Outlook on the Worldwide Commercial Aircraft In-seat Power System Industry to 2025 - Featuring Astronics, Burrana & GVH Aerospace Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Commercial Aircraft In-seat Power System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The commercial aircraft in-seat power system market is anticipated to grow at a CAGR of 3.73% during the forecast period.

The substantial rise in passenger traffic and the imposition of new emission regulations have led to a significant increase in the demand for new-generation aircraft purchases. This is expected to simultaneously have a positive effect on the commercial aircraft in-seat power system market, as the majority of the airlines are offering this feature on their new fleet to enhance their passenger experience during flight.

The growing personal gadget usage and the increasing demand for Bring Your Own Device (BYOD) concept in the past few years is driving the need to support the passengers (to charge their personal electronic devices) with in-seat power systems. This is accelerating the demand for the in-seat power system.

Due to the affect of the Covid-19 pandemic on the airline industry, several airlines across the world are facing impending losses and liquidity crisis, which may result in cancellation or postponing of aircraft deliveries and the cabin retrofit programs. This will hamper the growth of the market during the forecast period. Furthermore, the pandemic has also impacted the manufacturing facilities across the aerospace supply chain. Major aircraft OEMs have reduced their production rate to adjust to the demand for new aircraft. A reduction in production rate will hamper most of the tier-1 and tier-2 players like the in-seat power system manufacturers, thereby challenging their growth.

Companies Mentioned

• Astronics Corporation
• Burrana
• GVH Aerospace
• Inflight Canada Inc.
• KID-Systeme GmbH
• Imagik International Corp
• Astrodyne TDI Corporation
• InFlight Peripherals Ltd.
• Mid-Continent Instrument Co. Inc.
  

Key Market Trends

Economy Class Segment to Experience the Highest Growth During the Forecast Period

The economy class segment of the market is anticipated to grow and record the highest CAGR during the forecast period. The economy class holds majority of the seats for any airline fleet. With the growth of the middle-class population across the world, the demand for the economy class has increased sharply over the last few years. With the growing demand for the segment, all the airlines around the world are modernizing their economy cabin interiors to enhance the passenger experience. There are several new economy cabin retrofit programs undertaken by the airlines, along with the installation of new and specialized seatings in new aircraft.

Asia-Pacific Region is Expected to Grow with the Highest CAGR During the Forecast Period

Asia-Pacific region is expected to generate the highest demand for commercial aircraft in-seat power system market during the forecast period. This increasing demand is mainly due to the increasing orders and deliveries of new aircraft, propelled by ever-growing passenger traffic in the region. Along with the new orders, the airlines in the region continue to invest in upgrading and modernizing their seats and related equipment to compliment the services provided to the onboard passengers.

China is currently the largest market in the region. China is expected to become the world's largest aviation market in the mid-2020s, due to an increasing middle-class population and the government's support for the sector. Thus, this has been generating a demand for new flights and the addition of new routes. In addition to full-service carriers that provide the in-seat power supply in almost all the cabins, low-cost carriers in China have also been adopting the in-seat power systems in their cabins.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Seating Class

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Latin America

5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/qqa48c