Aircraft Cabin Interior Composites Market Estimated to Reach US$ 1.9 Billion in 2023


Posted August 24, 2018 by Stratview-Resesarch

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.

 
The global aircraft cabin interior composites market is projected to grow at a healthy rate over the next five years to reach US$ 1,891.1 million in 2023. Organic growth of the aircraft industry is the primary driver of the sustainable demand for composites in aircraft cabin interiors. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft.

The research’s findings suggest that 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; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and increasing demand for cabin retrofit of large aircraft fleet are likely to offer a sustainable growth platform for composites 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 over 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.

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.


As per the study, 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.

In terms of region, North America is projected to remain the largest market during the forecast period, driven by both OE as well as aftermarket segments. However, 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 cabin interior companies are AIM Altitude Limited (AVIC International), B/E Aerospace (Rockwell Collins), Diehl Aerosystems, FACC AG, Jamco Corporation, The Gill Corporation, The Nordam Group, Inc., Triumph Group Inc., UTC Aerospace Systems, and Zodiac Aerospace. The key aircraft OEMs are Boeing, Airbus, Bombardier, ATR, Embraer, COMAC, Irkut, Sukhoi, Cessna, and Gulfstream.
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Categories Aerospace , Defense , Research
Tags aerospace , aircraft cabin interior , composites
Last Updated August 24, 2018