Aircraft Interiors Market To Grow By $1 Billion In Next Six Years

A “perfect storm” of forthcoming new airplanes, rapid advancements in cabin-related technologies, and increased passenger expectations for comfort and customization is driving a wave of investments in commercial aircraft cabins.

The aircraft cabin upgrade market has witnessed the growth in the last three years owing to the demand for new aircraft globally. The end-user of the aircraft is continuously upgraded their cabin to meet the comfort also for maintaining brand image, which also demands the aircraft cabin upgrade market. Corporate jet is increasing significantly; additionally, modernization of the aircraft is also boosting demand for the aircraft cabin upgrade market.

The increasing number of commercial aircraft needs to upgrade in their technology, interiors, painting, cabin connectivity, and among others, which directly raise demand for the aircraft cabin upgrading. It is one the major factor for the market player of the aircraft cabin upgrade market. The heavy demand for changing in interiors is also boosting the need for aircraft cabin upgrade market. The manufacturing and installation cost is the key hindering factor for the growth of the aircraft cabin upgrade market. An increasing number of end-user of aircraft have also propelled the growth of the aircraft cabin upgrade market.

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A “perfect storm” of forthcoming new airplanes, rapid advancements in cabin-related technologies, and increased passenger expectations for comfort and customization is driving a wave of investments in commercial aircraft cabins. Today you can throw a dart at a list of airlines and hit one either in the process of updating its cabins or just finished with a major interior renovation.

Boeing’s 2014 Commercial Market Outlook forecasts demand for 36,770 new airplanes between now and 2033. Of those, it projects 15,500 (42% of new deliveries) will replace older, less efficient airplanes, while the remaining 21,270 will be used for fleet growth. With so many new airplanes—that have brand-new cabins—coming online, the interiors market is in part being driven by airlines seeking to bring current fleets to the standards of forthcoming planes, which will feature the latest cabin-lighting technology, seat design and inflight entertainment (IFE), along with larger overhead bins and an overall feel of being sleek and modern.

Air Canada’s 777 conversion will introduce a premium economy class and an international business-class cabin refurbished to the 787 standards, including 180-deg. lie-flat seats. All seats will include enhanced-definition touchscreens, power outlets and USB ports. The 777-300s will gain 51 seats and the 777-200s 30. Smith says the reconfiguration project is planned for completion in the second half of 2016 and expected to cost about $300 million, which the carrier anticipates earning back in less than three years.

Lufthansa’s new premium economy, a separate compartment between the business and economy cabins, will contain 21-52 seats, depending on the aircraft type. In all, 3,600 seats will be installed on 106 long-haul aircraft, enabling the airline to carry more than 1.5 million passengers per year in the new class. “The seats offer up to 50% more room than economy class and will position us in a premium segment within the international competitive environment,” Bischof said at the roll-out.

Source: mro-network

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