DALLAS, July 1, 2015 /PRNewswire/ --
The report "Aircraft Seat Actuation Systems Market by Seat Type (First Class, Business Class, Premium Economy Class, Economy Class), Actuator Type (Electro-mechanical, Others), Mechanism Type (Linear, Rotary) & Geography - Forecast & Analysis to 2015-2020", published by marketsandmarkets, The market size for Seat Actuation Systems Market is projected to reach $348.92 Million by the end of 2020, at CAGR of 13.02% between 2015 and 2020.
Browse 74 market Tables and 77 Figures spread through 166 Pages and an in-depth TOC on "Aircraft Seat Actuation Systems Market"
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This report studies the Seat Actuation Systems Market for the forecast period of 2015 to 2020., analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and Rest of the World.
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The Seat Actuation Systems Market is classified into three major segments, namely, seat type, actuator type and mechanism type. The seat type segment is further categorized into first class, business class, premium economy class, and economy class. On the basis of actuator type, it is segmented into electro-mechanical and others. The mechanism type segment is further classified into linear and rotary.
Various factors, such as demand for lightweight aircraft seats and increase in demand for premium air travel, are driving the seat actuation systems market. On the other hand, rise in low cost carriers and high cost of ownership are restricting the growth of this market. Increase in global air traffic and technological upgrades will provide new growth opportunities for market players.
As of 2015, Europe is estimated to hold the largest share of the seat actuation systems market, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR of 17.49% between 2015 and 2020 owing to a rise in air travel in India and China in recent years.
Key players in this market include Crane Aerospace & Electronics, Inc. (U.S.), Zodiac Aerospace S.A. (France), ITT Corporation (U.S.), Buhler Motor GmbH (Germany), and PGA Electronics S.A. (France).
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