Increased Aircraft Orders Drive the Aircraft Seat Actuation Market Until 2020
FREMONT, CA: Technavio, a market research company, announces the outcome of the latest market research report conducted on the aircraft seat actuation market – asserting that the commercial aircraft seat actuation systems market will surpass USD 351 million in revenue by 2020.
The research report conducted by Technavio covers the present scenario and growth prospects of the global commercial aircraft seat actuation systems market for 2016-2020. The report takes into consideration the market size and key drivers predicted to impact the global commercial aircraft seat actuation systems market over the forecast period.
This global market research segments the commercial aircraft seat actuation market by aircraft type, by product, and by geography.
According to Geography
According to the report, EMEA occupies 35.15% of the commercial aircraft seat actuation systems market making it the largest market. According to the report EMEA will grow from USD 65.94 million in 2015 to USD 122.6 million by 2020. TheAmericas is the second largest as it occupies 33.04% and the APAC occupies 31.81% of the market.
According to Aircraft type-based segmentation of the commercial aircraft seat actuation market
There are four aircraft types in the commercial aircraft seat actuation market: Wide-body aircraft seat actuators, single-aisle aircraft seat actuators, regional jet seat actuators and turboprop seat actuators. In this market study, analysts have estimated the single-aisle aircraft seat actuators segment to grow at a CAGR of over 3% during the forecast period.
In EMEA, a large number of orders were placed for single-aisle aircraft, which will be in service during the forecast period. This increasing demand is the reason for the growth of long-haul air transportation and will be the major driving factor for this market segment until the end of the forecast period.
According to Product-based segmentation of the commercial aircraft seat actuation market
There are two types: Hydraulic seat actuation systems and electromechanical seat actuation systems. The hydraulic seat actuation systems segment will witness stark growth during the forecast period. The increasing orders, backlogs, and deliveries of aircraft, which employ hydraulic actuation systems, would simultaneously drive the market during the forecast period.
“Seat actuation systems form an integral part of aircraft cabins. These modern systems are designed to offer skull and lower back support to passengers traveling in long haul flights. Lightweight seat designs with lower noise and maintenance have seen a marked increase in demand over the past few years. The global commercial aircraft seat actuation systems market is also fueled by premium activities for passengers and convenient seating,” says Abhay Singh, one of Technavio’s lead industry analysts for aerospace components.