July 19, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Cabin Interior Composites Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Cabin Interior Composites Market is projected to grow at a healthy rate over the next five years to reach US$ 2,020.8 million in 2024. An organic growth of the aircraft industry is the primary driver of the sustainable demand for composites in aircraft cabin interiors. Boeing anticipated that there would be total deliveries of 41,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for composite parts for cabin interiors globally in the foreseeable future.
Aircraft cabin is one of the most discussed subjects of the airline industry today as airlines’ requirement for aesthetically pleasing, compact, and innovative aircraft cabin interiors show no signs of abating. One side, volatile crude oil prices severally plummet the overall margin of airlines, whereas, another side, rapidly changing expectations of customers demand airlines to keep upgrading aircraft interiors, which again adversely impact the overall margin of airlines. Low-cost carriers are demanding an aircraft that has a maximum space for seating to generate more revenues per journey, whereas, premium airlines targeting high-end customers would like to offer extraordinary passengers’ comfort in order to give an excellent customer delight. However, both types of carriers want to maintain the value as well as to generate the maximum returns; thus, wanting a cabin interior that is as light as possible and occupies minimal space and energy.
Aircraft cabin interiors have witnessed an impactful, significant evolvement over the past five decades in which composite materials have a disruptive journey and played a pivotal role in upgrading the overall cabin interiors. All the major tier-II player are working closely with the aircraft OEMs in order to develop advanced lightweight interior systems that offer excellent aesthetics and aid carriers to improve the overall customer’s experience. Composite materials are the perennial choice in fabricating structural parts of those systems as the materials not only offer the advantages of being light in weight and high strength-to-weight ratio but also improve the overall cabin aesthetics. The modernized aircraft cabin interior design is rich in composites from structural to semi-structural applications.
There are a series of directions where the aircraft industry is moving today with the purpose to modernize cabin interiors by satisfying three major criteria: commercial viability, certification, and passenger experience. Some of the most noticeable movements are the development of lightweight customized cabin solutions in order to improve the overall customer experience, an enlargement of overhead stowage bins to accommodate more luggage per stowage bin, the formation of maximum cabin space by making necessary change in the design of galleys and lavatories to squeeze more number of seats on board, and the development of compact seats to add more seats. Composite parts are an indispensable focus area for all the major tier-players making cabin interior systems, such as lavatory, galleys, to make the system lightweight, aesthetically excellent without sacrificing performance.
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Segment Analysis
Based on the aircraft type, the global aircraft cabin interior composites market is segmented as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation. Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period. Increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and an increasing demand for cabin retrofit of large aircraft fleet are likely to offer a sustainable growth platform for composites in these segment in the coming years. Furthermore, the rising penetration of composites in most of the interior applications is likely to aid more growth in these segments in the coming years.
Based on the composite type, glass fiber composite is likely to remain the most dominant segment of the global aircraft cabin interior composites market during the next five years. Glass fiber composites offer a wide array of advantages including low cost, good product performance, and excellent corrosion resistance, over their rivals including aluminum and metals. Whereas, carbon fiber composite, another considerable segment, is likely to grow highest in the market during the same period, driven by its advantages over glass fiber composites including lighter in weight, higher strength-to-weight ratio, and excellent appearance.
Based on the process type, sandwich construction is the most widely preferred manufacturing process in the market and is likely to remain the most dominant process during the forecast period. It is considered an ideal process for producing flat composite panels for aircraft interiors as well as exteriors. Most of the composite parts for aircraft cabin interiors, such as lavatory and floor panels, are largely made through the sandwich construction process. Compression molding, injection molding, and plaster mandrel are major processes used to fabricate composite parts for aircraft cabin interiors. They also offer sizeable growth opportunities in the coming years.
Based on the end-user type, the OE sales segment is projected to maintain its dominance in the market during the next five years. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; and upcoming aircraft programs are likely to create a strong demand for composites in cabin interiors in the OE segment in the coming years. The aftermarket segment, a relatively smaller segment, is likely to grow at a higher rate during the forecast period, owing to rising aircraft fleet size of commercial aircraft and increasing demand for advanced lightweight cabin interiors, leading to the replacement/retrofit of old cabin interiors with the advanced lightweight interiors.
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by both OE as well as aftermarket segments. The USA is the growth engine of the region’s market and has the presence of almost all major aircraft OEMs including Boeing, Airbus, Cessna, and Gulfstream. Rising commercial aircraft fleet size is likely to further boost the overall demand for composite parts in aircraft cabin interiors in the foreseeable future.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Key Players:
Key players operating in the global Aircraft Cabin Interior Composites market are-
The key cabin interior companies are-
- AIM Altitude Limited (AVIC International)
- Collins Aerospace
- Diehl Aerosystems
- FACC AG
- Jamco Corporation
- The Gill Corporation
- The Nordam Group, Inc.
- Triumph Group Inc.
- Zodiac Aerospace (Safran).
The key aircraft OEMs are-
- Boeing
- Airbus
- Bombardier
- ATR
- Embraer
- COMAC
- Irkut
- Sukhoi
- Cessna
- Gulfstream.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aircraft Cabin Interior Composites analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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