Aircraft Evacuation Market 2020 Regional Trends, Forecast & Companies - "Zodiac Aerospace, EAM Worldwide, UTC Aerospace, NPP Zvezda, Martin Baker, Survitec Group, Switlik, Trelleborg, GKN Aerospace, DART Aerospace, Survival Equipment Services (SES)" 2025

The global aircraft evacuation market is experiencing a transformational shift in dynamics in the recent times owing to the stringent regulations from government for passenger safety. As per the European Transport Safety Council, close to 90% of the commercial airplane accidents are technically survivable. A rise in adoption and implementation of advanced systems for reducing fatalities in emergency landing or accidents will also enhance the industry growth. Escalating military expenditure around the world will also serve to boost the aircraft evacuation market. Validating the increasing military expenditure, the U.S. government had allocated about USD 700 billion for defense sector in 2018.

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The Major Key Players in the Market are as follows:
Zodiac Aerospace, EAM Worldwide, UTC Aerospace, NPP Zvezda, Martin Baker, Survitec Group, Switlik, Trelleborg, GKN Aerospace, DART Aerospace, Survival Equipment Services (SES)

As per the statistics from the World Bank Group, the total number of air passengers reached 3.98 billion in 2017, with a growth of about 7.5% as compared to 2016. The penetration of new entrants in the aviation industry and the and robust efforts by established firms to deliver high-grade aircraft will further enhance the growth of aircraft evacuation market. Commercial Aircraft Corporation of China (COMAC) for instance, announced in February 2018, that the company will deliver its first C919 single-aisle jet by 2021.

The rising number of airplane deliveries will also serve to augment the industry growth in the years to come. For example, Boeing announced in 2018 that the company would deliver about 42,730 aircrafts by 2037. The increasing number of airplane fleets will thus establish a lucrative growth opportunity for aircraft evacuation market players.

Moreover, the UK-based safety equipment and ejection seats manufacturer Martin Baker has also secured a new contract for delivering Mk18 ejection seat for its KAI's (Korea Aerospace Industries) aircraft development program. The company will also be supplying escape systems for the KF-X, Republic of Korea Air Force's new fighter.

It is prudent to mention that besides ejection seats, escape slides segment is also to set to propel the product landscape of aircraft evacuation market. Technological advancements in slide materials, operation techniques, and durability have significantly enhanced the product demand in the recent years. In order to cater to the rising demand of advanced evacuation systems, several airline & carrier companies are deploying or replacing old structures with new systems for enhanced safety features. With the rising demand for air carriers across the globe, OEMs are turning out as lucrative growth avenues depicting phenomenal commercialization trends for aircraft evacuation industry expansion. The segment growth is attributable to its ability to provide replacement, maintenance, and technical services for aircraft systems.

Taking into account the geographical landscape, Europe aircraft evacuation market accounted for significant share, given the robust expansion in the defense and commercial sectors of the regional aviation industry. Asia Pacific is also another lucrative region witnessing growing investment trends from aircraft evacuation industry players, given the increasing regional air travel rate. According to a report by IATA, APAC regions is witnessing an annual expansion rate of over 5.5% in passenger traffic, and is thus attracting investors to set up facilities and provide aircraft services.

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The progressive growth of market is further set to witness advancement in systems such as introduction of RFID-based life vests. Additionally, with the rising penetration of top techs such as AI, blockchain, Internet of Things, and big data analysis, the global aircraft evacuation market is certain to traverse along a profitable growth graph in the ensuing years.

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