Aircraft Seat Actuation Systems Market To Fly High As It Provides Airline With Comfortable And Correct Seating Position
However, the high cost of aircrafts and their maintenance restricts
the bulk purchase of aircrafts, which in turn is inhibiting the
growth of the aircraft seat actuation systems market. The emerging
concept of low frill airlines is also threating the market’s growth
prospects to an extent. Nevertheless, the recent technological
advancements will provide ample opportunities for aircraft seat
actuation systems manufacturers to capitalize on in the near future.
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According to TMR, the global aircraft seat actuation systems market
stood at US$150 mn in 2014. Rising at a C AGR of 13.1%, the market is
expected to reach US$382.22 mn by the end of 2021.
Business Class to Exhibit Strong Demand for Aircraft Seat
Actuation Systems
By type, the global aircraft seat actuation systems market was led by
the business class segment in 2014 with a share of 32%. The segment
is witnessing substantial growth due to the increasing demand for
better comfort during air travels. Furthermore, rapid globalization
has resulted in robust increase of international business trips. This
in turn has fuelled demand for aircraft seat actuation systems from
the business class segment. It is expected to continue dominating the
market through the course of the forecast period. However, TMR
expects the economy class segment to exhibit robust growth between
2015 and 2021.
The economy class encompasses a major portion of the seating
arrangement in an aircraft since most passengers opt for this
category. Actuation solutions deployed in this category are limited
to linear motions to help passengers adjust their seats. This economy
class seating therefore lacks the ergonomics and comfort offered by
business class seating. However, the latest technological
advancements are expected to make quite a few changes in the economy
class seating designs, thus creating lucrative opportunities for the
aircraft seat actuation systems manufacturers.
Presence of Prominent Companies to Seal Europe’s Position as
Market Leader
From the geographical standpoint, Europe dominated the global
aircraft seat actuation systems market in 2014. The region is
witnessing a rising demand for comfortable aircraft seating. This,
combined with the presence of several prominent manufacturers, has
sealed Europe’s position as the most lucrative market for aircraft
seat automation systems in the world. The region is also home Airbus,
which is one of the leading airline manufacturers in the world. These
factors are expected to support the Europe market to reach US$131.1
mn by the end of 2021.
However, TMR expects Asia Pacific to exhibit the strong growth in
terms of demand for aircraft seat actuation systems. India, Japan,
and China have emerged as the most lucrative markets for aircraft
seat actuation systems in Asia Pacific. These countries are expected
to witness significant technological advancements over the next few
years to cater to the low-cost production needs of the region. This
will considerably influence the aircraft seat actuation systems sales
in Asia Pacific. Furthermore, rising disposable income levels across
emerging economies have made passengers more willing to pay for
comfortable flight. This will positively influence the market’s
trajectory in Asia Pacific.
Read Full Press Release @
http://www.transparencymarketresearch.com/pressrelease/global-aircraft-seat-actuation-systems-market.htm
Some of the leading companies looking to benefit from the
aforementioned trends are PGA Electronics S.A., Crane Aerospace &
Electronics, Inc, Buhler Motor GmbH, ITT Corporation, Zodiac
Aerospace S.A., and Nook Industries, Inc.
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