What’s driving the Aircraft Evacuation Market trends? | Key Players are EAM Worldwide, Zodiac Aerospace, Survitec Group Ltd, Dart Aerospace, Survival Equipment Services, NPP Zvezda, Trelleborg
Fixed wing holds a major revenue share in the aircraft 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.
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The key players covered in this aircraft evacuation market:
• Zodiac Aerospace
• EAM Worldwide
• UTC Aerospace
• NPP Zvezda
• Martin Baker
• Survitec Group
• GKN Aerospace
• ART Aerospace
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 aircraft 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.
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Asia Pacific will witness a significant growth rate in the aircraft evacuation market place over the forecast timeframe. This is attributed to the increasing air travel coupled with investments in aviation industry across the region. International Air Transport Association (IATA) estimates that the region will have around 3.5 billion passengers by 2036.
3. Aircraft Evacuation Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Technology landscape
3.5. Product lifecycle analysis
3.6. Pricing trends
3.6.1. North America
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.6. Cost structure analysis
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Prominent participants in the aircraft 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.
Increasing demand for regional connectivity and establishment of new airports in emerging economies are the major drivers propelling the aircraft 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.
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