The global Aircraft Seat Actuation Systems Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Global Aircraft Seat Actuation Systems Market is anticipated to reach USD 656.9 million by 2024. The installation of aircraft seat actuation systems has significantly improved in the recent years in response to the increase in air travel. It offers comfortable seating for the passengers in private as well as in commercial aircrafts. Aircraft seat actuation systems allow the passenger to change their seating position according to their convenience. Aircraft Seat Actuation System is one of the important components of aircraft cabins. Hence, the demand for Aircraft Seat Actuation Systems is increasing worldwide.
Key Players:
- B/E Aerospace, Inc.
- Buhler Motor GmbH (Germany)
- Crane Aerospace & Electronics, Inc. (U.S.)
- ITT Corporation (U.S.)
- Moog, Inc. (U.S.)
- Nook Industries (U.S.)
- PGA Electronics S.A. (France)
- Rollon S.P.A. (Italy)
- Shandong Jinglu Industrial Control System Co. Ltd. (China)
- Zodiac Aerospace.
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Growth Drivers:
The factors that propel the development of the Aircraft Seat Actuation Systems industry include growing number of passenger rapid urbanization & industrialization, change in lifestyle, growing disposable income. On the other hand, there are factors that may hamper the growth of the market such as maintenance of aircrafts and their high cost. Aircraft Seat Actuation Systems Market is anticipated to grow at a significant CAGR of 14.1% in the upcoming period as the scope, product types, and its applications are increasing around the world.
Passenger Class Outlook:
- Economy
- Economy plus
- Business
- First class
The “Business Class” segment dominated the market in 2015 and anticipated to maintain its dominance by 2024. The rise in demand for aircraft and orders for improved passenger experience, particularly in long-haul aircraft are among the important factors responsible for segments growth.
Aircraft Type Outlook:
- Regional Transport Aircraft
- Narrow Body Aircraft
- Very Large Aircraft
- Business Jets
- Wide Body Aircraft
The “Wide Body Aircraft” dominated the market in 2015 and anticipated to maintain its dominance by 2024. The rise in orders for extensive body aircraft owing to the improved demand for long-haul travel is one of the important factors responsible for segments growth.
Regional Outlook:
- North America
- Europe
- Asia Pacific
- RoW
Europe accounted for the major share of the Aircraft Seat Actuation Systems Market Size in 2015 and will continue to lead in the forthcoming period due to factors such as rise in disposable consumer revenues among European countries will drive the market growth in the years to come. On the other hand, Europe is followed by North American region. The foremost markets are anticipated to show moderate development, whereas the developing market such as Asia Pacific is anticipated to have high year on year development in the market.
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