The prospects of aircraft cabin upgrades market seem attractive and offer favorable growth opportunities for the market stakeholders in the foreseen future. The global aircraft cabin upgrades market is projected to grow at a healthy rate over the next five years to reach US$ 8,926.2 million in 2023. There are several factors collectively driving the demand for cabin upgrades in the aircraft industry.
Introduction of advanced aircraft is the biggest growth driver of the aircraft cabin upgrades market. The latest fuel-efficient variants, such as A320neo, B777x, and B737 Max, have an exceptional interior with an excellent use of space to squeeze the number of seats. This is compelling airlines and leasing companies to upgrade their existing aircraft fleet to provide a uniform feel and to maintain the brand image across their fleet.
Another factor driving the growth of aircraft cabin upgrades is advancement in products/technologies. Aircraft OEMs are introducing upgraded products/technologies in order to provide maximum comfort to the passengers. Large overhead bins, new connectivity systems, and compact slim seats are some of the noticeable advancements in the market. Airlines and leasing companies are increasingly preferring these advancements and are incorporating these in their existing aircraft fleet. For instance; both, Boeing and Airbus, have introduced large overhead bins for their B737 max and A320neo, respectively.
The supply chain of this market comprises raw material suppliers, cabin upgrade component manufacturers, cabin upgrade service provider, MRO companies, aircraft OEMs, airlines, and leasing companies. Some of the major cabin upgrades companies are AAR Corp, Air France Industries and KLM Engineering & Maintenance, Boeing Global Services, Diehl Aviation Laupheim GmbH, Jet Aviation AG, Lufthansa Technik AG, SR Technics, and Singapore Technologies Engineering Ltd (ST Engineering).
The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porterís five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors
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