The market for aircraft seats is expected to grow with a healthy CAGR of 15.2% to reach US$ 5.5 Billion in 2027.
The COVID-19 outbreak in 2020 resulted in supply chain disruption, lockdown, and order cancellation, which shook the aircraft seat market to the core, the aircraft seat market saw a colossal decline of -44.9% in 2020. In 2021, due to a financial crisis, airlines that planned to update their seats, either postponed or discontinued their plans. Further denting the market was the grounding of B787. As a result, the market for aircraft seats witnessed a drop of -20.6%. However, the long-term market outlook appears positive with the new surge in the demand for aircraft by developing nations, rise in the air passenger traffic post covid, upcoming aircraft programs, and the new trend of relocating manufacturing facilities to low-cost nations, all appear to have a beneficial impact on the market for aircraft seats.
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