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Military Helicopter Seats Market Projected to Witness a Single-Digit CAGR During 2016-2024

01-03-2018 10:48 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Military Helicopter Seats Market Projected to Witness

The demand for military helicopter seats is increasing due to rising demand of military helicopters and it is likely to witness high growth due to several reasons such as increasing threats from terrorism and extremism among others.

Based on product types, the military helicopter seats market is segmented into ejection seats, crashworthy seats and others. In 2015, the ejection seat segment anticipated to be the major market and anticipated to be the same during the forecast period of 2016 – 2024. The major factor boosting the demand of the market is increasing use of military helicopter in developing regions such as Asia Pacific, South America and Middle East and Africa. Some of the other factors boosting the demand are the raise in the fleet of helicopters.

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Based on the various maintenance types, the military helicopter seats market is segmented into airframe maintenance, field maintenance, engine maintenance, component maintenance and others. In 2015, the component maintenance segment expected to be the most important market and anticipated to be the same during the forecast period. Component segment includes maintenance of foams & fittings, seat actuators and among others. These are very important components of military helicopters seat and should be maintained according to the standards set by European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA). In 2015, the field maintenance and repair market is highly influenced by the growing orders of military helicopters from developing regions. For instance, in 2015, Korean Aerospace Industries to build up next generation light civil helicopter and light-armed helicopter and South Korea awarded a contract to airbus helicopters.

Based on the various component types, the military helicopter seats market is segmented into foams & fittings, seat actuators and others. Among different types of components, seat actuator is anticipated to grow at the highest CAGR during the forecast period of 2016 – 2024, due to rise in the designed seats from the actuators. The others segment accounted for highest share in 2015 and expected to be the same during the forecast period of 2016 – 2020 which includes metals, thermoplastics, plastics and fibres among others.

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Based on the regions, the military helicopter seats market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America holds the major market share followed by Europe. In addition, Europe is the second largest market for military helicopter seats market followed by Asia Pacific, Middle East and Africa and South America. The U.S. is the key contributors to the military helicopter seats market in North America. Military helicopter seats is high in North America is due to concentrated funding for military helicopter procurement will positively affect growth in the maintenance market. Asia Pacific is anticipated to grow at the highest CAGR during the forecast period of 2016 – 2024. The demand for military helicopter seats is increasing in developing countries such as India, China and Japan among others due to border problems among countries such as China and India and India and Pakistan among others. One of the major factors fueling the market for military helicopter seats market is Brazilian Army is investing enormous amounts for advancing its military.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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