The aircraft interiors market refers to the products and services that are used to equip and design the inside of an aircraft. This includes cabin lighting, seating, lavatories, galleys, and other equipment and components that are necessary for passengers and crew members during a flight.
The market for aircraft interiors has been growing steadily over the years due to increasing air travel and rising demand for comfortable and efficient airline services. The industry has been impacted by technological advancements, changing customer preferences, and increased competition among airlines.
The market for aircraft interiors is anticipated to grow at a staggering CAGR of over 15% during the forecast period to reach a value of US$ 19.5 Billion in 2027.
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The following are some of the key players in the market:
Safran S.A., Collins Aerospace, Panasonic Avionics Corporation, AVIC Cabin Systems, Recaro Aircraft Seating GmbH & Co. KG, Gogo Inc, Jamco Corporation, Diehl Stiftung & Co. KG
North America is expected to remain the largest market for aircraft interiors over the forecast period. The United States is the manufacturing hub for aircraft interiors. Aerospace giants including Boeing and Airbus have their presence in the region. Asia-Pacific is expected to be the fastest-growing region in the coming years. The increasing demand for commercial aircraft from many developing economies, including China and India is predicted to contribute to the growth in the Asia-Pacific region. Additionally, the opening of assembly plants in the region is stirring the demand in the region.
Overall, the aircraft interiors market is expected to continue to grow in the coming years, driven by rising air travel demand and increasing investment in advanced cabin designs and technology.