Evolve Business Intelligence has initiated a new market study on aircraft seating market. According to the study, The Global Aircraft Seating market is expected to be valued at $6.45billion by 2028 and is anticipated to grow at a CAGR of 6.10% from 2021 to 2028. Some of the major factor impacting the overall growth of Aircraft Seating market include, rise in urban middle class population and increase in air travel. The major factor that are restraining the growth includes stringent government regulation and certification.
According to Parimal, “the rapid spread of virus across the globe has led to the imposition of lockdown in some area. The travel activities were restricted around the globe to reduce the spread of virus. As the restriction were imposed on travel the aircraft services were halted. The production of new aircraft has reduced which has decrease the demand for aircraft seat and other aircraft components.”
Safran to hold the highest market share in Aircraft Seating
The Aircraft Seating market has witnessed several new additions to the number of players offering the product. Some of these are Safran, Collins Aerospace, Geven, RECARO Aircraft Seating GmbH & Co. KG, HAECO Americas. Safran is expected to continue hold highest market share during the forecast period.
The Aircraft Seating market report published today include market revenue generated through the sale of aircraft types such as Narrow Body Aircrafts, Wide Body Aircrafts, Very Light Aircraft, Regional Transport Aircrafts, Business Jets. The report includes the analysis of the market on the basis of class such as, Business, First, Premium Economy, Economy The report includes the analysis of the market on the basis of type such as, 9g, and 16g The report also includes the analysis of the market on the basis of Fit such as, Line Fit, and Retrofit The report also includes the analysis of the market on the basis of end use such as, OEM, Aftermarket, and MRO.