According to a new report published by Allied Market Research, titled, “Aircraft Seat Actuation System Market,” The aircraft seat actuation system market was valued at $526.49 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 8.6% from 2022 to 2031.
The use of aircraft seat actuation system technology has drastically increased over the years, making it an essential component of the aircraft, and it is anticipated that this will lead to a considerable expansion in the global market for these systems. Increased consumer comfort is one factor contributing to the rise in demand for aircraft seats. Additionally, the demand for advanced technology seats has grown due to advancements in seat technology such as self-adjusting aircraft seat actuators, motion control, and lightweight, which is anticipated to drive the aviation seat actuation system market in the projected time frame.
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Additionally, it is anticipated that a key element propelling the worldwide aircraft seat actuation system market in the coming years will be the rising demand for premium seats with seat actuators. More investment possibilities are anticipated to arise for the aircraft seat actuation system market throughout the forecasted period due to an increase in demand for low-cost airlines using seat actuators.
Impact of COVID-19 on the Global Aircraft Seat Actuation System Industry :
- The novel coronavirus pandemic had a severe impact on a number of businesses, including the market for allergy diagnostic, which experienced decline during this time.
- Additionally, during the COVID-19 outbreak, the aircraft industry is in utter disarray as a result of the pandemic.
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- Due to the total suspension of aircraft travel and all associated operational operations during the epidemic, the airline industry has had detrimental effects.
- Moreover, the production of the seats has been halted, which has had a detrimental effect on the market for aircraft actuation systems during the epidemic.
The key players profiled in the aircraft seat actuation system market report include Moog Inc., Astronics Corporation, Crane Aerospace (United Technologies Corporation), NOOK Industries Inc., Rollon SpA, Bühler Motor GmbH, AIRWORK PNEUMATIC EQUIPMENT, Kyntronics and among others.
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Key Findings of the Study :
- Based on aircraft type, the linear wing sub-segment emerged as the global leader in 2019 as well as it is anticipated to be the fastest growing sub-segment during the forecast period
- Based on passenger seat class, the economy class sub-segment emerged as the global leader in 2019 and the premium economy class sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on type, the electromechanical sub-segment emerged as the global leader in 2019 as well as it is predicted to show the fastest growth in the upcoming years
- Based on region, the Europe market registered the highest market share in 2019 and the Asia-Pacific market is predicted to show the fastest growth in the upcoming years
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Aircraft Heat Exchanger Market – https://www.alliedmarketresearch.com/aircraft-heat-exchanger-market-A09162
Aircraft Internal Fuel Tank Market – https://www.alliedmarketresearch.com/aircraft-internal-fuel-tank-market-A09163
Aircraft Reduction Gearbox Market – https://www.alliedmarketresearch.com/aircraft-reduction-gearbox-market-A09164
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