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Aircraft Evacuation Equipment Market (By Aircraft Type: Commercial Aircraft, Private Aircraft, Military Aircraft and Helicopters; By Equipment: Life Vests, Evacuation Slides, Ejection Seats, Evacuation Rafts and Emergency Floatation; By Fit: Line Fit and Retrofit) - Growth, Future Prospects, and Competitive Landscape, 2017-2025

Aircraft evacuation equipment is used to evacuate the passengers and crew from the aircraft in case of an emergency or mishap. These are the lifesaving devices installed on or made available with the aircraft that allow passengers to safely disembark the aircraft during a hazardous or life-threatening situation. In the year 2016, only 19 plane crashes occurred, which was the second-lowest number in aviation history. In addition, the survival rate of passengers in fatal air crashes and aircraft evacuation situations has increased from 24% in the 2000s to 76% in the current year. Aircraft evacuation equipment has played a key role in raising the survival percentage of passengers. Aircraft evacuation equipment companies have been engaged in developing new methods and improving previously existing methods of aircraft evacuation equipment. Owing to the importance of aircraft evacuation equipment and the consistently growing aviation industry, the demand for aircraft evacuation equipment is expected to grow even further in the following years.

Government organizations, aviation departments, and major airline operators across the globe have formed alliances to develop the framework for the implementation of aircraft evacuation equipment in aircraft for a variety of end-use verticals. Mandates and guidelines have compelled airline companies to install aircraft evacuation equipment. Furthermore, the use of aircraft evacuation equipment in aircraft for defense applications, private aircraft, and helicopters is also on the rise. Crucial aircraft evacuation equipment systems such as ejection seats, life vests, and emergency floatation devices have been proven essential for saving lives in aircraft mishaps. Perpetually developing technology, the rising importance of aircraft evacuation equipment reliability, and a significantly growing aviation industry have all contributed to the consistent growth of the aircraft evacuation equipment market.

The report titled "Aircraft Evacuation Equipment Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025" offers strategic insights into the global aircraft evacuation equipment market with a focus on the market's size and estimates for the duration of 2015–2025. The research study in question includes an in-depth analysis of market segments based on aircraft type, equipment, and fit and a cross-sectional study across various geographies. The study covers the comparative analysis of each sub-segment for the years 2016–2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes competitive profiling of the leading aircraft evacuation equipment manufacturing companies, their strategies, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report include Dart Aerospace, Switlik Parachute Company, Inc., UTC Aerospace Systems, EAM Worldwide, GKN Aerospace Services Limited, NPP Zvezda PAO, Zodiac Aerospace, Mustang Survival, Survival Equipment Services Ltd., Martin-Baker, Trelleborg AB, and Cobham PLC.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the aircraft evacuation equipment industry
  • Market fuelers, market impediments, and their impact on market growth
  • Market inclination insights and key trend analysis for the aircraft evacuation equipment market
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global aircraft evacuation equipment market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global aircraft evacuation equipment market is segmented, based on aircraft type, into the following categories:

  • Commercial Aircrafts
  • Private Aircrafts
  • Military Aircrafts
  • Helicopters

The commercial aircraft segment was the biggest consumer of aircraft evacuation equipment in 2016. Government organizations and the aviation industry have mandated that commercial airline operators install aircraft evacuation equipment in their aircraft. In addition, the installation of aircraft evacuation equipment also helps create a sense of security in the minds of passengers. Consequently, commercial aircraft companies have integrated the installation and upgrade of modern aircraft evacuation equipment in their aircraft. The segment is expected to dominate the overall aircraft evacuation equipment market throughout the forecast period.

Military aircraft were the fastest-growing segment in the aircraft evacuation equipment market in 2016. The race to expand their air defense systems among numerous countries across the world has significantly boosted the demand for military aircraft. This has aided the demand for aircraft evacuation equipment such as life vests, ejection seats, and emergency floatation devices, among others. Ongoing strengthening of air defense and the rising importance of human life in critical situations have resulted in significant growth of this segment in the overall aircraft evacuation equipment market.

The global aircraft evacuation equipment market is segmented, based on equipment type, into the following categories:

  • Life Vest
  • Evacuation Slide
  • Ejection Seat
  • Evacuation Raft
  • Emergency Flotation 

As of 2016, evacuation slides led the type segment in the overall aircraft evacuation equipment market. Evacuation slides have become mandatory aircraft evacuation equipment, irrespective of the type of aircraft. It is an air-filled slide that allows passengers and crew members of an aircraft to get off easily in case of emergency landings. With rising demand for aircraft for commercial as well as other applications, the demand for evacuation slides is also expected to demonstrate consistent growth in the following years.

Life vests and emergency flotation devices trailed the evacuation slides segment in terms of revenue in the overall aircraft evacuation equipment market. In the event of an emergency landing in bodies of water, life vests are critical lifesaving equipment. Life vests have been responsible for saving thousands of lives in the aforementioned situation over the past several decades. Similarly, emergency flotation devices also act as an essential component of the overall aircraft evacuation equipment. Both devices are expected to grow persistently throughout the forecast period, from 2017 to 2025 respectively.

The global aircraft evacuation equipment market is segmented, based on fit, into the following categories:

  • Line fit
  • Retro Fit 

Line-fit aircraft are the aircraft that install the aircraft evacuation equipment during their manufacturing. The companies install evacuation equipment in the aircraft as an integral part of the system. Almost all new aircraft, irrespective of their application, are fitted with aircraft evacuation equipment during their manufacturing. The line-fitting installation is expected to dominate the segment significantly throughout the forecast period.

Retrofit devices are those installed after the manufacturing and sale of the aircraft. The demand for retrofits is declining consistently as new aircraft are already available with preinstalled aircraft evacuation equipment. However, due to regulations, some older aircraft are required to install aircraft evacuation equipment. Thus, the market for the retrofit aircraft evacuation system is declining.

The global aircraft evacuation equipment market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

As of 2016, North America dominated the overall aircraft evacuation equipment market in terms of revenue. The aviation industry in this region, especially in the U.S., has been growing consistently over the past decade. Rising commercial trade and passenger transportation have significantly accelerated the growth of the aviation industry in North America. The presence of major airline companies and aircraft evacuation equipment manufacturers has further bolstered the aircraft evacuation equipment market in the region.

Europe trailed North America in the aircraft evacuation equipment market in terms of revenue. Similar to the North American market, European countries have also experienced growth in the field of the passenger as well as cargo transport. With growing trade and tourism in European countries, the demand for aircraft evacuation equipment is also expected to soar continuously. The Asia Pacific region is expected to demonstrate the fastest growth in the overall aircraft evacuation equipment market. The Asia Pacific region's emerging economies are heavily promoting air travel. Therefore, the market is expected to offer immense growth opportunities for the aircraft evacuation equipment market.

Frequently Asked Questions:

The market for Aircraft Evacuation Equipment is expected to reach Us$ 1.28 Bn in 2025.

The Aircraft Evacuation Equipment market is expected to see significant CAGR growth over the coming years,at 6.2%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Dart Aerospace,Switlik Parachute Company, Inc.,UTC Aerospace Systems,EAM Worldwide,GKN Aerospace Services Limited are some of the major players in the global market.

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Godaddy
Published Date:  Oct 2017
Category:  Aerospace & defense
Report ID:   58766
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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