Asia Pacific Commercial Aircraft Cabin Interior Market - Analysis, Trends and Challenges (2018-2023)
The Asia Pacific Commercial aircraft cabin interior market is expected to grow at a CAGR of 8.21% and grow to a market size of $ X.XX billion by the year 2020. Asia Pacific region will register the fastest rate of growth in the market. The major factor for the high rate of growth in the region is the large order of aircraft made and the fast growing retrofit market in the region. This region put up one of the largest orders ever recently with Indigo making an order for 250 A 320 Neo jets.
The In Flight entertainment systems market will show the highest growth rate in the Asia Pacific region due to the fact that Entertainment systems are not standard in most of the domestic airlines in the region especially the developing markets like India. But it is expected that as the market matures, the use of in flight Entertainment systems will become the norm and the full service airlines will retrofit such systems in their aircraft.
Markets like Singapore and China are experiencing a rise in Business and First Class travel and some flights are will now start with these two passenger classes only. This trend will lead to the growth in the Aircraft Seating Market as the seats for business and first class are of every high value and offer high margins to the suppliers. Some of the seats used in first class cabins can cost upwards of $450,000.
The overall market is in a high growth face, but the economic slowdown seen in China, which is the biggest aviation market, could potentially limit the growth of the market. Also infrastructure is a minor issue in some of the fastest growing countries, and if that remains unresolved, then the growth of the market could be limited.
Elan Aircraft Seating, Panasonic Avionics Corporation and Elan Aircraft Seating are some of the important players in the market. The Asia Pacific commercial aircraft cabin interior market has been segmented by product type (Seats, Passenger Instrument Cluster, inflight entertainment systems cabin lighting and others), by aircraft class (Economy Class, Business Class, First Class, Others), by fit (Line Fit and Retro Fit), and by Geography (Australia, China, India, Japan and Rest of Asia Pacific).
What the report offers
Market analysis for the Asia Pacific Commercial Aircraft Cabin Interior Market specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Asia Pacific Commercial Aircraft Market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped