Aircraft Interior Films Market to reach US$ 536.7 million in 2024
Aircraft Interior Films Market: Highlights
The aircraft interior films market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 536.7 million in 2024. Major factors strengthening the demand for interior films in the aircraft industry are increasing production rates of the next-generation aircraft, increasing focus of airlines on the modernization of interiors of their existing aircraft fleet to provide uniform feel, high focus of the aircraft industry stakeholders for the development of lightweight and smart cabin interior solutions, and rising aircraft fleet.
Aircraft Interior Films Market, By Aircraft Type
The aircraft interior films market is segmented based on the aircraft type as commercial aircraft, regional aircraft, and general aviation. Commercial aircraft is likely to remain the dominant segment of the market during the forecast period. Increasing production rates of the key programs, such as A320 family; market entry of new players, such as COMAC and Irkut; and introduction of the fuel-efficient variants of the best-selling aircraft programs, such as B737 Max and A320neo, are likely to create a strong demand for interior films in the commercial aircraft segment.
Aircraft Interior Films Market, By Film Type
Based on the film type, the aircraft interior films market is segmented as decorative films, film adhesives, and others. Decorative film is likely to remain the most dominant segment of the market over the next five years. Decorative films are designed with image-defining styling options while creating attractive, stain-resistant and easy to clean cabin interiors. These films also enhance cabin interiors and contribute to passenger comfort. They offer a rich variety of color tones and effects to the decoration of the airline cabin interiors while addressing the emerging technologies and inflight connectivity in the aircraft.
Aircraft Interior Films Market, By Material Type
Based on the material type, the aircraft interior films market is segmented as epoxy, PVF, polyimides, and others. PVF is likely to remain the most dominant segment over the next five years, propelled by its excellent mechanical properties. Also, these films are durable enough to be re-used for multiple times. Polyimide film is expected to grow at the highest rate during the same period, propelled by its versatility.
Aircraft Interior Films Market, By Region
In terms of regions, North America is projected to remain the largest market for aircraft interior films during the forecast period. The USA is the growth engine of the North American aircraft interior films market with the presence of several tier players, aircraft OEMs, and MRO companies. Asia-Pacific is likely to witness the highest growth during the forecast period and is likely to remain the most eye-catching market in the foreseeable future. China, Japan, and India are the major markets for aircraft interior films in the region.
Top Market Players & supply chain of the market
The supply chain of this market comprises raw material suppliers, aircraft interior film manufacturers, aircraft interior tier companies, OEMs, airlines, MRO companies, and leasing companies. The key aircraft interior film manufacturing companies are ISOVOLTA AG, Schneller LLC, DUNMORE Corporation, E. I. du Pont de Nemours and Company, The Boeing Company, 3M Company, and Toray Advanced Composites (TenCate Advanced Composites). The development of high-performance interior films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
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