Aircraft Ejection Seat Market 2021: Comprehensive Research Including Top Companies like- Martin-Baker Aircraft Co. Ltd, Collins Aerospace (Raytheon Technologies Corporation

Aircraft Ejection Seat Market by Component, Application, Services, and Region- Forecast to 2025

The Global Aircraft Ejection Seat Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Aircraft Ejection Seat business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Aircraft Ejection Seat worth chain and its wholesaler examination. Aircraft Ejection Seat Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The aircraft ejection seat market is poised to register a CAGR of over 4% during the forecast period.

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Top Leading Companies of Aircraft Ejection Seat Market are Martin-Baker Aircraft Co. Ltd, Collins Aerospace (Raytheon Technologies Corporation), NPP Zvezda, RUAG Group, Survival Equipment Services Ltd, East/West Industries, Inc. and others.

Industry News And Updates on Aircraft Ejection Seat Market-

North America Held the Largest Market Share in 2019

North America held the largest share in the aircraft ejection seat market in 2019. The US Department of Defense is focusing on modernizing its fighter aircraft fleet. Additionally, the USAF (the United States Air Force) plans to increase its fighter aircraft squadron from 55 to 65 in the coming years, in order to deal with the growing military might of its potential adversaries. Under the F-35 Joint Strike Fighter (JSF) Program, the US Department of Defense (DOD) has plans to acquire more than 2,400 new generation F-35s. Of the total acquisition, more than 1,700 aircraft will be F-35A variant. The F-35A is expected to replace the older F-16 and the F-15 fighter aircraft that are in service with the US. Martin-Baker supplies the Mk16 - US16E ejection seats for the F-35 Joint Strike Fighter program. Likewise, the US Air Force awarded Boeing Defense a contract worth USD 9.2 billion for the production of 351 T-X trainer jets (T-7 Red Hawk), with deliveries expected to start during the forecast period. Such procurement of new aircraft will simultaneously generate demand for aircraft ejection seats in the US.

Key Market Trends Aircraft Ejection Seat Market-

Combat Aircraft Segment Projected to Dominate the Market During the Forecast Period

The combat aircraft segment held the largest market share in 2019 and is projected to dominate the market during the forecast period. Combat aircraft are vital assets for the militaries of all the countries. With the growing terror threats and political tensions among the nations, the focus has been shifted towards the modernization of fleet by replacing aging aircraft with new advanced combat aircraft. Technology advancements in stealth and precision weapons are further forcing the countries to procure new combat aircraft, since, every nation want their combat capabilities to be up-to-date. Newer generation combat jets are capable of multi-role abilities and have larger payload carrying capacities with stealth features, and hence their procurement is increasing. For instance, India is currently procuring Dassault's 36 Rafale aircraft in which 28 aircraft are single-seater jets and 8 aircraft are twin seaters for training. The Rafale jets are fitted with Martin-Baker Mk F16F ejection seat. Thus, the growth in the procurement of combat aircraft will propel the demand for combat aircraft ejection seats.

Competitive Landscape On Aircraft Ejection Seat Market-

Competitive Landscape

The market is highly consolidated, with only few players. Martin-Baker Aircraft Co. Ltd, NPP Zvezda, and Collins Aerospace (Raytheon Technologies Corporation) are the prominent players in the market. Players are focusing on innovative solutions for aircraft ejection seat technologies to enable improvements in ejection seat features like operability for a large weight range, better weight balance, stabilization, trajectory height of the seat in a favorable direction, and quickening the parachute activation time after the escape, etc. Manufacturers are also coming up with many new developments in the designs of aircraft ejection seats to boost the safety of pilots, thereby improving their survival rates. Such developments are expected to bolster the growth prospects for the players during the forecast period.

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