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.
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.