DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fgnvj2/opportunities_in) has announced the addition of the "Opportunities in Aerospace Interior Market: Market Size, Market Share, Trend and Forecast Analysis 2012-2017" report to their offering.
This research indicates that interiors need regular maintenance and are required to be replaced in short intervals of time, usually in two to five years. This high replacement rate acts as a major driver for the market. Customization and brand positioning also drives the interior market.
In calendar year 2011, the global commercial interior market was valued at US $7.52 billion. The market is expected to grow to $10.8 billion by 2017 with 6.3% CAGR over the next five years. The seating segment is anticipated to have the highest CAGR during the forecast period followed by stowage Bin.
Although certification of interior items by the concerned regulatory authority such as Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA), and meeting various specialized and mechanical requirements relating to safety concerns of fire, smoke and toxicity etc., pose some challenge, the interior market is expected to overcome these short comings, and with increasing aircraft fleet worldwide, interior market is expected to witness robust growth over the forecast period.
As per the study, the aerospace interior market is largely dependent upon worldwide aircraft fleet size, future deliveries, and demand of the airline operators for customized or upgraded interiors. The driving factors are the competition between airline operators to attract air travelers by offering best interior facilities, offering travelers more value for money, and future aircraft deliveries. Interiors can help in reducing overall weight of an aircraft hence it's a challenge for the manufacturers to manufacture interiors that meets the basic requirements and is still light weighted.
- B/E Aerospace
- Recaro Aircraft Seating
- Zodiac Aerospace
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