-- Market Research Future published a research report on the global aircraft evacuation systems market that contains information from 2018 to 2023. The market is expected to register a CAGR of over 5% during the review period.
Regional Analysis:
North America, Europe, Asia-Pacific, and Rest of the World are the various regions considered in this report. The global aircraft evacuation systems market is projected to register an over 5% CAGR from 2018 to 2023.
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The North American market for aircraft evacuation systems is expected to grow substantially during the forecast period. In 2017, the North American market accounted for the largest share. It houses two main countries, namely the US and Canada. The sheer existence of major players such as UTC Aerospace Systems, EAM, among others, result in the dominance of this region in the global market. Furthermore, players in this region are focusing on developing advanced technologies and lightweight evacuation systems. These initiatives impart market growth.
In Europe, market growth is driven by the UK, Germany, France, and Russia. This region has some of the prominent combat aircraft manufacturers, namely, Sukhoi, Saab, Dassault, Leonardo, and BAE systems and top defense spenders such as Russia, France UK, Germany, and Italy. These countries collectively spent nearely USD 250 billion in 2017. Furthermore, countries such as Russia and France are keen on developing advanced fighter jets which creates promising growth opportunities for the market players.
Rest of the World covers the Middle East & Africa and Latin America. The market in the Middle East & Africa is projected to register significant growth during the forecast period. Factors such as ongoing territorial conflicts and focus on disrupting terrorist activities are prompting countries such as Saudi Arabia to boost the defense expenditure which subsequently generates demand new combat aircraft. This, in turn, influences the aircraft evacuation systems market growth in this region. Meanwhile in Latin America, increase in passenger traffic in countries such as Brazil and Mexico will necessitate new aircraft procurement and eventually drive the growth of the aircraft evacuation systems market in this region.
Asia-Pacific is projected to be fastest-growing regional aircraft evacuation systems market during the review period. China, Japan, and India are expected to contribute significantly to the growth of the regional market. China accounted for the largest market share in 2017. With an increasing focus towards developing and procuring modern commercial and advanced combat aircraft, there would be a greater need for integrating aircraft evacuation systems, which is expected to drive market growth in the region. Moreover, over the last few years, there has been significant investments in R&D by defense organizations in China and India to indigenously develop combat aircraft, which creates further growth opportunities.
Key Players:
We recognize the key players in the global aircraft evacuation systems market as 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).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis, for the leading competitors; it also offers a profile on the key market players. The report assists in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises a basic assessment of the competitive scenarios and strategies in the global aircraft evacuation systems market, including high-growth regions and/or countries and the political and economic environment. The project report further provides historical market values and pricing and cost analysis.
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