The global aircraft seating market is primarily driven by the increasing air passenger traffic worldwide. Seats installed in commercial aircrafts are an integral part of the passenger cabin and comfort experience. Modern aircraft seating is designed to enhance safety, convenience, and ergonomics for travelers. Key features include adjustable headrests and legrooms, multifunctional tray tables, power ports, and entertainment units integrated in the backrest. Growing preferences for premium economy and business class seats having additional conveniences are fueling innovations.
The aircraft seating market is estimated to be valued at USD 7.33 Bn in 2024 and is expected to reach USD 10.84 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 5.75% from 2024 to 2031.
Growth in long-haul air travel and demand for lightweight seats made using advanced composite materials are boosting market expansion. Aircraft seat manufacturers are actively engaged in developing innovative seating solutions to improve mobility and wellbeing of passengers across all classes. Key players operating in the aircraft seating market are B/E Aerospace, Zodiac Aerospace, Stelia Aerospace, Recaro, Aviointeriors, Thompson Aero, and Geven.
The growing middle-class population in developing nations is increasing air travel, opening multiple opportunities for Aircraft Seating Market. Aircraft interiors seeing modernization programs represent a key growth driver.
Global aircraft manufacturers like Airbus and Boeing are ramping up production rates to meet rising aircraft demand from Asia Pacific and Middle Eastern carriers. This is facilitating rapid market expansion internationally.
Market Drivers
Increasing global air passenger traffic is a key driver for the aircraft seating market. IATA expects passenger numbers to double to 8.2 billion by 2037. This extensive rise in air travel is necessitating additional aircraft procurement.
Low-cost carriers predominantly in emerging economies are driving mass-market demand for air travel and value-based seating options. Their fleet expansion plans will propel seat installation.
Market Restraints
Volatility in raw material prices can affect the supply chain and production costs of aircraft seat manufacturers.
Stringent aircraft certification standards and quality assurance imposed by regulatory authorities increase the approval time and expenses for new seating designs.
Segment Analysis
The aircraft seating market can be segmented based on class into first class, business class, premium economy class, and economy class. The economy class segment dominates the market as most airlines focus on increasing seating capacity to carry more passengers on a single flight. This helps in reducing the operational costs for airlines. Therefore, the economy class segment accounts for over 60% of the total aircraft seating installed on commercial aircrafts.
Global Analysis
Regionally, North America dominates the global aircraft seating market due to high air passenger traffic in the US. However, the Asia Pacific region is expected to witness the highest growth during the forecast period due to the rising demand for new aircraft in countries like China and India. In Asia Pacific, China represents the fastest growing market and is expected to overtake the US as the world's largest aviation market in the coming years.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
