The aircraft evacuation market has grown strongly in recent years. It will grow from $1.59 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to several factors, including stringent safety regulations, the surge in air travel, a heightened emphasis on passenger safety, competitiveness within the airline industry, and the formation of global airline alliances.
The aircraft evacuation market is expected to see strong growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period is expected to be driven by increasing air passenger traffic, advancements in evacuation systems, regulatory emphasis on evacuation standards, a concentrated focus on accessibility, and global collaboration concerning safety measures. Major trends projected in this period encompass innovations in evacuation systems, the integration of smart technologies, an emphasis on lightweight and compact designs, the development of enhanced training simulators, and the incorporation of evacuation technologies in aircraft design.
The escalating air passenger traffic is anticipated to significantly contribute to the growth of the aircraft evacuation market in the future. Air passenger traffic denotes individuals or businesses primarily engaged in transporting people via aircraft in interstate commerce. The increasing volume of air passengers plays a crucial role in the aircraft evacuation market by emphasizing the importance of evacuation devices and processes that safeguard passengers' lives during flights. For instance, in March 2022, the International Air Transport Association (IATA), a Canada-based association supporting airline activities and formulating industry policies and standards, projected a surge in worldwide air passengers, reaching pre-COVID-19 levels with an estimated 4.0 billion passengers by 2024 (inclusive of multi-sector connecting flights counted as one passenger). This projection reflects a significant increase compared to the total number of travelers in 2021 (47% higher) and estimates for 2022 (83% higher). Hence, the escalating air passenger traffic is a driving force behind the growth of the aircraft evacuation market.
The increasing frequency of aviation accidents is also expected to propel the growth of the aircraft evacuation market. Aviation accidents, also referred to as air crashes or aircraft accidents, encompass unfortunate events involving aircraft resulting in damage, injury, or fatalities. The implementation of aircraft evacuation strategies during aviation accidents holds paramount importance as it facilitates a swift and efficient escape from potentially perilous situations. For example, as reported by The International Air Transport Association in June 2022, commercial aviation accidents surged from 29 in 2021 to 39 in 2022, with the accident rate rising from 1.13 per million sectors in 2021 to 1.21 in 2022. Consequently, the escalating number of aviation accidents acts as a catalyst for the growth of the aircraft evacuation market.
Product innovation has emerged as a dominant trend within the aircraft evacuation market, driving major companies to focus on developing groundbreaking solutions to solidify their market positions. For instance, in December 2021, Mallaghan Engineering, Ltd., a UK-based producer of airport ground support equipment, unveiled a novel 6x6 fire rescue stair specifically designed for airport ground support. This innovative stair system offers a spacious platform ensuring safe working conditions, high driving stability, and numerous additional functionalities. The Mallaghan Fire Rescue Stair was engineered to facilitate swift emergency evacuation of aircraft passengers in critical situations.
Significant players in the aircraft evacuation market are prioritizing collaboration and partnerships to offer dependable services to their clientele. Strategic partnerships, involving structured affiliations between multiple enterprises via business agreements or contracts, are being leveraged for enhanced service delivery. For instance, in October 2023, Hong Kong Aircraft Engineering Company Limited (HAECO), a Hong Kong-based aircraft engineering and maintenance company, inked an agreement with Safran AeroSystems, a France-based provider of on-board fuel and fluid systems. This groundbreaking agreement grants HAECO's Component Repair and Overhaul (CRO) division the authority to augment the capacity of the evacuation slide on the C919 aircraft, a move aimed at advancing maintenance capabilities.
In June 2022, Air Partner, a UK-based international aviation services group, collaborated with Kenyon International Emergency Services, a US-based disaster management company offering a comprehensive range of emergency response services. This partnership aims to develop and implement tailored air evacuation plans tailored to provide comprehensive care for individuals during times of disasters, showcasing a proactive approach to emergency preparedness and response.
Major companies operating in the aircraft evacuation market report are EAM Worldwide, Martin-Baker Aircraft Co Ltd., Trelleborg AB, GKN Aerospace Services Limited, Cobham Limited, Dart Aerospace, Survival Equipment Services Ltd., Zodiac Aerospace SA, United Technologies Corporation Pratt & Whitney division, NPP Zvezda, Astronics Corporation, Safran SA, Tulmar Safety Systems, Rockwell Automation Inc., Japan Aircraft Manufacturing Co Ltd., Mustang Survival Corp., Goodrich Corporation, Switlik Parachute Company Inc., Ejection Tie Club, Esterline Corporation, LMS Technologies, Sogerma SAS, Air Cruisers Company, Norsafe AS, Aviation Survival Technologies, Beacon Falls Rubber Company, Bendix Commercial Vehicle Systems LLC, Boeing Defense Space & Security, Collins Aerospace, Eagle Parachute Systems, Hamilton Sundstrand, Honeywell Aerospace, Leach International, Meggitt Aerospace.
North America was the largest region in the aircraft evacuation market in 2023. The regions covered in the aircraft evacuation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft evacuation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of aircraft evacuation equipment include life vests, evacuation slides and rafts, ejection seats, and emergency floatation devices. Life vests are wearable cardioverter defibrillators (WCDs) designed for individuals at risk of cardiac arrest. These devices come in various fits such as line fit and retrofit, catering to a range of aircraft types, including narrow-body, wide-body, very large aircraft, business jets, regional transport aircraft, fighter jets, and helicopters.
The aircraft evacuation market research report provides aircraft evacuation market statistics, including aircraft evacuation industry global market size, regional shares, competitors with a aircraft evacuation market share, detailed aircraft evacuation market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft evacuation industry. This aircraft evacuation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft evacuation market consists of sales of air ambulances and portable medical isolation units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aircraft evacuation market is expected to see strong growth in the next few years. It will grow to $2.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period is expected to be driven by increasing air passenger traffic, advancements in evacuation systems, regulatory emphasis on evacuation standards, a concentrated focus on accessibility, and global collaboration concerning safety measures. Major trends projected in this period encompass innovations in evacuation systems, the integration of smart technologies, an emphasis on lightweight and compact designs, the development of enhanced training simulators, and the incorporation of evacuation technologies in aircraft design.
The escalating air passenger traffic is anticipated to significantly contribute to the growth of the aircraft evacuation market in the future. Air passenger traffic denotes individuals or businesses primarily engaged in transporting people via aircraft in interstate commerce. The increasing volume of air passengers plays a crucial role in the aircraft evacuation market by emphasizing the importance of evacuation devices and processes that safeguard passengers' lives during flights. For instance, in March 2022, the International Air Transport Association (IATA), a Canada-based association supporting airline activities and formulating industry policies and standards, projected a surge in worldwide air passengers, reaching pre-COVID-19 levels with an estimated 4.0 billion passengers by 2024 (inclusive of multi-sector connecting flights counted as one passenger). This projection reflects a significant increase compared to the total number of travelers in 2021 (47% higher) and estimates for 2022 (83% higher). Hence, the escalating air passenger traffic is a driving force behind the growth of the aircraft evacuation market.
The increasing frequency of aviation accidents is also expected to propel the growth of the aircraft evacuation market. Aviation accidents, also referred to as air crashes or aircraft accidents, encompass unfortunate events involving aircraft resulting in damage, injury, or fatalities. The implementation of aircraft evacuation strategies during aviation accidents holds paramount importance as it facilitates a swift and efficient escape from potentially perilous situations. For example, as reported by The International Air Transport Association in June 2022, commercial aviation accidents surged from 29 in 2021 to 39 in 2022, with the accident rate rising from 1.13 per million sectors in 2021 to 1.21 in 2022. Consequently, the escalating number of aviation accidents acts as a catalyst for the growth of the aircraft evacuation market.
Product innovation has emerged as a dominant trend within the aircraft evacuation market, driving major companies to focus on developing groundbreaking solutions to solidify their market positions. For instance, in December 2021, Mallaghan Engineering, Ltd., a UK-based producer of airport ground support equipment, unveiled a novel 6x6 fire rescue stair specifically designed for airport ground support. This innovative stair system offers a spacious platform ensuring safe working conditions, high driving stability, and numerous additional functionalities. The Mallaghan Fire Rescue Stair was engineered to facilitate swift emergency evacuation of aircraft passengers in critical situations.
Significant players in the aircraft evacuation market are prioritizing collaboration and partnerships to offer dependable services to their clientele. Strategic partnerships, involving structured affiliations between multiple enterprises via business agreements or contracts, are being leveraged for enhanced service delivery. For instance, in October 2023, Hong Kong Aircraft Engineering Company Limited (HAECO), a Hong Kong-based aircraft engineering and maintenance company, inked an agreement with Safran AeroSystems, a France-based provider of on-board fuel and fluid systems. This groundbreaking agreement grants HAECO's Component Repair and Overhaul (CRO) division the authority to augment the capacity of the evacuation slide on the C919 aircraft, a move aimed at advancing maintenance capabilities.
In June 2022, Air Partner, a UK-based international aviation services group, collaborated with Kenyon International Emergency Services, a US-based disaster management company offering a comprehensive range of emergency response services. This partnership aims to develop and implement tailored air evacuation plans tailored to provide comprehensive care for individuals during times of disasters, showcasing a proactive approach to emergency preparedness and response.
Major companies operating in the aircraft evacuation market report are EAM Worldwide, Martin-Baker Aircraft Co Ltd., Trelleborg AB, GKN Aerospace Services Limited, Cobham Limited, Dart Aerospace, Survival Equipment Services Ltd., Zodiac Aerospace SA, United Technologies Corporation Pratt & Whitney division, NPP Zvezda, Astronics Corporation, Safran SA, Tulmar Safety Systems, Rockwell Automation Inc., Japan Aircraft Manufacturing Co Ltd., Mustang Survival Corp., Goodrich Corporation, Switlik Parachute Company Inc., Ejection Tie Club, Esterline Corporation, LMS Technologies, Sogerma SAS, Air Cruisers Company, Norsafe AS, Aviation Survival Technologies, Beacon Falls Rubber Company, Bendix Commercial Vehicle Systems LLC, Boeing Defense Space & Security, Collins Aerospace, Eagle Parachute Systems, Hamilton Sundstrand, Honeywell Aerospace, Leach International, Meggitt Aerospace.
North America was the largest region in the aircraft evacuation market in 2023. The regions covered in the aircraft evacuation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft evacuation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of aircraft evacuation equipment include life vests, evacuation slides and rafts, ejection seats, and emergency floatation devices. Life vests are wearable cardioverter defibrillators (WCDs) designed for individuals at risk of cardiac arrest. These devices come in various fits such as line fit and retrofit, catering to a range of aircraft types, including narrow-body, wide-body, very large aircraft, business jets, regional transport aircraft, fighter jets, and helicopters.
The aircraft evacuation market research report provides aircraft evacuation market statistics, including aircraft evacuation industry global market size, regional shares, competitors with a aircraft evacuation market share, detailed aircraft evacuation market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft evacuation industry. This aircraft evacuation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft evacuation market consists of sales of air ambulances and portable medical isolation units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aircraft Evacuation Market Characteristics3. Aircraft Evacuation Market Trends and Strategies31. Global Aircraft Evacuation Market Competitive Benchmarking32. Global Aircraft Evacuation Market Competitive Dashboard33. Key Mergers and Acquisitions in the Aircraft Evacuation Market
4. Aircraft Evacuation Market - Macro Economic Scenario
5. Global Aircraft Evacuation Market Size and Growth
6. Aircraft Evacuation Market Segmentation
7. Aircraft Evacuation Market Regional and Country Analysis
8. Asia-Pacific Aircraft Evacuation Market
9. China Aircraft Evacuation Market
10. India Aircraft Evacuation Market
11. Japan Aircraft Evacuation Market
12. Australia Aircraft Evacuation Market
13. Indonesia Aircraft Evacuation Market
14. South Korea Aircraft Evacuation Market
15. Western Europe Aircraft Evacuation Market
16. UK Aircraft Evacuation Market
17. Germany Aircraft Evacuation Market
18. France Aircraft Evacuation Market
19. Italy Aircraft Evacuation Market
20. Spain Aircraft Evacuation Market
21. Eastern Europe Aircraft Evacuation Market
22. Russia Aircraft Evacuation Market
23. North America Aircraft Evacuation Market
24. USA Aircraft Evacuation Market
25. Canada Aircraft Evacuation Market
26. South America Aircraft Evacuation Market
27. Brazil Aircraft Evacuation Market
28. Middle East Aircraft Evacuation Market
29. Africa Aircraft Evacuation Market
30. Aircraft Evacuation Market Competitive Landscape and Company Profiles
34. Aircraft Evacuation Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aircraft evacuation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aircraft evacuation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Equipment Type: Life Vest; Evacuation Slide And Raft; Ejection Seat; Emergency Floatation
2) By Fit: Line Fit; Retrofit
3) By Aircraft Type: Narrow-Body Aircraft; Wide-Body Aircraft; Very Large Aircraft; Business Jet; Regional Transport Aircraft; Fighter Jet; Helicopter
Key Companies Mentioned: EAM Worldwide; Martin-Baker Aircraft Co Ltd.; Trelleborg AB; GKN Aerospace Services Limited; Cobham Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- EAM Worldwide
- Martin-Baker Aircraft Co Ltd.
- Trelleborg AB
- GKN Aerospace Services Limited
- Cobham Limited
- Dart Aerospace
- Survival Equipment Services Ltd.
- Zodiac Aerospace SA
- United Technologies Corporation Pratt & Whitney division
- NPP Zvezda
- Astronics Corporation
- Safran SA
- Tulmar Safety Systems
- Rockwell Automation Inc.
- Japan Aircraft Manufacturing Co Ltd.
- Mustang Survival Corp.
- Goodrich Corporation
- Switlik Parachute Company Inc.
- Ejection Tie Club
- Esterline Corporation
- LMS Technologies
- Sogerma SAS
- Air Cruisers Company
- Norsafe AS
- Aviation Survival Technologies
- Beacon Falls Rubber Company
- Bendix Commercial Vehicle Systems LLC
- Boeing Defense Space & Security
- Collins Aerospace
- Eagle Parachute Systems
- Hamilton Sundstrand
- Honeywell Aerospace
- Leach International
- Meggitt Aerospace
Methodology
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