Soaring Investments in the Actuation Systems Industry
- The global aircraft seat actuation market is expected to reach USD 362.2 million by 2026, registering a CAGR of 2.68% during the forecast period (2021-2026).
- Based on segmentation by aircraft type, the rotary aircraft are projected to register a CAGR of 2.54%, during the forecast period.
- By geography, the North America is expected to reach a value of USD 139.5 million by 2026.
Read our related report on: Commercial Aircraft Seating Market
Resurgence in Aircraft Deliveries
- In September 2021, the air passenger traffic grew gradually compared to the previous year, in Europe, the United States, and Brazil, among other countries.
- In July 2021, Porter Airlines placed an order for 30 Embraer E195-E2 jets, with purchase rights for additional 50 aircraft. The airline plans to deploy the E2 aircraft for expanding its business and leisure destinations throughout Canada, the United States, Mexico, and the Caribbean.
- In June 2021, United Airlines announced to accelerate the deferred aircraft order for 45 Boeing 737 MAX deliveries to 2022 and 2023 (from 2023 and beyond). The airline also placed an order for additional 200 Boeing 737 MAX aircraft (150 Boeing 737-10 aircraft and 50 Boeing 737-8 aircraft) and 70 Airbus A321neo aircraft).
Aerial view on Fixed Wing Aircraft
- The fixed-wing aircraft segment in the aircraft seat actuation systems market is anticipated to reach USD 299.66 million by 2026, registering a CAGR of 2.6% during the forecast period.
- The demand for fixed-wing aircraft projected signs of recovery in 2021, the aircraft seat actuation systems market may also show signs of growth in this segment during the forecast period.
- Between January and August 2021, 322 business jets have been delivered around the globe. Out of the 322 deliveries, Bombardier delivered 64, Textron delivered 76, and Gulfstream delivered 55 jets. The remaining jets were delivered by Cirrus, Airbus, Boeing, Dassault, Embraer, Honda, and Pilatus
Key Investments and Initiatives across the Globe
- The UK Royal Air Force (RAF) aims to replace its entire fleet of Puma HC2 helicopters by 2025 as part of the ongoing fleet modernization initiative undertaken by the UK MoD (Ministry of Defence), which also includes the R&D of the Tempest combat aircraft.
- In May 2021, the UK MoD awarded a GBP 14 billion contract to Boeing for 14 Chinook heavy-lift helicopters. The deliveries are scheduled to start in 2026.
- Italy has launched the Light Utility Helicopter (LUH) program that aims to progressively replace the aging models, including the A109, AB206, AB205, AB212, and AB412 to meet the evolving operational requirements, and benefit from a more efficient supply chain based on a ‘one single platform’ approach
- In June 2021, American Airlines finished “Project Oasis” retrofit of its B737-800 fleet and plans to complete a similar retrofit of its A321 fleet by the end of 2021.
- In March 2021, the US Army awarded USD 577 million in contract modifications to Bell, Sikorsky-Boeing Team to perform work on the second phase of the competitive demonstration and risk reduction effort for the Future Long Range Assault Aircraft (FLRAA) program.
