The global aircraft seat actuation systems market size is expected to reach USD 656.9 million by 2024, according to a new study by Grand View Research, Inc., registering a CAGR of 14.1% during the forecast period. The market is anticipated to witness significant growth owing to rising demand for lightweight seats in airplanes. In addition, increasing need for aircraft seats with optimized strength-to-weight ratio is expected to promote market growth.
Market players are using lighter materials to decrease overall weight of airplanes. The weight of an aircraft impacts its fuel efficiency, which is known to contribute to more than one-third of fleet operating costs. The industry is anticipated to gain substantially owing to rise in demand for developing lighter and More Electric Aircraft (MEA). Lighter aircraft facilitate in achieving high fuel efficiency and subsequently help in minimizing operational costs. In addition, rise in disposable income among general public across the globe is contributing significantly in propelling demand for premium air travel. The market foresees several growth opportunities in the Asia Pacific and Latin America regions owing to presence of several emerging economies such as India, China, South Korea, and Brazil. Full Research Report On Global Aircraft Seat Actuation Systems Market By Grand View Research: www.grandviewresearch.com/industry-analysis/aircraft-seat-actuation-systems-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/automotive-and-transportation Grand View Research has segmented the global aircraft seat actuation systems market report on the basis of passenger class, mechanism, actuator type, and region: Aircraft Seat Actuation Systems Passenger Class Outlook (Revenue, USD Million, 2014 - 2024)
www.grandviewresearch.com/press-release/global-aircraft-seat-actuation-systems-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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