NEW YORK, Aug. 24, 2021 /PRNewswire/ — As per a recent report studied by Research Dive, the Global Aircraft Seat Actuation System Market is predicted to gain $1001.3 million by 2027, at a CAGR of 8.8% during 2020-2027 timeframe.
Download PDF Sample Report of Aircraft Seat Actuation System Market
Covid-19 Impact on the Aircraft Seat Actuation System Market
The downfall of the airline industry during the Covid-19 crisis due to the shutdown of air travel and related operations is predicted to decline the global aircraft seat actuation system market. Moreover, the pandemic has led to a complete halt of the manufacturing of aircraft seats, which is affecting the market growth.
Factors Affecting the Aircraft Seat Actuation System Market Growth
The growth in the utilization of aircraft seat actuation system technology due to its importance in aircrafts is estimated to surge the market in the forecasted years. High-quality seats with features such as comfort, motion control, self-adjusting aircraft seat actuators, and lightweight are anticipated to boost the market in the estimated timeframe. However, high costs associated with the manufacturing of aircraft seat actuation systems are projected to hamper the market growth in the forecasted years. On the other hand, an increase in the demand for low-cost airlines equipped with seat actuators is projected to open various opportunities in the market.
Segment Analysis
The report divides the market into segments based on aircraft type, passenger seat class, type, and region.
Access our comprehensive analysis of the IMPACT OF COVID-19 ON AIRCRAFT SEAT ACTUATION SYSTEM MARKET
Based on aircraft type segment, the market is divided into
Rotary wing
Linear wing
From the above, the linear wing-sub-segment is expected to surge at a CAGR of 7.9% during the forecasted period. The linear wing type has the potential to carry massive payloads for longer distances, thus the seat actuators are utilized for the pilot’s comfort during a long journey. This aspect is projected to fuel the growth of the sub-segment market during the forecasted period.
Based on passenger seat class segment, the market is classified into
First-class
Business-class
Economy class
Premium economy class
From the above, the premium economy class sub-segment is predicted to upsurge at a CAGR of 8.9% during the analyzed timeframe. The premium economy class lies between business and first-class cabins which are considerably more expensive. Premium economy offers better seating for the customer as well. This factor is projected to bolster the sub-segment market growth during the forecasted years.
Based on type segment, the market is bifurcated into
Electromechanical
Others
The electrochemical sub-segment is anticipated to rise at a CAGR of 10.1% during the forecasted years. The electrochemical seats minimize vibrations produced from the mechanical machine apparatus and assemblies present in the aircraft. This factor is projected to drive the sub-segment market growth during the forecasted years.
Get Additional 20% OFF on Report Customization: Grab PROMO CODE
Regional Outlook
The major regions of the market are as follows:
LAMEA
Europe
North America
Asia-Pacific
From the above, the European market is expected to enhance at a CAGR of 8.2% during the forecasted years. The regional market growth is mainly due to the presence of leading manufacturing companies. The companies are involved in creating new and advanced seats for the aircraft, thus boosting the global market growth.
Top 10 Key Players and Developments – Aircraft Seat Actuation System Market
The leading players of the global aircraft seat actuation system market are as follows:
Kyntronics
Astronics Corporation
Moog Inc.,
Crane Aerospace & Electronics
Collins Aerospace (United Technologies Corporation)
ITT Inc.,
NOOK Industries Inc.,
Bühler Motor GmbH
Rollon SpA,
AIRWORK PNEUMATIC EQUIPMENT
These market players are adopting numerous strategies like new product launches, building product portfolios, financing various research and development activities, mergers and acquisitions, and collaborations to flourish in the global market. For example, in September 2019, Astronics Corporation, a provider of technologies for defense and aerospace, declared the launch of an in-seat power retrofit solution for aircraft. This product offers quick USB charging choices for aircraft during overnight maintenance checks.
They are focusing on advanced product developments and merger & acquisition. These are some of the strategies conducted by the startups as well as established business organizations. –Inquire and Get Quick Access to Top Companies Development Strategies Summary Report
More about Aircraft Seat Actuation System:
Know Your Choice of Airplane Seat Ahead of the Journey
Related Trending Topics:
1. UAV Drone Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 – Request to Download a Sample Report
2. Airborne Sensor Market: Global Opportunity Analysis and Industry Forecast, 2019-2027 – Request to Download a Sample Report
3. EVTOL Aircraft Market: Global Opportunity Analysis and Industry Forecast, 2026-2033 – Request to Download a Sample Report
About Research Dive:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact Us:Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: [email protected]
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
SOURCE Research Dive
