Aircraft Seat Actuation Systems Market Size To Cross USD 656.9 Million By 2024: Grand View Research, Inc.
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 ac...