The UK aircraft cabin interior market is projected to grow at a significant CAGR of 7.3% during the forecast period. UK is the 2ndlargest developed economy in Europe after Germany with a nominal GDP of $2.93 trillion in 2019 as per the International Monetary Fund. The key aspects that enhance the growth of the market includes the rise in the aviation sector across the country. The aviation sector contributes significantly to boosting economic activity in UK. According to the IATA, in 2019, this sector provided 1.56 million jobs, and $110 billion of gross value to the GDP, which accounts for 4.5% of UK GDP. However, the outbreak of COVID-19 significantly impacted the UK aviation industry, affecting passenger traffic, air cargo demand, airport workforce, and incoming revenues.
Browse the full report description of "UK Aircraft Cabin Interior Market Size, Share & Trends Analysis Report by Type (Seating, In-Flight Entertainment & Connectivity, Cabin Lighting, Galley & Lavatory, Windows & Windshields, Flooring, Interior Panels, and Others), by Material Type (Alloys (Aluminum, Steel, and Others), Composites (Carbon, Glass, and Others), and Others), by Class (First Class, Business Class, and Economy & Premium Economy Class) by Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, and Large Body Aircraft) Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/uk-aircraft-cabin-interior-market
Nevertheless, post-COVID-19, a substantial growth is expected in the near future. Further, the presence of the key players operating in the market are also likely to aid the growth of the market during the forecast period. For instance, in July 2020, Panasonic Avionics Corp. and Middle East Airlines Air Liban (MEA) partnered in order to provide eX1 seatback, an inflight entertainment and connectivity (IFEC) solution offered by the company for 15 of its Airbus A321 family aircraft. On the other hand, in June 2020, Collins Aerospace Systems introduced the Cabin Air Recirculation high-efficiency particulate air (HEPA) filter installation kit for use on Dash 8 (-100/-200/-300) aircraft. Hence, such activities adopted by the key players are likely to aid the growth of the market during the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
UK Aircraft Cabin Interior Market – Segmentation
By Type
By Material Type
By Class
By Aircraft Type