In this report, Technavio covers the present scenario and growth prospects of the global commercial aircraft seat actuation systems market for 2016-2020. This report covers market size and key drivers predicted to impact the global commercial aircraft seat actuation systems market over the forecast period.
“Seat actuation systems form an integral part of aircraft cabins. These modern systems are designed to offer skull and lower back support to passengers traveling in long haul flights. Lightweight seat designs with lower noise and maintenance have seen a marked increase in demand over the past few years. The global commercial aircraft seat actuation systems market is also fueled by premium activities for passengers and convenient seating,” said Abhay Singh, one of Technavio’s lead industry analysts for aerospace components.
“In 2014, there were close to 14,140 single-aisle and 4,880 wide-body aircrafts globally, which are expected to be replaced by 17,830 narrow-body aircraft and 6,100 wide-bodies, by 2034. In addition, 2,000 orders for Airbus A330/A340/A350, 389 orders for Boeing 737, and 48 orders for Boeing 767 freighter aircraft were placed in 2015. Thus, increasing orders, backlogs, and deliveries of aircrafts are predicted to simultaneously drive the market during the forecast period,” added Abhay.
Key leading regions (% revenue share)
|EMEA – 35.15%|
|Americas – 33.04%|
|APAC – 31.81%|
EMEA: largest commercial aircraft seat actuation systems market
Technavio researchers expect the commercial aircraft seat actuation systems market in EMEA to grow from USD 65.94 million in 2015 to USD 122.6 million by 2020. Europe had more than 1.7 billion air passengers in 2014, which accounted for a growth of 3.2% from 2013. Countries in the Middle East accounted for a total air traffic of over 275 million passengers, an increase of 7% compared to 2013. In 2014, Dubai International Airport was one of the fastest growing airports in terms of passenger numbers with a 15% increase compared to that of 2013.
With growing air traffic and increase in the number of commercial aircrafts, the need for continuous maintenance and purchase of aircraft and aircraft components is on the rise. The European Aviation Safety Agency (EASA) and European Union (EU) have been investing towards the development of new actuators, and it is expected to further drive the market during the forecast period.
Americas: second largest commercial aircraft seat actuation systems market
In 2013, American Airlines and US Airways signed a deal worth USD 11 billion to merge their operations and create the world's biggest airline. Post their respective mergers, these airlines have accounted for close to 70% of the US aviation market. These airlines are investing in advanced actuation systems to enhance their flight safety and operations, a trend that is anticipated to propel the market during the forecast period.
Brazil has the fourth-largest domestic aviation industry worldwide, and it is expected that by 2019, its total domestic passenger load will reach close to 125 million. It is anticipated that by 2019, more than 3,000 aircrafts will be delivered to this region to help it emerge as the world’s third-largest market. Overall, as compared to the previous year, 2014 witnessed an increase in the number of travelers from North American airports with close to 1.5 billion passengers during that period. This trend will continue to buoy the aircraft seat actuation systems market until 2020.
Commercial aircraft seat actuation systems market in APAC
Asia had close to 5,850 commercial aircrafts in 2014 that are expected to be replaced by over 14,000 aircraft over the next 20 years. Growing air travel in APAC resulted in an 8.7% increase in passenger traffic with over 2 billion passengers in 2014. In the same year, passenger traffic from Kuala Lumpur airport in Malaysia grew by nearly 19.1%. This trend indicates towards a substantial rise in passenger traffic in other major airports of the region during the forecast period.
Rising air travel in recent years can be attributed to the high growth rate in the developing countries, such as India and China. Hence, growing demand for air travel and an increasing number of commercial aircrafts will likely to result in heightened procurement of actuation systems until 2020.
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