Press release
Aviation Life Rafts Market 2020 Covid-19 Impact and Global Analysis by Top Brands - Survitec Group Limited, Survival Equipment Services, TULMAR Safety Systems, WINSLOW LIFERAFT COMPANY
According to the new research report, titled “Aviation Life Rafts Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component Capacity (Large-sized Life Rafts, Medium-sized Life Rafts, and Small-sized Life Rafts), Type (Single Tube Life Raft and Multi-tube Life Raft), and Application (General Aviation, Military/Defense Aviation, and Commercial Aviation)” published by The Insight Partners, the market is expected to reach US$ 1,524.52 million by 2027, registering a CAGR of 9.9% from 2020 to 2027.Implementation of stringent regulatory standards on safety equipment Is the significant factor driving the growth of the aviation life rafts market. However, removal of life rafts from aircraft flying within 400 nautical miles from the coast is the major factor that may hinder the growth of the aviation life rafts market. Nevertheless, the implementation of coated fabric for life rafts is anticipated to boost the growth of the aviation life rafts market.
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The aviation life rafts are small, inflatable, rigid to semi-rigid, floating devices carried aboard, which an aircraft uses as a rescue mechanism in an unlikely situation of emergencies. Additionally, the aviation life rafts are used in commercial aircraft and are installed as a rescue raft in military aircraft as well. The aviation life rafts have to be approved by the International Convention for the Safety of Life at Sea to confirm its proper functioning in times of emergency.
The "Global Aviation Life Rafts Market Analysis to 2027" is a specialized and in-depth study of the aviation life rafts market with a special focus on the global market trend analysis. The report aims to provide an overview of aviation life rafts market with detailed market segmentation by capacity, type, application. The global aviation life rafts market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aviation life rafts market players and offers key trends and opportunities in the aviation life rafts market.
Top Listed Companies
AVI Aviation
EAM Worldwide
Life Support International, Inc.
PLASTIMO
Revere Survival Inc
Safran
Survitec Group Limited
Survival Equipment Services Ltd
TULMAR Safety Systems
WINSLOW LIFERAFT COMPANY
The reports cover key developments in the aviation life rafts market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aviation life rafts market are anticipated to lucrative growth opportunities in the future with the rising demand for aviation life rafts market.
The global aviation life rafts market is segmented on the basis of capacity, type, application. On the basis of capacity, the market is segmented as large-sized life rafts, medium-sized life rafts, small-sized life rafts. On the basis of type, the market is segmented as single tube life raft, multi-tube life raft. On the basis of application, the market is segmented as general aviation, military/defense, others.
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The Insight Partners
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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