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.
| Buy this Premium Research Report to explore detailed market trends – https://www.marketinsightsresearch.com/report/buy_now/6/208/Aircraft-Evacuation-Market |
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.
