Aircraft evacuation include special
evacuation equipment that helps passengers and crew to safely evacuate from an
aircraft during an emergency landing on ground, water, or mid-flight. Aircraft
evacuation can be classified into personal safety equipment and collective
safety equipment. Personal safety equipment consists of products, such as life
vests, parachutes, ejection seats, survival suits, emergency floatation and
safety gears, among others. Collective safety equipment consist of evacuation
slides, rafts, and evacuation chute systems, among others.
The
aircraft
evacuation market is projected to grow from USD 1.30 Billion in
2017 to USD 1.73 Billion in 2022, at a CAGR of 5.96% during the forecast
period. This growth can be attributed to the increasing aircraft orders due to
rise in air passenger traffic across the globe. Increase in aircraft orders is
one of the key factors driving the aircraft evacuation market. Passenger
traffic has been growing at a high rate in emerging countries, such as India
and China. PDF
Browse 74 market data
tables and 44 figures spread through 148 pages and in-depth TOC on
"Aircraft Evacuation Market - Global Forecast to 2022"
Growing consumer and business confidence, low
interest rates, and favorable government policies are the key factors for this
surge in demand for aircraft. In addition, rise of new commercial aircraft
manufacturers in regions of Latin America and Asia-Pacific has led to an
increase in demand for aircraft
evacuation. Though robust consumer spending in emerging
economies will facilitate the demand for aircraft, factors, such as aircraft
backlogs, political stability, and weakening currencies are expected to
restrain this demand for aircraft, which could adversely impact the aircraft
evacuation market.
Key players operating in the aircraft evacuation market are UTC
Aerospace Systems (U.S.), Zodiac Aerospace (France), EAM Worldwide (U.S.),
Martin-Baker (U.K.), Npp Zvezda Pao (Russia), Trelleborg AG (Sweden), GKN
Aerospace Services Limited (U.K.), Cobham Plc (U.K.), and DART Aerospace
(Canada), among others. These companies have well-equipped manufacturing
facilities and strong distribution network across North America, Europe, and
Asia-Pacific.
Contracts and partnerships were the key growth strategies adopted by the
key players to strengthen their position in the aircraft evacuation market.
These players are focusing on increasing investments in R&D, and developing
strong relationships with government and civil agencies to gain competitive
edge.
The UTC Aerospace Systems (U.S.) is one of the leading companies in the
aircraft evacuation market. The company has a strong presence in North America
and Europe, besides catering to the Asia-Pacific region. It has also formed
various joint ventures and entered into partnerships to cater to North America,
Europe, and Asia-Pacific aircraft evacuation market. In 2016, the UTC Aerospace
Systems secured a contract worth USD 14.4 million from B-2 Spirit, the U.S.
sole heavy stealth bomber for the upgraded ejection seats.
Zodiac Aerospace is
the second leading company in the aircraft evacuation market. It has a wide
distribution channel in France, the U.S., and Mexico, and maintains a strong
presence in Europe and North America. The company has a very good breadth of
offerings, and delivery & support, and excellent product distribution. In
2014, Zodiac Aerospace secured a contract from Lufthansa for the supply of 170
evacuation slides for its Airbus A320 and 100,000 lifejackets.
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