PUBLISHER: Grand View Research | PRODUCT CODE: 1575270
PUBLISHER: Grand View Research | PRODUCT CODE: 1575270
The global aircraft seating materials market size was estimated at USD 5.09 billion in 2023 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.
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.
Global Aircraft Seating Materials Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global aircraft seating materials market report based on material type, aircraft, application, end use, and region: