Aerospace Evacuation Market 2025 By Top Key Players UTC Aerospace Systems, Zodiac Aerospace, GKN Aerospace, Trelleborg Group
Europe aircraft evacuation market holds substantial share with the expansion of airlines. In August 2018, Wizz Air announced expansion of its flight network with 11 new routes. Airliners are developing escape slides to provide enhance seating. In September 2018, Lufthansa Technik along with EAM Worldwide developed a high-performance exit slide. The slide allows airlines to reduce space required for storing slides and can add seating capacity by six seats.
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Fixed wing holds a major revenue share in the aerospace evacuation market place owing to proliferating fixed wing fleet size due to its diversified applications in commercial, regional, and military aircraft. For instance, according to the Boeing, the total fixed wing fleet size accounted for 24,400 units in 2017 and is expected to increase by over 48,500 in 2037. Reduced overall manufacturing cost, lower weight, and fully interlocked system are some of the major technological advancements, that are positively influencing the market expansion till 2025.
OEM accounted for a significant volume share owing to rising aircraft demand across the globe. Expanding tourism sector along with proliferation of low-cost carriers are positively influencing the aerospace evacuation market share over the forecast timeframe. Rising concerns regarding aircraft safety are enabling industry participants to continuously invest in R&D for developing advanced evacuation systems.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Zodiac Aerospace
• EAM Worldwide
• UTC Aerospace systems
• NPP Zvezda
• Martin Baker
• Survitec Group
• GKN Aerospace
• DART Aerospace
• Survival Equipment Services (SES)
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Increasing demand for regional connectivity and establishment of new airports in emerging economies are the major drivers propelling the aerospace evacuation market share over the forecast period. Increasing aircraft backlogs from major aircraft manufacturers including Boeing and Airbus are providing a positive outlook for the industry expansion. For instance, in 2018, Airbus announced an order backlog of 7,577 aircrafts.
Proliferating military expenditure and tourism growth across the globe are positively escalating the aerospace evacuation market expansion till 2025. Moreover, aircraft manufacturers across the region are entering into strategic agreements for developing newer fighter jets. For instance, in April 2018, Airbus and Dassault Aviation entered into a strategic agreement to jointly develop and manufacture next-generation European combat fighter jet, thereby providing a positive outlook for the industry expansion.
Escape slides accounted for a significant share owing to the advancements including incorporation of next-generation white led lights for providing maximum visibility during night usage. Moreover, incorporation of advanced fabric including advanced radiant heat resistant technologies for improving the system operation is expanding the segment share.
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Prominent participants in the aerospace evacuation market share include Martin-Baker Aircraft Co. Ltd, EAM Worldwide, Zodiac Aerospace, Survitec Group Limited, Dart Aerospace, Survival Equipment Services, NPP Zvezda, Switlik, and Trelleborg. Mergers & acquisitions and joint ventures are among the major strategies adopted by industry players to expand their market share.
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