LONDON--(BUSINESS WIRE)--The global commercial aircraft in-seat power supply system market size is poised to reach USD 58.44 million by 2023, according to a new report by Technavio, progressing at a CAGR of over 8% during the forecast period.
“With the increase in air passenger flow, several airlines are upgrading their fleet to facilitate smooth services. New-generation aircrafts feature advanced cabin layouts to offer more customized service to passengers. Hence, seats installed in all classes would feature some type of in-seat power supply systems. Thus, the rising procurement of new aircraft will drive market growth,” says a senior analyst at Technavio. Request Free Sample Pages
The market is driven by increase in cabin retrofitting to enhance passenger comfort. In addition, the growing demand for luxury air travel is anticipated to further boost the commercial aircraft in-seat power supply system market during the forecast period.
Airline operators are increasingly focusing on improving their aircraft cabin to promote their brand image among customers. Thus, airline operators are increasingly investing in cabin retrofitting to satiate the increasing demand for comfort and connectivity. Cabin retrofitting enables the inclusion of features such as cabin connectivity, personalized entertainment systems, handsfree commands, micro cabin environment, medical care, and self-cleaning and anti-bacterial materials. Therefore, aircraft cabins are being integrated with comfortable seats, large overhead bins, and other necessary components such as in-seat power supply systems. This will drive the growth of the commercial aircraft in-seat power supply system market during the forecast period.
The demand for luxury air travel is increasing owing to the growing financial affluence among global consumers, which is prompting them to spend on unique experiences. As a result, airlines are required to constantly monitor and adapt to consumer expectations and cater to luxury customers while remaining exclusive and relevant. Thus, the adoption of new premium seating in the business-class segments is increasing, which will drive the demand for in-seat power supply system.
For More Information: Request Free Sample Pages
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Astrodyne TDI
- Astronics Corp.
- Burrana Pty. Ltd.
- GVH Aerospace Ltd.
- Imagik Corp
Market Segmentation by End-User:
The Commercial Aircraft In-Seat Power Supply System Market can be broadly categorized into the following end-users:
- Economy class
- Business class
- Premium economy class
- First class
Key Regions for the Commercial Aircraft In-Seat Power Supply System Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials are:
Commercial Aircraft Curtains Market – Global Commercial Aircraft Curtains Market by end-users (widebody aircraft, narrowbody aircraft, and regional aircraft) and geography (APAC, Europe, MEA, North America, and South America).
Commercial Aircraft Doors Market – Global Commercial Aircraft Doors Market by type (passenger doors, cargo doors, and others) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.