Aircraft Seat Market Set to Rise at 6.1% CAGR, Totalling US$ 8,307.3 Million by 2034 | Fact.MR Report
Rockville, MD, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The global aircraft seat market is estimated at US$ 4,595.2 million in 2024, projected to grow steadily with a 6.1% CAGR through 2034. The market is projected at a valuation of US$ 8,307.3 million by 2034. The market is experiencing dynamic growth propelled by various factors shaping the aviation industry. As global air travel demand continues to surge, airlines are increasingly emphasizing passenger comfort, influencing a paradigm shift in seating solutions.
This market is characterized by a pivotal move towards lightweight and ergonomic designs to enhance fuel efficiency and accommodate diverse aircraft configurations, aligning with the industry's overarching goals of operational efficiency and reduced fuel consumption. Technological advancements play a significant role, with in-seat entertainment systems and smart seat features becoming integral components. Airlines leverage these innovations to enhance passenger experiences, staying competitive in an evolving market landscape.
The optimization of cabin space and adherence to safety regulations are pivotal considerations for manufacturers. Innovative materials and designs are being introduced to address these factors, reflecting the industry's commitment to ensuring passenger safety and comfort. The emergence of new aircraft models and the growing trend of premium seating options further contribute to the evolving landscape of the market. Airlines are investing in advanced seating solutions to differentiate themselves and meet the discerning preferences of passengers seeking elevated travel experiences.
The Regional Transport Aircraft (RTA) segment is a key driver of expansion. With a rising demand for short-haul flights and improved regional connectivity, airlines invest in specialized seating solutions tailored for RTAs. This segment represents a crucial growth opportunity as regional air travel gains prominence, especially in emerging markets.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9534
Key Takeaways from the Market Study:
- North America market is expected to expand at a CAGR of 6.5% through 2034.
- The aircraft seat industry in the United States holds a market share of 72.3% in 2024.
- The market in the United States is valued at US$ 1,255.8 million in 2024.
- The aircraft seat industry in China is expected to rise at a CAGR of 7.6% through 2034.
- By seat type, the 16G segment to hold a market share of 41.9% in 2024.
“The rise in demand for air travel worldwide serves as a significant driver for the aircraft seat industry,” says a Fact MR. analyst.
Leading Players Driving Innovation in the Aircraft Seat Market:
Acro Aircraft Seating Ltd, Airbus S.A.S., Aviointeriors S.p.a., Geven S.p.a., Jamco Corporation, Raytheon Technologies Corporation, Recaro Aircraft Seating GmbH & CO. KG, Safran, Swire Pacific Limited, Zim Flugsitz GmbH.
Competitive Landscape:
The competitive landscape of the market is characterized by intense rivalry among key players vying to meet the increasing demands of the aviation sector. Established seat manufacturers and emerging entrants engage in innovation and strategic partnerships to enhance comfort, safety, and design.
As airlines seek cutting-edge solutions to differentiate their offerings, the market is dynamic, marked by ongoing advancements and collaborations, reflecting the industry's commitment to elevating passenger experiences worldwide.Top of Form
Aircraft Seat Industry News:
- In June 2022, STELIA Aerospace announced a collaboration with AERQ to integrate Cabin Digital Signage for OPERA seats in the A320neo family. This partnership signifies a strategic move to enhance in-flight passenger experiences through innovative digital signage solutions.
- In July 2022, Hutchinson finalized its long-term contract with Singapore Component Solutions, a joint venture between Sabena Technologies and AFI KLM E&M dedicated to component support.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the aircraft seat market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on Seat Type (9G, 16G), By Aircraft Type [Wide Body Aircraft (WBA), Narrow Body Aircraft (NBA), Regional Transport Aircraft (RTA), Others], and by region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
Checkout More Related Studies Published by Fact.MR Research:
Automotive Seat Market: size is projected to reach US$ 105.61 billion by the end of 2034, up from US$ 68.47 billion in 2024. The market has been studied in detail and is forecasted to expand at a CAGR of 4.4% through 2034.
eVTOL Aircraft Market: is expected to be worth US$ 422.2 million in 2024. It is projected to expand at a CAGR of 21.5%. A valuation of US$ 2,959.9 million is expected by 2034 for eVTOL aircraft sales.
Aircraft Cleaning Chemical Market: As per the International Air Transport Association (IATA), global air passenger traffic for 2018 rose by a healthy 6.5% compared to 2017, which is more than the average annual growth over the last ten years, i.e. 5.5%.
Aircraft Coatings Market: The aircraft coatings manufacturers regularly innovate to reduce the overall manufacturing cost and product performance. Aircraft coatings has achieved prominence in the industry in the last decade owing to its benefits, such as confinement of shiny color for a longer duration and protection from dirt.
Aircraft Container & Pallet Loader Market: Aircraft container & pallet loader is a unit load device used across airports to transport containers & pallet loads. Aircraft container & pallet loader eases the transport of cargo by allowing different types of goods, which are to be packed and kept into a single unit container.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
© Copyright Globe Newswire, Inc. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Globe Newswire, Inc.
