Aircraft Seating Market size is projected to grow at a CAGR of more than 6.5% from 2021 to 2027

Aircraft Seating Market Size
Aircraft Seating Market size stood at more than USD 10.26 billion in 2020 and is expected to advance at a CAGR of greater than 6.5% during the forecast period of 2021-2027.

An airplane seating is a seating arrangement in an airline aimed at supporting the passengers throughout the air travel period. Such seats are usually fitted in rows in the fuselage of the plane. The growth in cabin density coupled with spatial constraints is generating a positive situation for the development of the market. The rise in importance of replacement and upgrade of aircraft seats is also driving product penetration higher.

Latest technological developments in manufacturing to enhance productivity and seating performance, based on stress and fatigue resistance, will drive the market growth during the forecast period. For example, in December 2020, Frontier Airlines announced the specifications of Recaro’s new seat with 30% weight savings compared to current seats. The new seats will have added comfort and wider tray tables than previous models and will also complete other pioneering fuel-saving initiatives by the U.S. Greenest Airline.

Aircraft Seating Market Report Attributes
Report Attribute Details
Base Year 2020
Aircraft Seating Market Size in 2020 10,264.3 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 6.5%
2027 Value Projection 16,782.9 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 425
Tables, Charts & Figures 521
Segments covered Platform, Class, Fit and Region
Growth Drivers
Increasing plane production
Improvements in technology in plane seating frames
More air passenger traffic and increasing deliveries of planes
Increased cabin renovation and refurbishment programs
Expansion in business and private aircraft demand
Pitfalls & Challenges
Steep development and maintenance expenses
What are the opportunities for growth in this market?

Aircraft Seating Market Analysis
In 2020, the fixed-wing plane segment generated a whopping $9 billion. This increase in revenue is largely being fueled by the rising number of planes being constructed to meet existing orders and declog the production line. As per the Federal Aviation Administration (FAA), the U.S. alone will see a huge rise in the number of fixed-wing aircraft, including turbo props and turbo jets. By 2038, the figure of the turbo props will go up from 9,369 to 12,855 while the figure of the turbo jets is expected to go up from 11,484 to a staggering 22,195. Airlines are also redesigning their seating capacity, incorporating extra seats to accommodate increased demand and reduce passenger crowding. Most of the plane makers are also introducing wide-body planes. For instance, in October 2017, Airbus rolled out its revolutionary A330-900 Neo wide-body plane. The plane has more spacious seating and a more comprehensive overall cabin experience. Demand for aircraft seats is also spurred by the inclusion of advanced technology. High-end upholstery, enhanced retraction mechanisms, thigh support, and adjustable adjustment levels are some of the features driving aircraft seat popularity.

The military helicopters segment will see approximately a 5% growth rate for rotary wing aircraft seating market by 2027 due to the growing need for military helicopters to transport troops and cargo. Improvements in seat technology with higher structural strength are impacting industry growth. As an example, Zvezda Research and Production Enterprise created a new ejection seat system for attack helicopters to ensure greater crew protection. Since ejector seats are now a new concept in helicopters, forces from all over the world are pondering the idea in order to bring more safety for the crew in the time of accidents, hence fueling demand.

The economy class segment is expected to capture about 40% of market share by 2027 because of the increasing domestic and international air travel. As per ICAO, scheduled passengers are expected to increase to around 10 billion by 2040 from 4.5 billion in 2019. The aviation industry reflected a remarkable fall in international air passenger traffic in 2020 due to limited air travels according to the COVID-19 regulations. Increasing airplane deliveries with upgraded seating configurations offering maximum cabin space area and ample legroom will largely drive the industry growth during the forecast period.

Prepare for a luxury boost! Airplane seating’s first-class section is taking off, hitting a whopping $2 billion by 2027. Why the boom? Airlines are finding that treating their flyers like royalty pays dividends in spades. Travelers are hungry for comfort and predictability, and carriers are answering by extending the red carpet. But what’s fueling the need for the highest level of air travel? It’s the increasing number of billionaires and millionaires around the globe. They’re the ones happy to shell out big bucks for an upscale experience that, let’s be realistic, includes some very nice benefits. Imagine reclining chairs that feel more like a soft bed and your own little spot where you can stretch out and unwind. As airlines stand to gain from more profits, they’re investing in the newest and best technology so first-class seats are well worth the expense. It’s about ensuring that you have an unforgettable flight experience, and they’re not sparing anything when it comes to luxuries.

Aircraft Seating Market Share

The market is highly consolidated with major five players accounting for nearly more than half of the global industry. Many aircraft seating manufacturers are adopting various tactical initiatives, such as mergers, acquisitions, and production capacity expansion, to tap additional revenue share and increase their business output.

Some of the key manufacturers of the industry are

• Acro Aircraft Seating
• Collins Aerospace
• Jamco Corporation
• Martin-Baker Aircraft Co., Ltd.
• Recaro Aircraft Seating
• Safran SA
• Stelia Aerospace
• Thompson Aero Seating Ltd.
• Aviointeriors SpA
• Airgo Design Pte Ltd.
• Embraer S/A.