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Aircraft Evacuation Equipment - Global Market Trajectory & Analytics

  • ID: 4805165
  • Report
  • April 2021
  • Region: Global
  • 298 Pages
  • Global Industry Analysts, Inc
Global Aircraft Evacuation Equipment Market to Reach $2 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Evacuation Equipment estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Life Vest, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$478.7 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 Evacuation Slide segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $390.9 Million, While China is Forecast to Grow at 7.5% CAGR

The Aircraft Evacuation Equipment market in the U.S. is estimated at US$390.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$410.4 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Ejection Seat Segment to Record 4.1% CAGR

In the global Ejection Seat segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$86.1 Million in the year 2020 will reach a projected size of US$111.2 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$267.4 Million by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Cobham PLC
  • Dart Aerospace Ltd.
  • EAM Worldwide
  • GKN Aerospace
  • Martin-Baker Aircraft Co. Ltd.
  • Mustang Survival ULC
  • NPP Zvezda
  • Survival Equipment Services SES
  • Trelleborg AB
  • UTC Aerospace Systems
  • Zodiac Aerospace
Frequently Asked Questions about the Global Market for Aircraft Evacuation Equipment

What is the estimated value of the Global Market for Aircraft Evacuation Equipment?

The Global Market for Aircraft Evacuation Equipment was estimated to be valued at $1.4 Billion in 2020.

What is the growth rate of the Global Market for Aircraft Evacuation Equipment?

The growth rate of the Global Market for Aircraft Evacuation Equipment is 5.2%, with an estimated value of $2.0 Billion by 2027.

What is the forecasted size of the Global Market for Aircraft Evacuation Equipment?

The Global Market for Aircraft Evacuation Equipment is estimated to be worth $2.0 Billion by 2027.
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  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Product Overview
  • Emergency Evacuation: A Definition
  • Emergency Flotation System
  • Evacuation Slide
  • Evacuation Raft
  • Ejection Seat
  • Robust Outlook for Commercial Aviation Provides the Cornerstone for Growth in the Aircraft Evacuation Systems Market
  • Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain: Global Commercial Airline Revenue (In US$ Billion) for the Years 2017, 2019 and 2022
  • Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Evacuation Systems: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
  • Recent Rise in Aircraft Crashes Spurs Demand for Emergency Aircraft Landing Equipment
  • Ever-Present Airplane Accident Risk Which Spiked in 2017 Redoubles the Focus on Emergency Landing Equipment: Global Number of Accidents Per Million Departures 2014 through 2018
  • Technologically Advanced, Lightweight Evacuation Systems to Emerge as Key Revenue Spinners in the Market
  • Increasing Number of Fighter Jets & Bomber Planes in the Military Drives Demand for Ejection Seats
  • Strengthening Airpower of Military Bases Worldwide to Translate Into Exciting Opportunities for Ejection Seats: Global Number of Fighters & Interceptors, Attack Aircraft, Transports & Attack Helicopters by Country for the Year 2019
  • Stringent Aircraft Safety & Evacuation Regulations Adds Regulatory Driven Stability to Growth
  • Growing Role of Situational Awareness in Aviation Supported by Technology Innovations Amplifies the Importance of Evacuation Systems
  • Commercial Significance of Emergency Floatation Systems (EFS) Following the Hudson River Crash Landing in 2009, Benefits Growth in the Market
  • As the Largest End-User of EFS, the Sizable Base of Helicopters Worldwide Spurs Opportunities for the Installations of Emergency Floatation Systems (EFS): Helicopter Fleet in Select Countries Worldwide for the Year 2019
  • Continuous Innovations Especially in Automatic Evacuation Slides to Benefit Growth in the Market
  • Growing Base of Aircraft Fleet & the Ensuing MRO of Safety Equipment to Spur Frequency of Replacements & Upgrades
  • Expanding Global Fleet Size to Benefit Opportunities for Replacements & Upgrades of Safety Equipment in the MRO Market: Global Aircraft Fleet Size (In Units) by Geographic Region for the Years 2017, 2019, 2024, 2029 and 2037

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