The global demand for Aircraft Evacuation Systems Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Aircraft evacuation systems are equipment used by occupants to quickly and safely exit an aircraft in case of emergencies either on ground, mid-flight, or water. These systems can be installed on any type of aircraft, be it civil, commercial, or military. The various equipment includes inflatable evacuation slides, slide/rafts, vests, ejection seats, parachutes, and life rafts. Evacuation systems for the main deck, upper deck, or off-wing evacuation are available. They enhance passenger safety and are designed with lightweight fabric and smart technology. The slides used can automatically sense the ground and adjust its length to adapt to various aircraft angles.
Stringent government regulations on aircraft emergency and passenger safety due to increasing aircraft accidents will drive this market's growth. Increased demand for commercial aircrafts due to rapidly growing air passenger traffic and a rise in investments in the defense sector will boost this market's growth. Emerging technological innovations in the manufacturing of sensing devices and lightweight fabric for these life-saving evacuation systems will significantly boost the market growth. The development of new generation aircraft fitted with evacuation systems that enable faster and risk-free evacuation will be a market booster. The high costs and the need for authorization from FAA and local aviation regulatory bodies will be the main barriers to market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of aircraft evacuation systems.
The entire Aircraft Evacuation Systems market has been sub-categorized into equipment type, aircraft types, fitting. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Equipment Type
By Aircraft Types
- Life Vests
- Ejection Seats
- Emergency Floatation
- Evacuation Slide
- Evacuation Raft
- Commercial Aircrafts
- Defense Aircrafts
This section covers regional segmentation which accentuates on current and future demand for aircraft evacuation systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Aircraft Evacuation Systems Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aircraft evacuation systems market include Zodiac Aerospace (France), UTC Aerospace Systems (U.S), Dart Aerospace (Canada), Mustang Survival (Canada), Cobham PLC (U.K), NPP Zvezda Pao (Russia), Martin-Baker (U.K), GKN Aerospace Services Ltd. (U.K), Telleborg AB (Sweden), Survival Equipment Services Ltd. (U.K) and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.