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According to the report, Aircraft Cabin Upgrades Market is likely to reach an estimated value of US$ 8,926.2 million in 2023.
Introduction of advanced aircraft is the biggest growth driver of the aircraft cabin upgrades market. The latest fuel-efficient variants, such as A320neo, B777x, and B737 Max, have an exceptional interior with an excellent use of space to squeeze the number of seats. This is compelling airlines and leasing companies to upgrade their existing aircraft fleet to provide a uniform feel and to maintain the brand image across their fleet.
Another factor driving the growth of aircraft cabin upgrades is advancement in products/technologies. Aircraft OEMs are introducing upgraded products/technologies in order to provide maximum comfort to the passengers. Large overhead bins, new connectivity systems, and compact slim seats are some of the noticeable advancements in the market. Airlines and leasing companies are increasingly preferring these advancements and are incorporating these in their existing aircraft fleet. For instance; both, Boeing and Airbus, have introduced large overhead bins for their B737 max and A320neo, respectively.
Another trend positively impacting the growth of the market is a shift from first-class seats to business-class. Airlines are preferably opting business-class seats by replacing the first-class seats. As per estimations, there has been more than 50% reduction in the number of first-class seats in wide-body aircraft over the past decade. However, they are taking the comfort of first-class seats to the next level by providing complete privacy, full bed, and full-height enclosures.
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The supply chain of this market comprises raw material suppliers, cabin upgrade component manufacturers, cabin upgrade service provider, MRO companies, aircraft OEMs, airlines, and leasing companies. Some of the major cabin upgrades companies are AAR Corp, Air France Industries and KLM Engineering & Maintenance, Boeing Global Services, Diehl Aviation Laupheim GmbH, Jet Aviation AG, Lufthansa Technik AG, SR Technics, and Singapore Technologies Engineering Ltd (ST Engineering).
Stratview Research has done a rigorous study on Aircraft Cabin Upgrades 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 Upgrades Market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
Aircraft Cabin Upgrades Market, By Aircraft Type
• Commercial 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)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades Market, By Application Type
• Interior Modifications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cabin Connectivity (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Painting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Airworthiness Directives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Avionics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades Market, By End-User Type
• Passenger Airlines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Freighter Companies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Leasing Companies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Corporate Jets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• VIP’s & Military Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Cabin Upgrades 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 (Sub-Region Analysis: Latin America, the Middle East, and Others)
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