As per the new market report published by Transparency Market Research " Aircraft Seat Actuation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," global aircraft seat actuation systems market was valued at USD 150 million in 2014, growing at a CAGR of 13.1% from 2015 to 2021 to account for USD 382.8 billion in 2021.
The aircraft seat actuation systems market is growing primarily due to rising demand for premium air travel. The increase in disposable income in emerging economies such as India and China is raising the demand for premium air travel. Furthermore, the increasing demand for air travel is directly increasing the need for commercial aircrafts. The seat actuation systems are an essential component in commercial aircraft cabins. Hence, the growing demand for aircraft is in return driving the market for aircraft seat actuation systems market. Moreover, the need for ergonomic seat designs is also driving the market for growth. The market has been segmented by types, mechanism, actuator types and geography.
By types, the business class type seat actuation systems held the largest market share of 32% which was 48 million in 2014. The dominance is attributed due to growing demand for premium air travel across the globe. Furthermore, the increasing disposable income in emerging economies such as India and China is also aiding to the growth of premium air travel. In addition, the awareness for ergonomic seating and comfortable travel during long flights is also fuelling the growth in the market.
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Geographically, Europe has the largest market share in the aircraft seat actuation systems market during the forecast period. The dominance of the region is due to the presence of seat actuation system manufacturers such as Buhler Motor GmbH and Dornier Technologie GmbH and Co. KG. Furthermore, this region mainly consists of developed nations like the U.K. and Germany which has high disposable income. However, Asia Pacific has been analyzed to be the fastest growing region during the forecast period.
Furthermore, the key players have been profiled in this report on the basis of the company overview, products/services, recent development, historical roadmap and future strategies in the aircraft seat actuation systems market. The key players in the aircraft seat actuation systems market include Buhler Motor GmbH, Crane Aerospace & Electronics, Inc, Zodiac Aerospace S.A., ITT Corporation, PGA Electronics S.A. and Nook Industries, Inc among others.
The report studies the global aircraft seat actuation systems, and provides data in terms of revenue (USD Million) from 2015 to 2021. Market estimates on the basis of types, mechanism and actuator types for each region.
The market has been segmented as follows:
Aircraft Seat Actuation Systems Market: By Types
Economy plus class
Aircraft Seat Actuation Systems Market: By Mechanism
Aircraft Seat Actuation Systems Market: By Actuator types
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
Rest of the World
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