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(Transportation-News.com, March 12, 2018 ) The aircraft cabin interior market is projected to grow from an estimated USD 26.02 Billion in 2017 to USD 38.85 Billion by 2022, at a CAGR of 8.35% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rise in passenger traffic across the globe. Also, passengers are more concerned about the customer experience and airlines are investing more in upgrading the existing fleet.
Based on type, the aircraft cabin interior market has been segmented into aircraft seating, in-flight entertainment, cabin lighting, galley equipment, aircraft lavatory, aircraft windows and windshields, aircraft overhead stowage bin, and aircraft interior panels. The aircraft seating subsegment is expected to lead the aircraft cabin interior market during the forecast period. The in-flight entertainment subsegment is expected to grow at the highest rate during the forecast period.
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Based on aircraft type, the aircraft cabin interior market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, and business jets. The wide body aircraft segment is projected to grow at the highest rate because of the increasing aircraft orders and increasing demand for long duration air travel globally.
The aircraft cabin interior market has been segmented and analyzed based on vendor into OEM, aftermarket, and MRO. The OEM segment is expected to lead the aircraft cabin interior during the forecast period. As the commercial aviation market is growing at a faster rate due to the exponential increase in air passenger traffic, the demand for new aircraft is increasing year on year. This rising demand is expected to drive the OEM market during the forecast period.
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The aircraft cabin interior market has been studied for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to lead the global aircraft cabin interior market in 2017. The US is a major market share for and has the most profitable aviation industry. Thus, North America is expected to fuel the growth of the market. Major commercial aircraft manufacturers present in North America are Boeing (US) and Bombardier (Canada), and therefore generate a high demand for aircraft cabin interior products. North America is expected to continue to lead the market during the forecast period.
The lack of profitable airlines in developing economies is one of the factors restraining the growth of the aircraft cabin interior market. The major strategies undertaken by various companies include new product developments and contracts. The competitive leadership mapping matrix compares various companies operating in the aircraft cabin interior market. Major players in the aircraft cabin interior market are Zodiac Aerospace (France), United
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