Industry Background:
Aircraft Evacuation Systems are critical equipment in the aircraft which are activated or deployed in case of emergency and people need to be removed out of the aircraft immediately. The evacuation may happen on ground, in water or in mid-air. Special equipment designed to assist this evacuation are known as aircraft evacuation systems. Depending upon the requirements and the type of the aircraft, this evacuation systems differ. Common evacuation systems include, life vest, evacuation slide, evacuation raft, ejection seats among others. Evacuation slide accounts for largest market share in civilian passenger aircrafts. Whereas ejection seats dominate the military fighter jets market. The aircraft evacuation systems can be both linefit by the aircraft manufacturers during the manufacturing of the aircraft or can be even retrofitted. Global rise of aviation sector due to rising air travel and largely globalising world as well as increasing focus on the passenger safety has led to the growth of the aircraft evacuation systems market. North America currently is the leading market of the aircraft evacuation system.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Collins Aerospace (United States), Martin-Baker Aircraft Co. Ltd. (United Kingdom), UTC Aerospace Systems (United States), NPP Zvezda Pao (Russia), Trelleborg AG (Sweden), GKN Aerospace Service Limited (United Kingdom), Safran SA (France), EAM Worldwide (United States), Survitec Group Limited (United Kingdom), Switlik Parachute Co. (United States) and Genasys (United States) |
This growth is primarily driven by Rapidly Growing Aviation Industry due to Growing Number of Air Travellers, Increasing Focus on the Passenger Safety in the Aircrafts and Advancement in the Evacuation Technologies especially in Military Fighter Jets.
Globally, a noticeable market trend is evident Evacuation Slide Accounts for Larger Market Share
Major Manufacturers, such as Collins Aerospace (United States), Martin-Baker Aircraft Co. Ltd. (United Kingdom), UTC Aerospace Systems (United States), NPP Zvezda Pao (Russia), Trelleborg AG (Sweden), GKN Aerospace Service Limited (United Kingdom), Safran SA (France), EAM Worldwide (United States), Survitec Group Limited (United Kingdom), Switlik Parachute Co. (United States) and Genasys (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global rise in tourism and the growing disposable income has led to higher air travellers around the world. This has had a positive impact on the rise of the aviation industry and thus evidently also on the aircraft evacuation systems manufacturers. The growing focus on the pilot and the passenger safety has led to civilian companies and militaries around the world to invest in advanced and secure evacuation systems. Currently the North American market is the leading market due to massive civilian aviation market as well as huge military fleet.
Key Developments in the Market:
In June 2021 Genasys Inc had announced the acquisition of Zonehaven. The acquisition of Zonehaven strengthens Genasys' key competitive advantages in providing local, regional, and national emergency management and warning SaaS solutions, as well as accelerating recurring revenue growth.
In 2019, Martin-Baker Aircraft Co. Ltd., the United Kingdom based leader in the military ejection seat development and manufacturing has announced receiving the 2019 Spirit of Flight Award at the 57th Annual National Aviation Hall of Fame Enshrinement Dinner and Ceremony. The award marks the excellent record of the martin baker ejection seats in saving hundreds of lives of military pilots around the world.
Influencing Trend:
Evacuation Slide Accounts for Larger Market Share and Linefit Segment has Higher Market Share Compared to the Retrofit Segment
Market Growth Drivers:
Rapidly Growing Aviation Industry due to Growing Number of Air Travellers, Increasing Focus on the Passenger Safety in the Aircrafts and Advancement in the Evacuation Technologies especially in Military Fighter Jets
Challenges:
Long Term Partnerships and Contracts between Aircraft Manufacturers and Evacuation System Manufacturers Restricts Entry of New Players in the Market
Restraints:
Advanced Systems Especially in Military Fighter Jets is Expensive
Opportunities:
Evacuation Raft is rapidly replacing the Traditional Evacuation Slide
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aircraft Evacuation Systems Market
- Analysis about New Entrants in Aircraft Evacuation Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aircraft Evacuation Systems Study Sheds Light on
The Aircraft Evacuation Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Evacuation Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Evacuation Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.