Aircraft seat market is a constantly transforming due to the fact that, the manufacturers are innovating lightweight, tough, and durable seat for commercial and military fixed wing aircrafts as well as rotary wing aircrafts. The aircraft seat market is concentrated with several well established players across the globe, and is continuously witnessing the emergence of newer players is different geographies. Pertaining to the fact that, air travel is exponentially growing around the world, which is pressurizing the commercial airlines to procure more aircrafts, which is facilitating the manufacturers in aircraft seat market to proliferate easily.
MARKET SCOPE
The "Global Aircraft Seat Market Analysis to 2028" is a specialized and in-depth study of the aerospace seating industry with a focus on the global market trend. The report aims to provide an overview of global aircraft seat market with detailed market segmentation by aircraft class, components, fit type, aircraft type and geography. The global aircraft seat market is expected to witness high growth during the forecast period. The aircraft seat market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? On the basis of aircraft class, the market is segmented as first class, business class, premium economy class, and economy class.
? On the basis of components, the market is segmented as seat actuators, and foams & fittings.
? On the basis of fit type, the market is segmented as linefit, and retrofit.
? Based on basis of aircraft type, the market is commercial, and miltary.
MARKET DYNAMICS
Drivers:
? The airlines, and helicopter operators are increasingly focusing towards enhancing the customer experience, and seating is a major concern to enhance customer experience.
? The movement of military personnel through air has increased considerably over the years, which is substantially bolstering the military transport aircraft procuring.
Restraints:
? High cost and regulations associated with the installation of aircraft seat
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), Middle East and Africa (MEA), South America. The Aircraft Seat 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 trends. The report also provides exhaustive porter's five forces analysis affecting the Aircraft Seat market.
IMPACT OF COVID-19 ON AIRCRAFT SEAT MARKET
The COVID-19 outbreak has caused a slew of problems for the aircraft industry. Even though the business was not severely harmed, it still faced several economic issues as a result of the COVID-19 outbreak. The aircraft industry has been hammered hard around the world since the pandemic began. Air travel is viewed as the most vulnerable to external factors such as oil crises, natural disasters, armed conflicts, terrorist attacks, economic recessions, and disease outbreaks when compared to all other sectors of the economy. The virus's spread is expected to wreak havoc on the market in 2020, although production factories have already been shut down as a result of the shutdown. Many developing economies are on the cusp of entering a period of recession, resulting in a full loss of demand. In 2020, a decline in demand for aircraft seats had a direct detrimental influence on the market. However, demand in the worldwide aircraft seat market is expected to increase significantly from 2021 onwards, as the industry's output has begun to pick up steam following the difficult phase of COVID-19. By 2035, the number of air passengers is predicted to grow at a rate of 4.5 percent per year, necessitating the purchase of 33,000 additional commercial aircraft, according to the Airbus Group. In addition, the Uber Elevate project was expected to launch in Los Angeles, Dallas, and Melbourne in 2023 before the Covid-19 impact. Uber Elevate will be offering two business models
? Uber Air and Uber Copter. The emergence of the UAM platform is expected to create a new opportunity for the aircraft seat market during the forecast period (2022-2028).
MARKET PLAYERS
The report covers key developments in the Aircraft Seat 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Seat market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Seat in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Seat market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Safran S.A.
? Acro Aircraft Seating
? Thompson Aero Seating
? ZIM Aircraft Seating GmbH
? Expliseat SAS
? RECARO Aircraft Seating GmbH & Company KG
? Collins Aerospace
? Raytheon Technologies
? Hong Kong Aircraft Engineering Company Limited
? Aviointeriors S.p.A.