Aircraft Seating Market to Witness the Highest Growth in North America Region by 2026

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The report "Aircraft Seating Market by Class
(Business, First, Premium Economy, and Economy),
Type (9g and 16g), End Use (OEM, Aftermarket, and
MRO), Aircraft Type (NBA, WBA, VLA,
RTA and Business Jets), Materials, Components,
and Region - Global Forecast to 2026", size is
projected to grow from USD 4.1 billion in 2020
to USD 5.8 billion by 2026, at a CAGR of
5.8 from 2020 to 2026. The market is driven by
various factors, such as the growing demand for
seats installed with IFEC systems, increasing
number of premium economy seats, and maintenance
retrofitting of existing aircraft. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id906 Key Market Players The
aircraft seating market includes major players
Safran (Zodiac Aeropsace) (France), Collins
Aerospace (US), Geven S.p.A. (Italy), RECARO
Aircraft Seating (Germany), and HAECO (Hong
Kong). These players have spread their business
across various countries includes North America,
Europe, Asia Pacific, Middle East, Africa, and
South America. COVID-19 has impacted their
businesses as well. Industry experts believe
that COVID-19 could affect aircraft seating
production and services by 710 globally in
2020. Based on end use, the OEM segment is
expected to lead the aircraft seating market
share during the forecast period. The OEM segment
is expected to be the largest market by value.
The growth of the OEM segment of the aircraft
seating market can be attributed to the growing
demand for seats installed with IFEC systems,
increasing number of premium economy seats. WBA
segment is estimated to be the fastest-growing
market Based on aircraft type, the wide body
aircraft segment is projected to be the highest
CAGR rate for the aircraft seating market during
the forecast period. The demand for interiors in
wide boy aircraft is comparatively more than
narrow body aircraft and regional transport
aircraft as there is more space to install wide
seats and other cabin interior products. Major
airlines operating wide body aircraft are
focusing on upgrading their interiors to the
latest technologies. Based on the seat type, the
16G segment is expected to lead the aircraft
seating market share during the forecast period.
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The 16G segment is estimated to have the largest
market share by value. According to the Federal
Aviation Administration (FAA), passenger aircraft
should have seats capable of withstanding 16
times the force of gravity to increase the
chances of survivability of passengers and
flight attendants in case of accidents. New seats
undergo a series of tests to determine their
strength, similar to crash tests which have to
meet FAA safety standards. The market for
aircraft seating in the Asia Pacific is projected
to grow at the highest CAGR rate during the
forecast period Asia Pacific is projected to be
the highest CAGR rate for the aircraft seating
market during the forecast period. The growth of
this region is attributed to the countries in
this region upgrading their capabilities by
undertaking developments in the field of
aircraft seating, thus offering a significant
opportunity for OEM manufacturers to expand
their businesses. The projected rise in GDP
during the next 10 years in emerging economies
such as China present significant potential for
the market. China, in recent times, has
attracted significant foreign investments due to
stable growth and robust developments in the
economy. The Civil Aviation Administration of
China (CAAC), Directorate General of Civil
Aviation of India, and the Australian Transport
Safety Bureau (ATSB) are among the regions
regulatory bodies that ensure adherence to
safety rules and air travel regulations within
their respective countries. The leading
manufactures of aircraft seats in the Asia
Pacific include JAMCO Corporation (Japan) and
AirGo Design (Singapore), among others which
cater to the Asian market. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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