Market Share of Aircraft Galley Industry
The aircraft galley market is characterized by the presence of a limited number of dominant vendors operating at a global level. The market is highly competitive, with players competing to gain the largest market share. Constraints associated with the design and weight of aircraft galley and cancellation of aircraft orders due to macroeconomic factors impede the growth of the market. It is crucial for vendors to provide advanced systems to aircraft OEMs to survive in an intensely competitive market environment.
The dominant market players include United Technologies Corporation, JAMCO Corporation, Safran SA, Diehl Stiftung & Co. KG, and AIM Altitude. These players mainly compete based on their in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base.
The increased aircraft procurement rate due to the rapid increase in air passenger traffic is expected to fuel the market growth during the forecast period. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions and technological innovations.
Aircraft Galley Market Leaders
JAMCO Corporation
Safran SA
Diehl Stiftung & Co. KG
AIM Altitude
Raytheon Technologies Corporation
*Disclaimer: Major Players sorted in no particular order
