Continuously evolving passenger demand for comfortable air travel and increasing need for IFEC systems to drive the Global Aircraft Seating Market through 2028.
According to TechSci Research report “Aircraft Seating Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028,” the global aircraft seating market was valued at USD1,877.27 million in 2022 and it is estimated to reach around USD 2,821.85 million by 2028 accelerating with a CAGR of 7.25% in terms of value. Due to the continuously growing global economy, and the increasing per capita income the demand for comfortable passenger air travel is continuously on a rise. As a result, higher number of aircraft manufacturing companies are mounting up superior quality aircraft seats in their aircrafts. Federal Aviation Administration (FAA) has issued regulations regarding safer air travel and new rules were stated for the aircrafts manufactured after October 2009, under which aircraft seats must be able to withstand the force which is 16 times the force of gravity (16g seats), as compared to the previous standard aircraft seats which were able to withstand 9 times the force of gravity (9g seats). The growth in the global aircraft seating market is also driven by thriving demand for in-flight entertainment and connectivity (IFEC) systems by the air travelers across the globe. Due to the growing need for internet connectivity for business needs while travelling in air, the aircraft seat manufacturing companies are increasingly setting up more advanced internet connectivity systems in their manufactured aircraft seats and the trend is expected to flourish in the forthcoming years as well. The increase in income and improving living standards of the people is booming the demand for tourism and travel industry, as a result the demand for commercial aircrafts is increasing. The increasing demand for commercial aircrafts across the globe is driving the global aircraft seating market. Since major aircraft manufacturing companies are in North America and Asia-Pacific, the global aircraft seating market is majorly dominated by North American region and the Asia Pacific region. These two regions account for the highest number of aircraft seat sales globally, with their combined market share of around 50% in 2022 in the global aircraft seating market. These two regions are comparatively dominating against the other regions based on their net orders of the aircraft seats across the globe. In North America, United States holds maximum market share and narrow body aircraft seats are dominating the market by fair margin. Due to increasing air travel for business purposes, the business aircraft seats and the first-class aircraft seats demand have increased in the recent years and the trend is expected to continue for the forecast period as well. In Asia Pacific Region, China holds the most significant market share, accounting for over 50% of the Asia Pacific Aircraft seating market in 2022
Global aircraft seating market can be segmented based on aircraft type, class, seat type, gravity, end use, region and competitive landscape. In terms of aircraft type, the narrow-body aircraft seats segment accounts for the largest market share and the trend is expected to continue in the coming years as well. However, the increasing demand for global passenger air travel will drive the sales of wide body aircraft seats globally. Continuously improving airport infrastructure and technology, connecting remote regions is inducing the sales of aircrafts, and hence increasing the sales of aircraft seats as well.
In terms of class, the global aircraft seating market is distinguished based on economy class, premium economy class, business class and first class. As the lifestyle of people is getting better continuously, consumer spending on air travel have increased as a result the sales of premium economy class seats have increased in the past years and the same is expected in future. Economy class seats, being the least expensive seats in the segment accounts for the largest market share. Owing to the factors like comfortable air travel and the increasing global business, market share of business class seats and the first-class seats have increased in the recent years and the same is expected in the forecast years as well.
In terms of seat type, aircraft seats are distinguished based on pilot/co-pilot seats, cabin crew seats, and passenger seats. Passenger seats holds the maximum market share in this segment. Due to the increasing concern of passenger safety, airlines are employing more cabin crew members in their flights as a result the sales of cabin crew seats have increased in the recent years.
Based on gravity, aircraft seats are distinguished between 9G seats and 16G seats. Due to FAA regulations (Federal Aviation Administration) on 16G cabin seats over safety standards, the market share of 16G cabin seats is dominant over 9G seats.
In terms of regional analysis, the market is segmented into Asia-Pacific, North America, South America, Europe, Middle East, and Africa. Majority of cabin seat demand come from North America and Asia Pacific, hence making them as leaders of the mainstream market.
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Some of the major companies operating in the Global Aircraft Seating Market include:
- Raytheon Technologies Corporation (Collins Aerospace)
- Safran
- RECARO Aircraft Seating GmbH & Co. KG
- Geven SPA
- JAMCO Corporation
- Acro Aircraft Seating Ltd
- Aviointeriors S.p.A.
- Stelia Aerospace
- Expliseat
- HAECO Americas, LLC
These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.
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“In 2022, North America accounted for the largest share of around 29% in global aircraft seating market in 2022. The region is expected to maintain its dominance over the next five years as well. US is one of the leading aircraft seating manufacturers globally. Increasing level of comfort for passenger air travel and need for IFEC systems are boosting the demand for aircraft seating globally.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Aircraft Seating Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Aircraft Type (Narrow-Body Aircraft, Wide-body Aircraft, Regional Aircraft, Business Aircraft), By Class (Economy, Premium Economy Class, Business Class, First Class), By Seat Type (Pilot /Co-pilot Seats, Cabin Crew Seats, Passenger Seats), By Gravity (9G & 16G), By End Use (OEM, Replacement) and By Region,” has evaluated the future growth potential of Global Aircraft Seating Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Aircraft Seating Market.
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