likely to propel the standards of business aircrafts, which in turn, will boost the upgradation of entrance and service areas, galleries, and various technical components.
North America accounts for a significant share of the aircraft cabin interior market, driven by the high aviation expenditure in strong economies, such as the United States. Superior quality of indigenous manufacturing in the region has been fuelling the market growth. On the other hand, Asia Pacific is anticipated to witness a steady growth in the forecast period owing to the favourable government initiatives and emergence of private market players offering greater investments on commercial aircrafts.
Market Segmentation
The market can be divided into the following segmentations.
Market Breakup by Type
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