Press release
Comprehensive Aircraft Evacuation Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Aircraft Evacuation Market
The surging number of air travelers is anticipated to propel the aircraft evacuation market's expansion. The term 'air passenger traffic' denotes individuals or companies chiefly engaged in transporting people via airplanes in interstate business. The aircraft evacuation market benefits from this traffic, as evacuation equipment and procedures significantly contribute to preserving passengers' lives mid-flight. For example, projections from the International Air Transport Association (IATA), a Canada-based group that backs airline operations and aids in the creation of industry policy and norms, indicate that by 2024, the global air passenger count will reach 4 billion. This figure shows a striking 47% rise from 2021 and an 83% increase compared to 2022. Thus, the escalating volume of air passenger traffic is fuelling the evolution of the aircraft evacuation market.
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What is the future CAGR of the aircraft evacuation market, and how will it impact industry expansion?
The market size of aircraft evacuation has seen robust growth in the past few years. It is speculated to expand from $1.66 billion in 2024 to approximately $1.76 billion in 2025, boasting a compound annual growth rate (CAGR) of about 6.2%. This growth during the historic period can be ascribed to strict safety regulations, augmentation in air travel, an emphasis on passenger safety, the competitiveness of the airline industry, and the formation of global airline alliances.
The aircraft evacuation market size is expected to see strong growth in the next few years. It will grow to "$2.23 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising air passenger traffic, innovations in evacuation systems, regulatory emphasis on evacuation standards, focus on accessibility, and global collaboration on safety measures. Major trends in the forecast period include innovations in evacuation systems, integration of smart technologies, focus on lightweight and compact designs, enhanced training simulators, and incorporation of evacuation technologies in aircraft design.
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What are the most significant trends transforming the aircraft evacuation market today?
Leading businesses in the aircraft evacuation market are exploring progressive solutions such as ongoing medical supervision to boost passenger safety, enhance emergency response abilities, and guarantee efficient in-flight medical emergency care. Continuous medical supervision involves continuous health tracking of patients by healthcare experts, allowing efficient monitoring, administering treatments, and ensuring adherence to care guidelines for the protection of patient well-being. For example, Global Helicopter Services, a helicopter service company based in Germany, initiated its Forward Air Evacuation Services in Benin in May 2024 through a new agreement with the European Defense Agency (EDA). The service, running around the clock, employs two Beech 1900D planes which can carry two patients on stretchers and six seated passengers, all under continuous medical monitoring. Joining hands with Sahel Aviation Services and Iqarus Medical, GHS intends to offer secure and effective evacuation resolutions designed to cater to mission specifications, symbolizing a significant advancement in its range of services.
Which key market segments comprise the aircraft evacuation market and drive its revenue growth?
The aircraft evacuation market covered in this report is segmented -
1) By Equipment Type: Life Vest, Evacuation Slide And Raft, Ejection Seat, Emergency Floatation
2) By Fit: Line Fit, Retrofit
3) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Business Jet, Regional Transport Aircraft, Fighter Jet, Helicopter
Subsegments:
1) By Life Vest: Infant Life Vest, Adult Life Vest, Hybrid Life Vest
2) By Evacuation Slide And Raft: Single Lane Slide, Dual Lane Slide, Slide Raft, Inflatable Life Raft
3) By Ejection Seat: Fighter Aircraft Ejection Seat, Helicopter Ejection Seat, Trainer Aircraft Ejection Seat
4) By Emergency Floatation: Helicopter Floatation System, Aircraft Floatation System
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What regions are at the forefront of aircraft evacuation market expansion?
North America was the largest region in the aircraft evacuation market in 2024. The regions covered in the aircraft evacuation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the aircraft evacuation market?
Major companies operating in the aircraft evacuation market include 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
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What Is Covered In The Aircraft Evacuation Global Market Report?
• Market Size Forecast: Examine the aircraft evacuation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft evacuation market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft evacuation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft evacuation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft evacuation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft evacuation market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft evacuation market.
• Competitive Landscape: Review strategic developments in the aircraft evacuation market, including expansions, agreements, and new product launches.
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