Asia-Pacific Commercial Aircraft Cabin Interior Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2030 | |
Market Size (2024) | USD 2.23 Billion | |
Market Size (2030) | USD 4.06 Billion | |
Largest Share by Product Type | Passenger Seats | |
CAGR (2024 - 2030) | 10.48 % | |
Largest Share by Country | China | |
Market Concentration | Low | |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Commercial Aircraft Cabin Interior Market Analysis
The Asia-Pacific Commercial Aircraft Cabin Interior Market size is estimated at 2.23 billion USD in 2024, and is expected to reach 4.06 billion USD by 2030, growing at a CAGR of 10.48% during the forecast period (2024-2030).
2.23 Billion
Market Size in 2024 (USD)
4.06 Billion
Market Size in 2030 (USD)
-6.59 %
CAGR (2017-2023)
10.48 %
CAGR (2024-2030)
Largest Market by Product Type
36.96 %
value share, Passenger Seats, 2023
The passenger seat category leads the Asia-Pacific cabin interior market. The demand for ergonomic seats with enhanced features is a new and emerging trend in passenger aviation.
Fastest-Growing Market by Product Type
10.63 %
Projected CAGR, Passenger Seats, 2024-2030
The growing per capita income, rising demand for better in-flight facilities, and increased competition among airlines boosted the segment's growth in Asia-Pacific.
Largest Market by Aircraft Type
62.01 %
value share, Narrowbody, 2023
A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps reduce airlines' operating costs, resulting in its rapid adoption. The increasing domestic air passenger traffic globally also leads to the market's dominant share.
Largest Market by Country
52.76 %
value share, China, 2023
The presence of a large passenger aircraft fleet and healthy demand for new aircraft helped China become the largest cabin interior market in Asia-Pacific.
Leading Market Player
21.80 %
market share, Collins Aerospace, 2022
Collins Aerospace dominates the Asia-Pacific cabin interior market with a strong product portfolio in the cabin interior category, including seats, lighting, galleys, and other products.
The other product types segment, comprising galleys, lavatories, etc., is expected to witness significant growth
- The Asia-Pacific commercial aircraft cabin interior market has been segmented by product type into seats, cabin lighting, in-flight entertainment systems, windows, galley and lavatories, and other product types. The airline companies in the region are focusing on increasing the utility of these products while improving overall passenger comfort and experience.
- An enhanced seating structure with more developed space than economy-class seats has become highly essential due to the rising preferences of business-class travelers. Asia-Pacific airline operators and OEMs are increasing their efforts to reduce aircraft weight and develop a sustainable way to manage the airline industry in line with the goal of reaching zero emissions by 2050.
- The airlines in the region are moving toward advanced LED lighting as LED lighting has helped the airlines eliminate various drawbacks of existing interior cabin lights in terms of efficiency, reliability, durability, and weight. Therefore, the advancement in LED lighting by various OEMs over conventional aircraft cabin lights is expected to drive market growth.
- Major carriers, such as Air India, Singapore Airlines, and China Southern Airlines, are working on product improvisation of in-flight entertainment screens in terms of screen quality and features. Over 4,000 passenger aircraft are expected to be delivered in the region during 2022-2028. The surge in aircraft procurement numbers is expected to boost the demand for commercial aircraft cabin interior products in the passenger aviation industry during the forecast period.
China is driving the commercial aircraft cabin interior market with a market share of 48% in the region
- The rise in the per capita income of the population due to increased economic and infrastructure development has aided the growth of the number of air passengers and has supported the fleet expansion plans of domestic and regional airlines.
- During the past few years, major countries in the region, like China, India, and Japan, have witnessed a rapid increase in their passenger traffic, resulting in large orders for new aircraft from airlines operating in the region.
- China is driving the commercial aviation space in this region and is the largest aviation market globally. The country developed the indigenous aircraft COMAC C919, and aircraft deliveries were expected to start in 2022.
- The rise in the delivery of new commercial passenger aircraft has positively driven the growth of the cabin interior market. Leading aircraft manufacturer Airbus has estimated that the demand for aircraft in Asia-Pacific is expected to be 17,000+ aircraft by 2040. In 2021, Boeing delivered 91 aircraft in Asia-Pacific, while 30% of the aircraft deliveries of Airbus were in Asia-Pacific in the same year.
- Major carriers, such as Air India, Singapore Airlines, and China Southern Airlines, are working on product improvisation of in-flight entertainment screens in terms of screen quality and features. The airlines in the region are moving toward advanced LED lighting as LED lighting has helped the airlines eliminate various drawbacks of existing interior cabin lights in terms of efficiency, reliability, durability, and weight.
Asia-Pacific Commercial Aircraft Cabin Interior Market Trends
An increase in international passenger traffic post the COVID-19 pandemic is driving market demand
- As cross-border travel was progressively restored in 2022 post the COVID-19 pandemic, the carriers in Asia-Pacific raced to increase their flights to meet runaway demand, stimulated by people's desire to travel and cash in on savings accumulated in the two years of isolation. As a result, in 2022, the air passenger traffic in the region recovered more rapidly from the pandemic than in the other regions. For instance, in 2022, air passenger traffic in the whole of Asia-Pacific was recorded at 1.9 billion, a growth of 6% compared to 2021 and 151% compared to 2020. Airline companies in the region are implementing fleet expansion plans to cater to the growing air passenger traffic in the major countries. China, India, Japan, and Indonesia accounted for 70% of the total air passenger traffic in the region, generating higher demand for new aircraft compared to other Asia-Pacific countries.
- Airlines in Asia-Pacific also witnessed a good recovery in international air passenger markets as travel demand continued to fuel growth despite increasingly challenging global economic conditions. For instance, in August 2022, the region recorded 13.1 million international air passenger traffic, an 836% increase compared to August 2021, when it was recorded at 1.4 million. The healthy growth in international passenger traffic in the first eight months of the year showed strong travel demand from business and leisure consumers. The rapid increase in air passenger traffic in the region is expected to drive the air transport industry in the future.
Demand in major industries, such as manufacturing and construction, boosting the GDP
- The Asia-Pacific region had a GDP of around USD 36 trillion in 2022. Of the total GDP, the air transport industry in China contributes around USD 80 billion annually. In India and South Korea, the aviation industry contributed around USD 13 billion and USD 30 billion, respectively, to the GDP. In terms of GDP per capita in the region, China recorded the highest growth rate of 61% during 2017-2022. In contrast, other major countries, such as India and South Korea, accounted for 27% and 11%, respectively.
- The COVID-19 pandemic severely impacted the GDP per capita of regional countries, with major economies witnessing a decline in demand in major industries, such as manufacturing and construction, leading to many job losses. The GDP per capita income of the overall Asia-Pacific region declined by 1% in 2020. The supply of domestic goods and services supported the Asia-Pacific countries in mitigating the impact of the pandemic.
- By country, Japan's GDP per capita declined by 1.3% in 2020, while India's GDP declined by 6%. In 2022, the recovery in economic activities, with surging demand for goods and services from these countries, was reflected in the region's GDP per capita, which increased by over 7% compared to 2021. The penetration of air travel is correlated with GDP per capita. Countries with higher GDP per capita tend to have higher numbers of air passengers. Asia-Pacific's GDP per capita income surged by around 30% during 2017-2022, which is expected to aid the overall passenger aviation industry in the future.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The introduction of long-range narrowbody aircraft is the key market driver in Asia-Pacific
- The demand for smaller and more efficient aircraft is the driving factor for aircraft backlog in Asia-Pacific
- Rising air travel demand and funds that are being allocated for airport infrastructures are the factors driving the growth of the market
- Boeing dominated the market with USD 67 billion in revenue compared to Airbus's USD 63 billion in 2022
- Airbus A321neo and Boeing 737 Max record the highest gross orders
- Adopting new lightweight materials and structures is the new trend to reduce fuel consumption
Asia-Pacific Commercial Aircraft Cabin Interior Industry Overview
The Asia-Pacific Commercial Aircraft Cabin Interior Market is fragmented, with the top five companies occupying 39.51%. The major players in this market are Collins Aerospace, Jamco Corporation, Panasonic Avionics Corporation, Recaro Group and Safran (sorted alphabetically).
Asia-Pacific Commercial Aircraft Cabin Interior Market Leaders
Collins Aerospace
Jamco Corporation
Panasonic Avionics Corporation
Recaro Group
Safran
Other important companies include Astronics Corporation, Diehl Aerospace GmbH, Expliseat, FACC AG, GKN Aerospace Service Limited, Luminator Technology Group, SCHOTT Technical Glass Solutions GmbH, STG Aerospace, Thales Group, Thompson Aero Seating.
*Disclaimer: Major Players sorted in alphabetical order.
Asia-Pacific Commercial Aircraft Cabin Interior Market News
- July 2023: Jamco Corporation announced that through a collaboration with KLM Royal Dutch Airlines (KLM), its premium class seats, Venture reverse herringbone, were installed in the World Business Class (WBC) of KLM's B777 Fleet.
- June 2023: United will be the first US airline to offer Panasonic's Astrova system, giving customers exclusive features like 4K OLED screens, high fidelity audio, and programmable LED lighting, starting in 2025.
- June 2023: French designer and aircraft seat manufacturer Expliseat is expected to deliver more than 2,000 units of its latest TiSeat model named E2. This model will be installed on the aircraft of the expanding Kuwaiti airline Jazeera Airways, which uses the Airbus A320 and A321 models, providing additional comfort to its passengers.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, number of flights performed by global airline industry, fuel costs of airlines as a percentage of expenditure, fuel consumption of commercial airlines, average price of brent crude oil, inflation, commercial aircraft cabin seating volume share by region and commercial aircraft windows by region.
Asia-Pacific Commercial Aircraft Cabin Interior Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Air Passenger Traffic
2.2. New Aircraft Deliveries
2.3. GDP Per Capita (current Price)
2.4. Revenue Of Aircraft Manufacturers
2.5. Aircraft Backlog
2.6. Gross Orders
2.7. Expenditure On Airport Construction Projects (ongoing)
2.8. Expenditure Of Airlines On Fuel
2.9. Regulatory Framework
2.10. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
3.1. Product Type
3.1.1. Cabin Lights
3.1.2. Cabin Windows
3.1.3. In-Flight Entertainment System
3.1.4. Passenger Seats
3.1.5. Other Product Types
3.2. Aircraft Type
3.2.1. Narrowbody
3.2.2. Widebody
3.3. Cabin Class
3.3.1. Business and First Class
3.3.2. Economy and Premium Economy Class
3.4. Country
3.4.1. China
3.4.2. India
3.4.3. Indonesia
3.4.4. Japan
3.4.5. Singapore
3.4.6. South Korea
3.4.7. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Astronics Corporation
4.4.2. Collins Aerospace
4.4.3. Diehl Aerospace GmbH
4.4.4. Expliseat
4.4.5. FACC AG
4.4.6. GKN Aerospace Service Limited
4.4.7. Jamco Corporation
4.4.8. Luminator Technology Group
4.4.9. Panasonic Avionics Corporation
4.4.10. Recaro Group
4.4.11. Safran
4.4.12. SCHOTT Technical Glass Solutions GmbH
4.4.13. STG Aerospace
4.4.14. Thales Group
4.4.15. Thompson Aero Seating
5. KEY STRATEGIC QUESTIONS FOR COMMERCIAL AIRCRAFT CABIN INTERIOR CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, BY COUNTRY, NUMBER OF PASSENGERS TRAVELLED, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- NEW AIRCRAFT DELIVERIES, NUMBER OF AIRCRAFTS DELIVERED, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- GDP PER CAPITA (CURRENT PRICE), BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- REVENUE OF AIRCRAFT MANUFACTURERS, USD, ASIA-PACIFIC, 2017 - 2022
- Figure 5:
- AIRCRAFT BACKLOG BY MANUFACTURER, NUMBER OF AIRCRAFT, ASIA-PACIFIC, 2017 - 2023
- Figure 6:
- GROSS ORDERS, BY MANUFACTURER, NUMBER OF AIRCRAFT, ASIA-PACIFIC, 2017 - 2022
- Figure 7:
- EXPENDITURE ON AIRPORT CONSTRUCTION PROJECTS (ONGOING), % SHARE, REGION VS OTHERS ,2022
- Figure 8:
- EXPENDITURE OF AIRLINES ON FUEL, % SHARE, ASIA-PACIFIC, 2017 - 2022
- Figure 9:
- ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, VALUE, USD, 2017 - 2030
- Figure 10:
- VALUE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- VALUE SHARE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY PRODUCT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 12:
- VALUE OF CABIN LIGHTS MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 13:
- VALUE SHARE OF CABIN LIGHTS BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- VALUE OF CABIN WINDOWS MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 15:
- VALUE SHARE OF CABIN WINDOWS BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VALUE OF IN-FLIGHT ENTERTAINMENT SYSTEM MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 17:
- VALUE SHARE OF IN-FLIGHT ENTERTAINMENT SYSTEM BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 18:
- VALUE OF PASSENGER SEATS MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 19:
- VALUE SHARE OF PASSENGER SEATS BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 20:
- VALUE OF OTHER PRODUCT TYPES MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 21:
- VALUE SHARE OF OTHER PRODUCT TYPES BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VALUE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 23:
- VALUE SHARE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY AIRCRAFT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 24:
- VALUE OF NARROWBODY MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 25:
- VALUE SHARE OF NARROWBODY BY CABIN CLASS, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 26:
- VALUE OF WIDEBODY MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 27:
- VALUE SHARE OF WIDEBODY BY CABIN CLASS, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 28:
- VALUE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VALUE SHARE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY CABIN CLASS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 30:
- VALUE OF BUSINESS AND FIRST CLASS MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 31:
- VALUE SHARE OF BUSINESS AND FIRST CLASS BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 32:
- VALUE OF ECONOMY AND PREMIUM ECONOMY CLASS MARKET, USD, ASIA-PACIFIC , 2017 - 2030
- Figure 33:
- VALUE SHARE OF ECONOMY AND PREMIUM ECONOMY CLASS BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2023 VS 2030
- Figure 34:
- VALUE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- VALUE SHARE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 36:
- VALUE OF CHINA MARKET, USD, CHINA , 2017 - 2030
- Figure 37:
- VALUE SHARE OF CHINA BY AIRCRAFT TYPE, USD, CHINA, 2023 VS 2030
- Figure 38:
- VALUE OF INDIA MARKET, USD, INDIA , 2017 - 2030
- Figure 39:
- VALUE SHARE OF INDIA BY AIRCRAFT TYPE, USD, INDIA, 2023 VS 2030
- Figure 40:
- VALUE OF INDONESIA MARKET, USD, INDONESIA , 2017 - 2030
- Figure 41:
- VALUE SHARE OF INDONESIA BY AIRCRAFT TYPE, USD, INDONESIA, 2023 VS 2030
- Figure 42:
- VALUE OF JAPAN MARKET, USD, JAPAN , 2017 - 2030
- Figure 43:
- VALUE SHARE OF JAPAN BY AIRCRAFT TYPE, USD, JAPAN, 2023 VS 2030
- Figure 44:
- VALUE OF SINGAPORE MARKET, USD, SINGAPORE , 2017 - 2030
- Figure 45:
- VALUE SHARE OF SINGAPORE BY AIRCRAFT TYPE, USD, SINGAPORE, 2023 VS 2030
- Figure 46:
- VALUE OF SOUTH KOREA MARKET, USD, SOUTH KOREA , 2017 - 2030
- Figure 47:
- VALUE SHARE OF SOUTH KOREA BY AIRCRAFT TYPE, USD, SOUTH KOREA, 2023 VS 2030
- Figure 48:
- VALUE OF REST OF ASIA-PACIFIC MARKET, USD, REST OF ASIA-PACIFIC , 2017 - 2030
- Figure 49:
- VALUE SHARE OF REST OF ASIA-PACIFIC BY AIRCRAFT TYPE, USD, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 50:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, ASIA-PACIFIC, 2017 - 2022
- Figure 51:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET, ASIA-PACIFIC, 2017 - 2022
- Figure 52:
- MARKET SHARE OF ASIA-PACIFIC COMMERCIAL AIRCRAFT CABIN INTERIOR MARKET (%), ASIA-PACIFIC, 2022
Asia-Pacific Commercial Aircraft Cabin Interior Industry Segmentation
Cabin Lights, Cabin Windows, In-Flight Entertainment System, Passenger Seats are covered as segments by Product Type. Narrowbody, Widebody are covered as segments by Aircraft Type. Business and First Class, Economy and Premium Economy Class are covered as segments by Cabin Class. China, India, Indonesia, Japan, Singapore, South Korea are covered as segments by Country.
- The Asia-Pacific commercial aircraft cabin interior market has been segmented by product type into seats, cabin lighting, in-flight entertainment systems, windows, galley and lavatories, and other product types. The airline companies in the region are focusing on increasing the utility of these products while improving overall passenger comfort and experience.
- An enhanced seating structure with more developed space than economy-class seats has become highly essential due to the rising preferences of business-class travelers. Asia-Pacific airline operators and OEMs are increasing their efforts to reduce aircraft weight and develop a sustainable way to manage the airline industry in line with the goal of reaching zero emissions by 2050.
- The airlines in the region are moving toward advanced LED lighting as LED lighting has helped the airlines eliminate various drawbacks of existing interior cabin lights in terms of efficiency, reliability, durability, and weight. Therefore, the advancement in LED lighting by various OEMs over conventional aircraft cabin lights is expected to drive market growth.
- Major carriers, such as Air India, Singapore Airlines, and China Southern Airlines, are working on product improvisation of in-flight entertainment screens in terms of screen quality and features. Over 4,000 passenger aircraft are expected to be delivered in the region during 2022-2028. The surge in aircraft procurement numbers is expected to boost the demand for commercial aircraft cabin interior products in the passenger aviation industry during the forecast period.
Product Type | |
Cabin Lights | |
Cabin Windows | |
In-Flight Entertainment System | |
Passenger Seats | |
Other Product Types |
Aircraft Type | |
Narrowbody | |
Widebody |
Cabin Class | |
Business and First Class | |
Economy and Premium Economy Class |
Country | |
China | |
India | |
Indonesia | |
Japan | |
Singapore | |
South Korea | |
Rest of Asia-Pacific |
Market Definition
- Product Type - Commercial Aircraft cabin interior products such as passenger seats, cabin lighting, inflight entertainment system, cabin windows, lavatories, galley, and stowage bins have been included under the product type in this study.
- Aircraft Type - All the passenger aircraft such as narrowbody and widebody which are single-aisle and twin-aisle are included in this study.
- Cabin Class - Business and First Class, economy and premium economy are classes of air travel provided by the airlines that offer various services to the passengers.
Keyword | Definition |
---|---|
Gross domestic product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
High Dynamic Range (HDR) | Dynamic range describes the ratio between the brightest and darkest parts of an image. HDR is used to capture a greater dynamic range than SDR. |
Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
European Aviation Safety Agency (EASA) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
4K Display | 4K resolution refers to a horizontal display resolution of approximately 4,000 pixels. |
Organic Light Emitting Diode (OLED) | It is the light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current. |
Mean Time Between Failures (MTBF) | The mean time between failures is the predicted elapsed time between inherent failures of a mechanical or electronic system, during normal system operation. |
(Low-Cost Carrier (LCCs) | It is an airline that is operated with an especially high emphasis on minimizing operating costs and without some of the traditional services and amenities provided in the fare |
Electronically Dimmable Windows (EDW) | It is a type of window that blocks up to 99.96% of all visible light and provide full opacity, integrated into the window cassette of the sidewall panel. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step 1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step 2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step 3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms