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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 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.