Market Trends of Aircraft Seat Actuation Systems Industry
This section covers the major market trends shaping the Aircraft Seat Actuation Systems Market according to our research experts:
The Fixed-wing Aircraft Segment Accounted for Major Revenue Share in 2021
The fixed-wing aircraft segment currently dominates the market. It is anticipated to continue its dominance over the market due to its higher deliveries and seat requirements than the rotary-wing aircraft. New aircraft deliveries improved in 2021 compared to 2020 due to gradual growth in passenger traffic and airline operations. In 2021, Airbus delivered 611 commercial aircraft (566 deliveries in 2020), Boeing delivered 340 commercial aircraft (157 deliveries in 2020), and ATR delivered 31 aircraft (10 deliveries in 2020). The gradual recovery in demand for commercial aviation and business and private aviation is further propelling the procurement of new aircraft.
Similarly, as the supply chain issues subsided, the fixed-wing aircraft deliveries in the military sector have witnessed growth. For instance, Lockheed Martin delivered 142 F-35 fighter aircraft (compared to 123 deliveries in 2020), and Dassault Aviation exported 25 Rafale fighter jets (compared to 13 deliveries in 2020). The growth in aircraft deliveries is anticipated to propel the market's growth during the forecast period. Also, in collaboration with aircraft operators, the aircraft seat manufacturers are working on enhancing their designs to attract new customers. Such innovation in cabin interiors and seating modules is expected to propel the segment's growth in the coming years.
The Middle-East and Africa Region Expected to Witness Highest Growth During the Forecast Period
The demand for the aircraft seat actuation systems market is anticipated to be highest in the Middle-East and African region due to demand for wide-body aircraft from major airlines and large-size aircraft demand from private and charter companies. For instance, Etihad and Emirates had an order book of more than 270 aircraft (as of January 2022), including Boeing 777X, Airbus A350 family, A380, and Boeing 787 family of aircraft. Similarly, with the growing demand for air travel in the Middle-East region, the airlines and aircraft operators in the region are investing in expanding their aircraft fleet to introduce new aircraft routes in the region.
Similarly, the growth in terrorism in this region has resulted in these countries spending a significant amount on military aircraft procurement. The Qatar Emiri Air Force (QEAF) received its first batch of the new generation F-15 combat aircraft in August 2021, produced by the United States and Boeing, in partnership with the Gulf state. The aircraft was delivered under an order signed by the country in 2017 to procure 36 F-15QA fighter aircraft with an option for an additional 36 aircraft. Similar aircraft orders from Air Forces of Egypt, Jordan, Morocco, Algeria, and Israel are anticipated to accelerate the growth of the seat actuation systems market during the forecast period.
