North America aircraft seats market will showcase significant growth over the forecast timeframe owing to high concentration of aircraft manufacturers across the region. Aircraft manufacturers are continuously investing in their manufacturing facilities for expanding aircraft production to meet order backlogs. For instance, in January 2019, Boeing announced the delivery of 806 aircrafts compared to 763 aircrafts in 2017.
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With air passenger traffic surging at an exceptional pace by the day, aircraft seats market is most likely to register impressive growth trends in the forthcoming years. As comfort and luxury take precedence for the masses, airliners are working to improve air travel experience with comfortable and economic aircraft seats. Airline companies are now considering the ergonomics of cabin furnishings for customer comfort, while investing in technology upgrades, aircraft components and MRO, which would undeniably help augment the commercialization graph of aircraft seats market.
Technological advancements in aircraft seats including the integration of sensors in seats for enabling passengers to adjust their seat position with applications and software are providing a positive outlook for the aircraft seats market expansion. The slim profile of seats enables aircraft manufacturers to reduce the overall weight along with improving legroom space. For instance, in February 2019, Hubert designed a new seat for Airbus that analyzes data and adjusts the seat to fit the ergonomics of passengers automatically.
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Retro fit accounted for a considerable share in the aircraft seats market. Increasing upgradation and modification of aircraft cabins for enhancing air passenger experience are supporting the market expansion. For instance, in January 2019, Mirus Aircraft Seating announced an agreement with TUI Group to provide seats for its airlines operating in UK, Belgium, and Netherlands. The redesigning of first-class seats with additional features such as cup holders and entertainment systems are expanding the market size over the projected timeframe.
Narrow body aircraft seats market share is expected to witness highest growth rate over the forecast timeframe. This growth can be attributed to the increasing demand for low cost air carriers across the globe. Additionally, the higher fuel economy and operational efficiency along with improvements in fuel tanks and higher wing load capacities further accelerates the segment demand over the study timeframe.
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The major aircraft seats market participants in the market include Mirus Aircraft Seating, Geven, Recaro Aircraft Seating, HAECO, Lufthansa Technik, and Stelia Aerospace. The other key players include, Safran, Collins Aerospace, JAMCO, Zim Flugsitz, Expliseat, Embraer Aero Seating Technologies, and Iacobucci HF Aerospace. Partnership with aircraft manufactures and airliners is the key strategy adopted by industry participants to enhance their market share.
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