Aircraft Cabin Interior Market size is expected to reach USD 41 Million by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of aircraft cabin interior was over USD 21 Million. The market is expected to exhibit growth based on the fact that international air travel is estimated to increase with the decrease in travel restrictions throughout the globe.
The interior of an aircraft cabin is made up of several components that provide the cabin with relevant aesthetic and structural views. The inside of the aircraft cabin is designed so that passengers can travel in comfort and convenience throughout their journey. The global aircraft cabin interior market is expected to expand in the coming years as airlines recover from the damaging impact of COVID-19. According to the US Bureau of Statistics, Department of Transportation, in 2021, US flights transported 674 million passengers, an increase of 82.5% over 369 million in 2020. In 2021, total passengers in the United States were 27.3% lower than in 2019. Enplanements for domestic flights in 2021 totaled 612 million, with international flights totaling 62 million.
Growth Drivers
Recovering Airline Industry Post-Pandemic- As the industry recovers from its losses of USD 11 billion, which have already declined by 2 billion to reach USD 9 billion. This represents a significant improvement over setbacks of USD 137 billion in 2020 and USD 41 billion in 2021.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~ USD 21 Million |
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Forecast Year Market Size (2033) |
~ USD 41 Million |
Aircraft type (Narrow Body Aircraft, Wide Body Aircraft, Large Body Aircraft)
The global aircraft cabin interior market is segmented and analyzed for demand and supply by aircraft type into narrow body aircraft, wide body aircraft, and large body aircraft. Amongst these, the large body aircraft segment is anticipated to garner the largest revenue by the end of 2033, backed by the rising prevalence of commercial domestic and international flights, worldwide. With the airline industry recovering, it is estimated that by 2027, there will be over 35000 commercial aircraft in the air, making large body, commercial aircraft the largest sector share holder.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Aircraft Type |
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By End-User |
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Regionally, the global aircraft cabin interior market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is expected to grow the most over the forecast period, owing to rising demand for new aircraft, constant replacement of ageing fleet, and the strong presence of significant players in the region. However, the Asia Pacific market is also expected to grow at a good rate during the forecast period, owing to rising demand for quality aircraft and the region's intensifying renovation of the aviation industry. Furthermore, rapid expansion and rising aircraft expenditure in China and India are expected to propel aircraft cabin interior market growth in the future. For instance, China's industrial production increased by over 4% year-over-year in August 2022.
Author Credits: Ipsheeta Dash, Sadaf Naaz
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