The
commercial aircraft cabin interiors market size is poised to grow at a CAGR of more than 9% during the
period 2020-2024, according to the latest market research report by Technavio.
The demand for air travel is likely to double over the next two
decades due to the growth in air travel in countries such as China, India,
Indonesia, Russia, and the US. The year-over-year increase in air traffic has
also mandated the induction of new aircraft to facilitate this growing demand.
Hence, airline companies are increasingly ordering new generation aircraft that
are fuel-efficient and lightweight. For instance, in November 2018, IndiGo, an
Indian operator, upgraded its orders for A320s and replaced them with 125
A330s. The change in order was attributed to the airline's plans to offer
distinguished services to its customers and evolve its brand image from that of
an LCC into a full-fledged carrier. Thousands of pounds of composite materials
like honeycomb core, thermoset prepregs, and thermoplastics are being used in
new-generation aircraft to reduce the overall weight of aircraft. These
materials are mostly used in ceiling and floor panels, galleys, lavatory
modules, food and drink trolleys, and class dividers. Such innovations will
stimulate the demand for new generation aircraft, which will drive the growth
of the commercial aircraft cabin interiors market.
As per Technavio, the emergence of 3D printing in aircraft cabin
interior will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also analyzes
other important trends and market drivers that will affect market growth over
2020-2024.
Commercial Aircraft Cabin Interiors Market: Emergence of 3D
printing in Aircraft Cabin Interior
The consistent growth of the aerospace industry is compelling
aerospace companies to seek innovative technologies to manage their costs
efficiently and meet the demands of the aviation market. One such technology is
3D printing or additive manufacturing that can develop three-dimensional
objects using computer-aided design (CAD). 3D printing allows designers and
engineers to manufacture parts with intricate geometries that are lighter than
components manufactured using traditional methods. Moreover, advances in laser
and 3D printing machines are encouraging developers to create parts with new
material combinations. This method, apart from being cost-effective, gives the
added advantage of quick design and manufacturing of different components.
Commercial Aircraft Cabin Interiors Market: Segmentation
Analysis
This market research report segments the commercial aircraft cabin interiors market by
product (seating; lavatory module; windows, cabin panels, and stowage bins;
galley; lighting), type (narrow-body aircraft, wide-body aircraft, and regional
aircraft), and geography (APAC, North America, Europe, South America, and MEA).
The North American region led the market in 2019, followed by
Europe, APAC, South America, and MEA respectively. However, during the forecast
period, the European region is expected to register the highest incremental
growth due to the growing orders for new-generation aircraft, which will
parallelly generate demand for advanced cabin interior products.
Technavio’s sample reports are free of charge and contain
multiple sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more.
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