Press release
Soaring in Success: The Global Aircraft Evacuation Market Predicted to Reach $2.23 Billion by 2029.
Aircraft Evacuation Market Size
What Is The Projected Market Size Of The Global Aircraft Evacuation Market And Its Growth Rate?
• The aircraft evacuation market is projected to grow from $1.66 billion in 2024 to $1.76 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%.
• This growth in the historic period can be attributed to factors such as stringent safety regulations, increased air travel, focus on passenger safety, airline industry competitiveness, and global airline alliances.
• In the forecast period, the market is expected to see strong growth, reaching $2.23 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%.
• The forecast period growth can be attributed to factors such as rising air passenger traffic, innovations in evacuation systems, regulatory emphasis on evacuation standards, focus on accessibility, and global collaboration on safety measures.
What Is Driving The Growth In The Aircraft Evacuation Market?
The key driver of the aircraft evacuation market is the increasing air passenger traffic, referring to the transportation of people by aircraft in interstate commerce. With the rise in air passengers, evacuation procedures become crucial for passenger safety during flights. According to the International Air Transport Association (IATA), the number of air passengers worldwide is expected to reach 4 billion in 2024, marking a 47% increase from 2021 and an 83% surge from 2022 figures.
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Who Are the Key Players Driving Aircraft Evacuation Market Growth?
• EAM Worldwide
• Martin-Baker Aircraft Co Ltd.
• Trelleborg AB
• GKN Aerospace Services Limited
• Cobham Limited
• Dart Aerospace
• Survival Equipment Services Ltd.
• Zodiac Aerospace SA
• United Technologies Corporation Pratt & Whitney division
• NPP Zvezda
• Astronics Corporation
• Safran SA
• Tulmar Safety Systems
• Japan Aircraft Manufacturing Co Ltd.
• Mustang Survival Corp.
• Goodrich Corporation
• Switlik Parachute Company Inc.
• Esterline Corporation
• LMS Technologies
• Sogerma SAS
• Air Cruisers Company
• Norsafe AS
• Aviation Survival Technologies
• Beacon Falls Rubber Company
• Boeing Defense Space & Security
• Collins Aerospace
• Eagle Parachute Systems
• Hamilton Sundstrand
• Honeywell Aerospace
• Leach International
• Meggitt Aerospace
What Are The Key Trends In The Aircraft Evacuation Market?
• Innovations in evacuation systems
• Integration of smart technologies
• Focus on lightweight and compact designs
• Enhanced training simulators
• Incorporation of evacuation technologies in aircraft design
What Are The Segments Of The Global Aircraft Evacuation Market?
• By Equipment Type: Life Vest, Evacuation Slide and Raft, Ejection Seat, Emergency Floatation
• By Fit: Line Fit, Retrofit
• By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Business Jet, Regional Transport Aircraft, Fighter Jet, Helicopter
Which Region Leads The Aircraft Evacuation Market?
North America was the largest region in the aircraft evacuation market in 2024. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, displaying a global perspective of the market trends and growth.
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What Is Covered In The Aircraft Evacuation Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Evacuation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Evacuation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Evacuation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Evacuation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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