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Firefighting Aircraft Market Outlook Report 2024 | Size, Trends, Analysis, Insights, Overview By 2033
Firefighting Aircraft Market
The Business Research Company presents an extensive market research report on the Firefighting Aircraft Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The firefighting aircraft market size has grown strongly in recent years. It will grow from $8.77 billion in 2023 to $9.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increasing frequency of wildfires, expansion of the urban-wildland interface, government investments in fire management, environmental concerns and regulations, international collaboration in fire suppression.
The firefighting aircraft market size is expected to see strong growth in the next few years. It will grow to $13.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to climate change impact on wildfires, development of next-generation fire retardants, increased focus on early detection, global expansion of wildland-urban interfaces, government preparedness investments. Major trends in the forecast period include enhanced remote sensing technologies, integration of drone technology, advancements in aerial firefighting technologies, growing importance of aerial firefighting services, global collaboration for aerial firefighting resources.
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Key Market Players:
Major companies operating in the firefighting aircraft market report are Siemens AG, Lockheed Martin Corporation, Airbus, Grumman Aircraft Engineering Corporation, Boeing Commercial Airplanes, Marsh Aviation Company, Leonardo S.p.A., Textron Inc., Rockwell Automation Inc., Bombardier Inc., Conair Group Inc., SEI Industries Ltd., Sabena Technics Group, Kaman Corporation, Erickson Incorporated, Viking Air Limited, Neptune Aviation Services Inc., Isolair Inc., AeroFlite Inc., Air Tractor Inc., Dauntless Air LLC, Coulson Aircrane Ltd., ShinMaywa Industries Ltd., Martin Aircraft Company Limited, United Aeronautical Corporation, Aerial Fire Control Pty Ltd, Airgrup Helicopter Services S.L., Supair S.A., Safire Aircraft Company LLC, RainerFire Inc., CAMAIR S.A., Aero Vodochody a.s.
Market Drivers:
The growing number of wildfires is expected to propel the growth of the firefighting aircraft market going forward. Wildfire refers to an unplanned fire that fires in natural areas such as forests or grassland. Wildfires are caused by human activity or a natural phenomenon such as lightning, and they can happen at any time or anywhere. Firefighting aircraft are used to stop the spread of fire in the forests and minimize the damage. As a result, a growing number of wildfires will increase the demand for firefighting aircraft. For instance, in June 2023, according to The Congressional Research Service, a US-based public policy research institute, in 2022, there were approximately 69,000 annual wildfires, marking an increase from the 59,000 wildfires recorded in 2021. Furthermore, in 2022, a total of 7.6 million acres were burned due to wildfire, showing an increase from the 7.1 million acres burned in 2021. Therefore, the growing number of wildfires is driving the growth of the firefighting aircraft market.
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https://www.thebusinessresearchcompany.com/report/firefighting-aircraft-global-market-report
The firefighting aircraft market covered in this report is segmented -
1) By Type: Fixed Wing, Multi-Rotor
2) By Water Capacity: Less Than 5,000 Ltr, 5,000-10,000 Ltr, More than 10,000 Ltr
3) By Application: Firefighting Organizations, Military, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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