"From Comfort to Safety: The Role of Soft Goods in Aviation"

The Global Aircraft Soft Goods Market is projected to grow at a healthy rate over the next five years to reach US$ 837.8 million in 2024.
The organic growth of the aircraft industry is the major driver of the sustainable demand for lightweight material in the aircraft industry. Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft as of 31 December 2018. This huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs to deliver aircraft to their widespread clients in a shorter period. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs to address the biggest requirement of the airline industry, which is fuel-efficient aircraft. This is likely to engender a greater demand for soft goods in the OE segment in the foreseeable future.