Global Aircraft Seat Actuation System Market is Estimated to Reach $1.3 Billion by 2025, Says Accurize Market Research
Global aircraft seat actuation system market report published by Accurize Market Research forecast that the global market is expected to reach $1.3 billion by 2025; growing at a CAGR of 7.8% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Growing demand for aircraft generally in developing countries and attention of customers on comfort with advanced features across the globe to drive the growth of the market
Growing demand for aircraft generally in developing countriesand attention of customers on comfort with advanced features fuelsthe demand for the global aircraft seat actuation system market. Moreover,high investment in R&D to develop innovative technologies also boosts the growth of the market.
The global aircraft seat actuation system market has been bifurcated on the basis of type, aircraft type, component, end user, seat class and geography. By type, the market is segmented into electro-mechanical, hydraulic, and pneumatic. The seat class segment is separated into business class, economy lass, premium economy class and first class. Aircraft type is further divided into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft and business jets. Based on component, the aircraft seat actuation system market is segmented into hardware and software. The end user segment is divided into OEM and aftermarket.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
“Europe is estimated to dominate the global aircraft seat actuation system market during the forecast period”, says accurize
Europe is estimated to lead the global aircraft seat actuation system market in 2017. Major commercial aircraft seat manufacturers such as Zodiac Aerospace and Stelia Aerospace are based in Europe and therefore generate a huge demand for aircraft seat actuation system products. Hence, Europe is projected to continue to dominate the market during the forecast period.
Top players in the market
The key market players include BühlerMotor,Zodiac Aerospace, ITT, Dornier Technologie, Airworks, AlmecEas, Crane Aerospace,Mesag, Nook Industries,Rollon and Astronicsamong others.
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