Firefighting Aircraft Global Market Report 2024 - By Trends, Size, Share, Growth, Forecast To 2033

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.

Market Overview -
A firefighting aircraft refers to specially designed aircraft used for water bombing and sprinkling water at high fire attack locations. A firefighting aircraft is an aircraft that provides aerial support to firefighters. They offer vital eyes in the sky for firefighters on the ground, ensuring safe aviation operations.

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Surge In Number Of Wildfires Is Anticipated To Accelerate The Firefighting Aircraft Market Growth
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.

Competitive Landscape -
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.

Leading Companies Pioneer Aerial Firefighting Websites For Enhanced Solutions
Major companies operating in the firefighting aircraft market are concentrating their efforts on developing innovative solutions such as aerial firefighting websites to gain a competitive advantage. An aerial firefighting website is an online platform dedicated to providing information, resources, and updates related to the use of aircraft in combating wildfires. For instance, in March 2022, Air Tractor Inc., a US-based aircraft manufacturing company announced the launch of 'AT802F.com'. It showcases the AT-802F and 802F Fire Boss, along with the most recent insights and information on rapid response and initial attack tactics. The newly launched website offers comprehensive details about the AT-802F and serves as a valuable resource for individuals interested in the aircraft, Single Engine Air Tanker (SEAT) operations, and optimizing their use for more effective wildfire prevention and initial response strategies.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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