Press release
Aircraft Evacuation Systems Market | Industry Analysis by Size, Share, Trends and Future Scope based on Key Players like DART Aerospace, EAM Worldwide, Martin-Baker Aircraft, NPP Zvezda, AO, Safran, Survival Equipment Services
Global Aircraft Evacuation Systems Market: Information by Equipment Type (Evacuation Slides, Life Rafts, Emergency Floatation System, Personal Floatation Devices & Ejection Seat) by Aircraft Type, by Application, by Fit & by Region — Forecast till 2023Key Players:
The key players in the global aircraft evacuation systems market are 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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Aircraft Evacuation Systems Market Size To Expand at a Notable CAGR Of 5% During 2018 - 2023
Market Scenario:
Aircraft evacuation system comprises special evacuation equipment which aids in emergency evacuation from an aircraft that could take place either on the ground, in water, or mid-flight. The equipment includes evacuation slides (including slide rafts), life rafts, emergency floatation system (especially for rotary wing aircraft), personal floatation devices (such as life vest, inflatable armbands and other components for passenger safety), and ejection seats (for combat aircraft). Parachutes are sometimes considered to be a part of this system.
Factors such as focus on enhancing passenger safety and stringent air safety regulations are the key factors driving market growth. The aircraft evacuation system market comprises players from different aspects of the value chain including manufacturers such as UTC Aerospace and Safran, and component providers such as Cobham and Trelleborg. It also encompasses other players that provide maintenance support for this equipment.
Rise in global passenger traffic and subsequent demand for new commercial aircraft, and rise in defense expenditure, especially, in developing countries and subsequent demand for new fighter jets are factors that positively influence aircraft evacuation systems market growth. In addition, periodic inspections, safety drills, and mandates by several organizations such as National Transportation Safety Board and Federal Aviation Administration, regarding aviation safety, further boosts market growth.
However, factors such as injuries associated with ejection and evacuation, and existing backlogs of aircraft deliveries hinders market growth. Meanwhile, emerging aircraft OEMs in Asia-Pacific and Latin America, and development of advanced technology such as lightweight fabric and sensing devices for these life-saving systems creates promising growth opportunities for the aircraft evacuation systems market.
Intended Audience:
• Aircraft Evacuation System Manufactures
• Aircraft OEMs
• Aircraft Ejection Seat OEMs
• Sub-Component Providers
• MROs
• Defense Contractors
• Research Institutes
• Regulatory Bodies
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Table Of Contents:
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
3.7. Limitations
4. Market Landscape
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