The global aircraft soft goods market is predicted to garner favorable revenue proceeds on account of rising inclination towards aesthetically pleasing aircraft interior. Airline manufacturers are investing more on offering a high degree of comfort and safety to passengers by means of adopting aircraft soft goods.
Growing number of MRO facilities in developing nations and proliferating demand for air travel has supported product deployment in recent years. Increasing availability of commercial airliners could broaden the business horizon for aircraft soft goods manufacturer. According to Global Market Insights, Inc., estimates that the aircraft soft goods market might cross USD 690 million by the year 2026.
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Surge in air travel especially across emerging economies like India and China has boosted the demand for narrow-body aircraft. Rapid technological development meanwhile are helping enhance flight reliability & safety.
Aircraft manufacturers are stressing more on incorporating advanced aircraft textiles that are fire-resistant and that ensure aircraft cabin safety whilst maximizing occupant’s survivability chance in aircraft accidents. Increasing emphasis on improving flight and passenger safety could strengthen the aircraft soft goods industry growth over the forecast timeframe.
Why are aircraft curtains gaining traction?
Efforts to enhance the aesthetic qualities of commercial airplanes and business jets has boosted the adoption of curtains in aircraft. Surging development of aircraft with bigger cabin spaces that offer personalized space for long-distance travel could fuel product demand. Moreover, rising adoption of lightweight floor coverings that provides improved flexibility & durability could help increase underfoot comfort and fuel efficiency.
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How will the tourism sector influence Europe aircraft soft goods market trends?
Europe is regarded as a lucrative ground for airplane soft goods manufacturers and is expected to register a CAGR of 2.5% within the projected timeframe. Rising number of foreign tourists in the region supported by rapid expansion of airline production activities could accelerate the demand for aircraft soft goods.
Europe also has a rich presence of globally renowned aircraft manufacturers. While the regional government is focusing on overhauling the aviation industry to a more carbon-free sector. Recently, the UK government revealed its mission to reach Net Zero CO2 emissions by 2050, which would see the emergence of the world’s first zero-emission long-haul passenger aircraft.
Which business strategies are widely being used by prominent industry players?
Companies operating in the aircraft soft goods industry are working on developing new product lineups by conducting R&D activities and forming strategic alliances. Taking July 2020 for instance, Virgin Galactic developed a new cabin interior design for SpaceShipTwo that would allow human spaceflight for private researchers and individuals. The company also intends to develop immersive cabin interiors and spaceflight experiences for aspiring astronauts across the world.
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