Aircraft Fire Protection Systems Market is likely to witness a healthy CAGR of 5.4% during the forecast period.

Launching announcement of a new research report on Aircraft Fire Protection Systems Market which is projected to grow at 5.4% CAGR by 2023- forecasted by Stratview Research. The study provides an in-depth analysis by Product Type (Fire Detection Systems, Alarm & Warning Systems, and Fire Suppression Systems), by Application Type (Engines, Cabins, Cockpits, Auxiliary Power Units, and Cargo Compartments), by Fit Type (Line fit and Retrofit), by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

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The Aircraft Fire Protection Systems Market: Highlights

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 global 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.

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.

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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

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
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