Aircraft Evacuation Market to offer a healthy CAGR of 7.2% during 2020-25
February 14, 2020
Aircraft Evacuation Market Overview:
Aircraft evacuation market is likely to witness an impressive CAGR of 7.2% during the forecast period. Rise in situational awareness to execute operations and 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.
Report Overview:
This new report from Stratview Research analyses the Aircraft Evacuation Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Evacuation Market Segment Insights:
Evacuation Slide: The growth engine
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.
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https://www.stratviewresearch.com/toc/557/aircraft-evacuation-market.html
Dominance of: Narrow-body aircraft and Linefit
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.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft evacuation market are Cobham plc, Dart Aerospace Ltd., EAM Worldwide, GKN Aerospace Services Limited, Martin-Baker Aircraft Co. Ltd., NPP Zvezda PAO, Survival Equipment Services Ltd., Survival Equipment Services Ltd., Trelleborg AB, and Zodiac Aerospace.
Regional Hegemony of North America
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.
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