Commercial Aircraft In-seat Power System Market Growth, Trends and Forecast by 2031

MARKET OVERVIEW

The in-seat power system is a type of system that includes the power outlets and plug configuration that are available to airline passengers attached to their seats. The in-seat power system is becoming the expectation of the airline passenger. In-seat power system enables passenger devices to operate during the flight, enabling them to work and to communicate. The dramatic rise in passenger traffic and the implementation of new emission regulations have led to a significant increase in demand for new generation aircraft purchases. This is expected to have a positive impact on the commercial aircraft in-seat power system market, as the majority of airlines are offering this feature to their new fleet in order to improve their customer experience during flights.

MARKET SCOPE

The "Global Commercial Aircraft In-Seat Power System Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the commercial aircraft in-seat power system market with detailed market segmentation by class type, aircraft type, and geography. The report provides key statistics on the market status of the leading commercial aircraft in-seat power system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of class type, the market is segmented economy class, business class, premium economy class, and first-class.
  
•   Based on aircraft type, the market is segmented into narrowbody aircraft, widebody aircraft, and corporate jets.
  

MARKET DYNAMICS

Drivers:

•   Substantial rise in passenger traffic across the world and escalation in personal gadget usage in flight is driving the growth of the commercial aircraft in-seat power system market.
  
•   Furthermore, growing demand of charging ports in economy class is anticipated to create market opportunities for the commercial aircraft in-seat power system market during the forecast period.
  

Restraints:

•   The high initial and maintenance cost may restrain the growth of the commercial aircraft in-seat power system market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The commercial aircraft in-seat power system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the commercial aircraft in-seat power system market.

IMPACT OF COVID-19 ON COMMERCIAL AIRCRAFT IN-SEAT POWER SYSTEM MARKET

Several airlines throughout the world are experiencing looming losses and liquidity crises as a result of the Covid-19 pandemic's impact on the airline sector, which may result in the cancellation or postponement of aircraft deliveries and cabin refit initiatives. During the forecast period, this will stifle market growth. The pandemic has also had an impact on production sites throughout the aerospace supply chain. To meet the demand for new airplanes, major aircraft manufacturers have decreased their production rates. Most tier-1 and tier-2 players, such as in-seat power system makers, will be hampered by a reduction in production rate, posing a threat to their growth.

MARKET PLAYERS

The report covers key developments in the commercial aircraft in-seat power system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from commercial aircraft in-seat power system market are anticipated to lucrative growth opportunities in the future with the rising demand for commercial aircraft in-seat power system in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the commercial aircraft in-seat power system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AAR
  
•   AstrodyneTDI
  
•   Astronics Corporation
  
•   Burrana
  
•   GVH Aerospace Ltd.
  
•   Imagik International Corp
  
•   INFLIGHT CANADA
  
•   InFlight Peripherals Ltd.
  
•   KID-Systeme GmbH
  
•   Mid-Continent Instrument Co., Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Commercial Aircraft In-seat Power System Report Scope