The aircraft cabin upgrade market has witnessed the growth in the last three years owing to the demand for new aircraft globally. The end-user of the aircraft is continuously upgraded their cabin to meet the comfort also for maintaining brand image, which also demands the aircraft cabin upgrade market. Corporate jet is increasing significantly; additionally, modernization of the aircraft is also boosting demand for the aircraft cabin upgrade market.
MARKET SCOPE
The "Global Aircraft Cabin Upgrade Market Analysis to 2028" is a specialized and in-depth study of the aircraft cabin upgrade market with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft cabin upgrade market with detailed market segmentation by gear position, aircraft type, activities, aircraft users, and geography. The global aircraft cabin upgrade market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft cabin upgrade market players and offers key trends and opportunities in the aircraft cabin upgrade market.
MARKET SEGMENTATION
- On the basis of application, the market is segmented as interior, cabin connectivity, avionics, airworthiness and others.
- On the basis of aircraft type, the market is segmented as military aircraft and commercial aircraft.
- On the basis of end user, the market is segmented as passenger airlines, cargo jet companies, and military.
MARKET DYNAMICS
Drivers:
- Increasing number of commercial aircraft needs to upgrade in their technology, interiors, painting, cabin connectivity, and among others
- Heavy demand for changing in interiors
- Increasing number of end-user of aircraft
Restraint -
- High manufacturing and installation cost
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft cabin upgrade market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aircraft cabin upgrade market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT CABIN UPGRADE MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft cabin upgrade manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, which includes cutting back on MRO spending. Due to long duration of parked aircrafts, there will be an accelerated rate of aircraft retirements and more efficient and sustainable aircrafts will be deployed. Since more maintenance is required by aircrafts as they age, the replacement of older aircrafts by new ones is further affecting the aircraft cabin upgrade market.
MARKET PLAYERS
The reports cover key developments in the aircraft cabin upgrade market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft cabin upgrade market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft cabin upgrade market. Below mentioned is the list of few companies engaged in the aircraft cabin upgrade market.
The report also includes the profiles of key aircraft cabin upgrade market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AAR Corp
- Air France Industries
- Airbus SAS
- Boeing Global Service
- Diehl Aviation Laupheim
- Hong Kong Aircraft Engineering Company
- Jet Aviation AG
- Lufthansa Technik AG
- SR Technics
- Turkish Technic
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.