Aircraft Seat Actuation Systems Market Sales and Revenue Share by Countries

Posted by Sakshi Mishra on January 29th, 2020

The highly fragmented vendor landscape of the global aircraft actuation systems market is currently led by companies such as Zodiac Aerospace, Buhler Motor GmbH, B/E Aerospace, and Rollon S.P.A, states Transparency Market Research (TMR) in its recent market study. Despite the prevailing competition, the market provides ample opportunities for the entry of new players offering innovative technologies. The market requires significant initial investment for research and development, which not many players find encouraging. However, it is likely to provide lucrative returns in the long run. 

“A majority of the companies operating in the market are focusing on product development and investing in extensive research and development activities to gain a competitive advantage,” said a lead TMR analyst.The global aircraft seat actuation systems market to reach US2.2 mn by the end of 2021. The market was valued at US0 mn in 2014. If these figures hold true, the global aircraft seat actuation systems market will report an impressive 13.1% CAGR between 2015 and 2021.

Rising Air Travels will Fuel Demand for Aircraft Seat Actuation Systems

Surging air travels have been fuelling demand for more comfortable flight experience. Manufacturers are therefore focusing on ergonomic seat designs to help passengers maintain a comfortable and correct seating position. Appropriate seat designs are also necessary for pilots and flight crew members to ensure comfort and reduce fatigue from being seated for long hours. Comfortable seating is deemed necessary to allow pilots operate aircrafts efficiently. These are primary factors fuelling demand for aircraft seat actuation systems.

Furthermore, the demand for air travel has remarkably increased in the last couple of years. The number is poised to surge exponentially in the forthcoming years, thus creating demand for advanced aircraft seat actuation systems in response. Besides, the rising demand for premium air travel will aid the expansion of the aircraft seat actuation systems market as well.

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Emerging Concept of Low Frill Airlines Dampens the Market’s Growth

“Despite the overall growth trends for the market being positive, rising concept of low frill airlines is dampening its growth to an extent,” said a TMR analyst. The low frill airlines mainly aim to provide low cost travel solutions. The concept is gaining significance as an increasing number of consumers are starting to use low frill airlines. Since these planes offer lesser air fares, the comfort quotient has been compromised with. This in turn presents a key challenge for aircraft seat actuation system manufacturers.

The high cost of aircraft ownership and maintenance is also acting as a restraint for purchasing aircrafts in bulks. This subsequently limits the scope of sales aircraft seat actuation system manufacturers.