Aircraft Cabin Interior Market Grow at a CAGR of 11.26% with
Valuation of USD 28.12 Billion by 2023
The aircraft cabin interior market has been segmented by application into
seating system, galley, cabin & structure, equipment and system and in-flight
entertainment systems. Among these segments, the in-flight entertainment
segment is estimated to boom over the forecast period which can be
attributed to rise in demand for in-flight Wi-Fi connectivity for
entertainment and on-board shopping. These factors are anticipated to drive
the demand for in-flight entertainment in overall aircraft cabin interior
market over the coming years.
The global market for aircraft cabin interior accounted for USD 15.52 Billion
in 2015 and is estimated to reach market valuation of USD 28.12 Billion by
2023 by expanding at a significant compound annual growth rate of 11.26%
over the period 2016-2023. Factors such as technological advancement in
aircraft interiors and modification of cabin components are anticipated to
drive the aircraft cabin interior market with noteworthy revenue by the end
of 2023. Further, the seat segment under product type is estimated to
account for highest market share of 27.5% in overall aircraft cabin interiors
market during the forecast period.
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In the regional segment, North America represented the largest market in
terms of revenue with market share of 45% and is anticipated to continue its
dominance in overall aircraft cabin interior market over the period 2016-
2023. This can be attributed to increasing sales of commercial jet and air
traffic in this region. Factors such as growing rate of GDP, rising adoption of
advanced technology and presence of emerging nations such as India, China
and others are anticipated to make Asia Pacific as the second largest share
contributor in the aircraft cabin interior market. Rapid increase in
globalization and urbanization is anticipated to at