Commercial Aircraft Seat Actuation Market Revenue Segmentation, Demand and Market Shares by 2030
Market Overview
Latest report reveals that the global
commercial aircraft seat actuation market revenue is set to proliferate
exponentially at a CAGR of 12.5% during the forecast period 2020 to 2030. 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 overview.
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
Commercial aircraft seat actuation 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
The
global Commercial Aircraft Seat Actuation Market Revenue 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.
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