During the forecast period, the global Aircraft Interiors Market is expected to expand at a compound annual growth rate (CAGR) of more than 11.5%, resulting in a market value of US$ 20.2 billion by 2028.
Interiors of aircraft have emerged as a focal point in the aerospace industry, with significant advancements aimed at improving passenger experience, reducing weight, improving hygiene, ensuring safety, and incorporating innovative design. The aircraft interiors market includes seats, galley/galley inserts, lavatories, stowage, and In-Flight Entertainment and Connectivity (IFEC) systems. The increasing emphasis of airlines on improving the customer experience and upgrading their existing aircraft fleets is expected to fuel significant market growth in the coming years.
A substantial increase in air passenger traffic is fueling demand for aircraft interiors. Interior designers are constantly innovating for the benefit of both airlines and passengers, resulting in a better onboarding experience. Rising demand for aircraft refurbishment and space optimization creates opportunities for expansion. Increased demand for advanced aircraft interior systems, such as lightweight fuel-saving components, wireless in-flight entertainment, advanced hygiene and safety products, spacious bins, and LED cabin lights, will create numerous growth opportunities for market participants throughout the forecast period. Seats, galley/galley inserts, lavatories, stowages, IFEC systems, floor panels, cabin lining, and other market applications are available.
The dominant and fastest-growing application type is expected to be IFEC. The COVID-19 pandemic had a significant impact on the aircraft interiors market, with the effects varying depending on the application. Seats, which dominated prior to the pandemic, were overtaken by IFEC during the pandemic.