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.
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http://www.grandviewresearch.com/industry-analysis/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.
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