What is Aircraft Life Jackets Market?
Life vests are worn when the aircraft has made an emergency water landing. They provide plenty of buoyancy for an adult and keep a person’s head out of the water. Many include a water activated signal light and whistles for help with search and rescue. The aviation industry is the key target for this market. Increasingly, people worldwide are going for adventure activities like sky diving which is further driving the market for lie jacket.
Highlights from Aircraft Life Jackets Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SkyArt (Turkey), Switlik Parachute Co. (United States), Life Support International, Inc. (United States), Astronics Corporation (United States), VIKING Life-saving Equipment (Denmark), Survitec Group Limited (United Kingdom), Survival Equipment Services Ltd (United Kingdom), Marine Warehouse Ltd (United Kingdom), Life Support International, Inc. (United States) and Inflatables International Inc. (United States) |
Aircraft Life Jackets market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aircraft Life Jackets market throughout the forecasted period.
SkyArt (Turkey), Switlik Parachute Co. (United States), Life Support International, Inc. (United States), Astronics Corporation (United States), VIKING Life-saving Equipment (Denmark), Survitec Group Limited (United Kingdom), Survival Equipment Services Ltd (United Kingdom), Marine Warehouse Ltd (United Kingdom), Life Support International, Inc. (United States) and Inflatables International Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Biardo survival suits bv (Netherlands) and EAM Worldwide (United States). Aircraft Life Jackets Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Aircraft Cabin Simulators, Commercial Airlines, Defense Aircrafts and Aviation Safety Training Centres |
Type | Inflatable and Non-inflatable |
Preserver Category | Adult/Child,Infant |
Internal Substance | Inherently Buoyant,Inflatable,Hybrid |
Material | Nylon,Vinyl |
On the basis of geography, the market of Aircraft Life Jackets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus On Lightweight Life Vests
Market Growth Drivers:
Growth in Aviation Industry and Rising Sky Diving activities Worldwide
Challenges:
Need For Frequent Maintenance
Restraints:
Decline In Aircraft Accidents Worldwide
Key Target Audience
Life Jacket Manufacturer, Traders/Distributors/Suppliers, Raw Material Supplier, End-User and Others
Market Leaders & Development Strategies
In May 2021, Survitec Acquires Hansen Protection, strengthening its position as the global leader in survival technology. Survitec’s complete portfolio and its wide-reaching footprint create a single partner for customers across the globe.
In March 2023, Survitech launched five Lifejackets Designed to Meet the demands of all naval missions. The lifejackets incorporate advancements in bladder technology by Survitec's leading lifejacket brand Crewsaver and are designed to enhance operational effectiveness, performance, and safety when the need arises to delay, disrupt or intercept other forces.