Global Commercial Aircraft In-Seat Power System Market expands with the rise in air traffic
The global commercial aircraft in-seat power systems market is likely to grow at a CAGR of more than 8% during the outlook period.
Airlines prefer cabin modernization to improve passenger comfort Airline operators are increasingly focusing on improving the cabin of their aircraft to promote their brand image among customers. As a result, several airline operators around the world are actively investing in cabin modernization to meet the growing demand for reliable cabin connectivity, custom entertainment systems, hands-free controls, micro-cabin environments, and superior quality. Cabin air, medical and self-cleaning and antibacterial materials. As airline operators struggle to strike a balance between cost and aesthetics, several cabin modernization programs have been launched to incorporate comfortable seats, large overhead compartments, and other necessary components such as power supply systems in the seats.
Astronics has been selected to provide a USB-C onboard power system for EL AL Airline's fleet of Boeing 737-800s.
Market Drivers and Restraints:
The substantial increase in passenger traffic and the imposition of new emissions regulations have led to a significant increase in the demand for the purchase of new generation aircraft. This is expected to simultaneously have a positive effect on the market for in-seat power supply systems for commercial aircraft, as most airlines offer this feature in their new fleets to improve the passenger experience during the flight. The increasing use of personal devices and the growing demand for the Bring Your Own Device (BYOD) concept in recent years have led to the need to support passengers (to charge their personal electronic devices) with in-car power seat systems. This accelerates the demand for the power system in the commercial aircraft seat. However, the effect of price fluctuations and the availability of raw materials in the aviation supply chain, the need for frequent maintenance checks, and design and integration challenges can all hamper business growth in commercial aircraft in-seat power system market during the outlook period.
Impact of COVID-19:
Due to the impact of the coronavirus pandemic on the airline industry, several airlines around the world are facing imminent losses and a liquidity crisis, which may result in cancellation or postponement of aircraft deliveries and cabin modernization programs, limiting the growth of the commercial aircraft in-seat power system market during the projection period. Additionally, the pandemic has also had an impact on manufacturing facilities in the aerospace supply chain. The main manufacturers of aeronautical equipment have reduced their production rate to adapt to the demand for new aircraft. A reduction in the production rate will hamper most Tier 1 and Tier 2 players, such as manufacturers of integrated power systems, putting their growth at risk.
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Report is segmented as:
By Seating class:
• Economy class
• Premium economy class
• Business class
• First class
The economy class segment of the market is expected to grow and post the highest CAGR during the foreseen period. Economy class has the most seats in any airline fleet. With the growth of the middle-class population around the world, the demand for the economy class has increased dramatically in recent years.
Based on geography, the Global Commercial Aircraft In-Seat Power System Market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these, the Asia-Pacific region is supposed to generate the largest market demand for on-board power systems in commercial aircraft during the forecast period. This growing demand is mainly due to the increase in orders and deliveries of new aircraft, driven by the increasing passenger traffic in the area.
Key market players:
The key players in the commercial aircraft in-seat power system market include Astronics Corporation, KID-Systeme GmbH, Mid-Continent Instrument Co. Inc., InFlight Peripherals Ltd, and Inflight Canada Inc.
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