Press release
Firefighting Aircraft Market is Anticipated to Expand upto $12.84 Billion in 2029
Firefighting Aircraft
What Is the Forecasted Market Growth Rate of the Firefighting Aircraft Industry?
In the last few years, the market size for firefighting aircraft has seen substantial growth. The market is forecasted to escalate from its $9.08 billion size in 2024 to $9.67 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The significant growth observed in the past can be attributed to various factors such as the rising incidences of wildfires, expansion of interfaces between urban settlements and wildland areas, government funding in fire control measures, environmental issues and regulations, as well as international cooperation in controlling fires.
How Will the Firefighting Aircraft Market Size Evolve From 2025 to 2029?
In the coming years, the firefighting aircraft market size is predicted to experience robust growth. It is projected to surge to $12.84 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. The growth during the predicted period may be due to the effects of climate change on wildfires, the development of next-generation fire retardants, prioritizing early detection, the global increase of wildland-urban interfaces, and government investments in preparedness. Emerging trends during the forecast period include the improvement of remote sensing technologies, the assimilation of drone technology, progress in aerial firefighting technologies, the rising significance of aerial firefighting services, and the international cooperation for aerial firefighting resources.
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What Are the Main Growth Drivers in the Firefighting Aircraft Market Today?
The rise in wildfires is predicted to stimulate the expansion of the firefighting aircraft market. Wildfires, the irregular fires that break out in natural places like forests and grasslands, could occur anywhere and anytime, instigated by humans or natural occurrences such as lightning. Firefighting aircraft play a significant role in preventing the spreading of these fires and reducing damage. Therefore, increased occurrences of wildfires will escalate the demand for these planes. For example, The Congressional Research Service, a US-policy research institute, reported that the number of annual wildfires rose from 59,000 in 2021 to approximately 69,000 in 2022. In addition, the amount of land burned by wildfires increased from 7.1 million acres in 2021 to 7.6 million acres in 2022. Consequently, the escalating frequency of wildfires is boosting the growth of the firefighting aircraft market.
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Which Firefighting Aircraft Market Segment Is Expected to Lead Through 2029?
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
Subsegments:
1) By Fixed Wing: Water Scoopers, Airtankers, Air Attack Aircraft
2) By Multi-Rotor: Drones (Unmanned Aerial Vehicles), Helicopters (For Aerial Firefighting)
Which Market Trends Are Expected to Dominate Firefighting Aircraft Industry Growth?
Dominant firms in the firefighting aircraft market are focusing on the creation of novel solutions like aerial firefighting websites to establish a competitive edge in the industry. These websites serve as online portals giving access to data, support, and the latest news about the application of various aircrafts in fighting wildfires. For example, Air Tractor Inc., a prominent company specializing in aircraft production in the United States, unveiled its new initiative 'AT802F.com' in March 2022. Primarily displaying the AT-802F and 802F Fire Boss, it also features the latest knowledge and details on quick action and initial assault techniques. The recently introduced website provides extensive information about the AT-802F, making it an invaluable tool for those interested in the aircraft, Single Engine Air Tanker (SEAT) maneuvers, and ways to maximize their usage in robust wildfire mitigation and early response strategies.
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Which Companies Hold the Largest Market Share in the Firefighting Aircraft Sector?
Major companies operating in the firefighting aircraft market include Lockheed Martin Corporation, Airbus, Boeing Commercial Airplanes, Marsh Aviation Company, Leonardo S.p.A., Textron 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., Aerial Fire Control Pty Ltd, Airgrup Helicopter Services S.L., Supair S.A., Safire Aircraft Company LLC, RainerFire Inc., CAMAIR S.A.
Where Is the Firefighting Aircraft Market Experiencing the Highest Growth?
Asia-Pacific was the largest region in the firefighting aircraft market in 2024. 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.
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