Global Crashworthy Seats Market Is Likely to Experience a Tremendous Growth by 2028

The global crash-worthy seat market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). The global crash-worthy seat market is growing due to the increasing number of flight crashes and rising air traffics globally augumenting the market growth . For instance, in August 2021, according to International Air Transport Association an estimation of 4.5 billion passengers flew globally in 2019. The growing number of flight passengers and the rising awareness about their safety are boosting the growth of the market. The global market is also growing due to the increase in rapid urbanization as well as the increase in the middle-class population. The rising prevalence of providing tickets at an affordable rate propelling the growth of the market. Airplanes are reconsidered as a faster and safer mode of transport. This leads the key manufacturers to deploy safety equipment in the flight to provide a range of safety and is expected to contribute in the growth of the global crash-worthy seat market. The rising number of conflicts in-between countries and the use of military aviation are also anticipated to propel the growth of the market. The Asia- Pacific region is anticipated to hold prominent share in market due to the presence of emerging countries such as India and China which have a massive surge in the aviation market due to an increased demand for air travel. The rising government initiative to protect the life of the militants in military aviation, as well as passengers in commercial flights, is further expected to propel the growth of the global crashworthy seat market in the forecast period.

Some major players in the market include BAE Systems, Israel Aerospace Industries Ltd., Martin-Baker Aircraft Co Ltd., Rockwell Collins, Safe Inc., and Zodiac Aerospace, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- BAE Systems, Israel Aerospace Industries Ltd., Martin-Baker Aircraft Co Ltd., Rockwell Collins, Safe Inc., and Zodiac Aerospace, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Crashworthy Seats Market Report by Segment

By Type
• Crew Crashworthy Aircraft Seats
• Passenger Crashworthy Aircraft Seats
• Other

By Application
• Commercial
• Military

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.