Global Aircraft Seating Market Analysis and Global Forecast 2023-2033

Aircraft Seating Market Overview

The Aircraft Seating Market Size is expected to reach USD 7.24 Billion by 2033. The Aircraft Seating industry size accounted for USD 6.89 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 30.77% from 2023 to 2033. The Aircraft Seating Market refers to the global market for aircraft seats, which includes a wide range of seating options for different aircraft types and classes. The market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for premium economy seats, the growing trend of installing IFEC systems in aircraft seats, and the increasing number of aircraft deliveries. The market is segmented by seat type, class, end-use, aircraft type, materials, components, and region. The narrowbody aircraft type segment held the largest share in 2022, and North America was the leading region in 2022.

Global Aircraft Seating Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the aircraft seating market, causing uncertainty, slowing down the supply chain, and falling business confidence. The temporary lockdown of various design, development, and manufacturing facilities limited market growth, and the focus on fighting the pandemic negatively affected demand. However, the market has seen tremendous growth post-COVID due to the regular availability of raw materials required for manufacturing. The market is expected to continue growing, with the UAM aircraft type segment expected to grow at a CAGR of 9.5% from 2020 to 2030, and the MRO use to rise at 7.9% CAGR.

Global Aircraft Seating Market Dynamics

The major factors that have impacted the growth of Aircraft Seating are as follows:

Drivers:

• Maintenance and retrofitting of existing aircraft

Multiple airlines are upgrading their aircraft seats since the old seats have become outdated. The introduction of lightweight and advanced materials for cabin seats has resulted in the upgrade to new seats. Moreover, business jet owners are increasingly personalizing their cabin seats Therefore, the maintenance and retrofitting of existing aircraft drives the growth of the aircraft seating market significantly.

Restraint:

• High Initial Costs

Aircraft seating involves high initial costs for both airlines and manufacturers. Airlines may be hesitant to invest in new seating solutions due to budget constraints or uncertainty about return on investment, especially during economic downturns or periods of low profitability.

Opportunity:

⮚      opportunities due to the rapid demand for improved technology

The market for aircraft seating is expanding rapidly as a result of the growing need for better technology in urban air mobility. The aviation sector is improving to offer safer and more comfortable travel, which is creating a lot of chances for the global market. The Aircraft Seating Market Size has enormous opportunities due to the rise of low-cost aircraft.

Aircraft Seating Market Segment Overview

By Type

Based on the Type, the market is segmented based on 9g and 16g. Seats certified under 9g can withstand forces up to nine times the force of gravity, while 16g seats can endure forces up to sixteen times the force of gravity. This segmentation caters to varying safety requirements and preferences across different aircraft and aviation regulations.

By Class

Based on Class, the market has been divided into Business, First, Premium Economy, and Economy. The premium economy class is anticipated to grow at the fastest rate among these seat-type divisions, with a solid CAGR percent. This is because the demand for the premium economy class sector has increased due to the emergence of low-cost carriers. Even so, the other seat-type groups showed consistent growth.

By End Use

Based on the End Use, the market has been divided into OEM, Aftermarket, and MRO. Original Equipment Manufacturers (OEM) produce seating during aircraft manufacturing. Aftermarket services cater to replacement and upgrade needs post-delivery. Maintenance, Repair, and Overhaul (MRO) focuses on servicing existing seating to ensure safety and compliance throughout the aircraft’s operational lifespan.

By Aircraft Type

Based on Aircraft Type, the market has been divided into Narrow Body Aircrafts, Wide Body Aircrafts, Very Light Aircraft, Regional Transport Aircrafts, and Business Jets. The wide body type is predicted to increase at the quickest rate among the aforementioned body types and is expected to reach the highest CAGR over the forecast period. Compared to other aircraft segments, wide-body aircraft have a somewhat larger need for better interiors.

By Fit

Based on Fit, the market has been divided into Line Fit and Retrofit. Both segments account significant growth rate with a decent CAGR during the assessment period.

Global Aircraft Seating Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Aircraft Seating, followed by those in Asia Pacific and Europe.

Aircraft Seating North America Market

The North American region holds a dominant position in the Aircraft Seating market. North America will continue to lead the global aircraft seating market. By 2029, North America is anticipated to have the most market shares. This is because the area is home to a sizable population of high-net-worth individuals. It is anticipated that their presence will increase demand for business class travel. Business class seating will experience a surge in demand during the forthcoming time in North America in line with market trends. Throughout the projected period of 2022–2029, these are the main factors propelling the expansion of the North American region in the worldwide market.

Aircraft Seating Asia Pacific Market

The Asia Pacific region is witnessing rapid growth and emerging as a significant market for the Aircraft Seating industry. Throughout the projection period, Asia Pacific is anticipated to grow quickly at a CAGR of xx%. The operational competence of aircraft OEMs, including Mitsubishi, is anticipated to drive the Asia Pacific market throughout the projection period. During the forecast period of 2022-2029, this is the primary element propelling the expansion of the Asia Pacific region in the worldwide market.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as SAFRAN, Collins Aerospace, Lufthansa Technik, RECARO Aircraft Seating GmbH & Co. KG, and HAECO Americas are some of the leading players in the global Aircraft Seating Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• SAFRAN
• Collins Aerospace
• Lufthansa Technik
• RECARO Aircraft Seating GmbH & Co. KG
• HAECO Americas
• Lufthansa Technik
• Stelia Aerospace
• Hong Kong Aircraft Engineering Company Limited
• Zim Flugsitz GmbH
• THOMPSON AERO SEATING LTD

Key Development:

In 2019, Thompson agreed with Swiss International Airlines AG to supply new first-class and business-class seats for the retrofit of their Airbus A340 aircraft.

Scope of the Report

Global Aircraft Seating Market, by Type

• 9g
• 16g

 Global Aircraft Seating Market, by Class

• Business
• First
• Premium Economy
• Economy

 Global Aircraft Seating Market, by End Use

• OEM
• Aftermarket
• MRO

 Global Aircraft Seating Market, by Aircraft Type

• Narrow Body Aircrafts
• Wide Body Aircrafts
• Very Light Aircraft
• Regional Transport Aircrafts
• Business Jets

 Global Aircraft Seating Market, by Fit

• Line Fit
• Retrofit

 Global Aircraft Seating Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $7.24 Billion
CAGR	30.77% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Class , End Use , Aircraft Type , Fit
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	SAFRAN, Collins Aerospace, Lufthansa Technik, RECARO Aircraft Seating GmbH & Co. KG, HAECO Americas, Lufthansa Technik, Stelia Aerospace, Hong Kong Aircraft Engineering Company Limited, Zim Flugsitz GmbH, THOMPSON AERO SEATING LTD
Key Market Opportunities	great opportunities due to the rapid demand for improved technology
Key Market Drivers	Consumer Trends and Preferences Technological Advancements

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Aircraft Seating Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Aircraft Seating market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Aircraft Seating market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Aircraft Seating Market.