NEW YORK, Sept. 13, 2017 /PRNewswire/ -- "Increase in
demand for new aircraft is one of the most significant factors
driving the aircraft evacuation market"
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The aircraft evacuation market is projected to grow from
USD 1.30 billion in 2017 to
USD 1.73 billion by 2022, at a CAGR
of 5.96% during the forecast period. This growth can be attributed
to factors, such as increase in demand for aircraft, safety drills,
and inadvertent slide deployments, among others. However,
authorization from FAA and local aircraft regulatory bodies
pertaining to aircraft evacuation is anticipated to restrain the
growth of this market.
"Based on aircraft type, the narrow body segment is estimated to
account for the largest share of the aircraft evacuation market in
2017"
By aircraft type, the narrow body segment is estimated to account
for the largest share of the aircraft evacuation market in 2017.
Increase in demand for low cost carriers is one of the factors
driving the demand for narrow body aircraft, globally. According to
Boeing's Outlook 2017, the global fleet size of narrow body
aircraft is 14,870. By the end of 2035, the global fleet size of
narrow body aircraft is expected to reach 32,280. The number of
narrow body aircraft deliveries between 2015 and 2035 is expected
to be 28,100, of which, Asia is
expected to account for almost 38% of the total expected deliveries
by 2035. This growth can be attributed to the increase in demand
for narrow body aircraft and rise in adoption rate of aircraft
evacuation in these aircraft.
"Based on fit, the linefit segment is estimated to account for
the largest share of the aircraft evacuation market during the
forecast period"
Based on fit, the linefit segment is estimated to lead the of
aircraft evacuation market during the forecast period.Growth of the
linefit segment can be attributed to the small share of the
retrofit market due to high product life cycle, which is leading to
less replacement.
"North America is estimated to
account for the largest share of the aircraft evacuation market in
2017 and the Asia-Pacific aircraft
evacuation market is projected to grow at the highest CAGR during
the forecast period"
North America is estimated to
account for the largest share of the aircraft evacuation market in
2017. Major aircraft manufacturers, such as Boeing (U.S.),
Bombardier (Canada), Lockheed
Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft
(U.S.), among others, are based in this region, and they generate
huge demand for aircraft evacuation. North America is also estimated to lead the
aircraft evacuation market during the forecast period, in terms of
market share. Moreover, the Asia-Pacific aircraft evacuation market is
projected to grow at the highest CAGR during the forecast period,
owing to emerging aircraft manufacturers, such as COMAC
(China) and Mitsubishi Aircraft
Corporation (Japan), among others.
Furthermore, economic growth of countries in the region, increased
air travel, rising in air passenger traffic, and increased need of
new aircraft are few other considerable reasons for the growth of
the Asia-Pacific aircraft
evacuation market.
Break-up of profile of primary participants in the aircraft
evacuation market:
• By Company Type - Tier 1 – 30%, Tier 2 – 35%, and Tier 3 –
35%
• By Designation – C Level – 32%, Director Level – 38%, and Others
– 30%
• By Region – North America - 27%,
Europe – 18%, Asia-Pacific – 46%, and RoW – 9%
Major companies profiled in the report include Zodiac Aerospace
(France), Martin-Baker (U.K.), UTC
Aerospace Systems (U.S.), EAM Worldwide (U.S.), NPP Zvezda Pao
(Russia), Trelleborg AG
(Sweden), and GKN Aerospace
Service Limited (U.K.), among others.
Research Coverage:
This research report categorizes the aircraft evacuation market on
the basis of aircraft type (narrow body aircraft, wide body
aircraft, very large aircraft, regional transport aircraft,
business jet, helicopter, and fighter jet), equipment type (life
vest, evacuation slide, ejection seat, evacuation raft, and
emergency flotation), and fit (linefit and retrofit). These
segments and subsegments are further mapped across major regions,
namely, North America,
Europe, Asia-Pacific, Middle
East, and the Rest of the World (RoW).
Reasons to buy this report:
From an insight perspective, this research report has focused on
various levels of analyses —industry analysis (industry trends),
market share analysis of top players, vendor dive matrix, and
company profiles, which together comprise and discuss basic views
on the competitive landscape, emerging and high-growth segments of
the aircraft evacuation market, high-growth regions, and market
drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on aircraft
evacuation offered by top players in the market
• Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new
product launches in the aircraft evacuation market
• Market Development: Comprehensive information about lucrative
markets – the report analyzes the aircraft evacuation market across
varied regions
• Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the aircraft evacuation market
• Competitive Assessment: In-depth assessment of market shares,
growth strategies, products, and manufacturing capabilities of
leading players in the aircraft evacuation market
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