Press release
RAM Air Turbine Market is expected to reach US$ 4.2 billion by 2030
RAM Air Turbine Market - DataM Intelligence
Global RAM Air Turbine Market reached US$ 2.3 billion in 2022 and is expected to reach US$ 4.2 billion by 2030, growing with a CAGR of 7.9% during the forecast period 2023-2030.
The demand for RATs (Ram Air Turbines) in the market has been steadily increasing, driven by factors such as the growth of the aviation industry, rising aircraft deliveries, and a heightened focus on enhancing aircraft safety. Aircraft manufacturers have incorporated RATs into their designs to comply with regulatory requirements and ensure the safety of critical systems during emergencies, contributing to the growth of the RAT market.
China has emerged as a significant player in the global aircraft manufacturing industry, with companies like Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China (COMAC) actively involved in the development and manufacturing of aircraft models for both domestic and international markets. The critical role of RATs in ensuring aircraft safety has led to increased demand in China, making it a key contributor to the overall growth of the RAT market, with the country accounting for a substantial share of regional market activity.
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Market Dynamics
The increased demand for RATs (Ram Air Turbines) in the market is driven by the essential need for reliable emergency power generation in critical situations. Regulatory bodies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) have implemented stringent safety regulations for aircraft. These regulations often mandate the installation of RATs as backup power sources to ensure the availability of power in emergency situations, meeting the regulatory requirements and enhancing overall aircraft safety.
The emphasis on safety by aircraft operators, manufacturers, and regulatory bodies is a key factor contributing to the growing recognition of the importance of RAT systems. The crucial role of RATs in providing emergency power backup is integral to maintaining the safe operation of aircraft systems during power failures or emergencies. This focus on safety standards and compliance has led to an increased adoption of RAT systems in the aviation industry, contributing to the overall growth of the RAT market.
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Market Segmentation
By Product
Hydraulic RAT
Electric RAT
Mix RAT
By Application
Military Aircraft
Commercial Aircraft
Others
Market Key Players
Major players are Honeywell International Inc., Safran Electrical & Power, Collins Aerospace, United Technologies Corporation, Technofan SA, Triumph Group, Inc., Daher, CREARE LLC, Aerocontrolex Group, Inc. and Aviation Industry Corporation of China (AVIC).
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