Commercial Aircraft Seat Actuation Market to Register Double-Digit CAGR during the Forecast Period
Market Synopsis:
Market Research Future (MRFR)’s latest report reveals that the global commercial aircraft seat actuation market is set to proliferate exponentially at a CAGR of 12.5% during the forecast period 2016 to 2021. The increasing investments into the enhancement of passenger experience by the aviation industry leaders are likely to favor the market growth in the forthcoming years.
The increasing demand for lightweight seat designs due to fuel efficiency has opened avenues of growth opportunities for the commercial aircraft seat actuation market participants. Additionally, the growing demand for new aircrafts is another factor responsible for accelerating the expansion of the market.
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The boom witnessed in the aviation industry coupled with increasing disposable income of the customers have intensified the need for comfortable passenger experience. This, in turn, is prognosticated to have a positive influence on the proliferation of the commercial aircraft seat actuation market.
The market exhibits enormous potential at this point and is poised to catalyze revenue creation through the assessment period. Some of the factors responsible for the market proliferation include the adoption of electric actuators, rising demand in the emerging countries, etc. However, factors such as an increase in competitive inexpensive carriers, industry regulations, etc. are expected to hold the proliferation of the market across the review period.
Market Segmentation:
By seat type, the commercial aircraft seat actuation market has been segmented into first class, business class, premium economy class, and economy class.
By aircraft type, global commercial aircraft seat actuation market is segmented into WBA, NBA, and RTA.
By actuator type, the commercial aircraft seat actuation market has been segmented into hydraulic and electromechanical systems.
By mechanism type, the global commercial aircraft seat actuation market is segmented into linear and rotary.
By fit, the commercial aircraft seat actuation market has been segmented into line fit and retrofit.
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Regional Analysis:
By region, the global commercial aircraft seat actuation market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Europe is likely to remain a highly lucrative market in the forthcoming years. The growth trajectory of the regional market is guided by the developments introduced by the European Aviation Safety Agency (EASA) and the European Union (EU). Additionally, the presence of aircraft seat actuator manufacturers in the region is expected to fuel the growth of the market.
The commercial aircraft seat actuation market in North America is anticipated to witness a surge in demand and exhibit significant growth over the next couple of years. Meanwhile, the market in Asia Pacific is set to register a strong CAGR of 14% during the forecast period.
The Middle East & Africa market resonates strong growth opportunities which are attributable to the massive air traffic and booming aviation industry. Furthermore, the increased investments by the key players in the region for the development of the commercial aircraft seat actuation market is also anticipated to accelerate the revenue creation for market players.
Competitive Dashboard:
Some of the key players profiled in the report are Bühler Motor, Zodiac Aerospace, Airworks, Dornier Technology, Nook Industries, Crane Aerospace & Electronics, Enivate, Global AirWorks, PGA Electronics, and UTC Aerospace.
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San Francisco, 19 May 2020 — “Aircraft Seat Actuation Systems Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” 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.
Aircraft Seat Actuation System is one of the important components of aircraft cabins.
The market may be explored by type as Hydraulic, Pneumatic, and Electro-mechanical.
This development is ascribed to rise in the demand for business class seats for several aircraft categories.
The Aircraft Seat Actuation Systems Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Aircraft Seat Actuation Systems Business, Market Share of Product, Application and Regional Scope of Aircraft Seat Actuation Systems which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
The “Global Aircraft Seat Actuation Systems Market” report offers compound growth from the base year and projected until 2026.
The report is further fragmented on the basis of segmentation that involves product type, application, and geography.
Esticast Research and Consulting provides accurate market size and forecast in relation to the major five regions.
Actuators are also used to provide comfort to the passengers by allowing them to adjust their seats in accordance to their comfort.
North America and Middle East are anticipated to lead the market in terms of annual growth.For Better Understanding, Try Sample PDF Brochure of Report (including full TOC, Tables and Figures) @ https://www.esticastresearch.com/report/aircraft-seat-actuation-systems-market/#request-for-sampleMarket OverviewThe research report covers various developments across the geography of the Aircraft Seat Actuation Systems market based on the tools of organic as well as inorganic growth strategies.
The market report presented provides key statistics based on the past and current status of the market coupled with key trends and opportunities.The report not only analyses factors responsible for impacting the Aircraft Seat Actuation Systems market on the basis of the value chain but also evaluates industry forces that will highlight the market in the coming years.
