Stratview Research’s latest market report on the global aircraft cabin interior composites market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.
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According to the report, the global aircraft cabin interior composites market is projected to reach an estimated value of US$ 1,891.1 million in 2023.
Organic growth of the aircraft industry is the primary driver of the sustainable demand for composites in aircraft cabin interiors. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for composite parts for cabin interiors globally in the foreseeable future.
In addition to that, Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft.
Cabin upgrade is another factor creating a significant opportunity for composites. In general, first- and business-class cabins are frequently refurbished than the economy cabins. Also, airline profitability is having a major impact on discretionary spending for upgrades. Lower crude oil prices allowed airlines to make more profit, thus, spending more on cabin upgrades, such as larger overhead bins and compact lavatories.
Safety is another factor that is again boosting the demand for composite parts in aircraft cabin interiors. For instance; aircraft seats are required to withstand a dynamic 16g force. In the 16g test, two distinct dynamic tests are conducted, which ultimately stimulates the loads that could be expected in an impact-survivable accident. The helps to survive passengers in the case of a fatal accident. The selection of materials for seating application largely depends upon such regulations. Composite parts excel in most of the parameters with the advantages of being light in weight.
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The key growth drivers of the aircraft cabin interior composites market are:
- Increasing commercial and regional aircraft deliveries
- Increasing share of wide-body aircraft in total commercial aircraft deliveries
- Increasing global commercial and regional aircraft fleet size
- Increasing demand for lightweight parts in aircraft
- Increasing demand for FST resistant parts in the interior applications
Stratview Research has done a rigorous study on the aircraft cabin interior composites market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.
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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 the aircraft cabin interior composites market and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the six ways in which the market is segmented:
Aircraft Cabin Interior Composites Market, By Aircraft Type
- Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Very Large 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)
Aircraft Cabin Interior Composites Market, By Application Type
- Floor Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sidewall Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ceiling Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Stowage Bins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Galleys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Lavatories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Seating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ducts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Interior Composites Market, By Composites Type
- Glass Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Carbon Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Interior Composites Market, By Process Type
- Sandwich Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Processes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Interior Composites Market, By End-User Type
- OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Interior Composites 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 (Country Analysis: Latin America, the Middle East, and Others)
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