Global Aircraft Ejection Seat Market presumed to be worth US $ 505.4 MN due to upgrades of dated military aircrafts
In the defense sector, aircraft ejection seat is necessary because fighter jets can suffer malfunction or get shot down. Therefore, the market for aircraft ejection seat is growing. Market Research Future (MRFR) has published a research report about the global aircraft ejection seat market that presumes proliferation for this market at 5.25% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 505.4 mn by the end of the forecast period.
The topmost market driving factor for the global aircraft ejection seat market growth is improving dated military aircraft as a part of the government initiatives to renovate and improve the existing fleet. Many countries are arming their armed forces due to growing terrorism and border conflicts. The growth of the defense budget in many countries is resulting in market growth. A significant part of the defense budget is also being used for the maintenance or replacement of ejection seat components & assemblies, as well as service & overhaul of ejection seats, that is leading to the market growth.
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Key Players
The key players in the global aircraft ejection seat market include Airborne Systems Inc. (UK), AO (Russia), Clarks Precision Machine & Tool (USA), EDM Limited (UK), Martin-Baker Aircraft Co. Ltd. (UK), NPP Zvezda (Russia), RLC Group (UK) RUAG Holding AG (Switzerland), SEMMB (France), Survival Equipment Services Ltd. (UK), and UTC Aerospace Systems (USA).
Latest Industry News
- United States Air Force (USAF)’s B-1B Lancer strategic bomber fleet is set to return to flying operations. All combat aircrafts of this fleet were grounded for four weeks due to problems with ejection seats. 25 APR 2019
- US Air Force is preparing F-16 ejection seats for reuse at Letterkenny Munitions Center. 18 APR 2019
Major Segments and Regional Analysis
The global Aircraft Ejection Seat Market segmentation segments the market into aircraft type, fit, seat type, and lastly, region. By aircraft type, this market has been segmented into combat aircraft and trainer aircraft. Based on fit, this market is being segmented into line fit and retrofit. Regarding seat type, the market has been segmented into the single seat and twin seat.
The regional segmentation of the global aircraft ejection seat market has segmented the market into the regional markets known as North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa (MEA). During the forecast period, the European market is expected to be worth US 138.6 mn, growing at 4.96% CAGR because many prominent combat aircraft manufacturers are based in Europe. The market is growing due to conflicts in countries like Russia and Ukraine. The market in Europe is also growing due to the presence of strong military powers like France, Italy, and the UK, followed by the remaining countries of Europe.
During the forecast period, the market in North America can grow and due to the high defense budget of the USA and significantly big defense budget of Canada. Many important combat aircraft manufacturers are based in North America too, especially in the USA. The Latin America has limited market as technologically it is not as advanced as North America is.
In the countries of the Asia Pacific region, the market is growing to conflicts between countries like North Korea and South Korea. India is also having conflicts with countries like China and Pakistan. In terms of technological advancement, another major country-specific market is Japan, followed by the remaining countries of the Asia Pacific region.
In the MEA region, Israel is an important country-specific market due to its conflict with all Arab countries. Other important country-specific markets in this segment are Egypt and Saudi Arabia, followed by the other countries of this world.
Research Methodology
MRFR invokes a range of laboriously chosen methods to develop a robust research model. Devoted to accuracy, the focus remains on use of primary methods such as first-hand interviews with industry decision makers to get an inside look at the industry. The findings from primary methods are authenticated and braced by secondary research methods such as annual reports, SEC filings, and others. Ensuring transparency, experts provide decisive market reports by integrating both top-down and bottom-up approaches into the research model. This allows data analysts to provide clients with computation and endorsement of many vital market figures that are then used to provide persistent analysis.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued…..
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List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Aircraft Ejection Seat Market, by Fit, 2017-2023 (Usd Million)
Table 4 Line-fit: Aircraft Ejection Seat Market, by Region, 2017-2023 (Usd Million)
Table 5 Retrofit: Aircraft Ejection Seat Market, by Region, 2017-2023 (Usd Million)
Table 6 Global Aircraft Ejection Seat Market, by Aircraft Type, 2017-2023 (Usd Million)
Table 7 Combat Aircraft: Aircraft Ejection Seat Market, by Region, 2017-2023 (Usd Million)
Continued…….
List of Figures
Figure 1 Global Aircraft Ejection Seat Market: Market Structure
Figure 2 Key Takeaways From Aircraft Ejection Seat Market
Figure 3 Key Buying Criteria of Aircraft Ejection Seat Market
Figure 4 Research Process of Mrfr
Figure 5 Top-down & Bottom-up Approach
Figure 6 Droct Analysis of Global Aircraft Ejection Seat Market
Figure 7 Change in Military Spending Among Top 10 Countries (2007 – 2017)
Continued…..
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