The Aircraft Seat Actuation System Market is on a steady rise, poised to reach a significant value of USD 763 million by 2025, with a remarkable CAGR of 9.0% from 2020 to 2025. This growth is driven by several factors, including the surging demand for premium economy seats and the increasing focus on maintenance and retrofitting of existing aircraft.
The electromechanical segment takes the lead in market share, owing to its versatile application in both linear and rotary mechanisms. With the growing air passenger traffic and the need for replacing aging aircraft, the fixed-wing aircraft category stands as a major driver for market expansion.
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In the pursuit of customization, the OEM segment is expected to witness a higher CAGR during the forecast period, as airlines prefer fitting various components in newly manufactured aircraft rather than going through the cumbersome process of retrofitting existing ones.
Another promising segment in this market is the rotary wing, which encompasses helicopters. Countries like the US, France, Russia, and Italy are investing considerably in the commercial sector, and government budgets for VIP/VVIP transport are driving the procurement of new aircraft, particularly helicopters.
Both first class and economy class segments are projected to witness significant growth. First-class seats, with their luxury features, and economy class seats, driven by the rise of Low-Cost Carriers (LCCs), are contributing to this growth trend.
The passenger control unit segment is also on the rise, primarily due to the retrofitting of existing aircraft with advanced control systems.
Geographically, North America holds the largest share in the aircraft seat actuation system market, propelled by rapid technological advancements in seating systems, major aircraft manufacturers, and a fleet of significant commercial airlines headquartered in the region.
Key Market Players
Leading players in this market include Astronics Corporation, ITT Inc., Crane Co., Collins Aerospace, and Bühler Motor GmbH, who have established their presence across various regions worldwide. However, the COVID-19 pandemic has also had some impact on their businesses, with estimates suggesting a potential 7-10% global reduction in production and services in 2020.
The future of air travel looks promising as the aircraft seat actuation system market continues to advance, enhancing the overall travel experience and shaping the aviation industry of tomorrow.
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