Shibuya-ku, Tokyo, Japan, Japan, May 01, 2022, 22:46 /Comserve / -- According to Research Dive analysis, the global aircraft seat actuation system market is estimated to generate a revenue of $1,001.3 million by 2027, increasing from $519.6 million in 2019, at a healthy CAGR of 8.8%.
Impact Analysis of COVID-19 on the Global Aircraft Seat Actuation System Market:
The global aircraft seat actuation system market experienced a negative growth rate at the time of COVID-19 pandemic. The complete shutdown across the globe the airline industry are completely shut which have impacted the aircraft seat actuation system market at the time of pandemic. At this time, the aircraft seat actuation system market witnessed a negative impact drastically. As the airline industry was shut, the demand and manufacturing for aircraft seat auctions system market also declined. These factors are predicted to hinder the market at the time of pandemic.
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Aircraft Seat Actuation System Market Analysis:
Seat actuators are used in aircraft seat to offer better comfort for the passengers as well as cabin crew in the aircraft system. As these are used in the aircraft, increase in the demand of aircraft in various countries for multiple reasons such as better grip and ability to handle the turbulences is predicted to be the major driving factor for the region market in the estimated period. Moreover, rising demand of premium economy seats with the seat actuators in the aircraft is predicted to boost the market in the estimated period.
The high cost involved in manufacturing of the aircraft seat actuation system technology is predicted hamper the market growth during the estimated period. It has been estimated that the maintenance cost and manufacturing cost of the seat auctions systems are expensive and due to which most of the airline manufacturer prefer to have normal economy class seats in the aircraft without having actuation system in the seat which is predicted to hinder the market in the estimated period.
Based on aircraft type, the global aircraft seat actuation system market for aircraft seat actuation system market aircraft type is divided into linear wing and rotary wing.
The linear wing sub-segment is predicted to have the maximum market share and it is anticipated to generate a revenue of $ 601.5 million by 2027.
Based on passenger seat class, the aircraft seat actuation system market is classified into business class, first class, premium economy class, and economy class. The economy class sub-segment garnered $158.0 million in 2019 and is projected to grow exponentially by 2027.
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Based on the type, the aircraft seat actuation system market is segmented into electromechanical and others. The others sub-segment is predicted to grow significantly, and it is expected to cross $470.0 million by 2027.
Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific aircraft seat actuation system market is anticipated to rise at a growth rate of 9.5% by 2027 from the revenue generated in 2019.
Some of the leading aircraft seat actuation system market players are Moog Inc., Astronics Corporation, Crane Aerospace & Electronics, ITT Inc., Collins Aerospace (United Technologies Corporation), NOOK Industries Inc., Rollon SpA, Bühler Motor GmbH, AIRWORK PNEUMATIC EQUIPMENT, Kyntronics and among others.
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