Equipment Type (Evacuation Slides, Life Rafts, Emergency Flotation System, Personal Flotation Devices & Ejection Seat) by Aircraft Type, by Application, by Fit & by Region — Forecast till 2023
The Aircraft Evacuation Systems Market is estimated to register a CAGR of more than 5% during the forecast period of 2018 to 2023.
Global Aircraft Evacuation Systems Market Growth, Trends and Forecast (2019 – 2023) Provides a Comprehensive Assessment of the Fast Evolving, High Demand for Aircraft
Key Players of Aircraft Evacuation Systems Market:
We recognize the key players in the global aircraft evacuation systems market as DART Aerospace (Canada), EAM Worldwide (US), Martin-Baker Aircraft Co. Ltd. (UK), NPP Zvezda, AO (Russia), Safran S.A. (France), Survival Equipment Services Ltd. (UK), Switlik Inc. (US), The MEL Group (UK), Tulmar Safety Systems Inc. (Canada), and UTC Aerospace Systems (US).
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Regional Analysis of Aircraft Evacuation Systems Market:
North America, Europe, Asia-Pacific, and Rest of the World are the various regions considered in this report. The global aircraft evacuation systems market is projected to register an over 5% CAGR from 2018 to 2023.
The North American market for aircraft evacuation systems is expected to grow substantially during the forecast period. In 2017, the North American market accounted for the largest share. It houses two main countries, namely the US and Canada. The sheer existence of major players such as UTC Aerospace Systems, EAM, among others, result in the dominance of this region in the global market. Furthermore, players in this region are focusing on developing advanced technologies and lightweight evacuation systems. These initiatives impart market growth.
In Europe, market growth is driven by the UK, Germany, France, and Russia. This region has some of the prominent combat aircraft manufacturers, namely, Sukhoi, Saab, Dassault, Leonardo, and BAE systems and top defense spenders such as Russia, France UK, Germany, and Italy. These countries collectively spent nearely USD 250 billion in 2017. Furthermore, countries such as Russia and France are keen on developing advanced fighter jets which creates promising growth opportunities for the market players.
Asia-Pacific is projected to be fastest-growing regional aircraft evacuation systems market during the review period. China, Japan, and India are expected to contribute significantly to the growth of the regional market. China accounted for the largest market share in 2017. With an increasing focus towards developing and procuring modern commercial and advanced combat aircraft, there would be a greater need for integrating aircraft evacuation systems, which is expected to drive market growth in the region. Moreover, over the last few years, there has been significant investments in R&D by defense organizations in China and India to indigenously develop combat aircraft, which creates further growth opportunities.
Rest of the World covers the Middle East & Africa and Latin America. The market in the Middle East & Africa is projected to register significant growth during the forecast period. Factors such as ongoing territorial conflicts and focus on disrupting terrorist activities are prompting countries such as Saudi Arabia to boost the defense expenditure which subsequently generates demand new combat aircraft. This, in turn, influences the aircraft evacuation systems market growth in this region. Meanwhile in Latin America, increase in passenger traffic in countries such as Brazil and Mexico will necessitate new aircraft procurement and eventually drive the growth of the aircraft evacuation systems market in this region.
Segmetation of Aircraft Evacuation Systems Market:
The Global Aircraft Evacuation Systems Market has been segmented based on equipment type, aircraft type, application, fit, and region.
Based on equipment type, the aircraft evacuation systems market is divided into evacuation slides, life rafts, emergency floatation system, personal floatation devices and ejection seat. The evacuation slides segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period. The evacuation slides are prerequisite for all commercial aircraft and plays a vital during emergency evacuation in both ground and water. Some slides can even be transformed into rafts.
Based on aircraft type, the aircraft evacuation systems market is divided into fixed wing and rotary wing. The fixed segment is estimated to account for the largest market share while the rotary wing segment is projected to witness a higher CAGR during the forecast period. The rotary wing aircraft are highly maneuverable and are used navigate in tough terrains. This necessitates an effective evacuation system during rough landings and survivable crashes.
Based on application, the aircraft evacuation systems market is divided into commercial and military. The commercial segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. According to Boeing’s Current Market Outlook 2018, the global fleet size of commercial aircraft is anticipated to reach 42,730 aircraft by 2037. Increasing demand for commercial aircraft globally is positively influencing the aircraft evacuation market.
Based on fit, the aircraft evacuation systems market is divided into line-fit and retrofit. The line-fit segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. This is due to the rapid procurement of both commercial and combat aircraft throughout the world to meet the growing passenger traffic and enhancing defense capabilities respectively.
Table of Content:
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. 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
3.6. List of Assumptions
Continued. . .
Aircraft Evacuation Systems Market Research Report – Global Forecast 2023 Information at:
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