The global aircraft seat actuation systems market size is expected to reach USD 656.9 million by 2024, according to a new study by Grand View Research, Inc.
The global aircraft seat actuation systems market is anticipated to gain traction, owing to the escalating demand for lightweight seats in aircraft. The need for lighter aircraft is critical as it directly impacts the fuel-efficiency of the airliner. The increasing aviation fuel costs account for more than one-third of the fleet operating costs. Hence, vendors are focusing on developing lighter aircraft.
The emerging trend of manufacturing aircraft seats with optimized strength-to-weight ratio by using materials lighter than the conventional supplies facilitates the decrease of the overall airplane weight. Furthermore, the increasing aircraft orders is a key factor presumed to contribute to the industry expansion. The rise can be attributed to an increase in air passenger traffic across the globe.
The growing demand for premium air travel is predicted to energize the industry prospects. The highly competitive scenario in the airline industry is driving down the air travel fares and is, subsequently, driving the demand for premium air travel.
Browse Detail Report With TOC @ http://www.hexareports.com/report/aircraft-seat-actuation-systems-market/details
A rise in trade-related activities across the globe is creating a high demand for business class travel. It is subsequently driving the demand for business class in the aircraft seat actuation systems. Developed economies, especially in the European and North American regions, are experiencing a high demand for such systems.
However, an upsurge in the demand for low-cost carriers and the increasing ownership costs of air carriers are anticipated to hamper the growth of the industry. The high costs of owning an aircraft are particularly presumed to be a major market barrier in the underdeveloped nations. The mounting operational costs and sluggish economic growth, coupled with macroeconomic conditions in the underdeveloped economies, are poised to restrict the industry expansion.
Further key findings from the study suggest:
The first class passenger class segment dominated the global aircraft seat actuation systems industry, accounting for over 28% of the market share in 2015. Highly sophisticated features and better services are driving the demand for this segment.
The European regional market accounted for 34% of the global revenue share in 2015. A rise in the disposable incomes in the European nations is contributing remarkably to the industry growth in the region.
Request A Sample copy of This Report @ http://www.hexareports.com/sample/159397
The linear mechanism segment accounted for 71% of the global revenue share in 2015. The benefits of outboard flap control offered by the linear actuator seating systems, especially in business jets, are predicted to fuel the demand for linear actuators.
The electro-mechanical actuators accounted for 71% of the global revenue share in 2015. Reduced component count, integrated design, and extended reliability are expected to fuel the segment growth.
The key industry participants include B/E Aerospace, Inc. (U.S.), Buhler Motor GmbH (Germany), C&M Electric Actuators, Crane Aerospace & Electronics (Taiwan), ITT Corporation (U.S.), and Zodiac Aerospace Group (France). Industry vendors are emphasizing on offering high-end features and comfortable seating capabilities to offer convenience to the users.
Related Reports:
Buses Markets in China:
http://www.hexareports.com/report/buses-markets-in-china/details
Pickup Truck Markets in China:
http://www.hexareports.com/report/pickup-truck-markets-in-china/details
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/aircraft-seat-actuation-systems-market/details