Aircraft Cabin Upgrades Market is Expected to Reach US$ 8.9 Billion in 2023, Interior Modification is Likely to Remain the Most Dominant Application in the Market, Says Stratview Research
DETROIT, August 7, 2018 /PRNewswire/ --
Stratview Research announces the launch of a new market research report on Aircraft Cabin Upgrades Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, and Military Aircraft), by Application Type (Interior Modifications, Cabin Connectivity, Painting, Airworthiness Directives, and Avionics), by End-User Type (Passenger Airlines, Freighter Companies, Leasing Companies, Corporate Jets, and VIP's & Military Derivatives), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
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This market report, from Stratview Research, studies the aircraft cabin upgrades market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aircraft Cabin Upgrades Market: Highlights
As per Stratview Research, the global aircraft cabin upgrades market is projected to grow at a healthy rate over the next five years to reach US$ 8,926.2 million in 2023. Introduction of advanced aircraft such as A320neo, B777x, and B737 Max, increasing commercial aircraft fleet size, advancement in products/technologies to provide maximum comfort to passengers, and replacement trend from first-class seats to business-class are some of the major drivers of the market.
The research's findings suggest that commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing cabin upgrades of A320 and B737, introduction of next-generation aircraft including B787 and A350XWB, and market entry of new players, such as COMAC and Irkut are the major factors that are proliferating the growth of cabin upgrades in the segment.
Based on the application type, interior modification is likely to remain the most dominant segment of the global aircraft cabin upgrades market over the next five years, driven by the demand in commercial aircraft. However, avionics segment is likely to witness the highest growth in the same period, driven by advancements in technology.
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In terms of region, North America is projected to remain the largest market during the forecast period, driven by large aircraft fleet size and presence of major OEM and tier players in the region. Whereas, Asia-Pacific is likely to witness the highest growth in the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Key cabin interior upgrade companies are AAR Corp, Air France Industries, KLM Engineering & Maintenance, Boeing Global Services, Diehl Aviation Laupheim GmbH, Jet Aviation AG, Lufthansa Technik AG, SR Technics, and Singapore Technologies Engineering Ltd (ST Engineering).
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors
This report studies cabin upgrades market in the global aircraft industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Aircraft Cabin Upgrades Market, By Aircraft Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades Market, By Application Type
- Interior Modifications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cabin Connectivity (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Painting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Airworthiness Directives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Avionics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades Market, By End-User Type
- Passenger Airlines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Freighter Companies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Leasing Companies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Corporate Jets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- VIP's & Military Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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