The global aircraft seat actuation systems market size was valued at USD 194.7 million in 2015. The industry is anticipated to gain momentum, owing to the increasing demand for developing lighter aircraft. Lighter aircraft facilitates achieving high fuel efficiency and, subsequently, helps in minimizing the operational costs. There exists a strong demand for minimizing the heavy expenses that are incurred on operating airplanes, out of which fuel accounts for over one-third of the total fleet operating expenses.
North America Aircraft Seat Actuation Systems Market Revenue by Passenger Class, 2014 - 2024 (USD Million)
Aircraft manufacturers are accentuating on reducing the basic Operating Empty Weight (OEW) of the aerial vehicle by using lightweight equipment and furniture. Minimized payload helps in gaining higher fuel efficiency, thereby propelling growth in the demand for lighter seating setup.
A rise in the disposable income among the general public across the globe is contributing significantly in propelling the demand for the premium air travel. The industry foresees several growth opportunities in the Asia Pacific and Latin American regions, owing to the presence of several emerging economies such as India, China, South Korea, and Brazil.
The high demand for aircraft, especially business jets, owing to increasing international trade activities, is impelling growth in the industry. As seat actuation systems are an integral part of airplanes, the thriving airline industry is predicted to benefit the aircraft seating systems market.
However, low-frill airplanes are expected to deter the industry growth. Such budget airlines cater to cost-sensitive customers that prefer economical and cheaper means of air travel by eliminating sophisticated in-flight comfort facilities and equipment.
Commercial airlines are heavily priced and bring along high maintenance costs, thereby discouraging industry players from placing large airline orders. Macroeconomic conditions and lethargic economic growth are affecting the airline industry, subsequently affecting the demand for the aircraft seat actuation solutions.
The aircraft seat actuation systems industry, on the basis of passenger class, can be classified into four types, economy, economy plus, business, and first class. The economy plus type segment accounted for over 27% of the overall market share in 2015 and is expected to emerge as the fastest-growing segment.
Higher comfort offered by the economy plus type seats during long hauls, along with the improved in-flight entertainment features, is attracting consumer interests and hence, experiencing an upsurge in the demand.
The first class segment accounted for over 28% of the overall market share in 2015 and is predicted to grow remarkably over the next seven years.
The aircraft seat actuation systems industry, on the basis of mechanism, can be classified into two types, linear, and rotary. The linear mechanism segment accounted for over 71% of the overall market share in 2015 and is predicted to continue its dominance over the next seven years. The linear mechanisms are projected to witness a high demand, owing to benefits such as enhanced reclined axes and comfort features such as footrest and leg rest.
The rotary mechanism segment accounted for over 28% of the overall market share in 2015 and is anticipated to gain market share, owing to advantages such as 360-degree rotation capabilities along with the smooth operation and reduced noise.
The industry can be classified on the basis of actuator types into electromechanical systems and others. The electromechanical actuators segment accounted for over 71% of the overall industry share in 2015 and is predicted to continue its dominance over the next seven years.
The other actuator type segment comprises pneumatic and hydraulic actuators and accounted for over 21% of the overall industry share in 2015.
The European region accounted for over 34% of the global marketplace share in 2015. The strong presence of aircraft and seat actuation systems’ manufacturers in the region is considered as a major reason for the market growth.
The industry is predicted to gain momentum in the Asia Pacific and Latin American regions, owing to the increasing income levels among all economic groups and the rising demand for air travel in countries such as China, India, South Korea, and Brazil.
The North American region is expected to present significant opportunities for industry expansion, owing to the increased trade-related activities creating a high demand for business jets. The region accounted for 31% of the global marketplace share in 2015.
Key industry players offering seat actuation systems for aircraft include ITT Corporation (U.S.), Nook Industries Inc. (U.S.), Moog, Inc. (U.S.), Rollon S.p.A. (Italy), and Shandong Jinglu Industrial Control System Co. Ltd. (China).
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