Europe Commercial Aircraft Cabin Interior Market: New Innovations Trends, Research, Global Share and Growth Factor and Forecast: 2022-2031

Japan, Japan, Fri, 08 Apr 2022 04:32:21 / Comserve Inc. / -- The Europe Commercial Aircraft Cabin Interior Market is anticipated to register a CAGR of over 4% during the forecast period.

The Europe Commercial Aircraft Cabin Interior Market is anticipated to register a CAGR of over 4% during the forecast period.

- The increasing number of air passenger traffic in this region has attributed to the procurement of new aircraft. Several orders placed by airlines had increased the business prospects for various suppliers of aircraft interiors, as each airline modifies the interiors of its aircraft as per its customized theme.
- Also, airlines are investing in the modernization of their cabin (retrofit) to provide unique experiences to the consumers along the journey. The provision of luxury and comfort to the passengers with cabin interior amenities like comfortable seats with more leg space, high-speed internet connectivity, and ambient lighting throughout their fleet is bolstering the demand for commercial aircraft cabin interior market in Europe.
- The market of the commercial aircraft cabin interior is highly fragmented due to presence of many manufacturers in the market that provide wide range of products from seats, in-seat power supplies, cabin lighting, flooring, curtains, entertainment systems etc.

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Key Market Trends

The Inflight Entertainment Systems experiences Highest Demand During Forecast Period

Currently, the inflight entertainment systems experience the highest growth in the market during the forecast period. This is attributed by the rapid growth in the connectivity and entertainment services provided by the airlines to enhance the experience of the passengers through their travel. The airlines are testing new testing and integrating new entertainment systems such as VR, enhanced inflight retailing etc., to increase the ancillary revenues from providing paid content, advertisements, and e-commerce offerings, among others. For instance, TAP Air Portugal selected Panasonic Avionics Corporation to provide inflight entertainment and connectivity (IFEC) solutions onboard 14 A321neo LR aircraft scheduled to be delivered through the forecast period. Also, the airlines are introducing new content, depending on the flight destinations, to cater to the passengers' demand. In May 2019, Inflight Dublin was selected by Ice land air and TUI Group to provide IFE content services. TUI Group owns five airlines that are operating in the UK, Germany, the Netherlands, Belgium, and the Nordics. Inflight Dublin will provide the movies, television programs, broadcasts etc., in eight different languages to TUI airlines. Also, the growth in the Bring Your Own Device (BYOD) concept has led to increase in investments towards high speed internet connectivity on-board. To cater to this growing demand, in December 2019, Panasonic Avionics Corporation signed a multi-year agreement for Ku-band capacity on two multi-beam payloads on the EUTELSAT 10B satellite, due to be launched in 2022.This contract with Eutelsat Communications will enable Panasonic to provide multiple GHz of new extreme throughput Ku-band connectivity to airline passengers flying over Europe. Such factors are expected to propel the growth of this segment, during the forecast period.

The Rest of Europe Held the Highest Market Share in 2019

The Rest of Europe segment currently has the highest market share in the Europe Commercial Aircraft Cabin Interior market. This can be attributed to the fleet modernization of airlines in the region, with the latest technological advancements. Most airline operators in Russia, Sweden, Switzerland, and Greece among others are keenly investing resources toward integrating IFEC systems into their aircraft fleet. Some of the airlines in the region operate a fleet of old and ageing aircraft, which means there will demand for replacement of existing aircraft as well as there will be demand for retrofit cabin interior components in the future. For instance, in January 2020, Swiss International Airlines Ltd., an airline-based company in Switzerland, completed the full cabin refurbishment programme for its Airbus A340 aircraft. All the A340 aircraft in its fleet are equipped with a totally new cabin and a new inflight entertainment system. With the completion of the refurbishment program, the airline can provide internet connectivity for its passengers on board all its long-haul aircraft. Similarly, Aeroflot signed an agreement with Boeing in August 2019 at Moscow Air Show to the upgrade the cabin interiors of their 18 Boeing 777-300ERs. Under the contract, Boeing Global Services change aircraft seats and add new lavatories, galleys, and entertainment systems as well as on-board Wi-Fi to the B777-300ERs of the airline. Such modernisation initiatives of the airlines in the region are expected to further help the market growth in the rest of Europe in the years to come.

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Competitive Landscape

The prominent players in the Europe Commercial Aircraft Cabin Interior Market are Safran SA, Honeywell International Inc., Panasonic Corporation, Collins Aerospace, and Thales Group. The vendors in the market focus on the designing, engineering, and manufacturing of aesthetically pleasant and high-performance cabin interior systems. Therefore, the market is directly affected by economic factors and other trends that impact the aerospace industry, which include possible consolidation of the market through the backward integration activities of aircraft OEMs. The plans for fleet modernisation (retrofit) of the ageing aircraft is anticipated to provide new market opportunities for the cabin interior manufacturers. For instance, in October 2019, Air France had chosen new and more spacious luggage compartments by Safran SA which is Safran Cabin's latest ECOS luggage compartments to equip in its Airbus A320 fleet. The ECOS "Efficient Cabin Open Space" system offers up to 60% more storage capacity than the luggage racks that were previously available. It consists of new bins, ceiling and cove panels that provide a lower shelf height for ease of loading and visibility. The acquisitions and mergers, as well as the partnership between various stakeholders of the market, are anticipated propel growth in cash flows and profits of the companies. The partnerships are also expected to further propel the innovation of new product portfolio of the companies.

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