Aircraft Seating Market By Aircraft Type, Size, Share, Technology, Top Key Players Forecast
Global aircraft seating market stood atUSD5,147.06 million in 2020 and is expected to grow at a CAGR of around 5.60%, in value terms, over the next five years to reach USD 7,074.30 million by 2026, on the back of growing passenger air travel, need for lightweight and durable seats, and the increasing rate of replacement of existing aircraft fleets across the world. To make the flying experience finer, aircraft manufacturers are increasingly mounting up better quality cabin seats which are lighter in weight and are built of superior quality. These cabin seats reduce the overall weight of the aircraft without compromising on safety standards for the passengers travelling in the aircraft. The reduced weight of the aircraft helps the aircraft to run economically for larger distances, making the flight experience affordable for masses. Apart from the reduced weight of aircraft seats, the demand for cabin seats which are technologically advanced is also increasing. These advanced ...