Aircraft Soft Goods Market Forecasts to 2028 – Global Analysis By Product Type (Seat Covers, Curtains, Carpets and Other Product Types), Aircraft Type, Material and By Geography
According to Stratistics MRC, the Global Aircraft Soft Goods Market is accounted for $319.6 million in 2022 and is expected to reach $425.8 million by 2028 growing at a CAGR of 4.8% during the forecast period. Soft goods improve passenger comfort and feel, as well as noise absorption and vibration dampening, by adding aesthetic appeal to the airplane interiors. The airline sector has made large investments in soft goods maintenance and enhancement, which has led to visually beautiful, cleverly designed interiors for aeroplanes. In addition to adding aesthetic value to the cabin, aviation soft goods also aid airlines in increasing comfort, reducing noise through improved noise absorption, and reducing turbulence or vibration.
According to the International Air Transport Association (IATA), the number of air passengers is expected to reach 8.2 billion. Moreover, the number of airlines is also expected to increase from 7,456 to 10,000.
Market Dynamics
Driver:
Increase in passenger air traffic
The increasing numbers of air passengers in the international and domestic fleets, as well as enhanced upholstery product utilisation such as carpets, seat covers, and curtains for air passengers, are driving market expansion. Increased demand for aircraft comfort levels and greater air passenger volume will drive up product demand. Growing adoption of interior improvement methods and the need to enhance the passenger comfort levels in airplanes will drive market growth.
Restraint
Stringent regulations
The aviation industry is one of the most heavily regulated in the world. Manufacturers of soft goods for aircraft are subject to a number of requirements. The safety and calibre of the items are addressed by these rules. Similar materials and technology are used by the car sector to create its products. This is acting as a challenge for aircraft soft goods manufacturers.
Opportunity
Increased prevalence of low cost carrier
Substantial research has been carried out to examine the business model and its ramifications for the soft goods industry and beyond. The majority of people consider low-cost carriers as carriers that have acquired a cost advantage over full-service carriers through a number of operating methods. The evolution of low-cost carrier industry provides a growth opportunity for the market.
Threat
High cost of raw materials
Leather, textiles, and metals are the main raw materials utilised in the production of aviation soft goods. These basic materials have been getting more expensive. The price of fuel has a significant impact on the aviation sector. Any changes in fuel costs directly affect the operating expenses of airlines, which in turn affects their spending on soft goods for aircraft. However, intense competition & stringent flammability requirements limit the growth of the market.
Covid-19 Impact
COVID-19 has touched all enterprises, more or less to every industry. In 2020, the growth curves of the aircraft soft goods market have seen tremendous changes, resulting in multiple cycle adjustments with long-term repercussions. The virus has infected millions of individuals around the world, prompting major countries to impose restrictions and cease work. Most industries, except for medical supplies and life support products, have been severely impacted, as is the market.
The seat covers segment is expected to be the largest during the forecast period
The seat covers segment is estimated to have a lucrative growth, due to increasing concerns towards aesthetics, comfort, and hygiene of aircraft seats. These trends will encourage the use of soft, stain-resistant seat covers, which save an aeroplane a significant amount of fuel as compared to leather seat covers. In addition, government rules encouraging the use of biodegradable and environmentally friendly seat covers will drive market expansion.
The wool/nylon blend fabric segment is expected to have the highest CAGR during the forecast period
The wool/nylon blend fabric segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its excellent properties such as superior insulation, good durability, and high wear resistance. Manufacturers are currently designing hybrid soft goods that combine the characteristics of both nylon & wool with improving the style as well as the function of aircraft interiors.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing air travel demand coupled with rising low-cost airliners. Rise in the technological advancement and modernisation in the production techniques will provide the beneficial opportunities. Increasing demand for commercial aircraft to support rising passenger traffic is the major factor driving the growth of the region.
Region with highest CAGR
North America is projected to have the highest CAGR over the forecast period, owing to rising air travel demand. Increasing technological advancements and modernization of production techniques create new opportunities. Stringent government regulations towards aircraft maintenance and repair activities create need for refurbishment & repair of interior components of an aircraft will drive the market demand.
Key players in the market
Some of the key players profiled in the Aircraft Soft Goods Market include Hira Technologies Pvt Ltd, Spectra Interior Products, Aereos, INC., ELeather, Aircraft Interior Products, Anker Technology Ltd, Intech Aerospace, Hong Kong Aircraft Engineering Company Limited, Aerofloor Ltd, Tarkett, Tapis Corporation, RAMM Aerospace, Lantal Textile AG, Botany Weaving Mills and Mohawk Group.
Key Developments
In November 2021, Navitas Semiconductor, the industry leader in GaN power integrated circuits (""ICs"") and Anker Innovations, a global leader in fast-charging technology, announced the signing of a new strategic partnership.
In April 2019, InTech Aerospace LLC, a long-standing aviation technical services firm specialized in commercial and government airplane interiors and components, has expanded its main MRO facility near George Bush Int'l. Airport, and has added even more technology improvements to its capacities. Scott Mowery, InTech's Chief Operating Officer,
Product Types Covered:
• Seat Covers
• Curtains
• Carpets
• Other Product Types
Aircraft Types Covered:
• Military Aircrafts
• Commercial Aircrafts
• Regional Aircraft
• General Aviation
• Other Aircraft Types
Materials Covered:
• Synthetic Leather
• Polyester Fabric
• Wool/Nylon Blend Fabric
• Natural Leather
• Other Materials
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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