DUBLIN--(BUSINESS WIRE)--The "Commercial Aircraft Cabin Interior Composites Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The commercial aircraft cabin interior composites market is poised for growth at a CAGR of around 7% during the forecast period 2020-2025.
The use of composites and other advanced materials in cabin designing have led to radical changes in aircraft design. Composite materials have a high strength-to-weight ratio that has resulted in significant weight savings, thereby enhancing the fuel efficiency of the aircraft.
The market growth is an outcome of the organic growth of the aviation industry as a large number of commercial aircraft deliveries scheduled during the forecast period would promote the use of composites for designing the aircraft cabin and drive the integration efforts of both aircraft OEMs and aftermarket cabin integrators.
Emerging technologies such as Automated Fiber Placement (AFP) techniques are enhancing the scope of integrating advanced materials into sophisticated cabin interior designs, while also reducing the aircraft's turnaround time (TAT).
Key Market Trends
The shift in Consumer Preferences Resulting in New Aircraft Procurement and Cabin Retrofitting
The 38.88% increase in global passenger traffic between 2013 and 2018 has driven airline operators to initiate procurement drives and place firm orders for newer generation aircraft. In 2018, around 1,830 commercial aircraft were delivered to several airline operators across the globe. Besides, there is a stark contrast between the preferences of a full-scale carrier (FSC) and a low-cost carrier (LCC). FSCs and business jet operators target high-end customers who prefer comfort over cost, whereas LCCs prefer cabin designs that can accommodate maximum seats to generate higher revenues per trip.
However, since both FSCs and LCCs are keen on preserving brand value while maximizing returns, the selection of an optimal cabin interior that offers weight-savings without compromising on aesthetics is vital for the operators. Thus, cabin designers are adopting to use composites for designing several components of a commercial aircraft cabin, fostering organic growth of the market.
Favorable Market Outlook in Asia-Pacific
By 2025, China is anticipated to become the world's largest aviation market in terms of air passenger traffic. Likewise, India is anticipated to become the world's third-largest aviation market, while other countries such as Indonesia and Thailand are forecasted to enter the top 10 global aviation markets. The regional aviation manufacturing infrastructure is supported by lower production costs, driving major aircraft OEMs to establish manufacturing hubs in the region.
For instance, Airbus has entrenched industrial partnerships with more than 600 firms in 15 countries in the region, for ensuring supply of parts for Airbus aircraft. The growth in the regional aircraft production capacity has also driven cabin designers and aftermarket integrators to develop advanced cabin layouts suitable for specific aircraft models. In May 2019, Lufthansa Technik developed a VIP cabin interior concept for the A220.
The SkyRetreat cabin layout is a clever and discrete integration of the latest cabin technologies, including 4K roll-up displays, smart touch surfaces, and a unique observation lounge. Furthermore, new airlines are adopting modern cabin layouts to attract potential customer base by offering luxurious amenities, design, and other offerings at a competitive price range. For instance, the cabin interior of the upcoming Taiwanese FSC Starlux has been designed by BMW Group Designworks. Such partnerships are expected to drive the business prospects of aftermarket players during the forecast period.
Competitive Landscape
An increasing number of airline operators are investing in optimizing passenger comfort by integrating larger overhead bins, designer floor and ceiling panels, modern seat-backs with provisions for integrating sophisticated entertainment systems, etc. This has necessitated collaboration between aircraft OEMs and Tier-I cabin interior designers to develop advanced lightweight cabin interior systems.
It is highly advantageous to use composites in aircraft cabin construction owing to its high strength-to-weight ratio, excellent corrosion resistance, high fatigue strength, and durability. The resulting fuel savings on account of lower weight profile is creating significant opportunities for the market players, especially in the cabin up-gradation programs of first-class and business class cabins of FSCs.
Leading market players such as AIM Altitude Limited (AVIC), Collins Aerospace (United Technologies Corporation), Diehl Stiftung & Co. KG, FACC AG, JAMCO Corporation, Triumph Group, Inc., Safran SA, and Singapore Technologies Engineering Ltd, combine customer-specific design processes with their extensive composite structures knowledge, value engineering techniques, and design automation expertise to design cost-effective next-generation composite-based commercial aircraft cabin components.
Companies Mentioned
- AIM Altitude Limited (AVIC)
- Collins Aerospace (United Technologies Corporation)
- Diehl Stiftung & Co. KG
- FACC AG
- JAMCO Corporation
- The Gill Corporation
- The NORDAM Group LLC
- Triumph Group, Inc.
- Safran SA
- Singapore Technologies Engineering Ltd
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