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Bulk Orders of Aircrafts from Airliners to be a Driving Factor for the Market
The major factor for the high rate of growth in the region is the large order of aircraft made and the fast growing retrofit market in the region. This region put up one of the largest orders ever recently with Indigo making an order for 250 A 320 Neo jets. The In Flight entertainment systems market will show the highest growth rate in the Asia Pacific region due to the fact that Entertainment systems are not standard in most of the domestic airlines in the region especially the developing markets, like India. But it is expected that as the market matures, the use of in-flight entertainment systems will become the norm and full service airlines will be retrofitted such systems in their aircraft. Markets, like Singapore and China are experiencing a rise in Business and First Class travel and some flights are will now start with these two passenger classes only. This trend will lead to the growth in the Aircraft Seating Market as the seats for business and first class are of every high value and offer high margins to the suppliers. Some of the seats used in first class cabins can cost upwards of USD 450,000.
The overall market is experiencing a high growth rate, but the economic slowdown in China, which is the biggest aviation market, could potentially limit the growth of the market. The lack of modern infrastructure is a minor issue in some of the fastest growing countries, and if that remains unresolved, then the growth of the market could be limited.
Major Players: ELAN AIRCRAFT SEATING, PANASONIC AVIONICS CORPORATION, PREACTOR, TECHSOL ASIA PACIFIC PTE, THOMPSON AERO SEATING, amongst others.
Reasons to Purchase this Report:
• To study current and future market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
The major factor for the high rate of growth in the region is the large order of aircraft made and the fast growing retrofit market in the region. This region put up one of the largest orders ever recently with Indigo making an order for 250 A 320 Neo jets. The In Flight entertainment systems market will show the highest growth rate in the Asia Pacific region due to the fact that Entertainment systems are not standard in most of the domestic airlines in the region especially the developing markets, like India. But it is expected that as the market matures, the use of in-flight entertainment systems will become the norm and full service airlines will be retrofitted such systems in their aircraft. Markets, like Singapore and China are experiencing a rise in Business and First Class travel and some flights are will now start with these two passenger classes only. This trend will lead to the growth in the Aircraft Seating Market as the seats for business and first class are of every high value and offer high margins to the suppliers. Some of the seats used in first class cabins can cost upwards of USD 450,000.
The overall market is experiencing a high growth rate, but the economic slowdown in China, which is the biggest aviation market, could potentially limit the growth of the market. The lack of modern infrastructure is a minor issue in some of the fastest growing countries, and if that remains unresolved, then the growth of the market could be limited.
Major Players: ELAN AIRCRAFT SEATING, PANASONIC AVIONICS CORPORATION, PREACTOR, TECHSOL ASIA PACIFIC PTE, THOMPSON AERO SEATING, amongst others.
Reasons to Purchase this Report:
• To study current and future market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
