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The commercial aircraft cabin interior market has registered a significant growth period in the past few years. Market Research Future, a firm which specializes in market reports related to the aerospace sector among others, published in its recent report on Commercial Aircraft Cabin Interior Market Research Report - Global Forecast to 2021, that the sector while growing at a 11% CAGR rate will register an unparallel growth performance in the forecast period.
Growth of fleet sizes fuelled by increasing passenger traffic has been instrumental to the growth of the commercial aircraft cabin interior market. There has been a significant rise in the level of investments from airlines in terms of cabin interior products so as to increase the comfort and luxury quotient of their service offering. Passenger comfort has been one of the key factors for the changes that are now transforming the commercial aircraft cabin interior market. Demand for light weight and fuel efficient aircrafts are also responsible for the uptick in the demand curve of the market. In-flight entertainment incorporation in aircraft cabin interior designs has also increased the appeal of the market. Technological shift and the intricacy level in retrofitting aircraft interiors are the main challenges that can hamper the growth rate of the market.
Commercial Aircraft Cabin Interior Market Size
Latest Industry News:
April 2017 Rockwell Collins, Inc. announced that it has successfully completed the acquisition of B/E Aerospace, a leading manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including debt assumed. Rockwell Collins now has nearly 30,000 employees and pro forma annual revenue in excess of $8 billion based on calendar year 2016 results. This advances the company’s global growth strategy by expanding its previous focus on cockpit, cabin management, communication and connectivity solutions, and diversifies its product portfolio and customer mix.
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