What is the Market Size of Aircraft Seats in US?
The global aircraft seats market, valued at US$ 4.35 billion in 2022, is projected to grow to US$ 7.83 billion by 2032, with a robust CAGR of 6.1%. This growth is driven by increased tourism and air travel, rising international trade, and higher investments in urban air mobility from countries like the U.S., Germany, China, and India. Despite a historical CAGR of 5.1% from 2017 to 2021, the market is expected to expand more rapidly due to heightened demand for innovative and comfortable seating. Challenges such as fuel price volatility, supply chain issues, and a shortage of profitable airlines in emerging economies may impact growth in the near term.