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Aerospace and Defence News

Aircraft Lavatory Systems Market size is expected to grow at a CAGR of 7.1% from 2021 to 2027

Aircraft Lavatory Systems Market
                                            Aircraft Lavatory Systems Market

Aircraft Lavatory Systems Market size was valued over USD 253.9 million in 2020 and is anticipated to register a CAGR of 7.1% during the period from 2021 to 2027.

Development of infrastructure to facilitate air travel along with rising orders of commercial aircraft will offer encouraging outlook for the market.

Aircraft lavatory systems are systems engineered and implemented in aircraft and diverse in technology compared to common use lavatory systems. The system is on the rise due to a number of contributing factors ranging from enhanced demand for commercial air transport and technological improvement, increasing product capacity. Consumers are increasingly seeking cleaner and more comfortable travel, promoting airlines to add more advanced systems and is rapidly becoming a central significant factor is gauging customer experience.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/217/Aircraft-Lavatory-Systems-Market

Aircraft Lavatory Systems Market Report Attributes
Report Attribute Details
Base Year 2020
Aircraft Lavatory Systems Market Size in 2020 253.9 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 7.1%
2027 Value Projection 393.8 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 185
Tables, Charts & Figures 203
Segments covered Aircraft, Toilet technology, End-use, and Region
Growth Drivers,
Rising demand for domestic air travel
Promising outlook for tourism industry
Rise of private ownership
Pitfalls & Challenges,
Volatility in sourcing components
What are the growth opportunities in this market?

From a business perspective commercial and private owner are also opting for advance systems in order to minimize the downtime in planned flights. Passenger flight traveling for passengers usually comprises very high competition and to enhance the competitiveness, downtime reduction between the flights is needed in order to enhance profitability, hence advanced lavatory systems are used in newer generation airliners.

COVID-19 has been a nightmare in reality for those companies that produce toilets for aircraft. Why? Because very few people have been flying. All this began because the virus was so contagious and deadly that governments everywhere were forced to close down travel big time. They instructed people to remain at home and did not allow planes to take off or land. So, with no planes in the air, there was no demand for new toilets. Worse still, some airlines were like, “Hold up, we’re not even going to purchase the toilets we ordered.” This put the individuals who produce toilets in a state of panic because it was as if the demand for their product had vanished overnight. But hold your horses! Things are looking up. Governments are working out how to keep individuals safe but still allow them to travel once more. So, although it may be a little slow initially, individuals are going to be flying once more. And when they do, they will require toilets. So, those toilet manufacturing companies are heaving a sigh of relief.

Aircraft Lavatory Systems Market Analysis
Commercial aircraft segment in aircraft lavatory systems market will grow to approximately USD 320 million by 2027. In addition to high existing fleet of commercial aircrafts, growing backlog orders from conventional manufacturing companies such as Boeing and Airbus has also demonstrated that there is strong demand from commercial airlines flying at passenger capacity.

Narrow body aircrafts led the segment in commercial segment. Narrow body aircrafts are also becoming more competent with enhanced operating efficiency and fuel efficiency. Prolific domestic travel is another contributory element leading to the lavatory systems demand in narrow body. But wide body aircrafts are also progressively gaining popularity among international airline operators. Lavatory systems hold immense potential in wide body aircrafts since there are approximately more lavatory systems integrated due to two aisle configurations.

Recirculating type will capture 20% of the aircraft lavatory systems market share by 2027 due to the easy operating mechanism and its fitting in older aircrafts. Some of the benefits of recirculating aircrafts are its quitter operation and simplistic operation of function. It is also simpler to install on aircraft and is normally less costly compared to vacuum type systems that are normally more complex in operating character and design. Water based operation of flus also yields cleaner flush operation, referring to it as more hygienic system.

Know more about the significant segments defining this market

In 2020, the market for plane bathroom systems made by the companies that make the planes themselves (OEMs) was worth $185 million. Many OEMs are buying other companies and expanding their operations. Some are even starting to make their own parts and components for their bathrooms. Boeing, for example, now makes its own bathroom systems. Firms are beginning to understand that it’s better to own the entire supply chain, from obtaining the raw materials to producing the final product. That’s why they’re becoming more interested in establishing their own networks to obtain the parts and components they require. The COVID-19 pandemic has accelerated this, and firms are now scrambling to bring more of their supply chain in-house.

The producers also gets hold of the R&D of the component, which ultimately also allow them to design custom and customized solutions for their products and their clients and militate the costs for supply to other producers.

Discover more about the main segments influencing this market

Asia Pacific aircraft lavatory systems market led by China will expand at over 7.5% CAGR through 2027. Growth in middle-class passenger traffic starting with the domestic market and then to long haul flights will increase the aircraft demand and subsequentially support the industry expansion. According to the International Air Transport Association (IATA), China can surpass the U.S. as the world’s largest travel market by the next decade. The region will be the principal driver of product demand within the APAC.

European aircraft lavatory systems market is among the highest consuming and manufacturing producers of aircraft lavatory systems. Europe houses one of the world’s biggest lavatory systems market companies with existence of numerous OEM and MRO players. The region has one of the world’s leading commercial aircraft manufacturer Airbus, which owns the considerable market share in the global aircraft market. Favorable government initiatives along with rising mergers and acquisition activities in regional aerospace sector to drive aircraft lavatory system demand.

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Aircraft lavatory systems market is highly competitive. Advancement in component technology coupled with competitive pricing plays vital role in gaining revenue share. The important players operating in industry include

  • Jamco
  • B/E Aerospace CC
  • Diehl Aerosystems
  • Yokohama Aerospace
  • Circor Aerospace and Defence
  • Asia Spirit
  • The Nordam Group
  • Sanitrade
  • H.I Fraser PTY Limited
  • Aeroaid

 

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Aerospace and Defence News

Aircraft Seating Market size is projected to grow at a CAGR of more than 6.5% from 2021 to 2027

Aircraft Seating Market
                                   Aircraft Seating Market

Aircraft Seating Market Size
Aircraft Seating Market size stood at more than USD 10.26 billion in 2020 and is expected to advance at a CAGR of greater than 6.5% during the forecast period of 2021-2027.

An airplane seating is a seating arrangement in an airline aimed at supporting the passengers throughout the air travel period. Such seats are usually fitted in rows in the fuselage of the plane. The growth in cabin density coupled with spatial constraints is generating a positive situation for the development of the market. The rise in importance of replacement and upgrade of aircraft seats is also driving product penetration higher.

Latest technological developments in manufacturing to enhance productivity and seating performance, based on stress and fatigue resistance, will drive the market growth during the forecast period. For example, in December 2020, Frontier Airlines announced the specifications of Recaro’s new seat with 30% weight savings compared to current seats. The new seats will have added comfort and wider tray tables than previous models and will also complete other pioneering fuel-saving initiatives by the U.S. Greenest Airline.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/216/Aircraft-Seating-Market

Aircraft Seating Market Report Attributes
Report Attribute Details
Base Year 2020
Aircraft Seating Market Size in 2020 10,264.3 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 6.5%
2027 Value Projection 16,782.9 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 425
Tables, Charts & Figures 521
Segments covered Platform, Class, Fit and Region
Growth Drivers
Increasing plane production
Improvements in technology in plane seating frames
More air passenger traffic and increasing deliveries of planes
Increased cabin renovation and refurbishment programs
Expansion in business and private aircraft demand
Pitfalls & Challenges
Steep development and maintenance expenses
What are the opportunities for growth in this market?

Aircraft Seating Market Analysis
In 2020, the fixed-wing plane segment generated a whopping $9 billion. This increase in revenue is largely being fueled by the rising number of planes being constructed to meet existing orders and declog the production line. As per the Federal Aviation Administration (FAA), the U.S. alone will see a huge rise in the number of fixed-wing aircraft, including turbo props and turbo jets. By 2038, the figure of the turbo props will go up from 9,369 to 12,855 while the figure of the turbo jets is expected to go up from 11,484 to a staggering 22,195. Airlines are also redesigning their seating capacity, incorporating extra seats to accommodate increased demand and reduce passenger crowding. Most of the plane makers are also introducing wide-body planes. For instance, in October 2017, Airbus rolled out its revolutionary A330-900 Neo wide-body plane. The plane has more spacious seating and a more comprehensive overall cabin experience. Demand for aircraft seats is also spurred by the inclusion of advanced technology. High-end upholstery, enhanced retraction mechanisms, thigh support, and adjustable adjustment levels are some of the features driving aircraft seat popularity.

The military helicopters segment will see approximately a 5% growth rate for rotary wing aircraft seating market by 2027 due to the growing need for military helicopters to transport troops and cargo. Improvements in seat technology with higher structural strength are impacting industry growth. As an example, Zvezda Research and Production Enterprise created a new ejection seat system for attack helicopters to ensure greater crew protection. Since ejector seats are now a new concept in helicopters, forces from all over the world are pondering the idea in order to bring more safety for the crew in the time of accidents, hence fueling demand.

The economy class segment is expected to capture about 40% of market share by 2027 because of the increasing domestic and international air travel. As per ICAO, scheduled passengers are expected to increase to around 10 billion by 2040 from 4.5 billion in 2019. The aviation industry reflected a remarkable fall in international air passenger traffic in 2020 due to limited air travels according to the COVID-19 regulations. Increasing airplane deliveries with upgraded seating configurations offering maximum cabin space area and ample legroom will largely drive the industry growth during the forecast period.

Prepare for a luxury boost! Airplane seating’s first-class section is taking off, hitting a whopping $2 billion by 2027. Why the boom? Airlines are finding that treating their flyers like royalty pays dividends in spades. Travelers are hungry for comfort and predictability, and carriers are answering by extending the red carpet. But what’s fueling the need for the highest level of air travel? It’s the increasing number of billionaires and millionaires around the globe. They’re the ones happy to shell out big bucks for an upscale experience that, let’s be realistic, includes some very nice benefits. Imagine reclining chairs that feel more like a soft bed and your own little spot where you can stretch out and unwind. As airlines stand to gain from more profits, they’re investing in the newest and best technology so first-class seats are well worth the expense. It’s about ensuring that you have an unforgettable flight experience, and they’re not sparing anything when it comes to luxuries.

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Aircraft Seating Market Share

The market is highly consolidated with major five players accounting for nearly more than half of the global industry. Many aircraft seating manufacturers are adopting various tactical initiatives, such as mergers, acquisitions, and production capacity expansion, to tap additional revenue share and increase their business output.

Some of the key manufacturers of the industry are

  • Acro Aircraft Seating
  • Collins Aerospace
  • Jamco Corporation
  • Martin-Baker Aircraft Co., Ltd.
  • Recaro Aircraft Seating
  • Safran SA
  • Stelia Aerospace
  • Thompson Aero Seating Ltd.
  • Aviointeriors SpA
  • Airgo Design Pte Ltd.
  • Embraer S/A.
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Aerospace and Defence News

Aerospace & defense C-class Parts Market size is estimated to exhibit a CAGR of more than 4.7% from 2021 to 2027

Aerospace & Defense C-class Parts Market
Aerospace & Defense C-class Parts Market

Aerospace & Defense C-class Parts Market Size
The size of the Aerospace & defense C-class Parts Market was over USD 11.67 billion in 2020 and is expected to grow at a CAGR of over 4.7% from 2021 to 2027.

Increased demand for airframe due to the replacement of aging aircraft in the commercial & defense aviation market is expected to fuel aerospace & defense C-class parts demand throughout the forecast period. In addition, increasing demand for fuel-efficient aircraft for global major airlines is expected to fuel product demand within the aerospace & defense industry.

To receive key market trends

C-class components are low value components that are replaced rather than repaired when damaged. They are small in nature and are the most essential components utilized in aircraft construction. They are located throughout the aircraft such as fuselage, landing gear fittings, wings, flight control actuating systems, control surfaces, and air-intake areas close to the engine.

The growth of the global market is attributed to the rising commercial aircraft industry. Strong demand is anticipated throughout the forecast period due to robust economic growth, growth in consumer spending power on services, and changing airline business models providing a lot of opportunities to passengers hence driving the overall aircraft production. Strict safety and efficient aircraft operating regulations enable aircraft leaders to provide standard maintenance, driving the market growth. Apart from this, the increasing need for fuel-efficient commercial aircraft and increasing air traffic will drive the market growth.

Current geopolitical tensions between key economies such as China, North Korea, South Korea, the U.S., Israel, and India have made the need for robust aircraft fleets imperative. This, in turn, will drive the investments towards the creation of new-age technologies as well as the upgradation of the current systems. For example, the fiscal year 2019 U.S. defense budget considered the modernization of the current Air Force strike fighter plane and bomber aircraft. Moreover, replacement of aged components and newer aircraft purchases will have a positive impact on the industry growth in the next few years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/215/Aerospace-and-Defense-C-class-Parts-Market

Aerospace & Defense C-class Parts Market Report Attributes
Report Attribute Details
Base Year 2020
Aerospace & Defense C-class Parts Market Size in 2020 USD 11.67 Billion
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 4.7%
2027 Value Projection USD 15.89 Billion
Historical Data for 2017 to 2020
No. of Pages 250
Tables, Charts & Figures 278
Segments covered Part family/Components, Application, Distribution Channel, End-user
Growth Drivers:
Growing defense spending by key economies
Aerospace industry growth
Pitfalls & Challenges:
Adhesives taking the place of mechanical fasteners
What are the opportunities for growth in this market?

Effect of COVID-19 pandemic
The COVID-19 pandemic has dealt a tremendous setback to the aerospace and defense sector, particularly for companies that supply key components. The pandemic has disrupted supply chains of raw materials worldwide, bringing factory production to a standstill. Big and small firms in the sector have been reducing production. For instance, it’s now costing more to ship commodities, and there have been delayed shipments due to lockdowns in various nations. Reduced air travel and shutdown borders have also presented huge challenges for the sector. This disruption is affecting developing nations severely since they depend so much on imports for such components. The shortage is having a ripple effect that will damage the industry for years to come.

Aerospace & Defense C-class Parts Market Analysis
Fasteners are the glue that sticks aerospace machines together. They’re crucial to safety and performance, which is why it’s no wonder that they’re projected to control over half of the aerospace industry by 2027. Nuts and bolts, screws and springs, fasteners are found in every shape and size imaginable to accommodate the specific requirements of aircraft. They keep wings stable, engines humming, and everything in between. With the aerospace market calling for increasingly powerful and efficient products, even the fasteners that are utilized have to undergo changes. These have to ensure quality and performance according to the strict standards laid out. Hence, aerospace fasteners will see a high demand across all classes of aircraft, be it commercial aircraft or warplanes.

Read more about the most important segments influencing this market

The aerospace airframe segment in aerospace & defense C-class parts industry will increase to USD 8.49 billion by 2027 due to increasing production levels of prominent projects, including B787, A320 family, and A350XWB, compelling the requirement of lightweight c-class parts and worldwide commercial aircraft fleet in developed regions. In addition, new airline launch and service expansion of current airlines will certainly share the market. This expansion in the airframe industry is expected to drive product demand over the next several years.

The aftermarket market will contribute USD 11.41 billion by 2027. Replacement and renovation of existing aircraft can increase and broaden the demand for aftermarket by bringing in fleet management and line planning and responding to new aircraft. In the long run, it is seen that growth in the number of MRO facilities will drive the development of commercial and defense aircraft aftermarkets.

The commercial sector held over 50% of the market share in 2020 and will exhibit 4.8% growth rate by 2027 driven by growing air passenger traffic, decreasing air fares, and surging tourism & travel industry. Replacement of aging parts and new aircraft order will have a favorable impact on the industry growth during the forecast period. New geographical routes create new aircraft facilities, increasing the industry growth further during the forecast period.

Find out more about the major segments driving this market

The aerospace and defense industry in North America is a powerhouse, claiming over 45% of the global market share in 2020. And get thisexperts predict it’s going to keep soaring, with a projected growth rate of more than 4.8% from 2021 to 2027. The U.S. is a major player on the global stage, leading the way in producing those big, beautiful commercial airliners. So, you can just imagine the limitless possibilities that opens up for the sector. The people at the helm of these top companies are working their magic, creating innovative, cost-effective solutions to address the sky-high demand for air travel. And on top of that, there’s no dearth of defense operations and new contracts in the pipeline, which will only fuel the fire. And don’t forget the big dollars flowing in to create and manufacture new airplanes in the U.S. It’s as if they’re announcing, “Let’s go, aerospace!” The region is positioned to keep going up in the future. With its world-class aerospace supply base, with capability in aircraft repair, high-falutin’ electronics, and everything in between, it’s an innovation nexus that will definitely push the industry to even greater heights.

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Aerospace & Defense C-class Parts Market Share

Companies working in the market are continuously investing and focusing on innovations to meet industry challenges. Major players operating in the industry are

  • Amphenol
  • Stanley Black & Decker Inc.
  • Eaton Corporation
  • RCB Bearings Incorporated
  • Trimas Corporation
  • Precision Castparts corporation
  • Arconic
  • National Aerospace Fasteners Corporation
  • SKF Bearings
  • TE Connectivity
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Aerospace and Defence News

Aerobridge Market Size to grow at a CAGR of 1.2% from 2021 to 2027

Aerobridge Market
                                 Aerobridge Market

Aerobridge Market Size
Aerobridge Market Size was more than USD 8 billion in 2020 and is anticipated to grow at a CAGR of 1.2% from 2021 to 2027.

Rising air travel worldwide will propel the market growth over the forecast period.

The growth of air travel is projected to be 4.5% every year because most emerging nations in the globe are progressing towards building airports while the developed countries are building their current airports. With the rise in passengers, domestic governments and airport authorities are laboring on upgrading and improving their airport structures, which will provide excellent experiences to the travelers. Growing per capita income in most of the emerging economies as well as the fast-expanding middle-class population is also driving the air traffic that is expected to drive the industry growth in the next few years.

Rising operational and maintenance expenses related to the aerobridges will deter the market growth in the forthcoming years. Aerobridges are advanced machinery, with numerous intricate parts that need frequent maintenance and required operating conditions that increase the expenses. Additionally, the need for expert operators as laborers to manage aerobridges is forecasted to add to the expense, which might adversely affect the market development over the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/213/Aerobridge-Market

Aerobridge Market Report Attributes
Report Attribute Details
Base Year 2020
Aerobridge Market Size in 2020 8.45 Billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 1.2%
2027 Value Projection 9.3 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 250
Tables, Charts & Figures 348
Segments covered Wall structure; Elevation System; Movement; Tunnel Sections; Product Type; Region
Growth Drivers
Increasing air travel around the world
Positive trends related to airport development initiatives
Pitfalls & Challenges
High cost of aerobridges
Operational complexities related to aerobridges
What are the opportunities for growth in this market?

The glass segment of the aerobridge market will be USD 5.5 billion by 2027. Aerobridges are generally constructed using steel wall structures because of their strengths but the new design, with glass walls as they enhance the beauty of the aerobridges, is developed keeping the passengers in consideration. Glass-walled aerobridges are also becoming popular as they minimize the risk of claustrophobia and also provide stunning viewing experiences for the passengers.

The hydraulic segment is expected to surpass USD 6 billion by 2027. The hydraulic elevation systems are used in aerobridges to lower the operating costs and facilitate smooth elevation operations. This kind of a system of aerobridges should be operated and maintained well in order to avoid them from contaminating the atmosphere. This kind of system is generally used by different industry leaders since the aerobridges are easy to handle and less skill is needed to use them.

Know more about the major segments driving this market

The apron segment will take over over 65% of the market share by 2027. Apron driver drives are most commonly utilized passenger boarding bridges globally. These jet bridges are very adaptable and provide free movement in all axestelescopic, rotational, and elevation. Also, these utilize very little space. Apron driver aerobridges are utilized for all forms of airplanes like ICAO, C, D, E, F, and Airbus A380.

The market for movable segment aerobridge was over USD 7.5 billion in 2020. The movable jet bridges are typically favored by most airports because of its improved operational flexibility and superiority. The movable confriguration enables the aerobridge to retract and pull away from the aircraft safety zone on its arrival and depature. They can also be easily adjusted to various heights and are convinently utilized with various types of aircrafts.

The two-tunnel segment is expected to achieve a CAGR of 1% during 2027. This kind of tunnel provides adequate reach to the passengers and are ideal for passenger transportation in large airplanes. The two tunnels aerobridges come with varied configurations as per the requirement of the airport operators.

Read more about the leading segments influencing this market

Europe aerobridge market will surpass the demand of 3,900 units by 2027. Aerobridges have been in high demand in Europe since their introduction, particularly glass-walled aerobridges. Ongoing development of airport infrastructure along with rising government expenditure will boost the Europe market to capture a massive demand for jet bridges in the future years.

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Aerobridge Market Share

The key product manufacturers operating in the market are

  • Thyssenkrupp
  • JBT Corporation
  • Vataple Machinery (Kunshan) Co., Ltd.
  • ADELTE – The Boarding Company
  • PT Bukaka Teknik Utama Tbh
  • ShinMaywa Industries, Ltd.
  • Airport Equipment
  • Muhibbah Airline Support Industries Sdn Bhd (MASI)
  • FMT Sweden AB
  • and CIMC-TianDa.

The companies are constantly working on research & development activities to gain a competitive advantage by launching new products or upgrading existing products to increase operational capability and efficiency. They are also working on forming strategic partnerships and collaborations to further diversify their product portfolios and enhance their distribution networks. Various industry players are also working on expanding their business foothold and expand beyond their boundaries to support their business revenue. Also, participants are working on improving the efficiency of the product by integrating cutting-edge technologies and making the product more convenient for use.

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Aerospace and Defence News

Commercial Aircraft MRO Market is a CAGR of over 4.9% from 2021 to 2027

Commercial Aircraft MRO Market
                     Commercial Aircraft MRO Market

Commercial Aircraft MRO Market Size
Commercial Aircraft MRO Market Size was over USD 70 billion in 2020 and is expected to grow at a CAGR of more than 4.9% from 2021 to 2027.

The MRO market is controlled by outside factors such as aircraft usage, worldwide fleet size, and air traffic volumes, i.e., cargo and passengers. Air travel growth necessitates increased production of aircraft, which will help the MRO sector.

Hello! Investing in software to monitor aircraft maintenance and repairs (MRO) is a good wager for aviation industry growth. These software solutions have all you need, from maintenance schedule tracking to budgeting and manuals. And, they track all the work orders and keep you current on regulatory updates from FAA and ICAO. The greatest advantage of these MRO software solutions is that they streamline airlines’ maintenance activities, resulting in less downtime and more flight. And with all the data that’s available in the aviation industry, these tools can also help MRO companies use big data and analytics to improve their operations and offer custom solutions to meet the needs of each airline.

As more and more people choose to fly, airlines are expanding their fleets and outsourcing maintenance tasks to keep their planes running smoothly. This opening up of foreign direct investment policies has encouraged airlines to approach external assistance, and this is increasing the need for Maintenance, Repair, and Overhaul (MRO) services. Cheaper fares, increased frequency of flights, and more routes are fueling the air travel boom. This is pressurizing airlines to maintain their aircraft in peak condition, which is creating an increasing demand for MRO facilities. This increased demand will propel the expansion of the MRO industry in the next few years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/212/Commercial-Aircraft-MRO-Market

Commercial Aircraft MRO Market Report Attributes
Report Attribute Details
Base Year 2020
Commercial Aircraft MRO Market Size in 2020 USD 71,632.5 Million
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 4.9%
2027 Value Projection USD 97,755.3 Million
Historical Data for 2017 to 2020
No. of Pages\t141
Tables, Charts & Figures\t203
Segments covered\tMRO Services, Service Provider, Aircraft
Growth Drivers\t
Increased demand for low-cost carriers
The in-service and aging fleet’s requirement for maintenance
Stringent airworthiness regulations and policies
Digitalization of aircraft MRO services
Pitfalls & Challenges\t
Increased cost of aircraft components and spare parts
Aircraft downtime resulting from performing complex MRO operations
What are the growth opportunities in this market?

The aviation MRO sector is under pressure due to inadequate labor supply, increased cost of labor, aging demography, and declining interest on maintenance technician job role among newly graduated engineer. Unless there is a drastic change, this trend will continue in the forecast period. Right-shorting and outsourcing are two alternatives that are more applicable to MRO operators. Rising material prices are turning into a critical factor, driving the market growth. MRO firms are attempting to develop tactics that insulate themselves by way of strategic association with OEMs. It will also assist in real-time ordering of aircraft parts and components.

Commercial Aircraft MRO Market Analysis
Engines are set to dominate the world of airplane maintenance! By 2027, over a third of the money spent on fixing and maintaining commercial planes will go to engine-related work. Engine maintenance comes in two flavorsfield maintenance and depot maintenance. If your engine needs some serious TLC, it’ll likely head to a depot for major repairs, overhauls, and even rebuilding. Depot maintenance also includes expert technical help, making parts, and testing. But if your engine is repairable in the field, it’ll likely remain on the plane. That involves doing things such as repairing minor problems, keeping software current, and even producing new parts if necessary. Engines are going to dominate the maintenance throne for a few years to come. And hold on to your seats, people – the battle in the engine maintenance industry is going to get increasingly more aggressive and complex.

Discover more about the major segments influencing this market

Independent service providers segment will touch USD 60 billion in 2027. Independent MRO companies are under pressure to achieve competitive turnaround times for returning aircraft, engines or other sophisticated components and with the best quality of service. Airlines companies are outsourcing maintenance such as engine, airframe, line maintenance, and others. Airline outsourced MRO expenditure is estimated to see tremendous growth during the forecast period. Standalone MRO firms offer principal maintenance inspections, landing gear work, engineering work, upgrades, modifications, refurbishments, and painting for a wide variety of aircraft.

Discover more about the most important segments influencing this market

The narrowbody aircraft segment of the commercial aircraft MRO industry is expected to create a revenue of USD 55 billion in 2027. A narrowbody aircraft or single-aisle aircraft, employed for the operation of short-haul cross-border routes and domestic routes, is a smaller-class aircraft. A narrowbody aircraft is capable of transporting 295 passengers as it is a small plane and limited to a short-distance flight. The market is tremendously reliant on private and commercial narrowbody aircraft. The increasing usage of such planes in the building sector will increase revenue generation even further.

Hello! Hold on to your seat for an Asia Pacific region aircraft maintenance, repair, and overhaul (MRO) sector boom!. It’s going to increase by over 5.5% every year until 2027. Why? Because the commercial air transport business is skyrocketing, particularly in the Asia Pacific, where individuals are wild about acquiring new, tiny aircraft. India, Japan, China, South Korea, Australia, and Singapore are among the countries at the forefront of developing this regional market. Their aircraft fleets are going to continue expanding in the years to come, and that equals increased demand for MRO services. And in nations like India and China, their aircraft are aging and require new parts or even replacement entirely. That’s another way the MRO industry is anticipated to boom.

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Commercial Aircraft MRO Market Share

Global market players majorly focus on the development and expansion of their technologies and service portfolio to enhance business capabilities and cater to the rising demand. Strategic partnerships and enhancement of the product landscape are key initiatives in the global industry. Some of the key manufacturers include

  • Airbus
  • Boeing Company
  • AAR Corporation
  • Bombardier Inc
  • Embraer S.A
  • Delta TechOps
  • General Dynamics Corp
  • Hong Kong Aircraft Engineering Company (HAECO) Ltd
  • GE Aviation
  • Honeywell Aerospace
  • Lufthansa Technik AG
  • Rolls-Royce plc
  • MTU Aero Engines AG
  • Safran SA.
Categories
Aerospace and Defence News

In-Flight Catering Services Market size is CAGR of over 6.1% from 2021 to 2027

In-Flight Catering Services Market
                                                                          In-Flight Catering Services Market

In-Flight Catering Services Market Size
The In-Flight Catering Services Market size accounted for more than USD 8.89 billion in 2020 and is expected to increase at a rate of over 6.1% from 2021 to 2027.

The expanding worldwide demand for commercial aircraft alongside rising air traffic, especially within the APAC region is most likely to contribute to the growth of the market over the forecasting period.

For obtaining key market trends

The main causes of expansion in air travel are positive trends relating to Gross Domestic Product (GDP) and inexpensive air travel. Growing disposable income along with shifting lifestyles will drive the air travel demand for business & leisure travel. In the last few years, the cost of air travel is on the decline owing to high levels of competition among airlines and rising operating efficiency of airlines.

Yes, the following is a human-crafted version of the text, maintaining the same meaning
The airline catering sector is being hit by some difficulties that might retard its future growth. New strict regulations on the types of food and beverages that can be consumed aboard might make it more difficult for airlines to provide the quality and diversity of food that customers are accustomed to. The COVID-19 pandemic has also had a big impact on the airline catering industry. When governments around the world locked down their countries and restricted travel, airlines were forced to cancel flights and lay off workers. This led to a sharp drop in demand for airline catering services. Now that travel restrictions are starting to ease, the airline catering industry is expected to start to recover. But it will take a while for the industry to return to pre-pandemic levels. Meanwhile, the industry will have to adjust to the new challenges it faces, including the stricter regulations on food and beverages.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/211/In-flight-Catering-Services-Market

In-flight Catering Services Market Report Attributes
Report Attribute Details
Base Year 2020
In-flight Catering Services Market Size in 2020 8,893.1 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 6.1%
2027 Value Projection 21,758.4 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 140
Tables, Charts & Figures 150
Segments covered Aircraft seating class, Source, Food Type, Region
Growth Drivers
Growing demand for commercial aircrafts worldwide
Growing air traffic in Asia Pacific region
Growth in the airline sector in Middle East region
Pitfalls & Challenges
Strict regulations on airline-catering
What are the growth opportunities in this market?

In-flight Catering Services Market Analysis
The economy class segment accounted for over 60% of market share in 2020 under the leadership of increasing consumer preference for economy class for short to medium haul distance travel. APAC has shown an increase in disposable income number and middle-class population in recent years, which is driving the demand for economy class aircraft seats in the market.

While airlines and private planes fly high, they’ll be more and more dependent on outside firms to serve up delectable meals to their passengers. This outsourced part of the in-flight catering industry is expected to hit a whopping $16 billion by 2027. Why? Because it’s just so easy! Airlines can pick and choose from an enormous menu of foods and dishes, tempting passengers’ palates with treats from everywhere in the world. Further, outsourcing provides airlines with peace of mind since all the nitty-gritty details pertaining to food hygiene and safety are taken care of by these firms. Furthermore, most of the leading airlines have established agreements with reliable in-flight caterers. These deals confirm that passengers get to enjoy good-quality meals consistently on their trips, thereby enhancing the demand for outsourced food items.

Find out more about the most prominent segments driving this market

Meal segment bagged 45% of revenue share in the year 2020. Meal sizes, qualities, and prices differ with respect to airlines, classes, and flight durations. Safety measures are incorporated by proper menu design and preparation process. Meals are cooked in land-based kitchens by the airline kitchens, and flight stewards reheat and serve to the passengers. Adequate care in terms of cooking methods is taken in order to preserve aroma, color, flavor, and appearance of ingredients. Airline companies are also providing various meals and serving continental dishes in order to cater to customers.

Discover more about the primary segments influencing this market

Asia Pacific in-flight catering services market was severely impacted by COVID-19 pandemic and was worth more than USD 3 billion during 2020 driven by growing population, higher disposable income levels, and favorable government policies. Nations such as China and India are spending enormous amounts on airport infrastructure developments. Aside from these two, other nations such as Vietnam, Colombia, Indonesia, Malaysia, and the Philippines are likely to be rapidly growing nations for air passenger travel. Positive trends relating to the airline sector will spur the regional development.

As per the International Air Transport Association (IATA), in 2016, air travelers were approximately 3.8 billion and it will grow up to 7.2 billion by 2035. The region of Asia Pacific will lead the growth and it will be the region with the highest growth in air passenger traffic in the future. APAC will be responsible for almost 39% of global passenger traffic growth between 2017 and 2040, according to the Airports Council International’s (ACI) Annual World Airport Traffic Forecasts 2017 – 2040.

Hello! Listen closely, because the skies are about to get busy in North America! In the next few years, the number of people jumping on airplanes in North America will increase by a healthy 5% annually. And here’s the kickerinternational travel is set to soar by a whopping 8.4% through 2040. To accommodate all these additional fliers, the U.S. government has been handing out some serious money. They’ve already disbursed close to half a billion dollars in grants to airports all over the country. That’s roughly 327 separate airports in 46 states and even some Pacific islands! All this airport dough is being spent to ensure that we have enough runways, gates, and other high-falutin’ things to accommodate all those who desire to fly. And it’s not a pipe dream, either; we really do need more planes to accommodate the increased number of flyers. So, buckle up for some new wings up in the air

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In-flight Catering Services Market Share

Some of the key players functioning in the in-flight catering service market are

  • Gate Gourmet
  • Saudi Airlines Catering
  • LSG Group
  • Dnata
  • Servair
  • Goddard Catering Group
  • Newrest Catering
  • Royal Holdings
  • Journey Group PLC
  • DO & CO
  • SATS Ltd
  • Emirates Flight Catering
  • ANA Catering Service Co. Ltd.

Strategic partnerships and acquisitions are the key strategies opted by the key industry participants to bolster their position in the market.

Categories
Aerospace and Defence News

Aerospace Cold Forgings Market Size is anticipated to grow at a CAGR of more than 8.3% from 2021 to 2027

Aerospace Cold Forgings Market
                      Aerospace Cold Forgings Market

Aerospace Cold Forgings Market Size
Aerospace Cold Forgings Market Size was pegged at over USD 2.5 million in 2020 and is expected to record a CAGR of over 8.3% during 2021 to 2027.

The growing demand for an elevated strength-to-weight ratio and high aircraft structural reliability are few of the determinants fuelling the market expansion over the forecast period.

To obtain key market trends

Growing penchant of aircraft producers to use aerospace components with precise dimensional tolerances and high surface finish is driving the aerospace cold forgings market growth over the forecast period. Growing use of cost-effective materials to achieve high-strength cold-forged products will boost the market value. Moreover, the removal of heat treatment procedures such as hardening & tempering will increase the production cycle time positively, further boosting efficiency in operations. The rising requirement of lowering the level of aircraft emissions and improving the fuel-efficiency will continue to drive the growth of the industry.

However, the increasing application of composite materials in the manufacturing of aircraft is threatening the industry. In addition, the pandemic of COVID-19 disease has devastated the market. With the decline in passenger air traffic and suspended freight activities, demand for new aircraft declined, thus leading to lowered usage of cold forging products. Yet, a year after the crisis forced the industry to a standstill, demand is likely to be giving displays of revival and the market will have a lot of pace in years to come.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/210/Aerospace-Cold-Forgings-Market

Aerospace Cold Forgings Market Report Attributes
Report Attribute Details
Base Year 2020
Aerospace Cold Forgings Market Size in 2020
2.59 Million (USD)
Forecast Period
2021 to 2027
Forecast Period 2021 to 2027 CAGR
8.3%
2027 Value Projection
4.98 Million (USD)
Historical Data for
2017 to 2020
No. of Pages
220
Tables, Charts & Figures
210
Segments covered
Platform, Application
Growth Drivers
Increasing demand in commercial and defense aerospace
Technological advancements and joint ventures
Growing air passenger traffic
Increasing presence of low-cost carriers
Rising tourism coupled with increasing regional jet demand
Pitfalls & Challenges
Growing usage of composite materials
What are the opportunities for growth in this market?

Aerospace Cold Forgings Market Analysis
The fixed-wing platform segment will dominate 80% of the aerospace cold forgings market share by 2027. The development of new air travel destinations combined with rising air connectivity routes will heavily drive the demand for fixed-wing aircraft. The cost-effectiveness and high strength of cold-forged aircraft parts along with their rising application in the structure will largely contribute towards enhanced service life and durability.

The rising use of helicopters for air rescue operations and law enforcement is offering potential opportunities for the growth of the industry. The deepening penetration of sophisticated helicopters and the booming orders & sales will drive the industry value.

Find out more about the most influential segments driving this market

The landing gear segment in the aerospace cold forgings industry crossed USD 1 million in 2020 with the rising aircraft production and rising air carrier deliveries. High stiffness, fatigue, and toughness provided by cold forged landing gears create favorable growth opportunities for the segment in the forecast period. The primary structural part of landing gear includes brace, strut, truck beam, link, and trunnion, which are primarily produced through the forging process.

Find out more on the prominent segments driving this industry

The European aerospace cold forgings industry will create demand for more than 600 kilo tons through 2027 as a result of increased developments in the country’s advanced manufacturing technologies. The European aircraft production sector is aided by various investors, including Aviation Capital Ventures PLC, which invest in the R&D and growth of the business. The EASA is aiding the commercial aircraft industry demand through an arrangement of funding for R&D to enhance & preserve the global technological superiority. Continuous capital inflows & robust financial backing assure the growth of the aircraft industry, impacting market revenue.

Middle East & Africa market will experience approximately 7% growth rate up to 2027 driven by the rising aircraft deliveries as well as the increasing demand for low-cost carriers. Strong economic growth along with increasing disposable income is fueling the air traffic. The rising demand for the use of composite-structured aircraft is driving the industry growth.

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Aerospace Cold Forgings Market Share

Prominent companies functioning in the aerospace cold forgings market are

  • Precision Castparts Corp.
  • Eramet
  • Scot Forge
  • ATI Metal
  • Bharat Forge
  • VSMPO-AVISMA Corporation
  • Arconic
  • Shaanxi Hongyuan Aviation Forging Co., Ltd.

These major market participants are involved in several strategic initiatives to gain a competitive edge over other manufacturers and to improve business profitability. Key initiatives include mergers, acquisitions, product launches, partnerships, geographical expansion, production capacity expansion, and others

Categories
Aerospace and Defence News

Aerospace Composites Market size is CAGR of over 7.3% from 2021 to 2027

Aerospace Composites Market
                         Aerospace Composites Market

Aerospace Composites Market Size
Aerospace Composites Market size crossed USD 10 billion in 2020 and is expected to show a CAGR of more than 7.3% during 2021-2027.

Growing development of aerospace composites usage in commercial as well as military aircraft, in order to satisfy lightweight and durable component needs will drive overall market growth. The factors such as weight saving and high impact strength will foster the aerospace composites market growth. Apart from this, the widespread use of interior and exterior applications will also increase the overall product penetration. Growth in commercial and defense industries is anticipated to experience robust growth over the forecast period. Further, rising defense expenditure will impact the market development in the future years.

Improvements in manufacturing processes coupled with ease of machinability will promote composite material demand. Composites can be produced in complex shapes that provide less material wastage and corrosion resistance, thus further enhancing product penetration. The superior quality of the composites in exterior airframe structures, including undercarriage, fuel parts, and wings, will drive the product demand. High product penetration in airframe structures will further boost the industry growth. Aerospace composites industry participants are looking at recycling composites for re-use in the MRO segment, which will drive the product penetration.

The COVID-19 outbreak and Boeing 737 MAX grounding negatively affected the aviation industry in the year 2020. Full lockdown of foreign traveling in multiple economies in Europe and APAC during the first H1 of FY2020 have a dire effect on the aerospace composites market. Various airlines have suspended their intention of buying new airplanes and some rescheduled their intention. Additionally, industry giants indicated a negative effect on generating revenues during FY 2020.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/209/Aerospace-Composites-Market

Aerospace Composites Market Report Attributes
Report Attribute Details
Base Year 2020
Aerospace Composites Market Size in 2020 9,965.7 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 7.3%
2027 Value Projection 16,113.0 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 550
Tables, Charts & Figures 828
Segments covered Fiber, Resin, Aircraft, Application, Region
Growth Drivers
Increasing aviation industry with increasing demand for fuel-efficient aircraft
Strong demand for high strength and lightweight composite materials
Driving space exploration and defense industry
Pitfalls & Challenges
High material and manufacturing cost

Aerospace Composites Market Analysis
Suppose you’re manufacturing the aircraft of the future. You’d like them to be fast, agile, and ultra-strong. Enter carbon. Carbon composites are going to dominate the aerospace sector by 2027, cornering more than 60% of all sales. Why’s that? Because carbon is a superhero for developing high-grade components. Consider precision machine plates, bolts, and even nuts and posts. Its secret superpower? Incredible strength, hardness, and flexibility. That translates to your aircraft being able to withstand extreme conditions without perspiring. And it doesn’t end there. Carbon is also the hidden ingredient in engine components such as impellers and rotors. It repels sparks and makes your aircraft safer. To boot, it’s lightweight, can be exposed to extreme temperatures, and is extremely strong. Oh, and it also lubricates itself, so maintenance is a cinch.

The market for aerospace thermosetting composites is expected to create a demand of over 45 kilo tons by the year 2027. Thermosetting resins are some of the most extensively utilized man-made materials. Ease of application due to a shape change and compatibility with other materials are a few of the major features favorably driving product penetration. These resins find extensive applications as adhesives and bonding agents. Processing, fabrication, and composite material properties are some of the major factors influencing the chemical & physical properties of the resins.

Epoxy finds extensive applications in high-performance materials with a high requirement for advanced materials, providing improved performance in aircraft design and assembly as well as the repair of interior & exterior aircraft parts. Aerospace composites are being used extensively in applications requiring fire, smoke, and toxicity-resistant products. Increased use as a structural component for aircraft because of their characteristics like better performance under high temperature/high humidity conditions will also support industry demand. Epoxy is largely used for interior applications including insert potting, reinforcement, joining panels, and panel structures.

The market for commercial aerospace composites was worth USD 6 billion in 2020. Increased affordability of air travel has boosted the number of air passengers traveling over the last few years. The rise in the total passengers will further boost the revenue of the market. Composites hold over 50% of the total market share. Growing benefits from product usage, including weight saving and increased aircraft overall efficiency, will drive industry size. Furthermore, the competitive edge over other counterparts at manufacturing and molding time will reinforce overall market value.

The external application segment will depict approximately 7.5% growth rate till 2027. Composites are needed in exterior aerospace applications, which need higher operating temperature and curing performance. They provide strong aerospace structures, which will also contribute to the revenue of the industry. Ongoing R&D focused on the improvement of the performance of commercial and military uses has brought more utilization of composite materials due to their remarkable strength, better stiffness-to-density ratio, and better physical properties. In addition, aerospace composites save production time, possess greater damage tolerance in the production process, and provide 20% weight reduction.

North America aerospace composites market to have over 35% revenue share by 2027. The regional market leads the entire aerospace industry in terms of having the largest number of defense and commercial aircraft globally. Growing exports coupled with increasing demand from the aerospace industry will boost product demand through the forecast period. The U.S. has played a significant role in the market due to a vast growth in the aerospace industry coupled with high demand across the rest of the region will have a positive effect on the overall industry value.

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Aerospace Composites Market Share

Key companies functioning in the aerospace composites market are

  • Hexcel
  • E.I. DuPont de Nemours
  • LMI Aerospace
  • Solvay Group
  • BASF SE

Companies induce forward, backward, or full integration strategies between raw material manufacturers, composites manufacturers, and distributors. Aerospace market players mostly adopt forward integrated, involving the manufacturing and distribution of the product.

Categories
Aerospace and Defence News

Aircraft Evacuation Market Size exceeded USD 1 Billion in 2020 and is anticipated to grow at a CAGR of over 6.2% from 2021 to 2027

Aircraft Evacuation Market
                                   Aircraft Evacuation Market

Aircraft Evacuation Market Size
Aircraft Evacuation Market Size has surpassed USD 1 Billion in 2020 and is further expected to be growing at more than 6.2% CAGR throughout the forecast period of 2021-2027.

Rigorous government legislations on serious improvements in safety of passengers along with a cut in passenger injury during evacuation will offer a strong scope for expanding the market.

In the coming decade, the skies would be filled with more individuals who are flying more than ever before. To accommodate this increase in demand, plane makers are constructing airplanes that will carry hundreds more, some up to 900. This is a boon for consumers, but not necessarily for safety. How do you evacuate all those people in a hurry during an emergency? Plane makers are doing their best to make the planes safer. They’re upgrading designs, modifying operating procedures, and increasing maintenance. They’re also equipping more aircraft with safety gear, such as life jackets, slide-out escapes, and inflatable flotation devices. Even some aircraft carry ejection seats. These modifications are meant to protect passengers if there are issues such as engine failure, bad weather, or fires. So, while flying on a massive plane may seem a bit daunting, rest assured that manufacturers are doing everything they can to make sure you’re safe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/208/Aircraft-Evacuation-Market

MROs are also busy in the aircraft evacuation sector. They have a complete range of evacuation equipment and provide installation & overhaul services to airline operators according to aviation authority guidelines. They are experts in refurbishing & replacing life jackets, escape slides, and evacuation rafts after their planned replacement cycle on commercial aircraft.

The rising number of deadly flight controls in terrain crashes is threatening the aircraft evacuation industry. These deadly crashes are taking place because of cabin & other aircraft component damages, bird hits, mid-air collisions, and runway security during landing. Additionally, low reliability of aircraft evacuation systems like ejection seats and evacuation rafts are hindering market growth. Government expenditure to enhance the dependability of such systems will have a positive outlook for the industry growth within the forecast period.

Aircraft Evacuation Market Report Attributes
Report Attribute Details
Base Year 2020
Aircraft Evacuation Market Size in 2020 1 Billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 6.2%
2027 Value Projection 1.53 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 350
Tables, Charts & Figures 496
Segments covered Product, Platform, Distribution Channel, Region
Growth Driversερι
Growing concentration of industry players
Growth of narrow body deliveries worldwide
Growing air passenger traffic
Growing MRO industry
Drawbacks & Challenges
Problem of reliability in aircraft evacuation systems
Where are the growth opportunities in this market?

Aircraft Evacuation Market Analysis
Aircraft evacuation segment escape slide market was worth USD 550 million in 2020 with the growth being driven by the enhanced airline carriers’ concern for passenger and crew safety. Several government standards and airline operations practices are put in place to safeguard passengers and crew against fire, smoke, and poisonous fumes. Escape slides and rafts used by airline operators are substantially being upgraded to enhance passenger survivability during air crashes.

Escape slides and rafts allow travellers to evacuate immediately from an aeroplane when there is a need for a water emergency landing. Several airlines evacuation equipment manufacturing companies are focusing on designing lightweight, small size, and flame-resistant slides & rafts in pyrotechnic inflation system-based models. The slides & rafts demonstrate enhanced weight efficacy and adhere to government regulations.

Find more about the key segments influencing this market

Fixed wing will create a demand of approximately 1 million by 2027. Growing fixed-wing fleet size owing to its use in commercial, regional, and military aircraft is one of the key drivers driving the aircraft evacuation market development in the next few years. The continuous technological innovations in fixed-wing aircraft such as decreased overall manufacturing cost, less weight, and completely interlocked systems are some of the key technological developments in fixed-wing aircraft.

High demand for the usage of narrow-body planes on medium-haul flights is one of the major factors offering a favorable outlook for fixed-wing platform growth. High production of narrow-body planes by major players like Boeing, Airbus, Bombardier, and Embraer will continue to fuel demand for narrow-body planes. The narrow-body segment is growing at a high rate and will remain a leader in the aircraft evacuation business in the years to come. This is due to the growing delivery of narrow-body aircraft, demand for low-cost airlines, and fleet modernization

Find more about the predominant segments driving this market

OEM distribution channel in the market for aircraft evacuation will register valuation of more than USD 900 million by the year 2027. Rising demand for aircraft due to growth in tourism trends, economic expansion, and construction of new & existing routes. Aircraft manufacturers install evacuation systems prior to fitting into aircraft at the production level. Growing presence of aircraft manufacturers like Boeing and Airbus in nations like China will continue to support market penetration.

Seeking region specific information?

European aircraft evacuation market will see more than 5.5% growth rate until 2027. France will lead the OEM segment due to the presence of a high number of aircraft manufacturers within the country. Other European nations headed by Germany and the UK will see steady growth due to the growing passenger traffic. Air carriers in Europe transported 5.3% additional passenger traffic during 2017 than 2016. The European operators of narrow-body planes demonstrated a rise of 13.2% in passenger traffic, thus necessitating new aircraft procurement.

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Aircraft Evacuation Market Share

The major companies operating in aircraft evacuation market include

  • UTC Aerospace
  • Zodiac Aerospace
  • NPP Zvezda
  • EAM Worldwide
  • DART Aerospace
  • Switlik
  • Trelleborg
  • Survitec Group
  • Martin Baker

Industry leaders are competing to offer lightweight, compact, and durable products that are customizable to meet the client’s specific needs. Participants are also investing in R&D to design and discover new applications in safety & survival technology. New product features include embedded RFID tags and white LED lights in life vests, slides & rafts to ensure visibility during day or night.

Categories
Aerospace and Defence News

Body Armor Market size surpassed USD 2 billion in 2020 and is anticipated to grow at over 4% CAGR from 2021 to 2027

Body Armor Market
                                     Body Armor Market

Body Armor Market Size
Body Armor Market size exceeded USD 2 billion in 2020 and is expected to register over 4% CAGR from 2021 to 2027.

The industry shipments will exceed 2 million units by 2027. Increased terrorist attacks in public areas are likely to increase the industry growth. In addition, increased geopolitical tensions will also drive the market.

If body armor can prevent bullets and shrapnel from entering our bodies, then naturally everyone wants to purchase it more. Police officers require armor that is wearable discreetly, and that is increasing demand in this sector. Currently, firearms are an enormous threat for police officers in the US and Canada. Recall that January 2021 attack on the US Capitol? Some 150 police officers were injured that day. Body armor that can halt bullets has the ability to protect officers from handgun and rifle fire. And as more and more officers come under attack, demand for such protection will increase only.

In order to receive major market trends

Growing government investments to develop the defense industry and implement cutting-edge technologies for the military will propel the market presence. In June 2021, the European Union Commission implemented a number of policy initiatives favoring innovation, bullet-proof potential, and competitiveness of the EU defense industry. Through these initiatives, the government will concentrate on supplying high-quality body armors to defense workers to keep them safe at the time of need, boosting the market revenue of body armors and bullet-proof vests.

One of the biggest challenges to the growth of the body armor industry is chronic back pain and injuries due to body armors. The heavy weight and non-ergonomic nature of certain tactical & ballistic body armors have created chronic musculoskeletal pain in soldiers and police officers. At present, firms are working on creating lightweight body armors made of new-age materials, including Kevlar and woven synthetics, to counter the issue of back pain and facilitating movement in military operations.

The COVID-19 pandemic has marginally affected the market in 2020. The impact on the industry can be attributed to the temporary shutdown of various manufacturing firms and a slight decrease in demand for body armors from the law enforcement sector. The pandemic has caused a shortage of resources, such as raw materials and limited manpower, affecting the production of bulletproof vests. Demand for ballistic helmets, masks, and bullet shields picked up in North America in the second half of 2020.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/207/Body-Armor-Market

Body Armor Market Report Attributes
Report Attribute Details
Base Year 2020
Body Armor Market Size in 2020 2 billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 4%
2027 Value Projection 2.5 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 250
Tables, Charts & Figures 422
Segments covered Product, Body Type, End-Use
Growth Drivers
Increase in number of terrorist attacks in public spaces
High emphasis on law enforcement officers’ safety in North America
Growing investments towards the development of the defense industry in Europe
Government agencies targeting the development of the military industry in Asia Pacific
High demand for concealable armors for security forces
Pitfalls & Challenges
Injuries and long-term back pain from body armor
Weight concerns in steel armor
What are the growth opportunities in this market?

Body Armor Market Analysis
The North America tactical armor market dominated the body armor market share with over 40% in 2020. Increased defense budget allocation combined with an increase in the military size in a number of countries will boost the industry growth.

Find out more about the prominent segments influencing this market

The Asia Pacific market for unisex armor is estimated to post a growth rate of more than 5% up to the year 2027. The military and law enforcement agencies are placing emphasis on procuring unisex bulletproof armors with increased flexibility and protection against firearm-based projectiles.

The European defense segment held approximately 50% of the body armor market share in 2020. Increasing demand to shield warfighters and defense personnel against bullets & stab attacks will propel greater product demand. Various defense agencies are focusing on improving personal protection using new armors.

Discover more about the dominant segments driving this market

The size of the North America body armor market stood at USD 700 million in 2020. The upbeat outlook is a result of rising federal government expenditure on the military. Rising research & development of light vests has is driving the industry figures. As per the Stockholm International Peace Research Institute (SIPRI) report 2021, the U.S. defense spending was USD 778 billion in 2020, which grew 4.4% from 2019. In addition to that, increasing worries regarding trade wars and perceived dangers from its rivals will boost the regional market growth.

Body Armor Market Share
Industry players are concentrating on the introduction of next-generation lightweight armors to offer a high level of ballistic protection and greater mobility during tactical missions. For example, in January 2021, Safariland LLC introduced hardwire ballistic panels to ensure maximum comfort and protection. Hardwire incorporates compressed Dyneema fibers to design lightweight level II and IIIA high-performance armors, reinforcing the market trends. The new hardwire ballistic panels can be used in any of Safariland’s tactical and concealable vest designs.

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Key players in the body armor market include

  • Ballistic Body Armor (Pty) Ltd
  • AR500 Armor
  • XTEX Limited
  • Safariland LLC
  • Pacific Safety Systems
  • Point Blank Enterprises
  • Craig International Ballistics Pty Ltd
  • Mehler Vario System GmbH
  • SIOEN Ballistics Oy
  • Seyntex NV
  • Source Vagabond Systems Ltd
  • MKU Ltd.