Aircraft Fire Protection Systems Market to Grow at CAGR of 5.4% during 2018 -2023

Stratview Research announces the launch of a new research report on Aircraft Fire Protection Systems Market. This report, from Stratview Research, studies the aircraft fire protection systems market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Aircraft Fire Protection Systems Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Product Type (Fire Detection Systems, Alarm & Warning Systems, and Others) – All the three systems are likely to grow healthy rate.
● by Application Type (Engines, Cabins, and Others) – Engine segment is remains the largest and fastest-growing segment of the market.
● by Fit Type (Line–fit and Retrofit)-
● by Aircraft Type (Commercial Aircraft, General Aviation Aircraft, and Others) – commercial aircraft remains the largest segment of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aircraft Fire Protection Systems Market Insights

The market for fire protection systems for the aircraft industry is likely to be prosperous in the coming years with significant growth opportunities in the entire market value chain. It is estimated that the aircraft fire protection systems market is likely to witness a healthy CAGR of 5.4% during the forecast period. Increasing deliveries of commercial aircraft to support rising passenger traffic, stringent regulations regarding the usage of halogen-free extinguishers, the advancement in the fire protection systems, the introduction of high thrust engines, and rising aircraft fleet size the major factors burgeoning the growth of fire protection systems in the aircraft industry in the coming five years.

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Aircraft fire protection systems are situated near the engine and fuselage to spot any incidence of fire and ensure remedial action to safeguard the security of passengers and crew members, cargo, and the aircraft. In any event of a fire, the aircraft fire protection system alerts the onboard crew in the aircraft and ensures curative actions, such as fire extinguishing. Water, carbon dioxide, and dry powder are the widely used fire extinguishing applicants in the market, which form an integral part in any aircraft design.
These applicants substitute air with an inert gas to prevent combustion causing the inferno.

Increasing commercial and regional aircraft deliveries to support rising air passenger traffic; increasing share of wide-body aircraft in commercial aircraft deliveries, increasing aircraft fleet size, and an advancement in the fire prevention technologies are the key factors that are proliferating the demand for fire protection systems in the aircraft industry.

Based on the product type, the aircraft fire protection systems market is classified as fire detection systems, alarm & warning systems, and fire suppression systems. All the three systems play a crucial role in the detection of fire to alarm the passengers and crew about the fire, and to take proper actions to extinguish the fire. All the three systems are likely to grow healthy rate in the coming years. However, the fire suppression system is estimated to register a higher CAGR during the forecast period, driven by a host of factors including an increased production of new deliveries as well as stringent regulations regarding the usage of the halogen-free system in both new as well as existing aircraft fleets.

Based on the application type, the aircraft fire protection systems market is bifurcated into engines, cabins, cockpits, Auxiliary Power Units (APUs), and cargo compartments. The engine segment is projected to remain largest and fastest-growing in the coming five years, driven by the introduction of high-thrust engines coupled with an increased amount of fire protection systems. The cargo compartment segment is also likely to generate sizeable growth opportunities in the coming years as there is a higher need for excellent fire protection systems due to inaccessibility of aircraft crew in the cargo compartment during flight.

Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. The commercial aircraft is projected to remain the largest segment of the market during the forecast period. The segment is also likely to be the fastest-growing segment during the same period. Boeing, in its commercial aircraft outlook 2018-2037, recently stated that approximately commercial aircraft are likely to be delivered during 2018-2037 out of which approximately 64.7% of the aircraft would be delivered in Asia-Pacific and Europe. Additionally, the global commercial aircraft fleet is likely to grow at a healthy CAGR of 3.5% during the period of 2018 to 2037. These factors are likely to generate sustainable demand for fire protection systems in the segment in the foreseen future.

Based on regions, North America is expected to remain the largest market for aircraft fire protection systems during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft fire protection systems manufacturers, distributors, and raw material suppliers. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements than these technologies gradually transmitted to other parts of the world like China and India.

Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the countries. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft fire protection systems in these countries in the coming years.

The supply chain of this market comprises raw material suppliers, aircraft fire protection systems manufacturers, distributors, tier players, aircraft OEMs, airline companies, aircraft leasing companies, and MRO providers. The key aircraft fire protection systems manufacturers are Advanced Aircraft Extinguishers (AAE), Amerex Corporation, Diehl Stiftung & Co. Kg, Gielle Groups, Halma plc, H3R Aviation Inc., Meggitt plc, Siemens AG, and UTC Aerospace.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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