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According to Future Market Insights, the global Aircraft Seat Actuation Systems market is expected to reach US$ 450.8 Million by 2022 and is projected to expand at a CAGR of 6.4% between 2022 and 2032.
Attributes | Details |
---|---|
Market Size 2021A | US$ 423.7 Million |
Market Size 2022E | US$ 450.8 Million |
Market Size 2032F | US$ 838.3 Million |
Value CAGR (2022 to 2032) | 6.4% |
Aircraft Seat Actuation Systems enhance the comfort and operations of seats for passengers and pilots and also aid in safety. Aircraft Seat Actuation systems help in weight, kinematics, and intelligence optimization, as well as delivering seamless, ergonomic seat motion. It also contributes to better connectivity for passengers and pilots, as well as better performance. Electronic control modules, linear and rotary actuators, passenger seat control units, wiring harnesses, and lumbar massage systems are among the components. Because aircraft seat actuation systems are lightweight, reliable, compact, and configurable, their popularity is growing worldwide.
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The market analysis for Aircraft Seat Actuation Systems from 2017 to 2021 exhibited a historical growth rate of 3.6% CAGR. Advances in aircraft seat actuation system design allow greater passenger comfort, leading to the prevention of spinal and cervical pain during extended flights. Seat actuation systems are crucial parts of aircraft cabins, being the primary factor that has driven the market expansion from 2017 to 2021.
According to the most recent FMI analysis, the market is expected to grow at a rate of 6.4% between 2022 and 2032. An increasing number of air travelers indirectly drive demand for seat actuation systems. The increased demand for private aircraft is also projected to drive the aircraft seat actuation system market.
Seat actuation systems enable passengers to modify their seating position to their preference. Increasing disposable income is causing a shift in consumer lifestyle patterns, thus increasing demand for luxury travel. Furthermore, increasing awareness towards ergonomic seat design is positively boosting demand for aircraft seat actuation systems.
Premium flight travel is increasing significantly over the world as disposable incomes rise. Also, positive growth in Aviation Industry is one of the primary factors driving the market. The increased requirement for aircraft maintenance and retrofitting is also surging the industry.
Aircraft manufacturers are actively spending on research and development (R&D) initiatives to optimize the effectiveness, capacity, and intelligence of aircraft seat actuation systems in order to provide passengers with a comfortable and luxurious flying experience. Manufacturers are also working to reduce the aerial vehicle's basic operating empty weight (OEW) by using lighter equipment, which is anticipated to impel the growth of the market.
The market for aviation seat actuation systems is likely to be driven by increased demand for high-tech seats as a result of improvements in seat technology such as motion control, self-adjusting aircraft seat actuators, and their low weight. Additionally, the growth of the market for premium seats with seat actuators is expected to be a significant factor driving the global aircraft seat actuation system market.
Commercial airlines are expensive, with significant maintenance expenses, preventing industry players from putting in substantial airline orders. Macroeconomic difficulties and sluggish economic growth are impacting the airline industry, reducing demand for aircraft seat actuation systems.
Low-frills planes are projected to hinder industry expansions since passengers prefer affordable and less expensive modes of transportation. As a result, many airlines ignore the requirement for sophisticated in-flight luxury facilities and features, impacting the demand for aircraft seat actuation systems.
The cost of manufacturing the Aircraft seat actuation system is high. The aircraft seat actuation system is more expensive than conventional aircraft seats. Due to the high cost of these seats, most airline companies that build planes only use them in the luxury class segments. Another factor that is predicted to impede the global market of aircraft seat actuation systems is the cost of installation.
The business class segment of the aircraft seat actuation systems market is anticipated to exhibit its dominance over the forecast period, aided by the improved standard of living of consumers in developing countries like China and India. North America is the second-biggest market for aircraft seat actuation systems, with Europe holding the largest market share.
The global aircraft seat actuation systems market is predicted to grow at a high pace year over year in growing regions like the Asia Pacific, while the leading markets are projected to grow at a moderate rate.
The market for aircraft seat actuation systems is growing at a modest rate in regions like Latin America, the Middle East, and Africa. The high growth of air travel passengers around the world is anticipated to support the substantial expansion of the global aircraft seat actuation system market over the forecast period.
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Key players operating in the Dornier Technologie GmbH & Co. KG, Zodiac Aerospace S.A, Buhler Motor GmbH, Rollon S.P.A, Almec EAS Ltd, Nook Industries, Crane Aerospace & Electronics Inc, ITT Corporation, AirWorks, Inc, Elektro-Metall Export GmbH, PGA Electronics S.A.
To build a strong position in the Aircraft Seat Actuation Systems market, key market players are boosting, and expanding sales and distribution networks, product differentiation and new product development, and strategic alliances and partnerships.
Attribute | Details |
---|---|
Growth Rate | CAGR of 6.4% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in 000’Units, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Covered |
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Key Companies Profiled |
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Customization & Pricing | Available upon Request |
In 2021, the value of the Aircraft Seat Actuation Systems market reached over US$ 423.7 Million.
During the forecast period, the Aircraft Seat Actuation Systems market is estimated to expand at a CAGR of 6.40% from 2022 to 2032.
The Aircraft Seat Actuation Systems market is projected to reach US$ 838.3 Million by the end of 2032.
China is projected to lead the East Aircraft Seat Actuation Systems market in the forecast period.
Key players operating in the Dornier Technologie GmbH & Co. KG, Zodiac Aerospace S.A, Buhler Motor GmbH, Rollon S.P.A, Almec EAS Ltd, Nook Industries, Crane Aerospace & Electronics Inc, ITT Corporation, AirWorks, Inc, Elektro-Metall Export GmbH, PGA Electronics S.A.
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