Future Market Insights (FMI) reported that the aircraft cabin interior market is expected to grow by 3.5% year over year in 2016, and surpass $14.5 billion in revenues.

On the basis of product type, FMI said the aircraft cabin interior market is segmented into flooring, sidewalls/liners, overhead bins, seats, monuments, lavatories and other components such as in-flight entertainment system and cabin lighting system.

FMI noted that the seats segment is the largest in terms of value, and is estimated to account for 28.3% share of the overall market. Increasing emphasis on comfort, especially in long-haul flights and introduction of premium economy seats is fueling the growth of this segment.

Growing trend of aircraft leasing and frequent refurbishment of aircraft has had a positive impact of the aftermarket sales of aircraft cabin interior. The aftermarket sales segment is expected to account for 25% revenue share of the market in 2016. In contrast, growth of OEM segment is projected to be marginal over the forecast period, FMI said.