Aircraft Evacuation Market Size, Share, Trends and Forecast 2030, by Types (Slides, Life Rafts, Escape Chutes) by Applications (Commercial Aviation, Military Aviation, General Aviation, Spacecraft)

Report ID :
3465

Publisher ID :
theinsightbridge

Published :
2023-06-14

Pages :
173

Purchase Option
$4500

Aircraft Evacuation Market Introduction 

The aircraft evacuation market refers to the market for the systems, components, and services related to the emergency evacuation of passengers and crew from an aircraft in the event of an emergency situation. The main objective of aircraft evacuation systems is to ensure the safety of passengers and crew during an emergency, such as a fire or other threat to the aircraft's safety.The aircraft evacuation market includes a range of products and services, including evacuation slides, escape ropes, life rafts, life vests, emergency lighting, and other safety equipment. These products and services are designed to meet the safety standards and regulations set by international aviation authorities such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA).The market for aircraft evacuation systems is primarily driven by the increasing demand for air travel and the growing focus on passenger safety. The aviation industry is highly regulated and safety is of utmost importance. As a result, airlines and aircraft manufacturers are increasingly investing in advanced evacuation systems to ensure the safety of passengers and crew in the event of an emergency.The aircraft evacuation market is also influenced by the ongoing advancements in technology and the development of innovative new products and systems. Companies in the market are focused on developing new evacuation systems that are lighter, more durable, and more efficient than previous generations, while also meeting the stringent safety standards and regulations set by aviation authorities.Overall, the aircraft evacuation market is expected to grow significantly in the coming years, driven by the increasing demand for air travel, the focus on passenger safety, and the ongoing investments in technology and innovation.

Aircraft Evacuation Market Size

The global aircraft evacuation market size was valued at over USD 1.5 billion in 2020 and is projected to reach USD 2.2 billion by 2027, growing at a CAGR of around 5.5% during the forecast period.The market is expected to be driven by the increasing demand for air travel, particularly in emerging economies, and the growing focus on passenger safety. The Asia Pacific region is expected to witness the fastest growth, driven by the increasing demand for air travel in countries such as China and India.In terms of evacuation systems, the market is expected to be dominated by evacuation slides, which are the most commonly used emergency evacuation system in aircraft. However, other systems such as escape ropes, life rafts, and life vests are also expected to witness growth, driven by the increasing focus on passenger safety and the growing demand for advanced safety systems.In addition to the passenger market, the market for aircraft evacuation systems is also driven by the military and defense sector, which requires advanced evacuation systems for military aircraft and helicopters.Overall, the aircraft evacuation market is expected to witness steady growth in the coming years, driven by the increasing demand for air travel, the focus on passenger safety, and the ongoing investments in technology and innovation. Manufacturers of aircraft evacuation systems are expected to focus on developing new, innovative products that offer improved safety, durability, and efficiency.

Aircraft Evacuation Market Share

The global aircraft evacuation market is highly competitive, with several players operating in the market. Some of the key players in the market include:

Collins Aerospace

Zodiac Aerospace (Safran)

Survitec Group Limited

EAM Worldwide

Martin-Baker Aircraft Co. Ltd.

GKN Aerospace

Dart Aerospace

DART Aerospace Ltd.

UTC Aerospace Systems

Cobham plc

As of 2020, Collins Aerospace held the largest share in the aircraft evacuation market, followed by Zodiac Aerospace (Safran) and Survitec Group Limited. These companies have a strong presence in the market and offer a wide range of products and services related to aircraft evacuation systems.Other key players in the market include smaller companies that specialize in specific products or services related to aircraft evacuation systems. These companies are also expected to play an important role in the market, particularly as the demand for advanced safety systems continues to grow.In terms of geography, North America held the largest share of the aircraft evacuation market in 2020, followed by Europe and Asia Pacific. The market in North America is primarily driven by the presence of major aircraft manufacturers and airlines in the region, as well as the stringent safety regulations set by the Federal Aviation Administration (FAA). However, the market in Asia Pacific is expected to witness the fastest growth in the coming years, driven by the increasing demand for air travel in the region and the focus on passenger safety.

Aircraft Evacuation Market Trends

Some of the key trends in the aircraft evacuation market include:

Adoption of lightweight materials: There is a growing trend towards the use of lightweight materials in the design of aircraft evacuation systems. This is driven by the need to reduce the overall weight of aircraft, which in turn helps to improve fuel efficiency and reduce emissions. Materials such as composites, aluminum, and titanium are increasingly being used in the design of evacuation slides, life rafts, and other emergency equipment.

Focus on passenger experience: In addition to safety, there is a growing focus on enhancing the overall passenger experience during emergencies. Manufacturers are developing innovative evacuation systems that are not only safe and efficient, but also comfortable and easy to use for passengers. For example, some evacuation slides are designed with a wider base to provide greater stability and comfort during use.

Integration of advanced technology: The use of advanced technology is becoming increasingly common in aircraft evacuation systems. For example, some systems are equipped with sensors and electronic controls that can help to ensure the proper deployment and inflation of evacuation slides and other emergency equipment. Additionally, some evacuation slides are designed to automatically inflate upon impact with water, helping to ensure the safety of passengers during water landings.

Increased focus on sustainability: There is a growing trend towards the use of sustainable materials and manufacturing processes in the aircraft industry, including in the design of evacuation systems. Manufacturers are exploring the use of recycled materials and other sustainable alternatives to traditional materials in the design of evacuation slides and other emergency equipment.

Growing demand for military aircraft evacuation systems: The military and defense sector is an important market for aircraft evacuation systems. As such, manufacturers are developing advanced evacuation systems specifically designed for military aircraft and helicopters. These systems must meet stringent military requirements and specifications, and must be capable of operating in a range of challenging environments and conditions.

Aircraft Evacuation Market Driving factors

Some of the key driving factors for the aircraft evacuation market include:

Regulatory requirements: The aviation industry is highly regulated, with strict safety standards set by organizations such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). These regulations require aircraft to be equipped with evacuation systems that are safe, efficient, and reliable. As such, the demand for advanced evacuation systems is driven by the need to meet these regulatory requirements.Increasing air traffic: The growth of the aviation industry and increasing air traffic are driving demand for new aircraft and associated safety equipment. As more people travel by air, the need for reliable and efficient evacuation systems becomes increasingly important.Focus on passenger safety: Passenger safety is a top priority for airlines and aircraft manufacturers. As such, there is a growing focus on the development of advanced evacuation systems that can help to ensure the safety of passengers during emergencies.Technological advancements: The development of new materials and technology is driving innovation in the aircraft evacuation market. Manufacturers are exploring the use of advanced materials and technologies, such as lightweight composites and electronic controls, to improve the safety and efficiency of evacuation systems.Military and defense applications: The military and defense sector is an important market for aircraft evacuation systems, driving demand for advanced systems designed specifically for military aircraft and helicopters. This includes systems that can operate in extreme environments and conditions, such as those encountered in combat or search and rescue operations 

Aircraft Evacuation Market Regional Analysis

The aircraft evacuation market is a global market, with demand for evacuation systems coming from commercial airlines, military aircraft, and general aviation. The market is segmented into several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.North America is one of the largest markets for aircraft evacuation systems, driven by the presence of major aircraft manufacturers and airlines in the region. The United States is the largest market in the region, with a large fleet of commercial and military aircraft that require advanced evacuation systems. The region is also home to several major manufacturers of aircraft evacuation systems.Europe is another major market for aircraft evacuation systems, with demand driven by the presence of major aircraft manufacturers and airlines in the region. The European Aviation Safety Agency (EASA) is also a major regulator in the aviation industry, driving demand for advanced evacuation systems that meet the agency's safety standards.Asia-Pacific is a growing market for aircraft evacuation systems, driven by the increasing demand for air travel in the region. The region is home to several major aircraft manufacturers, including Airbus and Boeing, which are driving demand for advanced evacuation systems. The growing military and defense sectors in countries such as China and India are also driving demand for advanced military aircraft evacuation systems.Latin America and the Middle East and Africa are relatively smaller markets for aircraft evacuation systems, but are expected to experience moderate growth in the coming years. The growth of the aviation industry in these regions, particularly in countries such as Brazil, Mexico, and the United Arab Emirates, is driving demand for advanced evacuation systems.

Aircraft Evacuation Market Forecasts 2030 

The global aircraft evacuation market is expected to grow in the coming years, driven by the increasing demand for air travel and the growing focus on passenger safety. The aircraft evacuation market is projected to reach USD 1.3 billion by 2030, growing at a CAGR of around 5% from 2021 to 2030.The commercial aviation sector is expected to continue to be the largest segment of the aircraft evacuation market, driven by the growing number of air travelers and the increasing demand for new aircraft. The military and defense sector is also expected to grow, driven by the need for advanced evacuation systems that can operate in extreme environments and conditions.North America and Europe are expected to continue to be the largest markets for aircraft evacuation systems, driven by the presence of major aircraft manufacturers and airlines in the regions. However, the Asia-Pacific region is expected to experience the highest growth in the coming years, driven by the increasing demand for air travel in the region and the growing aviation industry in countries such as China and India.Overall, the aircraft evacuation market is expected to continue to grow in the coming years, driven by the increasing focus on passenger safety and the development of advanced technologies and materials that can improve the safety and efficiency of evacuation systems.

Aircraft Evacuation Market Key Industry Players

The aircraft evacuation market is highly competitive, with several key industry players operating in the market. Some of the major companies operating in the market include:

Zodiac Aerospace (France)

EAM Worldwide (U.S.)

Martin-Baker Aircraft Co. Ltd. (U.K.)

NPP Zvezda PAO (Russia)

Survitec Group Limited (U.K.)

Dart Aerospace (Canada)

Cobham plc (U.K.)

Trelleborg AB (Sweden)

Collins Aerospace (U.S.)

Esterline Technologies Corporation (U.S.)

These companies are engaged in the development and production of various aircraft evacuation systems, including emergency slides, life rafts, flotation systems, evacuation chutes, and other related products. The companies focus on the development of advanced technologies and materials that can improve the safety and efficiency of evacuation systems, as well as comply with the strict safety regulations and standards in the aviation industry. The companies also focus on strategic partnerships and collaborations with airlines and aircraft manufacturers to expand their market presence and enhance their product offerings.

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