Global Aircraft Cabin Upgrades Market Research Report: Information by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation and Military Aircraft), By Application (Interior Modifications, Cabin Connectivity, Painting, Airworthiness and Avionics), By End-Use (Passenger Airlines, Freighter Companies, Leasing Companies, Corporate Jets and VIP’s & Military Derivatives) and Region - Forecast till 2027

Market Scenario

Aircraft Cabin Upgrades Market is projected to reach USD 9,867.3 Million by 2025, expanding at a CAGR of approximately 6% between 2019 and 2025. The aircraft cabin upgrades market is highly fragmented with the presence of many regional players catering to the increasing demand. The market comprises global players such as AAR Corp, Air France Industries and KLM Engineering & Maintenance, Boeing Global Services, Diehl Aviation Laupheim GmbH, Jet Aviation AG, and Lufthansa Technik AG among others. High competition among the industry players lead to product innovation, which attracts more consumers. This, in turn, drives the market growth.

Market Synopsis

Global Aircraft Cabin Upgrades Market has witnessed high growth in the recent years owing to increasing demand for next generation aircraft is the key growth driver of the aircraft cabin upgrades market. This is compelling airlines and leasing companies to upgrade their existing aircraft fleet to provide a uniform feel and to maintain the brand image across their fleet.

Market USP

Rise in the demand for the new aircraft and modernization of aircraft

Market Drivers

• Rise in aircraft delivery in Asia-Pacific: By 2030, it is expected that there would be 17,700 aircraft delivery in the Asia-Pacific region. This would facilitate the growth of the market.

• Increasing need for real-time information for flights safety

• Growing demand for advanced navigation systems in aircraft

Market Restraints

• High manufacturing and installation cost


• Stringent FAA regulations

Segmentation

By Aircraft Type

• Commercial Aircraft: Commercial aircraft accounted for the largest segment in 2018 in the aircraft cabin upgrades market. Fleet up-gradation programs undertaken by airline companies is expected to drive the segmental growth

• Regional Aircraft: Rise in the low-cost carriers would propel the demand for regional aircraft.

• General Aviation: Rise in the domestic and international flights travel in Asia-Pacific would be a key growth opportunity for the segment.

• Military Aircraft: Rise in the government spending and modernization of fleets would propel the growth of the market segment.

By Application

• In-flight Entertainment: Implementation of ever-improving in-flight entertainment has gained importance over the time. The segment is expected to show significant growth during the forecast period as air travelers chose connectivity as their prime concern; also, airlines are cognizant of this

• Interior Modifications: The need to maintain consistent brand image for airline companies is expected to drive the segmental growth. The interior modifications segment accounted for the largest segment in 2018.

• Cabin Connectivity: Technological innovations in-cabin connectivity is expected to drive the segmental growth.

• Painting: The need for airline companies to paint the aircraft at regular intervals to avoid rusting and corrosion, is expected to drive the segmental growth

• Airworthiness: To keep the aircraft operational, continuous upgrades must be made depending upon the changing regulations by regulatory authorities thus, driving the segmental growth.

• Avionics: Technological advancements such as touch panel introduced by Garmin Ltd. is expected to drive the segmental growth

By End-Use

• Passenger Airlines: The segment accounted for the largest segment in 2018. Growing focus of airlines to offer higher seating capacity in economy and premium economy section of the aircraft is expected to drive the segmental growth

• Freighter Companies: The passenger-to-freighter conversion is expected to drive the freighter companies’ segment during the forecast period

• Leasing Companies: The need to upkeep aircraft to current regulatory standards in order to maintain the aircraft value will drive the segmental growth

• Corporate Jets: Increasing trend of customizing private jets to contribute towards the segmental growth

• VIP’s & Military Derivatives: Converting commercial aircraft to military aircraft for enhanced security is expected to drive the segmental growth

By Region

• North America: North America dominated the aircraft cabin upgrades market. This trend is projected to continue during the forecast period due to many airline companies operating in the region. Furthermore, the presence of key players such as Boeing Global Services and AAR Corp, operating in the region is expected to drive the regional market growth.

• Europe: High demand for aircraft upgradation is expected to drive the European market growth.

• Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Growing number of air travelers is expected to drive the regional market growth.

• Middle East & Africa: Private ownership of airline companies such as Emirates is expected to drive the aircraft cabin upgrades market in the Middle East & African market.

• Latin America: Increasing air passengers due to growing disposable income is expected to drive the Latin American market. Increasing air travel is a result of the anticipated growth of the region's middle class from 350 million people to 520 million by 2037.

Key Players

• AAR Corp (US)


• Hong Kong Aircraft Engineering Company Limited (Hong Kong)


• Turkish Technic (Turkey)


• Airbus SAS (Netherlands)


• Air France Industries KLM Engineering & Maintenance (France)


• Boeing Global Services (US)


• Diehl Aviation Laupheim GmbH (Germany)


• Jet Aviation AG (Switzerland)


• Lufthansa Technik AG (Germany)


• SR Technics (Switzerland)


• Singapore Technologies Engineering Ltd (ST Engineering) (Singapore)