Latin America Commercial Aircraft Cabin Interior Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Commercial Aircraft Cabin Interior Market Analysis
The Latin American commercial aircraft cabin interior market is anticipated to register a CAGR of over 3% during the forecast period.
The COVID-19 pandemic has had a major effect on the Latin American commercial aircraft cabin interior market. The onset of the COVID-19 pandemic led to a decline in air travel in the Latin American region owing to restrictions on travel as well as lockdowns that were being implemented by various countries in the Latin American region. Moreover, the pandemic also led to restrictions in terms of the supply of components to cabin interior manufacturers and this led to a decline in terms of production as well as revenue. In addition, the decline in the number of new aircraft deliveries during the COVID-19 pandemic also hampered the market for commercial aircraft cabin interiors in Latin America.
On the other hand, the decline in the COVID-19 pandemic paved the way for various new opportunities in the Latin American region. The increase in air travel owing to various countries lifting lockdown restrictions paved the way for increased demand for new aircraft deliveries to cater to the growing air passenger traffic in the region. Moreover, the decline in the pandemic also led to manufacturers recieving the parts and components required to manufacture the end product of cabin interiors thereby increasing their production as well as revenue. Thus, such developments will lead to the market witnessing growth during the forecast period.
Airlines in Latin America are expanding their fleet size to cater to the growth in air passenger traffic in recent years, which is expected to primarily generate demand for aircraft cabin interior parts and components. Additionally, as cabin interior forms an integral part of a passenger's overall travel experience, a few airlines are refurbishing their cabin interiors. However, the grounding of Boeing 737MAX and the recent outbreak of the COVID-19 pandemic is expected to impact the aviation sector in Latin America and result in the cancelation of orders for new aircraft. This effect on the procurement plans of airlines is anticipated to hamper the market growth in the coming years.
Latin America Commercial Aircraft Cabin Interior Market Trends
This section covers the major market trends shaping the Latin America Commercial Aircraft Cabin Interior Market according to our research experts:
The In-Flight Entertainment Systems is Expected to Witness Significant Growth During the Forecast Period
The inflight entertainment systems are expected to witness significant growth during the forecast period. The increase in the demand for new aircraft with advanced in-flight entertainment systems and the growth in the number of air passenger traffic will lead to the market witnessing growth in the near future.
The Latin American region, in the present scenario, is witnessing growth in terms of air passenger traffic and aircraft deliveries. According to the reports published by the Latin American and Caribbean Air Transport Association (ALTA), Latin America as well as the Caribbean continued to be the leading region in terms of recovery of commercial air transport activity from pre-pandemic levels. In April 2022, the international Revenue Passenger-Kilometer (RPKs) in Latin America had rebounded up to 96% of 2019 levels, followed by the Caribbean with a 75% recovery and South America with a 74%. Moreover, there were approximately 2.42 million commercial passenger flights in September 2022 as compared to 2.64 million in August 2022, while 2.07 million flights were recorded in September 2021 in the Latin American region.
The significant progress toward recovery achieved in April 2022 is mainly due to the fact that travel restrictions imposed by various governments on international traffic have been eased or eliminated. In addition, six countries in Latin America such as Mexico, Costa Rica, El Salvador, Argentina, Cuba, and the Dominican Republic have now fully opened up their borders. Several countries in the Latin American region have seen an accelerated recovery with respect to pre-pandemic levels, such as Colombia, which exceeded its 2019 levels by 30% for the month of April, followed by Mexico, with 6% above its 2019 levels. The increase in the number of travelers has led the aviation industry of Latin America to increase their procurement of new-generation aircraft with better in-flight entertainment system options. For instance, in November 2021, LATAM airlines announced that they have added HBO Max content to their offerings of in-flight entertainment on board their aircraft. LATAM airlines as well as Warner Media Group have strengthened their alliance through the introduction of HBO Max. Moreover, LATAM Airlines Group will be the first in Latin America to enter this alliance, with preferential access to the HBO Max library. The alliance includes exclusive premieres like 'Friends: The Reunion' and 'Raised by Wolves,' among other hit shows. Thus, such developments will lead to the market witnessing significant growth during the forecast period.
By Geography, Brazil is Expected to Witness Significant Growth During the Forecast Period
By geography, Brazil is expected to witness significant growth during the forecast period. This is attributed to the increase in air passenger traffic and the rise in preference for luxury and comfort travel by passengers in the region. The increasing demand for air travel in this region has led to the growth of the aviation industry in Brazil, as airlines are expanding their aircraft fleets. The business aviation aircraft in Brazil is witnessing a significant increase in recent time periods. In 2022, business activity in Brazil witnessed an increase of 174% as compared to 2019. In 2022, Brazil witnessed 38,574 business aircraft operations which was an increase of 38% as compared to 28,040 aircraft operations in 2021. Over the years, the Brazilian government has realized the impact of the aviation industry on the country's GDP and has amended a few of the regulatory barriers. These include the decisions on allowing 100% foreign ownership of airlines in the country and removing the free checked baggage allowance. Such developments may allow the airlines in Brazil to offer a wider choice to passengers, which can improve the air passenger traffic in and out of the country. The reintroduction of baggage allowance regulation may generate demand for more space in the cabin overhead bins of the airlines in the coming years, thereby, forcing the airlines to make cabin enhancements in the future and this will lead to the market witnessing growth during the forecast period.
Latin America Commercial Aircraft Cabin Interior Industry Overview
The prominent players in the Latin American commercial aircraft cabin interior market are Safran SA, Honeywell International Inc., Panasonic Avionics Corporation, Collins Aerospace (Raytheon Technologies Corporation), and Diehl Aerospace GmbH amongst others. The vendors in the market are mainly focusing on the designing, engineering, and manufacturing of aesthetically pleasant and high-performance cabin interior systems. The major players in the market are the line-fit cabin interior providers for major aircraft programs, like Airbus, Boeing, and Embraer. Investments in advanced cabin interior systems, like mood lighting, in-flight live streaming, and new fiber seats with smart sensors to control pressure, are driving the demand in the market. Increasing investments to retrofit the aforementioned technologies into the aircraft by the airlines are anticipated to help the companies increase their presence in the region.
Latin America Commercial Aircraft Cabin Interior Market Leaders
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Safran SA
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Honeywell International Inc.
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Panasonic Avionics Corporation
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Collins Aerospace
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Diehl Aerospace GmbH
*Disclaimer: Major Players sorted in no particular order
Latin America Commercial Aircraft Cabin Interior Market News
In December 2022, Airbus announced that they delivered between 20 and 25 new aircraft to the Mexican market for Volaris and Viva Aerobus.
In July 2022, Latam Airlines announced that they have ordered 17 A321 neo aircraft to further expand their route offering. Additionally, the airline has also confirmed to bring in the A321 XLR to complement its long-haul operations.
Latin America Commercial Aircraft Cabin Interior Market Report - Table of Contents
1. Introduction
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Product Type
5.1.1 Seats
5.1.2 Cabin Lighting
5.1.3 In-flight Entertainment Systems
5.1.4 Windows
5.1.5 Galleys and Lavatories
5.1.6 Other Product Types
5.2 Class
5.2.1 First Class
5.2.2 Business Class
5.2.3 Economy Class
5.3 Country
5.3.1 Brazil
5.3.2 Mexico
5.3.3 Argentina
5.3.4 Rest of Latin America
6. Competitive Landscape
6.1 Vendor Market Share
6.2 Company Profile
6.2.1 Safran SA
6.2.2 Panasonic Avionics Corporation
6.2.3 Diehl Aerospace GmbH
6.2.4 Raytheon Technologies Corporation
6.2.5 Honeywell International Inc.
6.2.6 RECARO Holding GmbH
6.2.7 Thales Group
6.2.8 Thompson Aero Seating Ltd
6.2.9 Jamco Corp.
6.2.10 Triumph Group Inc.
6.2.11 Inmarsat Global Limited
6.2.12 Geven SpA
7. Market Opportunities and Future Trends
Latin America Commercial Aircraft Cabin Interior Industry Segmentation
An aircraft cabin is the section of an aircraft in which passengers travel. A cabin interior consists of a variety of components and systems, such as cabin seats, windows, galley, in-flight entertainment and connectivity systems, lavatory, aircraft interior panels, storage bins and cabin lighting amongst others.
Latin America Commercial Aircraft Cabin Interior Market has been segmented by product type, class, and geography. By product type, the market has been segmented by seats, cabin lighting, in-flight entertainment systems, windows, galleys, lavatories, and other product types. By class, the market has been segmented into first class, business class, and economy class. By geography, the market has been segmented into Brazil, Mexico, Argentina, and the Rest of Latin America. Moreover, the report offers a market forecast and is represented by USD million. Furthermore, the report also includes various key statistics on the market status of leading market players and provides key trends and opportunities in Latin America Commercial Aircraft Cabin Interior Market.
| Product Type | |
| Seats | |
| Cabin Lighting | |
| In-flight Entertainment Systems | |
| Windows | |
| Galleys and Lavatories | |
| Other Product Types |
| Class | |
| First Class | |
| Business Class | |
| Economy Class |
| Country | |
| Brazil | |
| Mexico | |
| Argentina | |
| Rest of Latin America |
Latin America Commercial Aircraft Cabin Interior Market Research FAQs
What is the current Latin America Commercial Aircraft Cabin Interior Market size?
The Latin America Commercial Aircraft Cabin Interior Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Latin America Commercial Aircraft Cabin Interior Market?
Safran SA, Honeywell International Inc., Panasonic Avionics Corporation, Collins Aerospace and Diehl Aerospace GmbH are the major companies operating in the Latin America Commercial Aircraft Cabin Interior Market.
What years does this Latin America Commercial Aircraft Cabin Interior Market cover?
The report covers the Latin America Commercial Aircraft Cabin Interior Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Commercial Aircraft Cabin Interior Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Commercial Aircraft Cabin Interior Industry Report
Statistics for the 2024 Latin America Commercial Aircraft Cabin Interior market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Latin America Commercial Aircraft Cabin Interior analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
