The aircraft evacuation system is one of the specialty equipment for emergency evacuation used majorly in the defense industry. It also has strong demand from the commercial sector, specifically for evacuation slides with the rising crash landing of commercial flights. Such equipment includes emergency flotation systems, ejection seats, and life vests, among others. Increasing defense expenditure and the focus of government bodies and manufacturers towards air safety are playing a key role in the growth of the aircraft evacuation system market. Further, lowering prices with rising competition and increasing material quality is enhancing the aircraft evacuation system strength. Furthermore, a rise in military aircraft procurement across the world, boosting the aircraft evacuation system market demand.
MARKET SCOPE
The "Global Aircraft Evacuation System Market Analysis to 2028"? is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Aircraft Evacuation System market with detailed market segmentation by equipment, fit, aircraft type, application, and geography. The report provides key statistics on the market status of the leading Aircraft Evacuation System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? On the basis of equipment, the market is segmented as evacuation slides, emergency floatation system, ejection seat, life vests, life rafts, and others.
? On the basis of fit, the market is segmented as line-fit and retrofit.
? On basis of aircraft type, the market is segmented as fixed wing and rotary wing.
? On basis of application, the market is segmented as commercial and military.
MARKET DYNAMICS
Drivers:
? Increasing demand for the aircraft evacuation system solution in the defense sector has bolstered the market growth.
? Growing procurement of new aircraft fleet by emerging nations is driving significant demand worldwide.
Restraints:
? Long Life cycle pan of the evacuation systems limits the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Evacuation System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Evacuation System market in these regions
IMPACT OF COVID-19 ON AIRCRAFT EVACUATION SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of the COVID-19 virus across the globe has lowered the revenue of airlines and aircraft manufacturers. However, it has minimal impact on the defense industry as very few countries have lowered the defense budget. As there is low impact in the defense sector, the demand for aircraft evacuation systems remained stable during COVID - 19 period. However, certain disruption in the supply chain has been experienced by the market, but it's started to regain the momentum post lockdown and ease travel restrictions.
MARKET PLAYERS
The report covers key developments in the Aircraft Evacuation System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Evacuation System market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Evacuation System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Evacuation System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Cobham Mission Systems Wimborne Limited,
? Collins Aerospace, a Raytheon Technologies Corp.
? Dart Aerospace
? EAM Worldwide
? Martin-Baker Aircraft Co. Ltd
? Safran
? Survival Equipment Services Ltd
? The MEL Group
? Trelleborg AB (publ)
? Zvezda
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.