Aircraft Seat Actuation Systems Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Jan 2020 | No. of Pages : 200 Pages | Category : Automation and Transport

According to Vision Research Reports, the global aircraft seat actuation systems market size is projected to surpass US$ 380 Mn by 2027, expanding at a CAGR of 13% during the forecast period 2020 to 2027.

Aircraft seat actuation systems are an essential part of commercial aircraft cabins. These aircraft systems primarily provide comfortable seating for air travelers. Moreover, the installation of seat actuation system provides additional comfort to passengers, as it enables them to adjust their seating position at the press of a button.

Aircraft seat actuation systems are expected to become more light weight while maintaining passenger comfort for business or first class air travel. Moreover, ongoing technological development in the market is focused on the production of intelligent seat actuation systems that are light weight, generate lesser noise, and possess flexible seat design in order to provide maximum passenger comfort.

Key Drivers and Restraints of Aircraft Seat Actuation Systems Market

  • The global aircraft seat actuation systems market is primarily driven due to a rise in the demand for air travel. Moreover, an increase in disposable income across the globe is enabling travelers to prefer air travel, as it consumes less time and is more comfortable as compared to other modes of travel. Furthermore, in terms of comfort, a rise in awareness about ergonomic aircraft seating is also creating a demand for seat actuation systems.
  • Rise in demand for air travel is also fueling the demand for commercial aircraft. Flight services are increasing the number of aircraft in their fleet to cater to the rise in demand from consumers, which in turn is driving the aircraft seat actuation systems market.
  • According to International Air Transport Association (IATA), demand for aircraft is expected to surpass 39,000 planes in the next 20 years. Rise in urban middle class population is expected to further boost the demand for air travel and in turn drive the aircraft seat actuation system market. Development and expansion of economies, such as those in BRICs, is anticipated to drive the aircraft seat actuation system market during the forecast period.

Expansion of Aircraft Seat Actuation Systems Market

The aircraft seat actuation systems market is primarily driven by an increase in air travel globally. Furthermore, commercial airlines are upgrading their seating arrangements in order to provide better travel experience through comfort and maintaining their price in order to attract travelers. Moreover, increased demand for air travel is boosting sales of aircraft, which in turn is driving the demand for aircraft seat actuation systems. Rising disposable income in developed countries has increased air travel for business and travel purposes, which in turn is projected to further propel the aircraft seat actuation systems market. Low cost carriers have gained popularity among consumers. These airlines have lower fares and fewer comforts. Moreover, Asia Pacific is witnessing a rise in the demand for low cost carriers due to the low airfares and short trips offered by these carries. Cost effectiveness of low cost carriers is hindering the market.

In terms of mechanism, the linear actuators segment held nearly 60% share of the global market in 2018. Linear actuators are extensively utilized in aircraft seat actuation systems, as a majority of functions involved are linear in nature. Linear actuators are primarily used to help passengers adjust their seats as per their comfort. Linear actuators occupy less space and hence, they are favored in seat actuation systems.

Based on actuation system, the electromechanical actuation systems segment held around 80% share of the market in 2018. Electromechanical actuators are utilized in aircraft seat actuation systems to allow passengers to adjust their seats with the help of a control unit, without the need to pull or push the seats themselves. Majority of aircraft are installed with electromechanical actuators in order to provide optimum comfort to passengers. Additionally, technological advances are leading to the development of lightweight seat actuation systems that require low maintenance cost.

Regional Analysis of Aircraft Seat Actuation Systems Market

In terms of region, the global aircraft seat actuation systems market has been segregated into North America, Europe, Asia Pacific, and Rest of World. Europe held a leading share of the global aircraft seat actuation systems market in 2018, owing to high consumer demand for travel comfort. North America, which includes Canada and the U.S., held the second-largest share of the aircraft seat actuation systems market, followed by Asia Pacific, in 2018. The North America market is estimated to expand at a steady pace during the forecast period, as this region is an early adapter of latest technology. Moreover, majority of aircraft vendors carry out their operations in this region. Furthermore, high disposable income of the population in the region enables passengers to afford a comfortable flying experience.

Prominent players operating in the global aircraft seat actuation systems market include Crane Aerospace & Electronics, Inc., Buhler Motor GmbH, ITT Corporation, Zodiac Aerospace S.A.PGA Electronics S.A. ,Rollon S.p.A , Nook Industries, Inc, and Moong Inc.

Segmentation

  • By Application
    • Economy Class
    • Economy Plus Class
    • Business Class
    • First Class
  • By Mechanism
    • Linear Actuators
    • Rotary Actuators
  • By Actuator Type
    • Electromechanical Actuators
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Rest of Asia Pacific
    • Rest of World
      • Latin America
      • Middle East & Africa

The Aircraft Seat Actuation Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Aircraft Seat Actuation Systems market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Aircraft Seat Actuation Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aircraft Seat Actuation Systems market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aircraft Seat Actuation Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Aircraft Seat Actuation Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Aircraft Seat Actuation Systems by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aircraft Seat Actuation Systems market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aircraft Seat Actuation Systems market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aircraft Seat Actuation Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Aircraft Seat Actuation Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Aircraft Seat Actuation Systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aircraft Seat Actuation Systems market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aircraft Seat Actuation Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aircraft Seat Actuation Systems market. These factors have benefited the growth of the global market for Aircraft Seat Actuation Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aircraft Seat Actuation Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Aircraft Seat Actuation Systems are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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