Aviation Life Rafts Market Growing at 9.9% CAGR to be Worth USD 1,524.52 Million by 2027: COVID-19 Impact and Global Analysis by The Insight Partners

According to our latest market study on "Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by 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)" the market was valued at US$ 709.40 million in 2019 and is projected to reach US$ 1,524.52 million by 2027; it is expected to grow at a CAGR of 9.9% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

The report aims to provide an overview of global Aviation Life Rafts Market with detailed market segmentation by product/application and geography. 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 Aviation Life Rafts players and offers key trends and opportunities in the market.

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The aviation life rafts market players are experiencing substantial demand for their products from different end users, such as defense and general aviation aircraft manufacturers, military forces, and general aviation aircraft operators. Considering the fact that the general aviation aircraft operators or military forces must replace the life rafts every three years, the demand for life rafts is propelling in these sectors.

The players operating in the aviation life rafts market offer their products with a service life of more than ten years; however, the life rafts' service life is restricted to three years. The shorter service life allows the end user to mount newer life rafts every three years, thereby benefiting the end user by ensuring smooth inflation and further operations of the raft during any water landing mishaps.

The benefit of replacing the life rafts every three years has been attracting a substantial number of helicopter and general aviation manufacturers and operators, which is propelling the growth of the aviation life rafts market in the current scenario.

Top Dominating Key Players:

1. EAM Worldwide
2. Life Support International, Inc.
3. Revere Survival Inc.
4. Safran Group
5. Survitec Group Limited
6. AVI Aviation
7. Collins Aerospace
8. Meridian Inflatables Private Limited
9. Switlik Parachute Co.
10. Legend Aerospace

Key Benefits:

To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Aviation Life Rafts Market.

To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Aviation Life Rafts Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Aviation Life Rafts Market segments and regions.

The research on the Aviation Life Rafts Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Aviation Life Rafts Market on the basis of end user, product type, application, and demography for the forecast period 2021 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The global aviation life rafts market has been segmented as follows:

Aviation Life Rafts Market - by Capacity

Large-sized Life Rafts
Medium-sized Life Rafts
Small-sized Life Rafts

Aviation Life Rafts Market - by Type

Single Tube Life Raft
Multi-tube Life Raft

Aviation Life Rafts Market - by Application

General Aviation
Military/Defense Aviation
Commercial Aviation

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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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