Aircraft seating market to hit $25b

Aircraft seating market to hit $25bThe aircraft seating market is predicted to increase from $18 billion to over $25 billion in the next seven years, according to the Global Insights report.

The projected hike is predicated on increasing aircraft demand as well as rising air passenger traffic across the globe expected to drive the market.

Statistics from the International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036.

The projected growth, IATA insists will require partnerships to be strengthened among  aviation industry players, aircraft manufacturers, aircraft seat designers , communities and governments to expand and modernise infrastructure.

To attain the projected figures  airliners are upgrading their aircraft fleet and introducing new routes to cater to  leisure and corporate travellers. North America aircraft seating market, investigations reveal will showcase significant growth over the forecast time frame owing to the high concentration of aircraft manufacturers across the region.

Amehnews Live Traffic

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *