Firefighting Aircraft Global Market 2024 - By Size, Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Firefighting Aircraft Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $13.42 billion In 2028 At A CAGR Of 8.8% :

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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Firefighting Aircraft Market Major 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 Driver - 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.

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Prominent Trend - 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.

Firefighting Aircraft 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.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the firefighting aircraft market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the firefighting aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Firefighting Aircraft Market Report Structure
3. Firefighting Aircraft Market Trends And Strategies
4. Firefighting Aircraft Market - Macro Economic Scenario
5. Firefighting Aircraft Market Size And Growth
…..
27. Firefighting Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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