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Strategic Forecast for the Aircraft Evacuation Industry: Market Outlook 2025-2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Aircraft Evacuation Market Size Growth Forecast: What to Expect by 2025?
The market size of aircraft evacuation has seen significant expansion in the past few years. The predicted growth is from $1.66 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this development during the historic period include tougher safety regulations, a rise in air travel, emphasised passenger safety, competition within the airline industry, and worldwide airline partnerships.
How Will the Aircraft Evacuation Market Size Evolve and Grow by 2029?
Over the coming years, the aircraft evacuation market is anticipated to experience significant growth, projecting a size of "$2.23 billion by the year 2029, with a compound annual growth rate (CAGR) of 6.1%. The expansion projected within this period is linked to factors such as the rising number of air passengers, advances in evacuation systems, regulatory focus on establishing evacuation standards, increased accessibility, and international cooperation on safety protocols. Key trends to watch out for in this period include the advancement in evacuation systems, the application of intelligent technologies, the emphasis on lightweight and compact designs, the rise of improved training simulators, and the integration of evacuation technologies into the aircraft design process.
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What Drivers Are Propelling the Growth of Aircraft Evacuation Market Forward?
The growth of the aircraft evacuation market is projected to be spurred on by the rising air passenger traffic. The term air passenger traffic pertains to individuals or businesses primarily engaged in transporting people via aircraft interstate. The presence of evacuation devices and processes in aircraft, which are designed to protect passengers' lives during flights, is influenced by air passenger traffic. For example, the International Air Transport Association (IATA), a Canada-based organization that supports airline operations and aids in establishing industry policies and standards, reported in March 2022 that by 2024, global air passenger numbers would hit 4 billion. This represents a 47% increase from the 2021 figures and 83% more than the numbers from 2022. Consequently, the uptick in air passenger traffic is a significant factor propelling the aircraft evacuation market's expansion.
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Which Emerging Trends Are Transforming the Aircraft Evacuation Market in 2025?
Leading firms in the aircraft evacuation market are introducing innovative approaches like continuous medical supervision aimed at increasing passenger safety, enhancing emergency response effectiveness, and guaranteeing efficient care in mid-flight medical emergencies. Continuous medical supervision is a practice that involves constant monitoring of a patient's health by medical professionals to ensure optimal medical treatment and adherence to care guidelines to protect patient safety. For example, in May 2024, Global Helicopter Services, a helicopter service company based in Germany, introduced its Forward Air Evacuation Services in Benin under a new agreement with the European Defense Agency (EDA). Operative around the clock, this service uses two Beech 1900D aircraft, which can carry two patients on stretchers and six seated passengers, all under consistent medical supervision. In partnership with Sahel Aviation Services and Iqarus Medical, GHS is focused on offering reliable and efficient evacuation solutions that meet mission needs, marking a significant advancement in its service portfolio.
What Are the Key Segments in the Aircraft Evacuation Market?
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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Who Are the Key Players Shaping the Aircraft Evacuation Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Aircraft Evacuation Market?
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
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