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As of 2014, there were more than 2,600 regional jets in service. For improving regional connectivity, airliners are majorly investing in the seating configuration and HUD technology. This segment is expected to reach a market size of 1.2 billion until 2019.
The market in APAC is growing at a steady rate because of the new aircraft deliveries and hence giving less opportunity for the retrofit market. The growing market is buoyant on the demand for sharklets among the leading airlines of the region. With the help of sharklet, an aircraft can reduce 900 tons of carbon dioxide emission annually and also reduces the fuel costs up to 4%. With this, the market in the APAC region is expected to reach more than $3 billion in the next four years.
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