The Aircraft Seat Actuation Systems Market was valued at about USD 318.58 million in 2021 and is anticipated to register a CAGR of over 2.5% during the forecast period (2022-2027).
The outbreak of COVID-19 pandemic in 2020 has severely impacted the entire aviation industry and has resulted in several aircraft operators filing for bankruptcy, which affected the demand for aircraft in short term, and in turn, aircraft seat actuation systems. However, the market has gradually recovered in 2021 due to the increasing aircraft deliveries compared to previous year. Similar trend has been reflected in military and general aviation sectors.
With the increasing vaccination in various countries, the air passenger traffic is gradually increasing as the regulations for air travel are alleviating. This gradual recovery in passenger traffic is supporting the airlines and aircraft operators to invest in the procurement of new aircraft for fleet modernization and destination expansion. This is majorly driving the growth of the market during the forecast period.
Growing investment for cabin modernisation by airlines and aircraft operators for enhancement of passenger experience onboard aircraft as well innovation in seat designs by the seat manufacturers for offering higher level of passenger comfort is anticipated to propel the demand for aircraft seat actuation systems market in the coming years.
The investments into technologies like additive manufacturing for manufacturing thin down panels and other seat compoents for reducing the overall weight and cost of manufacturing components is anticipated to promote the development of light weight seat actuators and motors.
Key Market Trends
The Fixed-wing Aircraft Segment Accounted for Major Revenue Share in 2021
The fixed-wing aircraft segment currently dominates the market and is anticipated to continue its dominance over the market primarily due to their higher deliveries and seat requirements compared to the rotary-wing aircraft. New aircraft deliveries have improved in 2021 as compared to 2020, due to gradual growth in passenger traffic and airline operations. In 2021, Airbus delivered 611 commercial aircraft (566 deliveries in 2020), Boeing delivered 340 commercial aircraft (157 deliveries in 2020), and ATR delivered 31 aircraft (10 deliveries in 2020). The gradual recovery in demand for commercial aviation as well as business and private aviation is further propelling the procurement of new aircraft. Similarly, as the supply chain issues subsided, the fixed-wing aircraft deliveries in the military sector have witnessed growth. For instance, Lockheed Martin delivered 142 F-35 fighter aircraft (compared to 123 deliveries in 2020) and Dassault Aviation exported 25 Rafale fighter jets (compared to 13 deliveries in 2020). The growth in aircraft deliveries is anticipated to propel the growth of the market during the forecast period. Also, the aircraft seat manufacturers in collaboration with aircraft operators are working on enhancing their designs to attract new customers. Such innovation in cabin interiors and seating modules is expected to propel the growth of the segment in the coming years.
The Middle-East and Africa Region will Witness Highest Growth During the Forecast Period
The demand for aircraft seat actuation systems market is anticipated to be highest in the Middle-East and Africa region majorly due to demand for wide-body aircraft from major airlines as well as large size aircraft demand from private and charter companies in the region. For instance, Etihad and Emirates together have an order book of more than 270 aircraft (as of January 2022), which majorly includes Boeing 777X, Airbus A350 family, A380, and Boeing 787 family of aircraft. Similarly, with the growing demand for air travel in the Middle-East region, the airlines and aircraft operators in the region are investing in the expansion of their aircraft fleet to introduce new aircraft routes in the region.
Similarly, the growth in terrorism in this region has resulted in these countries spending a significant amount on the procurement of military aircraft. The Qatar Emiri Air Force (QEAF) received its first batch of the new generation F-15 combat aircraft in August 2021, produced by the United States and Boeing, in partnership with the Gulf state. The aircraft was delivered under an order signed by the country in 2017 for procurement of 36 F-15QA fighter aircraft with an option for additional 36 aircraft. Similar aircraft orders from Air Forces of Egypt, Jordan, Morocco, Algeria, and Israel, among others are anticipated to accelerate the growth of the seat actuation systems market during the forecast period.
The market of aircraft seat actuation systems is a highly consolidated market with very few players accounting for the majority share in the market despite the presence of the many component providers in the market. Some of the prominent players in the aircraft seat actuation systems market are Safran SA, Meggit PLC, Crane Co, AMETEK Inc., and ITT Inc. The demand is expected to remain robust and free from market fluctuations due to the economic downturn and COVID-19 pandemic from the military applications side and thus manufacturers should focus on this segment to stabilize and secure their revenue sources. The Asia-Pacific and the Middle-East and Africa regions, which are currently experiencing demand in the aviation industry, presently, lack adequate infrastructure and inventory of products to supply quickly. Therefore, the companies are expanding their presence in underdeveloped regions locally, as that would provide them the first-mover advantage and will also benefit from offset clauses that are being set forth by many governments globally as part of contract obligations.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.2 Scope of Study
1.3 Currency Conversion Rates for USD
3.2 Market Share by Mechanism, 2021
3.3 Market Share by Aircraft Type, 2021
3.4 Market Share by Geography, 2021
3.5 Structure of the Market and Key Participants
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.2 Aircraft Type
5.2.1 Fixed-wing Aircraft
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 South Korea
188.8.131.52 Rest of Asia Pacific
5.3.4 Latin America
184.108.40.206 Rest of Latin America
5.3.5 Middle-East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 Rest of Middle-East and Africa
6.2 Company Profiles
6.2.1 Lee Air Inc.
6.2.2 Safran SA
6.2.3 Astronics Corporation
6.2.4 Crane Co.
6.2.5 ITT Inc.
6.2.6 CEF Industries LLC
6.2.7 ElectroCraft Inc.
6.2.8 NOOK Industries Inc.
6.2.9 Rollon SpA
6.2.10 Buhler Motor GmbH
6.2.11 AMETEK Inc.
6.2.13 Meggitt PLC
6.2.14 OTM Servo Mechanisms Limited
A selection of companies mentioned in this report includes:
- Lee Air Inc.
- Safran SA
- Astronics Corporation
- Crane Co.
- ITT Inc.
- CEF Industries LLC
- ElectroCraft Inc.
- NOOK Industries Inc.
- Rollon SpA
- Buhler Motor GmbH
- AMETEK Inc.
- Meggitt PLC
- OTM Servo Mechanisms Limited