Market Dynamics- Drivers
Growing preference of consumer for air travel is expected to drive growth of the global aircraft cabin interior market during the forecast period
According to International Air Transport Association (IATA) report, 2015, number of passengers traveling by air increased to 3.4 billion passengers in 2015 from 3.3 billion passengers in 2014, registering a growth of 3%. Furthermore, the high growth of tourism industry, rising international travel, higher disposable income, competitive ticket pricing, and a significant reduction in traveling time are compelling consumers to opt for air travel than other modes of commute. This, in turn, is influencing airline carriers to deploy new aircraft and thereby drive the growth of the global aircraft cabin interior market.
Rise in long-distance air travel boosting the demand for advanced and comforting interiors is expected to propel the global aircraft cabin interior market growth over the forecast period
Long-haul flights or long-distance non-stop air travel of over seven hours of flight time has increased significantly in the recent past. This is owing to increasing traveling range of aircraft, which leads to shorter travel times and fewer transit complications. However, a long-haul flight can lead to various health complications such as fatigue, restlessness, jet lag, and overall discomfort for passengers. Airline carriers are focused on enhancing passenger comfort, which in turn, is increasing adoption of comfortable, highly customizable, and technologically advanced cabin interior systems to replace the existing conventional systems. The practice of fitting more comfortable and soothing aircraft cabin interior products in long haul flights is expected to support growth of the global aircraft cabin interior market over the forecast period.
North America region dominated the global aircraft cabin interior market in 2019, accounting for 33.3% share in terms of value, followed by Asia Pacific, Europe, MEA and Latin America, respectively.
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Market Dynamics- Restraints
Reducing demand for large body aircraft across the globe is expected to hamper the global aircraft cabin interior market growth over the forecast period
Large aircrafts comprising double decks and two aisles require higher number of aircraft cabin interior products. Naturally, number of monuments such as overhead bins, lavatories, galleys, and lighting systems are much higher than that of narrow-body aircraft. Airline carriers whose fleet comprising mostly of narrow-body aircraft generally tend to increase passenger capacity of aircraft by utilizing space taken up by these galleys and lavatories. Hence, demand for these galleys is expected to decrease, as cost of a single galley is much more than that of a row of seats, which is in turn, is expected to restrain the market growth.
Lack of profitable airlines in emerging economies is expected to hamper the global aircraft cabin interior market growth over the forecast period
Emerging economies such as South Africa, India, and China have a limited number of profitable airlines. This is primarily due to low purchase power and constant preference for conventional methods of commute such as railways and buses. This, in turn, is expected to hinder growth of the global aircraft cabin interior market growth over the forecast period.
Market Opportunities
Customization and replacement of existing aircraft cabin interior components to provide major growth opportunities
The global aviation industry is growing at a steady pace though there is intense competition among major airline carriers. These airline carriers make extreme efforts to increase passenger share by including more destinations, providing competitive prices, and refurbishing aircraft frequently. For instances, Thomson Airways cabin structure to accommodate the whole family, Air New Zealand’s SkyCouch, a row of three economy seats that together create a flexible space, and Etihad Airways ‘The Residence’, a three-room suite which has living room, bedroom, and shower room, has led to frequent customization and replacement of aircraft interior products. Moreover, on average, airline carriers replace their cabin interior products every 3 to 5 years to provide a new look and feel their aircraft. 
Adoption of in-flight entertainment system and connectivity systems across all classes can present significant growth opportunities
First class and business class passengers receive special features and amenities such as personalized in-flight entertainment and communication systems for comfort and convenience. Until recently, amenities in economy class segment were kept to a bare minimum. However, rising competition in the global airline industry is compelling airline carriers to offer communications systems and in-flight entertainment in the economy class seating, in order to attract more passengers. For instance, certain airlines such as FlyDubai offer these amenities for a small pre-paid fee.
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