Aircraft seat actuation system market is projected to grow from an estimated USD 507.1 million in 2017 to USD730.7 million by 2022, at a CAGR of 7.58% during the forecast period.
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The key players in the Aircraft Seat Actuation System Market include – Zodiac Aerospace (France), Crane Aerospace & Electronics (US), ITT Corporation (US), and Astronics Corporation (US),among others.
This growth can be attributed to factors, such as the increased demand for business class seats, as most of the airlines are upgrading their cabin interiors to provide better service to passengers. However, the lack of profitable airlines in emerging economies is expected to restrain the growth of this market.
- Aircraft Manufacturers
- Aircraft Seat actuation system Component Manufacturers
- Airline Companies
- Government Agencies
- Investors and Financial Community Professionals
- Research Organizations
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Based on end user, the OEM segment is estimated to account for the largest share of the aircraft seat actuation system market in 2017.
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The OEM phase is one of the crucial phases of the aircraft seat actuation system market, as retrofit modification is cumbersome for airlines. Most aircraft seat actuation providers offer the line fit option, as it is easier to customize the aircraft seat according to the airline’s requirement before the aircraft is delivered.
Europe is estimated to account for the largest share of the aircraft seat actuation system market in 2017.Major aircraft seat manufacturers, i.e., Zodiac Aerospace (France) and others are based in this region, and thus generate high demand for aircraft seat actuation systems. Europe is projected to lead the aircraft seat actuation system market during the forecast period, in terms of market share.
The Middle East aircraft seat actuation system market is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for premium aircraft seating in the region and the scope for aftermarket sales of the products.
Complete Report of Aircraft Seat Actuation System Market by Type (Electro-Mechanical, Hydraulic, Pneumatic), Seat Class (Business, Economy, Premium Economy, First), Component (Hardware, Software), End User (OEM, Aftermarket), Aircraft Type - Global Forecast to 2022 www.rnrmarketresearch.com/contacts/394299
This research report categorizes the aircraft seat actuation system market on the basis of type (electro-mechanical, hydraulic, pneumatic), seat class(business class, economy class, premium economy class, first class), aircraft type (narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jets), component (hardware, software),and end user (OEM, aftermarket). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World.
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