The Aircraft Seat Actuation System Market Projected to Grow at a CAGR of 8.6% and Generate a Revenue of $1187.7 Million by 2031Download Sample Reports Overview
The aircraft seat actuation system market share is predicted to be valued at $1187.7 million by 2031, surging from $526.5million in 2021, at a noteworthy CAGR of 8.6%.
Impact Analysis of COVID-19 on the Global Aircraft Seat Actuation System Market
The COVID-19 pandemic has severely damaged the aviation industry. The airline sector has suffered as a result of the complete stoppage of aircraft travel and all related operational operations during the outbreak. Additionally, the manufacturing of the seats has been suspended, which throughout the pandemic has had a negative impact on the market for aircraft seat actuation system market growth.
Global Aircraft Seat Actuation System Market Analysis
The number of people travelling by air is progressively rising as a result of increased vaccination rates around the globe and loosening air travel laws. Airlines and aircraft operators are encouraged to engage in the purchase of new aircraft as a means of fleet modernization and destination development by the slow but steady increase in passenger traffic. During the anticipated period, this is expected to be a key factor in the market's expansion. The growth for aircraft seat actuation system market share is anticipated to increase in the coming years as a result of an increase in investments in cabin modernization by airlines and aircraft operators to improve the passenger experience onboard aircraft and offer a higher level of passenger comfort. The development of lightweight seat actuators and motors is projected to benefit from investments in technologies such as additive manufacturing for thinning down panels and other seat components to reduce overall weight and manufacturing component costs.
Manufacturing the aircraft seat actuation system market size has a significant production cost. The cost of the airplane seat actuation system technology is 25 times greater than that of other aircraft seat actuation system market growth. For instance, although a typical economy class seat costs up to approximately $10000, creating a seat with an actuation system in flight might cost up to $250000 per seat. Due to the cost, the majority of airline companies who build aircraft only employ these seats in the luxury class sections. Additionally, installing a seat actuation system is an expensive process, which is anticipated to restrain the global aircraft seat actuation system market size during the forecast period.
Global Aircraft Seat Actuation System Market, Segmentation
The global aircraft seat actuation system market demand is segmented based on aircraft type, passenger seat class, type, and region.
The aircraft type segment is further classified into linear wing and rotary wing. The linear wing sub-segment dominated the market in 2021, and it is projected to be fastest growing during the forecast period. Since linear wing types can carry a greater weight over a greater distance, the seat actuators are used to increase the pilot's comfort when flying long distances. These factors are predicted to drive the sub-segment market in the anticipated time period.
Passenger Seat Class:
The passenger seat class segment is further classified into business class, first class, premium economy class, and economy class. The economy class sub-segment emerged as the global leader in 2021, whereas the premium economy class sub-segment is projected to be the fastest growing during the forecast period. The user may sit more comfortably in economy class thanks to the reclining seats. Premium economy class is expected to grow in popularity over time due to its proximity to main and business class cabins, which are significantly more expensive and provide superior seating conditions for the client.
The type segment is further classified into electromechanical and others. The electromechanical sub-segment observed to have a dominating growth in the global aircraft seat actuation system market trend in 2021, and it is anticipated to have the fastest growth during the forecast period. Since electromechanical technology lessens vibration from mechanical machine assemblies and equipment used in aircraft, the majority of aviation companies utilize it, and this is what is anticipated to drive the sub-segment market throughout the forecast period.
The aircraft seat actuation system market analysis in Europe dominated the global market in 2021, and Asia-Pacific is projected to be the fastest-growing sub-segment during the forecast period. The enormous number of seat actuator systems manufacturing facilities in the region is a significant contributor to the market's growth in Europe. Additionally, businesses are investing more in developing cutting-edge aircraft seats, which is expected to expand investment prospects in the foreseeable future.
Key Players in the Global Aircraft Seat Actuation System Market
Some of the leading aircraft seat actuation system market growth players are
- Moog Inc.
- Astronics Corporation
- Crane Aerospace (United Technologies Corporation)
- NOOK Industries Inc.
- Rollon SpA
- Bühler Motor GmbH
- Airwork Pneumatic Equipment
- Kyntronics, and among others.
Recaro Aircraft Seating has been chosen to provide the brand-new CL3810 economy class seat for Qatar Airways' new A321neo aircraft starting in September 2021. From the end of 2022, the business will start outfitting the new CL3810 seats 20 A321neo aircraft.