Asia Pacific will witness a significant growth rate in the aircraft evacuation market place over the forecast timeframe. This is attributed to the increasing air travel coupled with investments in aviation industry across the region. International Air Transport Association (IATA) estimates that the region will have around 3.5 billion passengers by 2036.
Proliferating military expenditure and tourism growth across the globe are positively escalating the aircraft evacuation market expansion till 2025. Moreover, aircraft manufacturers across the region are entering into strategic agreements for developing newer fighter jets. For instance, in April 2018, Airbus and Dassault Aviation entered into a strategic agreement to jointly develop and manufacture next-generation European combat fighter jet, thereby providing a positive outlook for the industry expansion.
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With augmented safety protocols in the aviation industry and rising technological advancements, aircraft evacuation market is expected to depict remarkable growth trends in the coming years. The aviation industry being highly vital to today’s economic growth, this business sphere is gaining immense traction to eliminate or minimize costly and tragic consequences. If reports are to be believed, the year 2018 recorded over deaths of more than 534 passengers due to commercial aircraft accidents. The death toll has been much worse the previous years.
It is prudent to mention that besides ejection seats, escape slides segment is also to set to propel the product landscape of aircraft evacuation market. Technological advancements in slide materials, operation techniques, and durability have significantly enhanced the product demand in the recent years. In order to cater to the rising demand of advanced evacuation systems, several airline & carrier companies are deploying or replacing old structures with new systems for enhanced safety features. With the rising demand for air carriers across the globe, OEMs are turning out as lucrative growth avenues depicting phenomenal commercialization trends for aircraft evacuation industry expansion.
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Increasing demand for regional connectivity and establishment of new airports in emerging economies are the major drivers propelling the aircraft evacuation market share over the forecast period. Increasing aircraft backlogs from major aircraft manufacturers including Boeing and Airbus are providing a positive outlook for the industry expansion. For instance, in 2018, Airbus announced an order backlog of 7,577 aircrafts.
Some Point from Table of Contents:
Chapter 4. Aircraft Evacuation Market, By Product
4.1. Global aircraft evacuation market share by product, 2018 & 2025
4.2. Life vest
4.2.1. Market estimates and forecast, 2013-2025
4.2.2. Market estimates and forecast, by region, 2013-2025
4.3. Escape slide
4.3.1. Market estimates and forecast, 2013-2025
4.3.2. Market estimates and forecast, by region, 2013-2025
4.4. Evacuation raft
4.4.1. Market estimates and forecast, 2013-2025
4.4.2. Market estimates and forecast, by region, 2013-2025
4.5. Ejection seat
4.5.1. Market estimates and forecast, 2013-2025
4.5.2. Market estimates and forecast, by region, 2013-2025
4.6. Inflatable floatation
4.6.1. Market estimates and forecast, 2013-2025
4.6.2. Market estimates and forecast, by region, 2013-2025
Chapter 5. Aircraft Evacuation Market, By Platform
5.1. Global aircraft evacuation market share by platform, 2018 & 2025
5.2. Fixed Wing
5.2.1. Narrow body
184.108.40.206. Market estimates and forecast, 2013-2025
220.127.116.11. Market estimates and forecast, by region, 2013-2025
18.104.22.168. Market estimates and forecast, 2013-2025
22.214.171.124. Market estimates and forecast, by region, 2013-2025
5.2.3. Regional aircraft
126.96.36.199. Market estimates and forecast, 2013-2025
188.8.131.52. Market estimates and forecast, by region, 2013-2025
5.2.4. Fighter jet184.108.40.206. Market estimates and forecast, 2013-2025
220.127.116.11. Market estimates and forecast, by region, 2013-2025
5.3. Rotary Wing5.3.1. Civil helicopter
18.104.22.168. Market estimates and forecast, 2013-2025
22.214.171.124. Market estimates and forecast, by region, 2013-2025
5.3.2. Military helicopter
126.96.36.199. Market estimates and forecast, 2013-2025
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Prominent participants in the aircraft evacuation market share include Martin-Baker Aircraft Co. Ltd, EAM Worldwide, Zodiac Aerospace, Survitec Group Limited, Dart Aerospace, Survival Equipment Services, NPP Zvezda, Switlik, and Trelleborg. Mergers & acquisitions and joint ventures are among the major strategies adopted by industry players to expand their market share. For instance, in November 2018, Safran announced the acquisition of Zodiac Aerospace to expand its aircraft equipment activities.
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