Global Commercial Aircraft In-seat Power System Market Size To Grow At 6.45% CAGR From 2024 to 2030.

Global Commercial Aircraft In-seat Power System Market Size (2024 - 2030)

As per our research report, the Global Commercial Aircraft In-seat Power System Market size is estimated to be growing at a CAGR of 6.45% from 2024 to 2030.

The Commercial Aircraft In-seat Power System plays an important role within the aviation industry. This system is integrated into the seating arrangements of airplanes to provide passengers with the capability to charge their electronic devices during flights. A majority of passengers now travel with multiple electronic devices such as smartphones, tablets, and laptops. This necessitates the need for convenient and accessible charging solutions throughout the entire aircraft. The Commercial Aircraft In-seat Power System Market is expected to grow significantly in the coming years due to advancements in technologies and increased demand for economy-class seats and cabin upgrades to enhance the overall passenger experience. The rising airlines' preference for cabin refurbishment, the rise in demand for luxury air travel, the introduction of more electric aircraft, and the creation and integration of new-generation subsystems for in-flight entertainment architecture are the main drivers for the Commercial Aircraft In-seat Power System Market. Government measures supporting aviation and the diversification of Original Equipment Manufacturers (OEMs) are expected to fuel the demand.

The COVID-19 pandemic had a significant impact on the Commercial Aircraft In-seat Power System Market. There were lockdowns, travel restrictions, and other safety measures. This resulted in a decline in passengers and financial challenges for airlines. The decline in passenger traffic resulted in a lower utilization rate of aircraft. This impacted the overall need for cabin upgrades and the installation of in-seat power systems. The aerospace supply chain disruptions affected the production and distribution of raw materials and components of in-seat power systems. However, situations changed gradually and the Commercial Aircraft In-seat Power System Market started to boom significantly with renewed interest in cabin upgrades. Post-pandemic the market for Commercial Aircraft In-seat Power Systems Market witnessed an increase due to the adoption of advanced technologies.

The restraints to the Commercial Aircraft In-seat Power System Market mainly include the high production costs, customs regulations, and physical limitations in energy storage systems and charging infrastructure.

KEY MARKET INSIGHTS:

• Based on market segmentation by End User, Economy Class holds the highest share of the Commercial Aircraft In-seat Power System Market. This is mainly due to the increasing demand due to the expansion of the middle class worldwide. Economy class constitutes the majority of seats in airline fleets globally due to increasing consumer preference for low-cost carriers and ultra-low-cost airlines. Airlines update and retrofit economy cabins to meet rising demand. However, the Premium Economy Class is the fastest-growing segment during the forecast period. This is mainly due to the rising demand for more comfortable and enhanced travel experiences. Premium economy class offers upgraded seats with additional comfort and amenities, attracting a growing segment of passengers.

• Based on market segmentation by region, North America holds the highest share of the Commercial Aircraft In-seat Power System Market. This is due to several reasons. North America is a well-developed region with advanced technologies and established aircraft industries. The increasing expansion of maintenance capabilities, by several large organizations is boosting the market in this region. The rising research, high development expenditure funds, and strategic alliances between aircraft seat suppliers and OEMs are other factors for the market growth in this region. The presence of developed markets in the US and Canada is also propelling the growth. Europe is another dominant market and is expected to grow at a higher CAGR during the forecast period. This is mainly due to Government investments in commercial and military fighter jet modernization. The presence of busy airports, including Gatwick, Manchester, and London Heathrow is propelling the market growth. However, Asia Pacific is the fastest-growing region during the forecast period. This is mainly due to the increasing adoption of advanced technologies and the rise in new aircraft orders and deliveries. Investments by regional airlines in seat updates and upgrades also help to propel the market growth in this region. China holds the largest share of the market due to low-cost carriers implementing in-seat power systems in the cabins. The presence of numerous key players such as Astronics Corporation, Burrana Pty Ltd., and IFPL Group Ltd. is creating huge demand for the market. In India, Vistara improves customer experience by integrating in-seat power systems in new aircraft. New cabin seats from Geven with USB power ports installed, enhancing the passenger experience. Thus, the Asia Pacific region generates the highest demand for commercial aircraft in-seat power systems during the forecast period.

• Companies playing a leading role in the Commercial Aircraft In-seat Power System Market profiled in this report are – Astronics Corporation, Mid-Continent Instrument Co. Inc., KID-Systeme GmbH, Astrodyne TDI, IFPL Group Ltd., Burrana Pty Ltd., InFlight Peripherals Ltd, Inflight Canada Inc.

By End User:

• Economy Class

• Business Class

• Premium Economy Class

• First Class

By Region

• North America

• Asia Pacific

• Europe

• South America

• Middle East and Africa

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