Global Aircraft Seating Market Research Report: Forecast (2024-2030)

Market Insights & Analysis: Global Aircraft Seating Market (2024-30):

The Global Aircraft Seating Market size is valued at USD 7.62 billion in 2023 & is estimated to grow at a CAGR of around 7.14% during the forecast period, i.e., 2024-30. The factors that are positively influencing the market growth are the rising travel activities via commercial aircraft, the increasing production of airplanes, and the growing popularity of urban mobility.

In recent years, there has been a surge in tourism across the Globe due to the rising net disposable income of individuals. Based on the statistics by the World Tourism Organization (WTO), in 2023, international tourism receipts reached approximately USD1.4 trillion and an estimated 1.3 billion international arrivals were recorded across the globe. The majority of the population preferred to travel to abroad locations by plane since they are more convenient and reach the destination in a shorter time compared to the other means of transportation. According to the Airport Council International (ACI), in 2023, the global air passenger volume reached approximately 8.6 billion, which is about 94% of the pre-pandemic levels. This increase in air travel is necessitating the flight operating companies to add new fleets, resulting in the higher demand for the 9G, 16G, and 21G seats and uplifting the Global Aircraft Seating Market.

Additionally, there has been a surge in the ownership of private jets due to the rising VIP and celebrity culture. According to the Sierra Club, the number of flying activities via private jets increased by 10% in 2022 and the number of private jets in the US is about 15,000. This increasing inclination of consumers to fly separately is enhancing the demand for private jets. As a result, top companies are ramping up their production of charter planes, enlarging the Global Aircraft Seating Market size.

Furthermore, the top aircraft manufacturers are increasingly working on developing new and advanced planes that have relatively less weight. In addition, they are also looking out for the material that helps in fuel efficiency. As a result, they are actively seeking components that are made up of light materials and provide superior quality. Hence, they are shifting towards sheepskin cover which provides superior comfort and is resistant to heat, leading to market growth.

Moreover, the leading companies are increasingly investing in R&D to manufacture double-decker seats to offer consumers more space and ease the sleeping arrangements for the passengers. For instance, in 2024, Air New Zealand launched a bed bunker aircraft seat zone which would help the consumers to have a comfortable long journey. These newly introduced seats would further gain the attention of the end-users, as a result, several aircraft manufacturers would continue to use these types of seats in their planes, enhancing Global Aircraft Seating Market growth.

Global Aircraft Seating Market Driver:

Increasing Aircraft Production to Support Market Growth – The majority of the airlines have aged aircraft due to the longer aircraft delivery period and lack of substantial funds. Based on the research it is found that the average of the popular airline, like Allegiant Air and Delta Air Lines, is 19.8 years and 17 years respectively. These aging aircraft are less fuel efficient and require frequent maintenance to ensure smooth functioning. Therefore, these airlines are increasingly purchasing new commercial planes. For instance, in 2024, Indigo, a leading aviation company, announced to add approximately 500 new planes during 2024-2030. Thus, to cater to the growing demand arising from the flight operating companies, the aircraft manufacturers are ramping up the production of the airplanes. Consequently, this surge in manufacturing is leading to an increase in the need for the seat and other essential components, driving the Global Aircraft Seating Market.

Global Aircraft Seating Market Challenge:

Complex Certification Requirement & Operational Issues Hinders Market Growth – Official Authorities are increasingly laying stricter regulations and standards for aircraft makers to ensure the safety of the passengers. These governing bodies have even set severe requirements for the components such as the electrical fittings and actuators. Therefore, the new components designed by the manufacturer must undergo the testing and approval phase. This process is complex and takes time owing to which the aircraft manufacturers rely on the conventional components and do not rapidly replace their parts. Additionally, the top companies are facing supply chain issues and a shortage of small raw materials, which is impeding the production of the seats and leading to delays in deliveries. Thus, these operational challenges faced by the market players are slowing down the market growth.

Global Aircraft Seating Market Trend:

Growing Inclination Towards Urban Air Mobility – Consumers nowadays are shifting towards faster intercity transportation to minimize the time spent in traffic. As a result, flight operators are increasingly planning to provide air taxi services to consumers. For instance, InterGlobe Enterprises announced to launch of electric air-taxi services in India which would help consumers reach from one city to another in just 7 minutes.

Additionally, several travel agencies and tourist destinations are already providing similar services to travelers to help them in exploring the cities via helicopters. In India, the Rajasthan Tourism Development Board partnered with the A1 Helicopter Service Provider to offer foreign as well as domestic tourist helicopter joyrides. This preference towards faster mobility solutions is enhancing the requirement for smaller aircraft, consequently supporting the Global Aircraft Seating Market.  

Global Aircraft Seating Market (2024-30): Segmentation Analysis

The Global Aircraft Seating Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the regional levels. Based on the analysis, the market has been further classified as:

Based on Aircraft Type:

• Narrow Body Aircraft (NBA)
• Wide Body Aircraft (WBA)
• Very Large Aircraft (VLA)
• Business Jets
• Regional Transport Aircraft (RTA)

Of them all, Wide Body Aircraft (WBA) holds a noteworthy market share in the Global Aircraft Seating Market. These aircraft usually have around seating capacity of around 200-600, relatively higher than the capacity offered by the Narrow Body Aircraft (NBA) and Business Jets. Therefore, the elevated demand for the seats arises from this type of aircraft. Moreover, these aircraft carry more passengers at a time, making them a more favorable fleet choice for airline operators. Thus, to cater to the growing demand for air travel, the leading airline companies are actively ordering the WBA. In 2023, Air India Group placed an order of around 470 planes and IndiGo invested around USD 5 billion to purchase WBA. This is consequently leading to the mounting fabrication of WBA aircraft, enlarging the Global Aircraft Seating Market.

Based on End User:

• OEM
• Maintenance, Repair, and Overhaul (MRO)
• Aftermarket

Among them, OEM holds a prominent market share in the Global Aircraft Seating Market. Aircraft manufacturers are increasingly developing next-generation aircraft with advanced capabilities. These aircraft incorporate different technologies that ease the aircraft control functions for the pilots. As a result, flight operating enterprises are seeking these planes to provide better air travel experiences to consumers. Along with it, the pollution caused by the aircraft is also elevating, which is resulting in human health deterioration. Therefore, aircraft makers are actively transitioning towards sustainability and are developing electric planes. These planes have requirements for unique seating materials & related components to ensure the weight of the airliner remains in the desired range. Thus, the necessity for the seating would continue to witness growth in the forecast years, escalating market growth.

Global Aircraft Seating Market (2024-30): Regional Projection

Geographically, the Global Aircraft Seating Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, North America holds a dominant market share in the Global Aircraft Seating Market. North American countries have emerged as popular traveling destinations owing to which these nations welcome millions of inbound tourists. The increase in arrival of the travelers through flights is leading to the extensive utilization of planes. Therefore, there are more wear & tear possibilities of the aircraft seats and hence the airline operators in the region ensure that the aircraft undergo maintenance and retrofitting of the seats to provide a relaxed air travel experience to the consumers. Moreover, the North American nations have the manufacturing units & the headquarters of several leading aircraft manufacturers. Therefore, there is a consistent demand for essential products, like seats required to develop commercial & business planes.

Global Aircraft Seating Industry Recent Development:

• 2024: Collins Aerospace: Launched, Helix, a next-generation main cabin seat for the narrow-body aircraft.
• 2023 Years: Zodiac Aerospace (Safran): The company was awarded a contract to provide premium economy and economy class seats for the aircraft of Emirates Airlines.

Gain a Competitive Edge with Our Global Aircraft Seating Market Report

• Global Aircraft Seating Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Aircraft Seating Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.