Market Trends of Aircraft Curtains Industry
The Commercial Aircraft Segment Is Anticipated to Grow with the Highest CAGR During the Forecast Period
The commercial segment is expected to show significant growth during the forecast period. There has been significant growth in terms of commercial aircraft worldwide owing to the increasing air traffic, the rising demand for new aircraft, the creation of new air routes to tap market potential, and the growing expenditure on the aviation sector by various countries worldwide, and this will lead to the market witnessing growth during the forecast period.
Commercial aircraft curtains are generally longer (36 inches to 84 inches) and are attached on sliders at the top, and are usually retracted, gathered at the middle of the curtain length, and held in place with a tie-back strap that either snaps or is closed with Velcro. The ability of this fabric to hang straight when retracted is important, for safety as well as aesthetic reasons. For this reason, the fabrics tend to be lighter in weight, and the weave structure is more loosely constructed than upholstery fabrics. For commercial aircraft, curtains are used in various places such as class divider curtains, aircraft galley curtains as well as crew rest curtains. The increasing number of deliveries of new aircraft coupled with the need for boosting passenger comfort during air travel has propelled the development of curtains which are now being manufactured by making use of materials such as wool or nylon.
Wool Aircraft Curtains are used in commercial aircraft to help keep the cabin cool and comfortable. This curtain is made from a special type of wool that is resistant to moisture and sunlight. Moreover, this curtain is also very durable and can last for many years which makes it a good choice for aircraft that are used frequently for aviation operations such as narrow-body and widebody aircraft.
On the other hand, polyester aircraft curtains are a type of curtain that is made from synthetic fiber. These curtains are often used in commercial aircraft because they are lightweight and have a high degree of opacity. This makes them ideal for blocking out light and preventing the entry of air or moisture into the aircraft. This type of curtain is also often used in aircraft cabins to provide privacy.
Thus, the increasing number of commercial aircraft acquisitions coupled with the need for uplifting the passenger experience in flight will have a positive outlook and will lead to the market witnessing growth during the forecast period.
Asia Pacific Will Showcase Remarkable Growth During the Forecast Period
Asia Pacific is projected to show the highest growth during the forecast period. Growing expenditure on the aviation sector and growing demand for new aircraft especially from China and India boost the market growth across the region. According to the International Air Transport Association (IATA), China surpassed the United States and became the largest aviation market in the world in 2022. Furthermore, China is expected to reach a total of 1.5 billion aviation passengers by 2036. Also, the Indian civil aviation ministry announced that India became the third-largest domestic aviation market in 2021. In addition, there is also growth in demand for new commercial aircraft from countries such as Japan, Singapore as well as Indonesia. The Japanese domestic aviation market has been dominated by JAL (Japan Airlines Co) and ANA (All Nippon Airways Co). Currently, commercial airlines in Singapore are now committed to a strategy of working with international partners and operating overseas hubs. Furthermore, Indonesia is the world's fifth-largest domestic aviation market and has now recovered to around 80% of pre-pandemic capacity owing to an increase in air traffic passengers and growing commercial aircraft acquisitions.
Furthermore, growing defense expenditure and procurement of next-generation fighter jets from India, China, and Japan propel the growth of the market. China and India are the second and third largest defense spenders in the world with a defense budget of USD 293 billion and USD 76.6 billion respectively. For instance, in June 2022, the Indian Air Force announced that they are in plans to acquire 114 fighter jets out of which 96 would be built in India in a major push to the country's Atmanirbhar Bharat scheme. The remaining 18 would be imported from the foreign vendor which will be chosen for the project.
Thus, the growing demand for commercial and military aircraft from Asian countries will have a positive outlook and will lead the market to witness growth during the forecast period.
