Aircraft Evacuation Systems Market Size To Expand at a Notable CAGR Of 5% During 2018 – 2023

 Aircraft Evacuation Systems Market is estimated to register a CAGR of more than 5% during the forecast period of 2018 to 2023.

Market Highlights:

The Global Aircraft Evacuation Systems Market has been segmented based on equipment type, aircraft type, application, fit, and region.

Based on equipment type, the aircraft evacuation systems market is divided into evacuation slides, life rafts, emergency floatation system, personal floatation devices and ejection seat. The evacuation slides segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period. The evacuation slides are prerequisite for all commercial aircraft and plays a vital during emergency evacuation in both ground and water. Some slides can even be transformed into rafts.

Based on aircraft type, the aircraft evacuation systems market is divided into fixed wing and rotary wing. The fixed segment is estimated to account for the largest market share while the rotary wing segment is projected to witness a higher CAGR during the forecast period. The rotary wing aircraft are highly maneuverable and are used navigate in tough terrains. This necessitates an effective evacuation system during rough landings and survivable crashes.

Based on application, the aircraft evacuation systems market is divided into commercial and military. The commercial segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. According to Boeing’s Current Market Outlook 2018, the global fleet size of commercial aircraft is anticipated to reach 42,730 aircraft by 2037. Increasing demand for commercial aircraft globally is positively influencing the aircraft evacuation market.

Based on fit, the aircraft evacuation systems market is divided into line-fit and retrofit. The line-fit segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. This is due to the rapid procurement of both commercial and combat aircraft throughout the world to meet the growing passenger traffic and enhancing defense capabilities respectively.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increase in indigenous combat and commercial aircraft production in the Asia Pacific region. China, India, and Japan are key markets for aircraft evacuation systems in this region.

Key Players:

The key players in the global aircraft evacuation systems market are DART Aerospace (Canada), EAM Worldwide (US), Martin-Baker Aircraft Co. Ltd. (UK), NPP Zvezda, AO (Russia), Safran S.A. (France), Survival Equipment Services Ltd. (UK), Switlik Inc. (US), The MEL Group (UK), Tulmar Safety Systems Inc. (Canada), and UTC Aerospace Systems (US).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/aircraft-evacuation-systems-market-7061

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more