Middle East & Africa Commercial Aircraft Cabin Interior Market - Growth, Trends, and Forecast (2018 - 2023)
The Middle East & Africa commercial aircraft cabin interior market is anticipated to register a CAGR of 7% over the forecast period 2018 - 2023. A commercial aircraft cabin interior generally consists of lights, seats, windows, windshields etc. The design of the lights and seats, color combinations, and other value add-ons boost the overall look of an aircraft's interior.
INCREASE IN AIR PASSENGER TRAFFIC
The past four years have seen a steady growth in air passenger traffic which will drive the market for the Middle East & Africa aircraft cabin interiors, as there is an increased demand for facilities, such as, IFEC (In-flight Entertainment and Communication), seating, and other miscellaneous products and services.
According to IATA (International Air Transport Association), the Middle Eastern air passenger traffic saw an increase of 9.1% in 2016. Airlines based in North Africa faced a lot of challenges in the first half of 2018. African Airlines witnessed a rise of 7.5% in traffic as compared to 2016 which shall propel the growth in the Middle East and African region. The African air passenger traffic achieved an annual compound growth rate of 7.2% with the markets of Sierra Leone, Benin, Mali, Rwanda, Togo, Uganda, Zambia, Senegal, Ethiopia, Ivory Coast, Tanzania, Malawi, Chad, Gambia and Mozambique growing at a steady pace. According to IATA (International Air Traffic Association), the African market shall witness a growth of 5.9% with the Middle East and Africa growing by 5% by 2036. The African market shall witness an extra 274 million passengers a year for a total market of 400 million passengers whereas the Middle East market shall witness an additional 322 million passengers a year on routes to and from the region by 2036.
Key Developments in the Market:
November, 2017: The Company Bombardier has announced that the Middle Eastern region shall take delivery of 450 new 60-150 seat aircraft by 2036.
March 2018: Emirates have announced their new class of Business class cabin and configuration on its Boeing 777-200 LR aircraft. Emirates have invested over USD 150 million to refurbish the 10 existing 777-200 LR aircraft in its fleet.
Major Players: DIEHL AEROSYSTEMS, GREENLINE INTERIORS, C&D ZODIAC, B/E AEROSPACE, THALES GROUP, THOMSON AERO SEATING, REGENT AEROSPACE, HONEYWELL AEROSPACE AMONGST OTHERS.
Reasons to Purchase this Report
1. Provides latest insights into the Middle East & Africa commercial aircraft cabin interior market
2. Analyzing various perspectives of the market with the help of Porter’s five forces analysis
3. Detailed analysis on the region expected to witness fastest growth in the market
4. Identify the latest developments, market shares, and strategies employed by the major market players
5. 3 months analyst support along with the Market Estimate sheet (in excel)
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