San Francisco, 23
November 2018: 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., registering a CAGR of 14.1% during the forecast
period. The market is anticipated to witness significant growth owing to rising
demand for lightweight seats in airplanes. In addition, increasing need for
aircraft seats with optimized strength-to-weight ratio is expected to promote
market growth.
Market players are using lighter materials
to decrease overall weight of airplanes. The weight of an aircraft impacts its
fuel efficiency, which is known to contribute to more than one-third of fleet
operating costs.
The industry is anticipated to gain
substantially owing to rise in demand for developing lighter and More Electric
Aircraft (MEA). Lighter aircraft facilitate in achieving high fuel efficiency
and subsequently help in minimizing operational costs. In addition, rise in
disposable income among general public across the globe is contributing
significantly in propelling demand for premium air travel. The market foresees
several growth opportunities in the Asia Pacific and Latin America regions owing
to presence of several emerging economies such as India, China, South Korea,
and Brazil.
Access
Research Report of Aircraft Seat Actuation Systems Market @ www.grandviewresearch.com/industry-analysis/aircraft-seat-actuation-systems-market
Further key findings from the study suggest:
· By passenger class, economy plus is
expected to be a key segment, exhibiting the highest CAGR of 15.2% over the
forecast period. This can primarily be attributed to growing need for
cost-efficient and economical travel fares
· On the basis of mechanism, the linear
segment accounted for 71.7% of the global revenue in 2015. Benefits of outboard
flap control offered by linear actuator seating systems, especially in business
jets, are predicted to fuel demand for linear systems
· By actuator type, the electro-mechanical
segment is anticipated to report the fastest growth, registering a CAGR of
14.3% over the forecast period. This can be attributed to benefits such as
reduced component count, integrated design, and extended reliability of these
actuators
· The European regional market accounted for
34.7% of the global revenue in 2015, owing to rise in disposable consumer
incomes among European nations
· The North America market is projected to
expand at a CAGR of 14.2% from 2016 to 2024, owing to growing demand for
business jets, rising trade-related activities, and growth in travel and
leisure activities
· Key industry participants include B/E
Aerospace, Inc. (U.S.); Buhler Motor GmbH (Germany); C & M Electric
Actuators; Crane Aerospace & Electronics (Taiwan), Inc. (U.S.); 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 users.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global aircraft seat actuation systems market report 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
Access Press Release of
Aircraft Seat Actuation Systems Market@ www.grandviewresearch.com/press-release/global-aircraft-seat-actuation-systems-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
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