Global AircraftSeat 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.
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.
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Aircraft
Seat Actuation Systems industry may be explored by type, seat class, aircraft
type, component, end user, and geography. The market may be explored by type as
Hydraulic, Pneumatic, and Electro-mechanical. The “Electro-mechanical” segment
dominated the industry in 2015 and is anticipated to maintain its dominance by
2024. This development is ascribed to rise in the demand for business class
seats for several aircraft categories.
Aircraft
Seat Actuation Systems Market may be explored by seat class as Premium Economy
Class, First Class, Business Class, and Economy 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.
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Aircraft
Seat Actuation Systems industry may be explored by Aircraft type as Regional
Transport Aircraft, Narrow Body Aircraft, Very Large Aircraft, Business Jets
and 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. The industry may
be explored by component as Software, and Hardware. The market may be explored
by end user as OEM, and Aftermarket
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.
Some
of the key players that fuel the growth of the Aircraft Seat Actuation Systems
industry include Nook Industries, Zodiac Aerospace S.A., Dornier Technologie
GmbH & Co. KG, PGA Electronics S.A., Buhler Motor GmbH, Almec EAS Ltd.,
Rollon S.P.A.,ITT Corporation, AirWorks, Inc., Elektro-Metall Export GmbH and
Crane Aerospace & Electronics, Inc. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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