Flight Passenger Comfort Hardware Market Definition
The global flight passenger comfort hardware market is expected to grow at a significant pace during the forecast period, according to the AMA study. The factors such as increasing global aircraft production and fleet propelled by the rising supply of commercial planes to cater to the growing passenger traffic across different regions of the world are one of the major factors driving the market. In addition, the growing adoption of advanced technology systems by airlines and aircraft original equipment manufacturers for providing better comfort service to passengers and is another major factor acting as a major driver for the flight passenger comfort hardware market. Moreover, the vendors in this market are continuously working on developing new products to remain competitive in the transforming market. For instance, in March 2019, Astronics announced the launch of new ambient lighting solutions Nuancia RGBW Strip Lights to provide flexible illumination options for aircraft seats and cabins.
The market study is broken down by Type (Seats & Sleeping Berths, Inflight Entertainment Systems, Connectivity Systems, Lighting Solutions, Overhead Bins and Others), by Application (Narrow-Body, Wide-Body, Very Large Aircraft, Regional Aircraft and General Aviation) and major geographies with country level splits. According to AMA, the Global Flight Passenger Comfort Hardware market is expected to see growth rate of 7.9%
The vendors in this market are focusing on grabbing contracts from major airlines and aircraft OEMs in order to remain competitive in the global market place. For instance, in May 2019, FACC upgraded the fleet of A320 wide-body passenger aircraft of Austrian Airlines with passenger luggage space upgrades. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Flight Passenger Comfort Hardware market throughout the predicted period.
Aviointeriors S.p.A. (Italy), RECARO Holding GmbH (Germany), Collins Aerospace, Inc. (United States), Geven S.p.a. (Italy), Safran (France), Honeywell International (United States), Global Eagle (United States), Lufthansa Systems GmbH & Co. Kg (Germany), Panasonic Avionics Corporation (United States), STG Aerospace Limited (United States), Astronics Corporation (United States), Diehl Stiftung (Germany), Bruce Aerospace (United States) and FACC AG (Germany) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Flight Passenger Comfort Hardware market by Type, Application and Region.
On the basis of geography, the market of Flight Passenger Comfort Hardware has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Fit, the sub-segment i.e. New Fitting will boost the Flight Passenger Comfort Hardware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. B737 will boost the Flight Passenger Comfort Hardware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In July 2019, Panasonic Avionics Corporation announced that it has signed an agreement with TAP Air Portugal to provide inflight entertainment and connectivity (IFEC) solutions for the carrier’s new fleet of 14 A321neo LR aircraft.
- Growing Deployment of Inflight Entertainment Systems by Airlines
- Increasing Demand of Innovative and Mood Lighting Solutions Across Commercial Aviation Industry for Attractive Aircraft Interior Design
- Increasing Global Aircraft Production and Fleet Propelled by Increasing Demand & Supply of Commercial Planes
- Rising Demand for to Provide Better Passenger Comfort Services Due to Strong Competition Among Airlines
- Growing Worldwide Air Passenger Traffic
- Expected Number of Aircraft Deliveries During 2018-2038 Will Generate Huge Demand for Flight Passenger Comfort Hardware Vendors Across Emerging Markets in Different Regions
- Suspended Planned Production of Boeing 737 Max Series Hampering the Aerospace Components Market and Thereby Flight Passenger Comfort Hardware Market
- High Cost of Luxury Class Services in Airlines
- Challenges in Implementation of Inflight Entertainment Systems and Connectivity Solutions in Old Aircraft Fleet During Retrofitting Operations
Analyst ViewThe global flight passenger comfort hardware market is highly fragmented with presence of more than 100 players globally. Increasing aircraft production owing to rising aircraft orders and fulfilment of backlog orders of major aircraft OEMs such as Boeing and Airbus is one of the major factors aiding into the growth for the market. Moreover, the recent action by Boeing towards the suspension of the production of B737 max model due to accidental crashes is expected to impact negatively to the growth of market globally during the forecast period. In Addition, according to industry experts Boeing predicted that there will be more than 41,400 aircraft deliveries during 2018-2038 which will create a huge demand for aircraft comfort hardware manufactures during the forecast period globally.
Key Target AudienceAircraft OEMs, Airlines, Aircraft MRO Service Providers, Component Manufacturers and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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