Startview Research has launched a market research report titled ‘Aircraft Evacuation Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guiding where to invest, giving users detailed information about company profiles, etc. This report provides reliable and accurate market data, that can work as the key to the growth of any business. The report estimates future trends, challenges, linchpins, opportunities, revenue, and future sales count in the target market along with forecasting for a 5-year period.

According to this report, the aircraft evacuation market is likely to witness an impressive CAGR of 7.2% during the forecast period. A rise in situational awareness to execute operations and an increase in demand for real-time analytics are the prime factors that are expected to bolster the growth of the global aircraft evacuation market during the forecast period.

Market Segments' Analysis

Stratview Research has bifurcated the Aircraft Evacuation Market by the following –

·       Equipment Type (Life Vest, Evacuation Slide, Ejection Seat, Evacuation Raft, and Emergency Flotation),

·       Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Business Jet, Regional Transport Aircraft, Fighter Jet, and Helicopter),

·       Fit Type (Linefit, Retrofit),

·       Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Based on the equipment type, the market is segmented as life vest, evacuation slide, ejection seat, evacuation raft, and emergency flotation. The evacuation slide segment is expected to register the highest growth in the coming five years. Further, the segment is projected to lead the market owing to the extensive adoption rate of evacuation slides, which is 100% in all commercial passenger aircraft coupled with an increased demand for new aircraft.

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, business jet, regional transport aircraft, fighter jet, and helicopter. The narrow-body aircraft segment was expected to remain dominant in 2018, and is estimated to sustain its dominance during the forecast period. Boeing’s Current Market Outlook 2017, estimated, the current global fleet size of narrow-body aircraft which is 14,870, to reach the unprecedented milestone of 32,280 aircraft by 2035. Asia and North America account for the largest fleet of narrow-body aircraft with 4,540 and 4,010 aircraft, respectively. Rise in demand for narrow-body aircraft across the globe is stimulating the aircraft evacuation market.  

Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment dominated the market and is expected to maintain its dominance during the forecast period. The growth of this segment is owing to the continuous increase in demand generated by new aircraft orders globally.

In terms of regions, North America was estimated to remain dominant in the aircraft evacuation market in 2018. The aviation industry is one of the most lucrative industries in North America, with the presence of giant aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Bell Helicopter (U.S.), Lockheed Martin (U.S.), and Sikorsky Aircraft (U.S.) in the region. The market is driven by the demand for aircraft evacuation, generated by these manufacturers. Further, airlines are also playing a pivotal role in creating the demand for aircraft evacuation through the retrofit segment. North America is expected to sustain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer sizeable growth

opportunities during the forecast period.

Key Players

• Cobham plc

• Dart Aerospace Ltd.

• EAM Worldwide

• GKN Aerospace Services Limited

• Martin-Baker Aircraft Co. Ltd.

• NPP Zvezda PAO

• Survival Equipment Services Ltd.

• Trelleborg AB

• Zodiac Aerospace.

Market Features

This report on the Aircraft Evacuation Market is one of the important tools with the help of which the users can obtain a well perspective and understanding of the target market and customer. The details in the report cover Covid19 impact on the market and also predict how long will it take to recoup which aids in reducing business failures.

-        Trend analysis, pricing, and competitive analysis are some of the vital factors covered in this report.

-        This report consists of an in-depth analysis of the market to help businesses in improving decision-making.

-        Aircraft Evacuation Market report aims at evaluating future sales as well as trends for the prediction period of 5 years.

-        This report helps to keep the users updated with key changes that take place in the present market.

With all this information provided by Stratview Research; market players can expand their business effectively.

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