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Aircraft Evacuation Market By Product, Platform, Distribution Channel, Rotary Wing, Industry Analysis Report, Regional Outlook, Forecast, 2025

Author : Ronak Bora | Published Date : 2019-05-20 

The global aircraft evacuation market is experiencing a transformational shift in dynamics in the recent times owing to the stringent regulations from government for passenger safety. As per the European Transport Safety Council, close to 90% of the commercial airplane accidents are technically survivable.

 A rise in adoption and implementation of advanced systems for reducing fatalities in emergency landing or accidents will also enhance the industry growth. Escalating military expenditure around the world will also serve to boost the aircraft evacuation market size. Validating the increasing military expenditure, the U.S. government had allocated about USD 700 billion for defense sector in 2018.

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As per the statistics from the World Bank Group, the total number of air passengers reached 3.98 billion in 2017, with a growth of about 7.5% as compared to 2016. The penetration of new entrants in the aviation industry and the and robust efforts by established firms to deliver high-grade aircraft will further enhance the growth of aircraft evacuation market. Commercial Aircraft Corporation of China (COMAC) for instance, announced in February 2018, that the company will deliver its first C919 single-aisle jet by 2021.

Stringent government regulations for passenger safety will drive the aircraft evacuation market size over forecast period. According to the European Transport Safety Council, around 90% commercial airplane accidents categorized are technically survivable. Implementation of advanced systems to reduce fatalities in accidents or emergency landing will enhance product demand.

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Proliferating military expenditure across the globe will propel aircraft evacuation market size. In 2018, the U.S. government allocated around USD 700 billion for defense sector. Further, rising passenger traffic will augment industry growth. According to the World Bank Group, in 2017, total air passengers reached 3.98 billion with an increase of around 7.5% as compared to 2016.

Fixed wing platform leads aircraft evacuation market share owing to increasing demand for commercial aircrafts to accommodate air passengers. Emergence of new industry players in aviation industry will enhance segment penetration over study timeframe. In February 2018, Commercial Aircraft Corporation of China (COMAC) announced the delivery of its first C919 single-aisle jet by 2021.

The rising number of airplane deliveries will also serve to augment the industry growth in the years to come. For example, Boeing announced in 2018 that the company would deliver about 42,730 aircrafts by 2037. The increasing number of airplane fleets will thus establish a lucrative growth opportunity for aircraft evacuation market players.

Accomplishments such as the aforementioned are anticipated to further strengthen the goodwill and trust factor of the company, which in turn will assist the firm to enhance its position in the aircraft evacuation market.

Major market players include EAM Worldwide, Martin-Baker Co. Ltd, Survitec Group Limited and Survival Equipment Services. Partnerships and joint ventures are among the prominent strategies adopted by the industry participants to expand their presence in the marketplace.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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