Market Synopsis of Global Commercial Aircraft Seat Actuation Market
The Global Commercial Aircraft Seat Actuation Market is expected to grow at a CAGR of around 12.5% during 2016-2021. Factors driving the growth are increasing aircraft orders, rise in demand for lightweight seat designs, premium passenger travel, and growing investments in advanced cabin interior products.
As per the MRFR analysis, issues related to increase in competitive low cost carriers, technology up gradation, and industry regulations are some of the factors hampering the growth of the market.
Rising demand in emerging countries, acceptance of electric actuators, and usage of light weight material are the ongoing trends which will have positive impact on the market during the forecast period.
The leading market players in the Global Commercial Aircraft Seat Actuation Market include:
Access the market data and information presented through over 60 tables and figures spread 110 pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Commercial Aircraft Seat Actuation Market Information- Forecast from 2016 to 2021”
Regional and Country Analysis of Global Commercial Aircraft Seat Actuation Market
As per the MRFR analysis, the EMEA Commercial Aircraft Seat Actuation Market is poised to reach $XX billion in 2021, to grow at a CAGR of around XX% during the forecasted period. Whereas Americas and Asia Pacific will grow at a CAGR of around XX% and 14% respectively.
The European Aviation Safety Agency (EASA) and European Union (EU) have been participating in the development of actuators, which will drive the market during the forecast period. Also in 2013, American Airlines and US Airways came together to signed a deal worth $11 billion to merge and create the world’s biggest airline. These airlines have accounted for 70% of the US aviation market, post their respective mergers. These factors will drive the regional demand, thus have positive impact on the market.
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