Cabin Interior Composites Market Size, Share, Emerging Audience and Forecast to 2024
Research Reports
Jan 19, 2021
Market Highlights
The growth of the Global Cabin Interior Composites Market can be attributed to the increasing air passenger traffic and retrofit of old aircraft. However, delays in aircraft deliveries and decreasing profitability of airlines in developing regions may hamper market growth.
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Key Players
The key players in the global Cabin Interior Composites Market are Aim Altitude (UK), Collins Aerospace, Inc. (US), Diehl Stiftung & Co. KG (Germany), FACC AG (Austria), JAMCO Corporation (Japan), The Gill Corporation (US), The Nordam Group LLC (US), Triumph Group (US), Safran (France), and BASF Corporation (Germany).
Market Segment
The global Cabin Interior Composites Market has been segmented based on aircraft type, composite type, process, end use, application, and region.
On the basis of aircraft type, the market has been divided into narrow-body and wide-body. In 2020, the narrow-body segment dominated the market and it is expected to register the higher CAGR during the forecast period. Narrow-body planes offer cost-efficiency and low fuel consumption, which is expected to drive the growth of the segment.
By process, the market has been classified as sandwich construction, compression molding, and others. The sandwich construction segment was the largest in 2020 and is expected to be the fastest-growing during the review period. Cabin interior composites manufactured by sandwich construction process are durable and energy-efficient, which is expected to boost the growth of the segment.
Based on application, the global cabin interior composites market has been divided into floor panels, sidewall panels, ceiling panels, stowage bins, galleys, lavatories, seating, ducts, and others. The seating segment dominated the market in 2020 and is expected to be the fastest-growing during the forecast period. Optimized seating and the use of new advanced composites such as titanium for aircraft seats are driving the growth of the segment.
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