The
global aircraft seat actuation systems market size is expected to reach USD
656.9 million by 2024, according to a new study by Grand View Research, Inc.
The
global aircraft seat actuation systems market is anticipated to gain traction,
owing to the escalating demand for lightweight seats in aircraft. The need for
lighter aircraft is critical as it directly impacts the fuel-efficiency of the
airliner. The increasing aviation fuel costs account for more than one-third of
the fleet operating costs. Hence, vendors are focusing on developing lighter
aircraft.
The
emerging trend of manufacturing aircraft seats with optimized
strength-to-weight ratio by using materials lighter than the conventional
supplies facilitates the decrease of the overall airplane weight. Furthermore,
the increasing aircraft orders is a key factor presumed to contribute to the
industry expansion. The rise can be attributed to an increase in air passenger
traffic across the globe.
The
growing demand for premium air travel is predicted to energize the industry
prospects. The highly competitive scenario in the airline industry is driving
down the air travel fares and is, subsequently, driving the demand for premium
air travel.
A
rise in trade-related activities across the globe is creating a high demand for
business class travel. It is subsequently driving the demand for business class
in the aircraft seat actuation systems. Developed economies, especially in the
European and North American regions, are experiencing a high demand for such systems.
However,
an upsurge in the demand for low-cost carriers and the increasing ownership
costs of air carriers are anticipated to hamper the growth of the industry. The
high costs of owning an aircraft are particularly presumed to be a major market
barrier in the underdeveloped nations. The mounting operational costs and
sluggish economic growth, coupled with macroeconomic conditions in the
underdeveloped economies, are poised to restrict the industry expansion.
In depth research report on Aircraft Seat Actuation
Systems Market
Further key findings from the study suggest:
·
The first class passenger class
segment dominated the global aircraft seat actuation systems industry,
accounting for over 28% of the market share in 2015. Highly sophisticated
features and better services are driving the demand for this segment.
·
The European regional market
accounted for 34% of the global revenue share in 2015. A rise in the disposable
incomes in the European nations is contributing remarkably to the industry
growth in the region.
·
The linear mechanism segment
accounted for 71% of the global revenue share in 2015. The benefits of outboard
flap control offered by the linear actuator seating systems, especially in
business jets, are predicted to fuel the demand for linear actuators.
·
The electro-mechanical
actuators accounted for 71% of the global revenue share in 2015. Reduced
component count, integrated design, and extended reliability are expected to
fuel the segment growth.
·
The key industry participants
include B/E Aerospace, Inc. (U.S.), Buhler Motor GmbH (Germany), C&M
Electric Actuators, Crane Aerospace & Electronics (Taiwan), ITT Corporation
(U.S.), and Zodiac Aerospace Group (France). Industry vendors are emphasizing
on offering high-end features and comfortable seating capabilities to offer
convenience to the users.
Grand
View Research has segmented the global aircraft seat actuation systems market
on the basis of passenger class, mechanism, actuator type, and region:
Aircraft Seat Actuation Systems Passenger Class
Outlook (Revenue, USD Million, 2014 - 2024)
·
Economy
·
Economy plus
·
Business
·
First class
Aircraft Seat Actuation Systems Mechanism Outlook
(Revenue, USD Million,2014 - 2024)
·
Linear
·
Rotary
Aircraft Seat Actuation Systems Actuator Type
Outlook (Revenue, USD Million, 2014 - 2024)
·
Electro-mechanical
·
Others
Aircraft Seat Actuation Systems Regional Outlook
(Revenue, USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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