Press release
Aircraft Seat Actuation System Market worth $730.7 million by 2022
According to the new market research report "Aircraft Seat Actuation System Market by Type (Electro-Mechanical, Hydraulic, Pneumatic), Seat Class (Business, Economy, Premium Economy, First), Component (Hardware, Software), End User (OEM, Aftermarket), Aircraft Type - Global Forecast to 2022", The aircraft seat actuation systemmarket is projected to grow from USD 507.1 million in 2017 to USD 730.7 million by 2022, at a CAGR of 7.58% from 2017 to 2022. The increase in aircraft orders, passenger traffic, and upgrades of aircraft are some of the key factors driving the aircraft seat actuation system market.Browse 84 market data tables, 33 figures spread through 123 pages and in-depth TOC on "Aircraft Seat Actuation System Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/aircraft-seat-actuator-market-43853437.html
Electro-mechanical segment projected to grow at highest CAGR from 2017 to 2022.
The electro-mechanical segment of the aircraft seat actuation system market is estimated to be the fastest-growing type segment during the forecast period. Electro-mechanical actuators are lightweight and are designed to deliver precise movement of seats. This type of actuation systems is used in premium economy, business class seats and first-class seats. The demand for premium economy has increase in developing countries and most of the airlines in Asia Pacific region are providing premium economy seats which is directly fuel the demand for electro-mechanical system.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43853437
Business class segment projected to grow at the highest CAGR from 2017 to 2022.
Based on seat class, the business class segment is projected to grow at the highest CAGR during the forecast period. Business class and first class seats have various features, including adjustable headrests, reclining mechanism, electronics, control for in-flight entertainment systems, and massage and adjustable lumbar support. The increasing air passenger traffic and demand for premium class seating in aircraft are driving the growth of the business class segment of the aircraft seat actuation system market.
Wide body aircraft segment projected to grow at the highest CAGR from 2017 to 2022.
Based on aircraft type, the wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The increase in orders for wide body aircraft due to the increased demand for long-haul travel is one of the key factors driving this segment of the aircraft seat actuation system market. Wide body aircraft are installed with first class, business class, economy class, and premium economy class seats. Hence, the demand for advanced seat actuation systems is high in this segment. Wide body aircraft are also being retrofitted with advanced seating systems in the premium seating category.
Aftermarket segment projected to grow at the highest CAGR from 2017 to 2022.
Based on end user, the aftermarket segment of the aircraft seat actuation system market is projected to grow at the highest CAGR during the forecast period. The aftermarket sales of seat actuation systems depend on the regular retrofitting of aircraft seating as well as the replacement of spare parts during the scheduled and unscheduled maintenance of aircraft. North America and Europe are the largest markets for aftermarket aircraft seat actuation system. The airlines in these regions have a higher rate of usage of seats, and they are often retrofitted.
Middle East aircraft seat actuation market projected to grow at highest CAGR from 2017 to 2022
The Middle East is expected to be the fastest-growing market during the forecast period. The growth is largely due to an increase in fleet size of the countries in the region. The airlines operating in this region are focused on enhancing passenger experience and the aftermarket sales are expected to be high. The growing air passenger traffic coupled with the increase in demand for premium seating are some of the major drivers expected to propel the growth of the aircraft seat actuation system market in the Middle East during the forecast period.
Major players operating in the aircraft seat actuation system market include Zodiac Aerospace (France), Crane Aerospace (US), and Astronics Corporation (US). These key players offer various aircraft seat actuation system types, including electro-mechanical, hydraulic, and pneumatic. The companies are focused on developing advanced systems for premium seating segments. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and other regions.
Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aircraft Seat Actuation System Market worth $730.7 million by 2022 here
News-ID: 1959713 • Views: …
More Releases from MarketsandMarkets
Research Antibodies & Reagents Market Worth $16.2 Billion | MarketsandMarkets
Research Antibodies & Reagents Market in terms of revenue was estimated to be worth $11.8 Billion in 2023 and is poised to reach $16.2 Billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies…
Analytical Standards Market worth $2.1 billion by 2028
Analytical Standards Market in terms of revenue was estimated to be worth $1.5 Billion in 2023 and is poised to reach $2.1 Billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors such as growth in the applications of analytical techniques in proteomics & metabolomics and the rising public concerns related to optimal food safety & quality are high…
Biopsy Devices Market worth $12.6 billion by 2028
Biopsy Devices Market in terms of revenue was estimated to be worth $6.6 billion in 2023 and is poised to reach $12.6 billion by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The major factors driving the growth of this market include Progress in medical technology has resulted in the creation of increasingly accurate and less invasive biopsy instruments, thereby…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
