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Aircraft Fire Protection Systems - Global Market Trajectory & Analytics

  • ID: 4805163
  • Report
  • April 2021
  • Region: Global
  • 286 pages
  • Global Industry Analysts, Inc
Global Aircraft Fire Protection Systems Market to Reach $1.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Fire Protection Systems estimated at US$969.2 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Fire Detection System, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$591.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alarm & Warning System segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $261.6 Million, While China is Forecast to Grow at 6.3% CAGR

The Aircraft Fire Protection Systems market in the U.S. is estimated at US$261.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$256.5 Million by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Fire Suppression System Segment to Record 2.8% CAGR

In the global Fire Suppression System segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$238.9 Million in the year 2020 will reach a projected size of US$281.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$170.9 Million by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Advanced Aircraft Extinguishers, Ltd.
  • Aerocon Engineering
  • Amerex Instruments, Inc.
  • Diehl Stiftung & Co. KG
  • Gielle Group
  • H3R Aviation, Inc.
  • Halma PLC
  • Meggitt PLC
  • Siemens AG
  • United Technologies Corporation (UTC)
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Increasing Focus on Air Travel Safety and Need to Curb Fire-related Incidents Fuels Growth in Aircraft Fire Protection Systems Market
  • With Aircraft Manufacturers Shifting Focus onto Asia-Pacific, Tremendous Growth Potential Exists for Aircraft Fire Protection Systems Market
  • Competition
  • Exhibit 1: Global Aircraft Fire Protection System Market: Percentage Breakdown of Revenue by Leading Players for 2019E
  • Impact of Covid-19 and a Looming Global Recession
  • Risk of Fire Accidents in Aircrafts and the Need to Ensure Passenger Safety Drives Demand for Fire Protection Systems
  • Recent Rise in Lithium-Ion Battery Fires on Airplanes: A Cause of Concern
  • Anticipated Rise in Aircraft Orders Against the Backdrop of Increasing Passenger Traffic Bodes Well for Aircraft Fire Protection Systems Market
  • Exhibit 2: Number of Annual Aircraft Orders for Airbus and Boeing for the Period 2010-2018
  • Exhibit 3: Number of New Commercial Aircraft Deliveries by Size for the Period 2018-2037
  • Rising Demand for Air Travel and Increase in Air Passenger Traffic Necessitate New Aircrafts, Presetting Favorable Outlook for Fire Protection Systems
  • Exhibit 4: Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040
  • Exhibit 5: Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019
  • Exhibit 6: Growing Worldwide Air Passenger Traffic: Number of Scheduled Passengers Boarded in Millions by Airlines for the Period 2004-2019
  • Fire Protection Systems Essential for Aircraft Engines
  • Aircraft Industry Continues to Search for Alternatives to Replace Halon in Fire Extinguishing Systems
  • EASA Intends to Ban Use of Halon Fire Extinguishers in Aircrafts
  • Fire Protection in Aircraft Hangars: A Significant Area of Focus
  • New Fire-Resistant Cargo Containers: Ensuring Greater Safety for Aircrafts
  • PRODUCT OVERVIEW
  • Fire Risks in Aircrafts
  • Aircraft Fire Protection System
  • Fire Detectors
  • Fire Extinguishers
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown
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