The demand for Aircraft cabin interior market is expected to increase the number of new aircraft order due to the rise in air passenger traffic globally. Cabin interior market in commercial airline has developed considerably and expected to boost the aviation sector. Moreover, the airline has concerned about enhancing the customer experience with increasing investing to upgrade the existing aircraft fleets.
According to AMA, the Global Aircraft Cabin Interiors market is expected to reach USD28.14 Billion by 2024 growing at a CAGR of 5.84%.
Up gradation of existing aircraft
Increase in demand for premium economy seats, Rising Demand for In –flight Entertainment system and IFEC a major source of ancillary revenue for airlines
Influence of low cost Airlines, Wifi Connectivity and New Aircraft Interior Lightning system Technology
The Manufacturers Covered in the Study are:
Astronics Corporation (United States), Global Eagle Entertainment (United States), Gogo (United States), Honeywell International (United States), Panasonic Avionics (United States), Rockwell Collins, Inc. (United States), United Technologies Corporation (United States), Encore Group (United States), Haeco Americas (United States), Triumph Group (United States), Cobham plc (UK), Diehl Stiftung & Co. KG (Germany), RECARO Aircraft Seating GmbH & Co. KG (Germany), Thales Group (France), Geven Spa (Italy) and Zodiac Aerospace (France)
According to the International Air Transport Association (IATA) the market for air passenger will reach 8.2 billion by 2037 with a prediction based on 3.5 % CAGR for the industry. The biggest driver demand will be the Asia Pacific region.
List of players that can be included in the study on immediate basis are ST Engineering (Singapore), Jamco Corporation (Japan) and Lufthansa Technik (Germany).