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Aircraft Seat Actuation Systems Market worth 282.69 Million USD by 2020
The report “Aircraft Seat Actuation Systems Market by Seat Type (First Class, Business Class, Premium Economy Class, Economy Class), Actuator Type (Electro-mechanical, Others), Mechanism Type (Linear, Rotary), Fit (Line fit, Retrofit) & Geography - Forecast & Analysis to 2015-2020”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and Rest of the World.
Browse 76 market tables and 70 figures spread through 136 pages and an in-depth TOC on “Aircraft Seat Actuation Systems Market - Forecast & Analysis to 2015-2020”
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This report studies the seat actuation systems market over the forecast period from 2015 to 2020. The market is projected to reach USD 282.69 million by the end of 2020, at CAGR of 9.64% between 2015 and 2020.
The seat actuation systems market is classified into four major segments, namely, seat type, actuator type, mechanism type and fit. The seat type segment is further categorized into first class, business class, premium economy class and economy class. On the basis of actuator type it is segmented into electro-mechanical and others. The mechanism type segment is further classified into linear and rotary. On the basis of fit, the market is segmented into line fit and retrofit.
A number of factors such as demand for lightweight aircraft seats, increase in demand for premium air travel, and others drive the seat actuation systems market. On the other hand, factors such as rise in low cost carriers and high cost of ownership are restricting the growth of this market. However, increase in global air traffic and technological up-gradations provide new growth opportunities for market players.
As of 2015, Europe is estimated to hold the largest share of the seat actuation systems market, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR from 2015 to 2020 owing to a rise in air travel in India and China in the past few years.
Key players in this market include Crane Aerospace & Electronics, Inc. (U.S.), Zodiac Aerospace S.A. (France), ITT Corporation (U.S.), Buhler Motor GmbH (Germany), PGA Electronics S.A. (France) are some of the major players in the seat actuation systems market.
The report also draws the competitive landscape of the aircraft seat actuation systems market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players thriving in this market. The key strategies adopted by major companies in the aircraft seat actuation systems market are new product launches, providing customized solutions, and mergers & acquisitions.
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