Global Aircraft Seat Actuation System Market was valued at US$ 412.43 Mn. in 2019 and is expected to reach US$ XX Mn. by 2026, at a CAGR of 8.62% during a forecast period.
Global Aircraft Seat Actuation System Market Overview:
Global Aircraft Seat Actuation System Market
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Aircraft seat actuation systems offer comfortable seating for the passengers in private and commercial aircraft. Increasing awareness about ergonomic seat design is positively impacting the demand for the global aircraft seat actuation system market.
Looking forward, the global aircraft seat actuation system market is projected to reach a value of US$ XX Mn. by 2026, expanding at a CAGR of around 8.62% during 2020-2026. The growing demand for aircraft especially in emerging economies such as China, India, South Korea and the focus of consumers on comfort with advanced features worldwide, tends to fuel the global aircraft seat actuation systems market.
Large investment in R&D by market leaders, to develop new technologies that confirm enhanced features and performance, makes the global market for aircraft seat actuation systems attractive. Furthermore, increasing R&D activates by manufacturers and technological advancements are expected to create a new opportunity for companies operating in the global aircraft seat actuation systems market.
On the flip side, the high manufacturing and maintenance cost is expected to hamper the overall growth of the aircraft seat actuation systems market globally. Moreover, high air freight charges in emerging countries is another major factor projected to challenge the growth of the global market for aircraft seat actuation systems to a certain extent.
Impact of COVID-19 on Global Aircraft Seat Actuation System Market:
Due to the COVID-19 pandemic, the production of aircraft seat actuation system across the world has been hindered owing to the declared lockdowns and government limitations on travelling. Government limitations on travelling because of COVID-19 has harmfully impacted the demand for new private & commercial business jets. Thus, the growth of the global aircraft seat actuation system market has also been negatively impacted.
The COVID-19 impact on global scheduled passenger traffic for year 2021E compared to 2019:
• Overall reduction of 1,908 to 2,288 million passengers (i.e. -43% to -51%)
• Nearly US$ 283 Bn. to 335 n. loss of gross passenger operating revenues of airlines
• The total reduction of 34% to 39% of seats existing by airline
Global Aircraft Seat Actuation System Market
Global Aircraft Seat Actuation System Market Segment:
The MMR report covers all segments in the aircraft seat actuation system market such as type, aircraft type, seat class, component, and end-user.
Global Aircraft Seat Actuation System Market, by Type
• Electromechanical
• Pneumatic
• Hydraulic
Based on type, the electromechanical dominated the market, with a market size of US$ XX Mn. in 2019 owing to its higher efficiency and lightweight features. The electromechanical actuators are widely used in business class, first-class, and premium class seat.
Global Aircraft Seat Actuation System Market, by Seat Class
• Business Class
• First Class
• Premium Economy Class
• Economy Class
Global Aircraft Seat Actuation System Market
Based on seat class, the business class segment is expected to grow at the largest CAGR of nearly 9.50% during the forecast period. This growth is attributed to the significant fall in the costs of business class seats and the increasing tendency of passengers to fly in premium class seats. The business class seats offer outstanding benefits like adjustable, reclining mechanism and lumbar support.
Global Aircraft Seat Actuation System Market, by End User
• OEM
• Aftermarket
Among these end users, the OEM segment is expected to reach US$ XX Mn. by 2026. The expansion of the OEM market segment for aircraft seat actuation systems can be attributed to the rising demand for modified aircraft equipped with different components, as a tedious process for aircraft is the retrofitting of recent aircraft.
Global Aircraft Seat Actuation System Market, by Component
• Actuator
• Motor
• In-seat Power Supply
• Passenger Control Unit
• Electronic Control Unit
Global Aircraft Seat Actuation System Market, by Aircraft Type
• Fixed Wing
• Rotary Wing
Global Aircraft Seat Actuation System Market Regional Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the Global Aircraft Seat Actuation System Market presented in the MMR report.
• North America
• Europe
• Asia-Pacific
• Middle East& Africa
• South America
Global Aircraft Seat Actuation System Market
In 2020, North America dominated the aircraft seat actuation system market with market size of US$ XX million thanks to the rapid growth of technically advanced seating systems in this region. The rising use of technology in aircraft introduces various opportunities for manufacturers of aircraft seat actuation system technology. The U.S. is expected to lead the North American market, generating revenue worth US$XX Mn by 2026. This growth is driven by the rising number of aircraft deliveries in the country. According to Boeing 8,800 aircraft were delivered in North America till 2018.
Europe occupied the second largest market share of XX% in 2020. This growth is attributed to the growing demand for new aircraft. As per Boeing, 8,490 aircraft were delivered in 2018 in the EU. Furthermore, the presence of companies such as Mesag-System AG, Zodiac Aerospace, Bühler Motor GmbH is further driving the growth of the European aircraft seat actuation system market.
Competitive Landscape:
In recent years, major players in the aircraft seat actuation system market have taken several strategic measures, for example facility expansions and partnerships.
Global Aircraft Seat Actuation System Market
The objective of the report is to present a comprehensive analysis of the Global Aircraft Seat Actuation System Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Aircraft Seat Actuation System Market dynamics, structure by analyzing the market segments and project the Global Aircraft Seat Actuation System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aircraft Seat Actuation System Market make the report investor’s guide.
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Global Aircraft Seat Actuation System Market Key Players
• Astronics Corporation
• ITT INC.
• Crane Co.
• Collins Aerospace
• Meggitt Plc
• Bae Systems Plc
• Moog Inc.
• Kid-Systeme Gmbh
• Leeair, Inc.
• Maxon Motor Ag
• Kyntronics
• Elektro-Metall Export Gmbh
• Ggi Solutions
• Portescap
• Precipart
• Quest Global Services Pte. Ltd.
• Imagik International Corporation
• Mid-Continent Instrument Co., Inc.
• Mesag-System Ag
• Kyntec Corporation
• Rollon Spa
• Testworks Group Ltd.
• Nook Industries, Inc.
• Zodiac Aerospace
• Inflight Peripherals Ltd.
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