Commercial Aircraft Cabin Interior Market – Overview
The commercial aircraft cabin interior market has registered a significant growth period in the past few years. Market Research Future, a firm which specializes in market reports related to the aerospace sector among others, published in its recent report on Commercial Aircraft Cabin Interior Market Research Report - Global Forecast to 2021, that the sector while growing at a 11% CAGR rate will register an unparallel growth performance in the forecast period.
Growth of fleet sizes fuelled by increasing passenger traffic has been instrumental to the growth of the commercial aircraft cabin interior market. There has been a significant rise in the level of investments from airlines in terms of cabin interior products so as to increase the comfort and luxury quotient of their service offering. Passenger comfort has been one of the key factors for the changes that are now transforming the commercial aircraft cabin interior market. Demand for light weight and fuel efficient aircrafts are also responsible for the uptick in the demand curve of the market. In-flight entertainment incorporation in aircraft cabin interior designs has also increased the appeal of the market. Technological shift and the intricacy level in retrofitting aircraft interiors are the main challenges that can hamper the growth rate of the market.
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Latest Industry News:
April 2017 Rockwell Collins, Inc. announced that it has successfully completed the acquisition of B/E Aerospace, a leading manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including debt assumed. Rockwell Collins now has nearly 30,000 employees and pro forma annual revenue in excess of $8 billion based on calendar year 2016 results. This advances the company’s global growth strategy by expanding its previous focus on cockpit, cabin management, communication and connectivity solutions, and diversifies its product portfolio and customer mix.
Sep 2017 United Technologies Corp. and Rockwell Collins, Inc. announced recently that they have reached a definitive agreement under which United Technologies will acquire Rockwell Collins for $140.00 per share, in cash and UTC stock. This acquisition will add tremendous capabilities to our aerospace businesses and strengthens the complementary offerings of technologically advanced aerospace systems.
Nov 2017 Singapore Airlines (SIA) has picked Airbus to provide cabin retrofit services for 14 A380s now in service with the carrier. The retrofit program, which SIA Engineering will undertake in Singapore, will see the airline’s recently launched cabin products installed on the aircraft. Schedules call for the new cabin products to debut on five new A380s delivered this year and next year.
Nov 2017 Boeing’s airline customers can now order new aircraft with custom-made interior monuments from Nordam. The Tulsa-based aerospace manufacturer has received permission from Boeing to work with airline customers in designing, engineering, manufacturing and certifying the interior pieces for 737, 747-8, 767, 777, 77-X and 787 aircraft. Nordam initiated the formal process to seek Boeing offerability in 2016 and created a prototype monument, which was put through testing and certification.
June 2017 Rockwell Collins and Comlux have signed a global cooperation agreement to supply cabin solutions for Comlux VIP cabin completions. This is the first program combining Rockwell Collins’s Commercial Systems, Information Management Services and the Interior Systems business it added with the purchase of B/E Aerospace in April. Under the agreement, Rockwell Collins is providing its Venue cabin management system, VIP seating, divans, Nano 3X interior lighting and optional Inmarsat Jet Connex high-speed satellite communications system.
Commercial Aircraft Cabin Interior Market - Competitive Analysis
With the entry of new industry players in the commercial aircraft cabin interior segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The leading market players in the global Commercial Aircraft Cabin Interior Market primarily include B/E Aerospace, Diehl Aerosystems, Honeywell International, Thales,. Some of the other key players in the segment are Zodiac Aerospace, Aviointeriors, GKN Aerospace, Panasonic Avionics, Recaro Aircraft Seating, and Recaro Aircraft Seating Gmbh & Co. Kg.
Commercial Aircraft Cabin Interior Market – Segments
The global commercial aircraft cabin interior market has been divided into product types, aircraft types, fit and region.
On The Basis Of Product Types: Seating, Lighting, Windows & Windshield, Galley and Lavatory
On The Basis Of Aircraft Types: Wide Body and Narrow Body
On The Basis Of Fit: Line Fit and Retro Fit
On The Basis Of Region: North America, Europe, Asia-Pacific, Middle East & Africa and Latin America
Commercial Aircraft Cabin Interior Market - Regional Analysis
The commercial aircraft cabin interior market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2015, there were around 22,000 aircraft in service, majority of them from North America. This figure is likely to double in the next 20 years to reach around 40,000 aircraft. Improved affordability and accessibility will stimulate demand for air travel in established markets and meet the emerging travel needs of the growing middle-class population in the region.