Cabin Interior Composites Market

Global Cabin Interior Composites Market Size (2024 to 2029)

The global cabin interior composites market is expected to grow at a CAGR of 7.12% from 2024 to 2029 and the global market size is expected to reach USD 4.08 bn by 2029 from USD 2.89 in 2024.

The aircraft industry follows stringent rules and regulations, which create robust growth opportunities for the use of cabin interior composites that meet the expected standards. In addition, the increasing quest to prioritize passenger comfort and personalization is greatly influencing the market’s growth rate. The airline industry is focusing on the enhancement of the passenger experience with all the latest technologies available. The launch of innovative products to enhance the performance of the aircraft and increasing investments in the development of premium products are ascribed to bolster the demand for cabin interior composites.

Global Cabin Interior Composites Market Drivers:

Cabin interior composites are one of the major aspects of the airline industry that provide a compact and pleasant experience to passengers. Airlines are targeting high-end customers to avail extraordinary travel experiences by expecting maximum returns through cabin interiors. Cabin Interior provides innovative products like composite panels, in-flight entertainment, plastic molding, and others that emphasize the comfortable journey for the passengers. Therefore, the aircraft industry is investing more in cabin interior composites, which are leveraging the growth rate of the market. For the past few years, cabin interior composites have played a crucial role in upgrading cabin interiors by closely working with the original equipment manufacturer (OEM). Their main moto is to produce lightweight products and occupy less space. These designs provide a comfortable journey experience to the passengers that generates revenue.

An increasing number of travelers is also elevating the demand to provide more seats with special interior designs in the airlines, which is greatly influencing the growth rate of the cabin interior composites market. For instance, around 194 million passengers traveled on US airlines as of 2022.

Rapid urbanization and growing per capita income are some others that are positively impacting the market value in both developed and developing countries. The airline industry is particularly focusing on launching lightweight aircraft products with the latest technological advancements that are leveraging the demand for the use of cabin interior composites. The ultimate goal of the airline industry is to reduce carbon footprints in whatever way possible. Carbon interior composites comprised of carbon fiber, glass fiber, and others are capable of producing highly durable and possess strength that is indispensable to aircraft design. These materials also reduce carbon emissions and enhance fuel efficiency, which is a major key factor for the market to grow in the coming period.

Global Cabin Interior Composites Market Restraints:

However, fluctuations in the price of raw materials are one of the significant factors that are causing the growth rate of the cabin interior composite market to decline. The manufacturing cost of durable products with lightweight properties is very high when compared with normal products. The production process with cabin interior composites requires high-quality raw materials that will be processed under the latest technologies, contributing to the high cost of the end products. In addition to this, these technologies require skilled personnel to handle all the operations involved in the overall process, where a lack of skilled people also inhibits the growth rate of the market.

Difficulty in getting approvals from the higher authorities as every material produced for the aircraft should meet necessary requirements, which is a challenging factor for the growth of the market. The approval process is lengthy as it involves many aspects of testing the product, such as toxicity levels, smoke emission, and others. The increasing global crisis will also substantially impede market growth opportunities in the coming years.

Impact of COVID-19 on the global cabin interior composites market: 

COVID-19 affected the cabin interior composites market negatively. Complete lockdown restrictions disrupted the growth rate of the market as the government authorities restricted traveling to curb the spread of the virus in 2020. Reduced investors and decreased dominance of the key players imposed a negative impact on the market share directly. All the operations were halted during this time due to disruptions in the supply chain. However, the cabin interior composites market size started to bounce at a faster rate once the lockdown was eased across the world. All the activities were resumed, and hence, the demand for the production of quality products increased in the airline industry.

REPORT COVERAGE:

This research report on the global cabin interior composites market has been segmented and sub-segmented based on the aircraft type, composite type, sales channel, application, process type, & region.

Global Cabin Interior Composites Market - By Aircraft Type: 

• Narrow-body aircraft
• Wide-body aircraft
• Regional Aircraft
• Business Jet

The narrow-body aircraft segment is leading with the highest market share and is expected to continue the same growth rate throughout the forecast period. The narrow-body aircraft type is mostly used for domestic use where the operating cost is low comparatively. This segment accounts for approximately 60% of the global cabin interior composites market share. The wide-body aircraft segment is expected to grow at a higher rate in the coming years. Increasing demand to raise the number of wide-body aircraft in emerging countries is enhancing the growth rate of this segment.

Global Cabin Interior Composites Market -By Composite Type: 

• Glass Fiber Composites
• Carbon Fiber Composites
• Others

The glass fiber composites segment is ruling with the dominant market share, whereas the carbon fiber composites segment is gaining traction over the growth rate of the market. Glass fiber composites exhibit many good properties, such as high strength, low density, and easy processing. Other than these properties, it is highly resistant to corrosion when compared with aluminum and other metals.

Global Cabin Interior Composites Market - By Sales Channel: 

• OE
• Aftermarket

The original equipment segment is ascribed to have a prominent growth rate with the increasing demand to raise the number of aircraft in major countries due to rising air passengers. The aftermarket segment is likely to hold prominent growth opportunities in the coming period.

Global Cabin Interior Composites Market - By Application: 

• Floor Panels
• Galleys/galley Inserts
• Lavatories
• Stowages
• Cabin Linings
• Cargo Liners
• Seats
• Ducts
• Others

The cabin linings segment is expected to grow at a CAGR of 10.8% during the forecast period 2024-2029. Growing competition between the key players to launch several of the latest technological products is surging the growth rate of this segment.

Global Cabin Interior Composites Market - By Process Type:

• Sandwich Construction
• Compression molding
• Others

The sandwich construction segment is ruling with the largest market share due to the rising conceptual planning and design of the interior of the aircraft. This structure comes with minimal weight with high bending stiffness. The compression molding segment is likely to grow prominently in the foreseen period. Compression molding has high advantages in performing small or medium production runs.

Global Cabin Interior Composites Market - By Region: 

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The North American cabin interior composites market is leading with the dominant share of rapidly increasing disposable income in urban areas. The presence of key players and a high number of developments are amplifying the market share in this region. The US and Canada are the major countries contributing the highest market share. Also, stringent rules and regulations by the government to promote eco-friendly products in order to lower carbon emissions are also greatly influencing the market value. Additionally, the trend toward the production of lightweight products to enhance fuel efficiency is leveraging the market growth rate.

Asia Pacific is positioned second in leading the cabin interior composite market share. China is showcasing huge growth opportunities for the market with the rising number of air passengers. As per reports, the number of air passengers per day accounted for 89,000, with 12,700 flights in a day. It is estimated that the number is going to spike in the coming time. India is also likely to have the dominant share in the cabin interior composites market. Domestic air traffic in 2023 recorded an all-time high number, with 15.2 crore passengers in 2023. The Indian government is making huge investments in airport infrastructure, and the prediction is that the revenues for airlines are going to increase at a random rate in 2024 due to the growing number of post-pandemic travel passengers. The aviation industry has a wonderful scope in the Asia Pacific with emerging countries like India, China, Japan, and others.

Europe's cabin interior composites market is expected to have the fastest growth rate during the forecast period. The demand for zero-emissions and zero-carbon aircraft is eventually growing in Europe. This program is becoming a trend in Europe, where top key players are actively participating. Europe’s aviation industry is planning to bring zero-emission aircraft by 2040. Cabin interior composites play a crucial role in bringing sustainability to aircraft designs with low emissions of the fuel.

Latin America, the Middle East & Africa are estimated to have a prominent growth rate with the growing popularity of manufacturing premium airlines to generate revenues.

KEY MARKET PLAYERS:

The major players in the Cabin Interior Composites Market are AIM Altitude Limited (AVIC), Collins Aerospace (Raytheon Technologies Corporation), Diehl Stiftung & Co. KG, FACC AG, JAMCO Corporation, The Gill Corporation, The NORDAM Group LLC, Triumph Group, Inc., Safran SA, Singapore Technologies Engineering Ltd

RECENT HAPPENINGS IN THE MARKET: 

• In 2023, FACC AG and Kordsa collaborated together to introduce epoxy-based products such as fire retardant products. This collaboration is to meet the stringent fire resistance and sustainability criteria in the civil aviation industry.