The Aircraft Seat Actuation System Market is projected to reach USD 730.7 million by 2022, at a CAGR of 7.58% from 2017 to 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022. Increase in aircraft orders, rising demand for lightweight seats, and growth in premium air travel are projected to drive the aircraft seat actuation system market in the coming years. However, backlog of aircraft deliveries is major challenge which can affect the growth of aircraft seat actuation system market.
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“Business class segment of the aircraft seat actuation system market is projected to grow at the highest CAGR from 2017 to 2022”
Based on seat class, the business class segment is projected to grow at the highest CAGR during the forecast period. The increase in aircraft orders and demand for enhanced passenger experience, especially in long-haul aircraft, are among the key factors driving this segment of the market.
“The wide body aircraft segment of the aircraft seat actuation system market is projected to grow at the highest CAGR from 2017 to 2022”
Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increase in orders for wide body aircraft due to the increased demand for long-haul travel is one of the key factors driving this segment of the aircraft seat actuation system market.
The aircraft seat actuation system market in the Middle East is growing at the highest rate due to the presence of many profitable airlines, namely, Etihad Airways (UAE), Emirates (UAE), and Turkish Airlines (Turkey) in the region. The growing air passenger traffic coupled with the increase in demand for premium seating are the main drivers expected to propel the growth of the aircraft seat actuation system market in the Middle East during the forecast period. The market in this region is mostly fueled by the aftermarket activities as the maintenance and retrofitting market is high.
Key Market Players:
Major companies profiled in the report include Zodiac Aerospace (France), Crane Aerospace (US), ITT Corporation (US), BÜHLER MOTOR (Germany), Rollon (Italy), and Astronics Corporation (US) among others.
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