Middle East & Africa Commercial Aircraft Interior Market - Analysis of Growth, Trends Progress and Challenges (2018-2023)
Finaero and Greenline interiors signed an MOU to develop design, engineering, refurbishment and manufacturing activity for aircraft cabin interiors in the Middle East.
Siemens-AG and Strata will work together to develop 3D printed parts for Etihad Airways in the Middle East.
The Middle East commercial aircraft cabin interior market is expected to register a CAGR of 7.28%, to reach a market value of USD X.XX billion by 2022. Boeing and Airbus build rates have increased to a new record high, due to the demand from the commercial aerospace industry. Buoyed by the increased build rates and rising competition between airlines to retrofit their aircrafts, the commercial aircraft interior market is expected to grow at an impressive rate. The aircraft cabin interior market is one of the most dynamic sectors, with developments, such as new product sectors, innovations and entrants, occurring throughout the industry. Over the past few years, the interior market evolved, continuously, as a response to high demand. Growth is particularly strong in segments, such as seating, lighting and IFEC. The Middle Eastern travelers are among the most demanding and have high expectations regarding the standard of the aircraft interiors. Passengers expect high-quality of service and amenities when traveling and these remain the chief reasons for carriers spending large sums to improve the cabin interiors.
The Middle East has LCCs and premium full-time airlines. The full-time airlines maintain top of the class aircraft conditions and upgrade or update their aging fleet at regular intervals and retire older aircraft in short-service life. This allows the aircraft OEMs to expect a few dozen orders for new aircraft from the region. Africa, on the other hand, is troubled by the lack of freedom in landing within the African countries, for African flag carrier airlines. The reason being the lack of co-operation between governments and their strategy to protect the interests of their flag carrier airlines with tax subsidies. Open Sky initiative launched by the African continent, during 2010-2011, has seen very few takers, allowing international airlines to exploit this region. LCCs from Europe and South Africa, such as Mango, Kulula, FlySafair and Fastjet, are a few of the major market shareholders in the region.
Middle East & Africa Commercial Aircraft Interior Market Share, by Type, 2016 (in USD million)
The Middle East & Africa commercial aircraft interior market has been segmented, by the following:
Passenger Instrument Cluster
Inflight Entertainment Systems
Saudi Arabia, UAE, South Africa, Iran and others
Panasonic Avionics Corporation
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