Market Overview
Latest report reveals that the global commercial aircraft seat actuation market is set to proliferate exponentially at a CAGR of 7.70 % and projected to grow 1276.4 Million by 2032 during the forecast period 2022 to 2032. The increasing investments into the enhancement of passenger experience by the aviation industry leaders are likely to favour the market growth in the forthcoming years.
The increasing demand for lightweight seat designs due to fuel efficiency has opened avenues of growth opportunities for the Commercial Aircraft Seat Actuation Market participants. Additionally, the growing demand for new aircrafts is another factor responsible for accelerating the expansion of the market.
The boom witnessed in the aviation industry coupled with increasing disposable income of the customers have intensified the need for comfortable passenger experience. This, in turn, is prognosticated to have a positive influence on the proliferation of the Commercial aircraft seat actuation market growth .
The market exhibits enormous potential at this point and is poised to catalyze revenue creation through the assessment period. Some of the factors responsible for the market proliferation include the adoption of electric actuators, rising demand in the emerging countries, etc. However, factors such as an increase in competitive inexpensive carriers, industry regulations, etc. are expected to hold the proliferation of the market across the review period.
Key Players:
Some of the key players profiled in the report are Bühler Motor, Zodiac Aerospace, Airworks, Dornier Technology, Nook Industries, Crane Aerospace & Electronics, Enivate, Global AirWorks, PGA Electronics, and UTC Aerospace.
Market Segmentation
By seat type, the Commercial Aircraft Seat Actuation Market has been segmented into first class, business class, premium economy class, and economy class.
By aircraft type, global Market Revenue is segmented into WBA, NBA, and RTA.
By actuator type, the Market Revenue has been segmented into hydraulic and electromechanical systems.
By mechanism type, the global Market Revenue is segmented into linear and rotary.
By fit, the Market Revenue has been segmented into line fit and retrofit.
Regional Analysis
By region, the global Commercial aircraft seat actuation market industry has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Europe is likely to remain a highly lucrative market in the forthcoming years. The growth trajectory of the regional market is guided by the developments introduced by the European Aviation Safety Agency (EASA) and the European Union (EU). Additionally, the presence of aircraft seat actuator manufacturers in the region is expected to fuel the growth of the market.
The Commercial Aircraft Seat Actuation Market in North America is anticipated to witness a surge in demand and exhibit significant growth over the next couple of years. Meanwhile, the market in Asia Pacific is set to register a strong CAGR of 14% during the forecast period.
The Middle East & Africa market resonates strong growth opportunities which are attributable to the massive air traffic and booming aviation industry. Furthermore, the increased investments by the key players in the region for the development of the Commercial Aircraft Seat Actuation Market is also anticipated to accelerate the revenue creation for market players.
Related reports:
UAV Market Research Report: Information by Type (Fixed Wing and Multi Rotor), Component (Airframe, Payload, Guidance Navigation & Control and Propulsion System), Application (Military UAVs and Commercial UAVs) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030
UAV Payload and Subsystems Market Information, By Payload (C4I, Radar, Electronic Warfare (EW), Electro-optic and Infrared Sensor (EO/IR), and Sonar), By Type (MALE UAVs, HALE UAVs, Man-portable UAVs and others) - Forecast to 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions
Contact:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312