The technological innovation in the aircraft seat actuation systems is expected to act as an opportunity for the market during the forecast period. The seat actuation systems are anticipated to become lighter with less noise and low maintenance in future.
Albany, NY -- (SBWIRE) -- 02/12/2016 -- The seat actuation system is an essential part of commercial aircraft cabins. The market is expected to reach 382.2 million in 2021 growing at a CAGR of 13.1% from 2015 to 2021. The increasing demand for premium air travel is driving the growth for commercial aircrafts. This in return is raising the demand for seat actuation system. Furthermore, the rising awareness for ergonomic seat designs is fuelling the growth for the seat actuation system market.
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Geographically, the market has been segmented into North America, Asia Pacific and Rest of the World. The market is being driven due to growing number of aircraft orders in order to cater to the increasing demand for air travel across the globe. This in return is driving the growth for seat actuation system. Furthermore, the need for ergonomic seat designs in order to avoid neck and back pain in long distance air travel is also fuelling the growth for aircraft seat actuation system.
Europe is leading the global seat actuation system market in 2015 and is expected to dominate the market during the forecast period. The dominance is attributed to the large presence of seat actuation system manufacturers in this region. Europe is followed by North America accounting for around 30% of the global market. However, Asia Pacific has been analyzed to be the fastest growing region during the forecast period. The presence of major economies such as India and China is driving the growth this market due to increase in air travel.
Furthermore, the market has been segmented by types into economy, economy plus, business and first class type seating systems. Business class has the highest market share in 2015 and expected to grow steadily during the forecast period. The growth is due to the increase in demand for premium air travel across all the regions.
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Regionally, the market has been segmented in to North America, Europe, Asia Pacific and Rest of the world. The regional estimation has been done in terms of revenue (USD million). Furthermore, the aircraft seat actuation systems market has been categorized into types which include economy class, economy plus class, business class and first class. In addition, the market has also been segmented by mechanism of the actuators into linear and rotary actuators. Moreover, the aircraft seat actuation systems further been classified by actuator types into electromechanical actuation systems and other types of actuation systems. All the above mentioned segmentations have been analyzed on the basis of revenue (USD million).
For a better understanding of the aircraft seat actuation systems market, a key trend analysis has been provided which studies the growth in various segments. Furthermore, the key players in the market profiled in the report have also been analyzed on the basis of the market share held by them globally.
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In the end of the report, the company profiles of the leading vendors have been discussed on the basis of their company overview, recent developments, financial statements and future strategies adopted by them in the aircraft seat actuation systems market. The major players covered in the report include: Buhler Motors GmbH, Crane Electronics and Aerospace, ITT Corporation, Nook Industries, Inc., PGA Electronics S.A., Dornier Technologie GmbH and Co., Moog, Inc. and Zodiac Aerospace among others.
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