Increasing attraction of premium air travel is bolstering the global aircraft seat actuation systems market, says a market study by Transparency Market Research. The findings of the study state that the market will develop at a healthy CAGR of 13.10% from 2015 to 2021 for the market’s valuation to increase from US$150 mn in 2014 to US$382.8 bn in 2021.The report, titled “Aircraft Seat Actuation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, is available for sale on the company website.
Browse the full Aircraft Seat Actuation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/aircraft-seat-actuation-systems-market.html
Increasing disposable income of consumers in the emerging economies of China and India has augmented the demand for premium air travel. In addition, with increasing air travel for both business and leisure reasons, the demand for commercial aircraft is bolstered. As seat actuation systems are an integral component in commercial aircraft cabins, the flourishing commercial airline industry is benefitting the aircraft seat actuation systems market.
With ergonomics becoming a vital feature of design considerations, the aircraft seat actuation market is being driven. However, the emergence of low-frill airlines is detrimental to the growth of this market. These budget airlines operate with the intent of providing economical air travel, wherein passenger capacity is increased at the cost of in-flight comfort and facilities. Moreover, the high cost of commercial aircraft, along with high maintenance costs, discourages vendors to place large aircraft orders. This is slowing the growth of the aircraft seat actuation systems market.
The global market for aircraft seat actuation is divided on the basis of seat type, actuator type, mechanism, and geography. Economy class, business class, economy plus class, and first class are the various types of seats in this market. Of these, the business class segment accounted for the largest market share of 32% in 2014. In absolute numbers, the revenue contribution of the segment was US$48 mn. Increasing disposable income, predominantly in emerging economies that have raised comfort standards, is aiding the growth of the segment.
Geography-wise, Europe will be the largest market for the aircraft seat actuation systems market during the forecast period. Some of the prominent seat actuation system manufacturers, such as Buhler Motor GmbH, Co. KG, and Dornier Technologie GmbH, are present in the region, because of which technological advancements are implemented expeditiously. Developed countries such as the U.K. and Germany are present in the region, wherein a large chunk of salaried individuals possess significant disposable income to be spent on leisure air travel. Thus, the aircraft seat actuation systems market is benefitted.However, Asia Pacific will emerge as the fastest growing market for aircraft seat actuation systems during the forecast period.The report mentions and profiles some of the major companies that operate in the global market for aircraft seat actuation systems. These include Buhler Motor GmbH, Zodiac Aerospace S.A., PGA Electronics S.A., Crane Aerospace & Electronics Inc., ITT Corporation, and Nook Industries Inc.
The global aircraft seat actuation systems market is segmented as follows:
Aircraft Seat Actuation Systems Market: By Types
- Economy class
- Economy plus class
- Business class
- First class
Aircraft Seat Actuation Systems Market: By Mechanism
- Linear actuators
- Rotary actuators
Aircraft Seat Actuation Systems Market: By Actuator types
- Electromechanical actuators
- Other actuators
The report provides a cross-sectional analysis of all the above segments with respect to the following regions:
Aircraft Seat Actuation Systems Market: By Geography
- North America
- Asia Pacific
- Rest of the World
- Middle East
- Latin America
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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