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AIRCRAFT SOFT GOODS MARKET IN REGIONAL JETS SEGMENT IS PROJECTED TO WITNESS A HEALTHY CAGR OVER 6.5% BY 2024

June 27, 2019 / Ronak Bora

Improvement in airplane interiors to enhance the overall comfort level and aesthetics for passengers will escalate aircraft soft goods market share from 2018 to 2024. Commercial aircrafts will contribute over 85% of the overall revenue share in 2017. The growth can be credited to the expansion of overall aerospace industry and rising comfort level demand from passengers. Regional jets segment will witness a healthy CAGR of over 6.5% from 2018 to 2024 owing to increasing regional flight frequency and utilization of lightweight upholstery products in these airplanes. Aircraft soft goods market, of late has been witnessing commendable advancements, given the rapidly changing dynamics of the aviation industry. Aircraft interiors, despite being a part of mainstream aviation for years, has lately come into the limelight as its commercialization has taken a new direction. Thanks to the advancement in infrastructure and globalization trends, there has been a robust increase in the number of pa...