Amid the COVID-19 crisis, the global market for Aircraft Seat Actuation System estimated at US$529.5 Million in the year 2020, is projected to reach a revised size of US$818.3 Million by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027.Electro-Mechanical, one of the segments analyzed in the report, is projected to grow at a 7.4% CAGR to reach US$347.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydraulic segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 40.6% share of the global Aircraft Seat Actuation System market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 9.8% CAGR for the Period of 2020-2027
The Aircraft Seat Actuation System market in the U. S. is estimated at US$143.2 Million in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$178.4 Million in the year 2027 trailing a CAGR of 9.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR while Rest of European market (as defined in the study) will reach US$178.4 Million by the year 2027.
Pneumatic Segment Corners a 19.7% Share in 2020
In the global Pneumatic segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$78.8 Million in the year 2020 will reach a projected size of US$111.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$110.8 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 380-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Almec EAS Ltd.
- Astronics Corporation
- Buhler Motor GmbH
- Crane & Company
- ITT Corporation
- Nook Industries, Inc.
- Rollon India Pvt. Ltd.
- Zodiac Aerospace SA
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Aircraft Seat Actuation System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
Aircraft Seat, A Definition
Actuators in Aviation: A Review
Aircraft Seat Actuation System
Types of Aircraft Seat Actuation System
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Robust Outlook for Commercial Aviation Provides the Cornerstone for Growth in the Aircraft Seat Actuation System Market
Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain: Global Commercial Airline Revenue (In US$ Billion) for the Years 2017, 2019 and 2022
Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Seat Actuation System: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
The Era of Airline Differentiation & the Growing Interest in Using Seating Options for Service Differentiation to Spur Growth in the Market
Killer Competition in Ticket Pricing & the Focus on Ancillary Purchases to Push Up Revenues to Benefit Demand for Seat Actuation Systems for Premium Seating Comfort: Global Airline Ancillary Services Market in US$ Billion for the Years 2017, 2019, 2022, 2025 and 2027
The Rise of Premium Economy as the New Business Class to Spur Growth in the Market
The Emphasis On Passenger Comfort Throws the Focus Squarely on Seats Which Ranks as the Most Important Factor for a Comfortable Flight & Flying Experience
Growing Business Class Travel & the Ensuing Demand for Full-Flat & Angled Lie-Flat Seats to Spur Growth of Seat Actuation Systems
Top Airline Companies Worldwide Featuring Full-Flat or "Angled" Lie-Flat Seats
Brighter Long-Term Outlook for Business Travel Spending Notwithstanding the Current Fractures in Business Confidence as a Result of Downward Revisions to Global GDP for 2019 Will Nevertheless Drive Gains in the Market Through 2022: Global Business Travel Spends (In US$ Billion) 2017 Through 2022
Electro-Mechanical Actuation, the Most Widespread Technology in Use to Gain Greater Dominance as Demand for Lightweight Seats Becomes More Urgent
Effervescent Innovations in Economy Class Seats Encompassing Knee Rescue Seats, Side Slip Seats & Integration of Adjustable Features on Seats to Spur Opportunities for Actuator Solutions
Large Aircraft Fleet Size & a Robust MRO Industry Combine to Make the Secret Sauce for Growth in the Aftermarket
Expanding Global Fleet Size to Benefit Opportunities for Replacements & Upgrades of Seat Actuation Systems in the MRO Market: Global Aircraft Fleet Size (In Units) by Geographic Region for the Years 2017, 2019, 2024, 2029 and 2037
A Robust MRO Industry is a Major Win for Seat Actuators in the Aftermarket: Global MRO Industry (In US$ Billion) for the Years 2019, 2024 and 2029
Shrinking Seat Width & Pitch & the Rise of Standing Plane Journeys in Ultra Economy Class Will Restrict Opportunities for Advanced Seat Actuation Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Aircraft Seat Actuation System Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Aircraft Seat Actuation System Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 47
- ALMEC EAS LTD.
- ASTRONICS CORPORATION
- BÜHLER MOTOR GMBH
- CRANE & COMPANY
- ITT CORPORATION
- NOOK INDUSTRIES
- ROLLON INDIA PVT.
- ZODIAC AEROSPACE SA
- AERO SPACE CONTROLS CORPORATION
- ARKWIN INDUSTRIES INC.
- BEAVER AEROS