Aircraft Seating Materials Market Projected To Raise At USD 6.63 Billion By 2030

 San Francisco, 15 Oct 2024: The Report Aircraft Seating Materials Market Size, Share & Trends Analysis Report By Material Type, By Aircraft, By Application, By End Use, By Region, And By Segment Forecasts, 2024 - 2030

The global aircraft seating materials market size to reach at USD 6.63 billion in 2030 and is projected to grow at a CAGR of 3.9% over the forecast period. Owing to the rise in global air travel, which is a significant driver for the market growth. According to the International Air Transport Association (IATA), global air passenger traffic is predicted to double by 2037, reaching 8.2 billion people per year. This growth in demand for air travel requires more aircraft and, consequently, more aircraft seating, propelling the need for advanced seating materials.

One of the key drivers of the market growth is the rising focus on passenger experience and customization. Airlines are increasingly recognizing the importance of offering differentiated seating options to attract and retain customers. This trend has led to a growing demand for premium seating solutions, including business and first-class seats that feature advanced materials and ergonomic designs. Innovations in in-flight entertainment systems and connectivity options further enhance the passenger experience, making modern seating solutions a crucial aspect of airline competitiveness. As a result, manufacturers are investing in research and development to create innovative seating materials that not only improve comfort but also comply with stringent safety regulations.

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The aircraft seating materials industry faces several significant restraints that could impact its growth trajectory. One of the primary challenges is the high cost of aircraft seats, which includes substantial development and manufacturing expenses. The intricate design and engineering required to meet stringent safety and regulatory standards such as crashworthiness and fire safety add to these costs, limiting the flexibility of manufacturers in terms of innovation and product introduction. In addition, the market is influenced by limited resources, particularly in terms of raw materials and skilled labor, which can hinder production capabilities and lead to delays in meeting demand.

Recent Developments

• In February 2024, Recaro Aircraft Seating was selected by Air India to supply premium economy and economy seating for its extensive fleet expansion program, which involves a record-breaking order of 470 aircraft. This partnership not only highlights Recaro's commitment to enhancing passenger comfort but also underscores the growing demand for modern seating solutions in the aviation sector
• In November 2023, Safran signed contracts worth over $1.2 billion with Emirates to equip their aircraft with advanced seating and cabin equipment, showcasing the company's innovative designs and commitment to enhancing passenger experience. This deal not only includes standard seating solutions but also access to new aircraft seat designs, indicating a trend towards customization and modernization in seating arrangements.  

Key Aircraft Seating Materials Company Insights

Some of the key players operating in the market are Raytheon Technologies Corporation, Safran, RECARO Aircraft Seating GmbH & Co. KG, ZIM Aircraft Seating GmbH, and Stelia Aerospace, among others:

• Safran SA is a prominent global high-technology group specializing in the aerospace, defense, and security sectors. Safran is particularly recognized for its innovative solutions in aircraft interiors, offering a range of seating options that cater to various classes, from economy to first class. The company also provides engineering, maintenance, repair, and overhaul (MRO) services, ensuring comprehensive support for its clients throughout the lifecycle of their products.
• In recent years, Safran has made significant strides in enhancing safety and sustainability in aviation. The company is committed to research and development, focusing on creating eco-friendly solutions that improve the passenger experience while reducing the environmental impact of air travel. Noteworthy developments include contracts with major airlines, such as the recent agreement with Japan Airlines to supply fully customized seating for their Airbus A350 fleet, demonstrating Safran's dedication to delivering high-quality, tailored solutions.
• RECARO Aircraft Seating GmbH & Co. KG is a leading global supplier of premium aircraft seats, renowned for its innovative designs and commitment to passenger comfort. RECARO specializes in manufacturing seating solutions for both business and economy classes, positioning itself as a market leader in economy class seating. The company leverages advanced manufacturing techniques and high-quality materials to produce lightweight yet durable seats that enhance the overall flying experience while contributing to fuel efficiency.

Key Aircraft Seating Materials Companies:

The following are the leading companies in the aircraft seating materials market. These companies collectively hold the largest market share and dictate industry trends.

• Raytheon Technologies Corporation
• Safran
• RECARO Aircraft Seating GmbH & Co. KG
• ZIM Aircraft Seating GmbH
• Stelia Aerospace
• Collins Aerospace
• Thompson Aero Seating
• Acro Aircraft Seating
• Expliseat
• Aviointeriors SpA
• Ipeco Holdings

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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