Aircraft Seating Market by Aircraft Type

Aircraft Seating Market by Aircraft Type - 2021

(I-TravelNewswire.Com, May 23, 2018 ) The global aircraft seating market is projected to grow from USD 8.74 Billion in 2016 to USD 16.94 Billion by 2021, at a CAGR of 14.15% from 2016 to 2021.

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On the basis of seat class, the business segment dominates the global aircraft seating market with the largest market share and is expected to continue its dominance over the next five years. The demand for business class seats is primarily driven due to the significant increase in air travel globally. The premium economy class segment is expected to grow at the second highest CAGR during the forecast period.

The VLA segment of the global aircraft seating market is expected to grow at the highest CAGR during the forecast period. It is expected to dominate the market due to the growing prominence of advanced and comfortable aircraft seat design in the very large aircraft.

The aviation industry in the Asia-Pacific region has been witnessing strong growth over the past few years. This growth, which is mainly driven by the increasing demand for new aircraft deliveries and increasing air traffic in this region, is expected to boost the global aircraft seating market. The aviation industry’s growth can also be attributed to the increase in trade & tourism, as well as the increasing disposable incomes of the middle class population in emerging economies, such as India and China.

Key players in the global aircraft seating market include B/E Aerospace, Inc. (U.S.), Zodiac Aerospace (France), RECARO Aircraft Seating GmbH & Co. KG (Germany), Aviointeriors S.p.A. (Italy), Acro Aircraft Seating (U.K.), Thompson Aero Seating Ltd. (U.K.), and ZIM Flugsitz GmbH (Germany), among others

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