Business aviation poised for huge growth in the Aircraft Cabin Management Market
Global aircraft cabin management market is expected to witness a CAGR of 5.92% to reach $5,159.1 million by 2024
Bangalore, India, June 6, 2019: With its recently published study “Global Aircraft Cabin Management Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024”, Infoholic Research estimates massive demand for comfortable and ergonomic cabins in flights globally as one of the primary reasons behind the increasing demand for aircraft cabin management solutions. The demand for aircraft cabin management is being driven by the need for connectivity and maximum space utilization as well.
The market is witnessing substantial technological innovations and the introduction of new designs for aircraft cabin management, especially for business class. For instance, Venue cabin management system by Collins Aerospace provide high quality touch screens, latest media systems and connectivity, and other services like live TV and maps with focus on luxury private planes. While business class is witnessing an increased R&D and changes in design in commercial aviation, economy class is still having sluggish growth in developing and experimenting cabin designs. This trend is expected to continue during the forecast period 2018–2024, fueling the market growth at a CAGR of 5.92% to reach $5,159.1 million by 2024.
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North America is the largest contributor within the global aircraft cabin management market. The extent of adoption of IFE and high-end passenger units in aircrafts is high in the US. The rate of adoption of inflight connectivity solution in Europe and Middle East is driven by increasing replenishment of old fleets. APAC is expected to show growth mainly due to increasing number of low-cost carriers in the region and growing propensity towards air travel among the middle class.
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“Companies are focused on providing solutions with more emphasis on cost and weight reduction, leading to the adoption of light weight and cost-effective materials for building aircraft cabins. One such instance is the replacement of traditional lamps with LED lamps for cabin lighting” said Arjun Das, Senior Research Analyst, Infoholic Research.
Key insights of the report include:
- Commercial Aviation
- Business Aviation
- Passenger Unit
- In-Flight Entertainment
- Flight Attendant Control Panel
- North America
- Europe and Middle East
- Industry outlook: Market trends, drivers, restraints, and opportunities