Global Commercial Aircraft Seat Belts Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence and Industry Outlook, 2016-2026

The global Commercial Aircraft Seat Belts is valued at US$ 240.0 million in 2018 and is expected to grow at a CAGR of 7.4% during the forecast period.

The increasing number of aircraft deliveries by manufacturers has been driving the demand in the commercial aircraft seat belts market in recent years. For instance, in June 2018, Airbus and Boeing announced the delivery of 81 and 30 commercial jets. Additionally, Embraer, an aerospace company, also announced the delivery of 181 jets in 2018. Thus, increasing aircraft deliveries are creating demand for commercial aircraft seat belts.

Moreover, the increasing use of metal injection molding technologies in manufacturing lightweight aircraft seat belts is creating opportunities for manufacturers to develop new designs to fulfil the changing demands from aircraft and aircraft seat manufacturers. This additive manufacturing technology is offering quality and cost advantages to manufacturers.

The demand for aircraft has increased in recent years due to increasing number of passengers travelling by aircraft across the globe. Aircraft manufacturers are introducing new aircraft to their product line, in order to cater to the rising demand for air travel among passengers. For instance, Airbus, an aerospace company, has announced that it has delivered 81 aircraft in May 2019 from its jetliner product line, which were received by its 49 customers. In addition to this, Boeing, an aeronautical company has also delivered 23 commercial jets in April 2019. Moreover, Embraer, an aerospace company, has announced the delivery of 11 commercial jets in 2019 to its clients, such as Mauritania Airlines, Air Peace, and others. Thus, the increasing number of aircraft deliveries is ultimately driving the growth of the commercial aircraft seat belts market.

This Commercial Aircraft Seat Belts report provides an analysis for the period from 2016 to 2026, where 2019 to 2026 is the forecast period with 2018 as the base year. This report on Commercial Aircraft Seat Belts covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the coming years.

Global Commercial Aircraft Seat Belts Market Size, 2016-2026, (US$ Mn)

The global commercial aircraft seat belts market has been segmented on the basis of the number of attachment, type, material, application, and end-user. Based on the number of attachment, the market can be segmented into 1 point, 2 point, 3 point, 4 point, and 5 point and above. On the basis of type, the market is classified into lightweight and traditional. Based on the material, the commercial aircraft seat belts market has been segmented into metal, composites, and others. In terms of applications, the market is classified into airplanes and helicopters. The user segment is classified into passenger, flight attendant, and others.

The 1 point segment is expected to hold the largest market share during the forecast period.

At present, 1 Point systems are used in most of the commercial aircraft which are in fleet, more specifically for passenger seats. The rise in the usage of 1 Point is due to its easy locking system and increasing demand in passenger seat belts. At the same time, manufacturers are mainly focusing on producing 1 point system for commercial aircraft in recent years. 1 Point seat belts are mostly used for passenger seats. It is mandatory that all passenger seat belts withstand a 16g static load.

The lightweight segment is expected to be the fastest growing segment during the forecast period

Lightweight commercial aircraft seat belts will exhibit a high growth rate during the forecast period, as aircraft manufacturers are looking to reduce the overall weight of aircraft. Manufacturers are focusing on producing lightweight seatbelts in order to reduce the weight of the aircraft. This also enables manufacturers to cut the overall fuel consumption, which is driving the demand for lightweight commercial aircraft seat belts. Most of the companies in the market are manufacturing lightweight seat belts in order to meet the weight and durability requirements of aircraft manufacturers.

The North America region dominated the market in 2018 and is expected to maintain its dominance in the coming years

In terms of different regions, the global commercial aircraft seat belts market is classified into North America, Europe, Asia Pacific, and Middle East & Africa & Latin America. North America is one of the lucrative regions due to the increasing adoption of safety & security standards for commercial aircraft, coupled with the significant growth of the aircraft seatbelt manufacturing and maintenance hub, which is generating tremendous opportunities for investment in this region.

Europe is growing at a significant rate owing to increasing investment on research & development activities and cutting-edge technologies, which are generating tremendous opportunities for investment in this region. Asia-Pacific is the fastest-growing region, thereby generating huge opportunities for investment. Huge demand for commercial aircraft seat belts come from the repair & maintenance service providers in this region, which will create significant opportunities for investment.

The major players operating in the global Commercial Aircraft Seat Belts market are AmSafe, Aerocare International, Aircraft Cabin Modification, Anjou Aeronautique, SCHROTH Safety Products, Aircraft Belts, Inc. (ABI), GWR, Davis Aircraft Products Co., Inc., and C&M Marine Aviation Services, Inc. These players have stepped up new product innovations and new product launches, in order to gain more attention from customers. Additionally, the growth of the commercial aircraft seat belts market is attributed to geographical expansion, strategic mergers & acquisitions, and joint ventures & partnerships, which will guarantee long-term sustenance in the market.

Key Questions Answered in the Report:
• What is the market value of the overall commercial aircraft seat belts market and segments?
• What are the different segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value and volume at the regional and country level?
• Who are the key market players and their key competitors?
• What are the different strategies that are adopted by the key players in the market?
• How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
• How financially strong are the key players in the market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, and investment analysis)?
• What are the recent trends in the market (M&A, partnerships, new product developments, expansions)?

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