Commercial Aircraft In-Seat Power Supply System Market size to increase by USD 85.53 million during 2023-2028 | Rise in preference for cabin retrofitting to enhance passenger comfort to drive the growth- Technavio

NEW YORK, Nov. 8, 2023 /PRNewswire/ -- The Commercial Aircraft In-Seat Power Supply System Market size is expected to grow by USD 85.53 million, accelerating at a CAGR of 6.48% during the forecast period. Airline operators worldwide are making significant investments in retrofitting airplane cabins to enhance their brand image and cater to the increasing demand for improved cabin connectivity, personalized entertainment systems, touchless controls, micro-environments, air quality, healthcare amenities, and self-cleaning, antibacterial materials. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report 

Commercial Aircraft In-Seat Power Supply System Market 2024 – 2028: Key Highlights:

• The report recognizes the following as some of the key players in the commercial aircraft in-seat power supply system market: Astrodyne TDI, Astronics Corp., Burrana Pty Ltd., IFPL Group Ltd., Imagik Corp., Inflight Canada Inc., KID Systeme GmbH, and Mid Continent Instrument Co. Inc.
• Commercial Aircraft In-Seat Power Supply System Market is concentrated in nature.
• Market to observe 6.22% YOY growth in 2024.

Commercial Aircraft In-Seat Power Supply System Market 2024 – 2028: Market Dynamics:

Trend

• Development of more electric aircraft is the market trend
• Modern long-range aircraft complexity has increased, driven by Fly-by-Wire (FBW) systems and weight reduction.
• The shift to more electric aircraft (MEA) involves replacing old components with electrical systems.
• Designers aim for weight reduction, including replacing wires with wireless transceivers.
• These factors are positively influencing the market and driving growth during the forecast period.

Challenges

• Frequent maintenance checks are essential for preventing fatal accidents due to electronic system faults.
• Inspections encompass visual and operational testing of onboard aircraft systems.
• In-seat power supply systems must be rigorously tested before and after each flight for safety.
• Periodic checks identify defects, potentially leading to product rejection and manufacturer losses.
• These factors have a negative impact on the market, hindering its growth during the forecast period.

The report also covers information on the upcoming trends and challenges. Explore detail information by purchasing report

Commercial Aircraft In-Seat Power Supply System Market 2024 – 2028: Key Segments:

The market is segmented by Channel (Original equipment manufacturer and Aftermarket), End-user (Economy class, Business class, Premium economy class, and First class), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

During the forecast period, substantial growth is expected in the original equipment manufacturer (OEM) segment, which involves companies that design, develop, and provide in-seat power supply systems as integral components for commercial aircraft, enabling passengers to charge their electronic devices during flights.

Get a glance at the market contribution of the segments, Request Sample Report Here

Related Reports:

Commercial Aircraft Seating Market: The commercial aircraft seating market size is estimated to grow at a CAGR of 6.75% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,908 million.

Commercial Aircraft Passenger Service Unit (PSU) Market: The commercial aircraft passenger service unit (PSU) market size is estimated to grow at a CAGR of 5.35% between 2022 and 2027, and the size of the market is forecast to increase by USD 319.97 million.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Channele
7. Market Segmentation by End-user
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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