The report points out that increasing disposable incomes have raised the demand for air travel globally. Seat actuation systems are one of the primary components of aircraft cabins.
Albany, NY -- (SBWIRE) -- 10/13/2015 -- According to a new report added to the collection of Market Research Reports Search Engine (MRRSE), the global aircraft seat actuation systems market is estimated to expand at a CAGR of 13.1% during the period between 2015 and 2021. The report, titled "Aircraft Seat Actuation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021", projects the global aircraft seat actuation systems market to be worth US$382.2 mn by 2021. The report points out the various factors impacting the growth of the market and analyzes the demand for various types of actuators. The report studies the aircraft seat actuation systems market across key regions and profiles some of the key players in the market.
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The demand for seat actuation systems is also increasing. Further, the rising awareness about ergonomic seating is propelling the global aircraft seat actuation systems market. However, the report mentions that the concept of low frill airlines is restraining the growth of the market, as low frills airlines are focused on providing economical air travel by increasing passenger capacity and decreasing in-flight comfort and facilities. This is reducing the demand for seat actuation systems in aircraft. Technological innovation is expected to create new growth opportunities for the global aircraft seat actuation systems market.
On the basis of aircraft seat types, the report segments the global aircraft seat actuation systems market into economy, economy plus, business, and first class type seating systems. Business class seats dominate the overall market and the segment is estimated to grow steadily during the forecast horizon. This growth can be attributed to the growing demand for premium air travel across the world.
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The report divides the global aircraft seat actuation systems market into four key regions: Asia Pacific, Europe, North America, and Rest of the World. Currently, Europe is leading the market and is expected to continue its dominance during the forecast horizon. The presence of a large number of aircraft seat actuation systems manufacturers is driving the market in this region. Europe is closely followed by North America, which accounts for around 30% of the global aircraft seat actuation systems market. However, the report points out that Asia Pacific will be fastest growing region in the market during the forecast period owing to the presence of major economies such as India and China driving the demand from the market.
To describe the competitive landscape, the report profiles some of the key players in the global aircraft seat actuation systems market such as ITT Corporation, Nook Industries Inc., Moog Inc., Zodiac Aerospace S.A., Crane Aerospace & Electronics Inc., PGA Electronics S.A., Rollon S.P.A., B/E Aerospace, Dornier Technologies GmbH & Co., and Buhler Motor GmbH.
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