seobhushan (39)

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Aircraft Seating Market is projected to reach
CAGR 6.5 by 2027
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Key Insights from Aircraft Seating Market

• Aircraft seating market is one of those segments
  where a consistent stream of demand and supply is
  visible. Airplane production worldwide depends on
  a host of factors, including income levels and
  defense expenditure.
• An increase in disposable income among people in
  both developed as well as developing nations has
  supported developments in the tourism industry,
  with people wanting to spend time with their
  families in premium locations. Over time there
  has been an increase in demand for business and
  private jets due to the reduced travel time in
  conjunction with the increasing passenger
  convenience. Private jets are used for business
  and luxury travel providing a major growth scope
  for the global aircraft seating market size.
• Reports estimate that the global aircraft seating
  market could cross USD 16.5 billion in value
  through 2027. The rise in political tensions and
  cross-border disputes has led to an increase in
  defense expenditure across the globe over time.
  This has also supported the demand for multi-role
  fighter airplanes. As per a report by SIPRI, in
  the year 2019, military expenditure crossed USD
  1,917 billion, showcasing a 3.6 increase from
  2018.

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Regional Insights in Aircraft Seating Market

• Regionally speaking, the Asia Pacific aircraft
  seating market is expected to witness a CAGR of
  nearly 6.5 up to 2027. The region boasts of the
  largest commercial airline fleet, that has
  superior demand. Both India and China are the
  growth engine of the aircraft seating industry in
  the APAC region.

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Latest Research Report On Aircraft Seating Market
_at_ https//www.gminsights.com/industry-analysis/air
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this research report _at_ https//www.gminsights.com/
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5
Major Companies in Aircraft Seating Market

• Acro Aircraft Seating
• Collins Aerospace
• Jamco Corporation
• Martin-Baker Aircraft Co., Ltd.
• Recaro Aircraft Seating

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