seobhushan (71)

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Aircraft Evacuation Market is projected to reach
CAGR 6.2 by 2027
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Key Insights from Aircraft Evacuation Market

• The global aircraft evacuation market size is
  projected to cross USD 1.5 billion in terms of
  valuation through 2027. The military and aviation
  sector require efficient aircraft evacuation
  equipment and tools to ensure safety of military
  personnel and passengers. Rise in disposable
  income among people across the globe and a
  preference to travel by air for education,
  business, medical services, and leisure have
  driven the need to include passenger safety
  equipment like life vest, inflatable floatation
  and others in aircraft.
• Many public and private bodies are heavily making
  investments to develop advanced aircraft that are
  safe, reliable, and meet the emerging sustainable
  goals. However, the coronavirus pandemic has
  largely affected the aviation sector due to
  flight restrictions declared across the globe in
  a bid to control the rising coronavirus cases.
• Surging cross-border tensions and political
  instability across the globe have led to many
  countries strengthening their defense and
  military sectors. Rotary wing military
  helicopters are largely being used as they form
  the basis for several evacuation and defense
  activities.

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Regional Insights in Aircraft Evacuation Market

• Considering geographical landscape, Asia Pacific
  aircraft evacuation market has witnessed
  year-on-year growth supported by constant
  economic growth in the country along with
  infrastructural development to bridge the demand
  and supply gap in air transport sector.
• According to ICAO, Asia accounted for 34.7 of
  the world's air traffic in the year 2019
  supported by the developing healthcare and
  tourism industry, and industrialization.
• Improving intra and inter-region route
  connectivity has driven the demand for higher
  commercial aircraft, further boosting the
  regional aircraft evacuation market share.
  Increasing aircraft deliveries in the APAC region
  has generated the demand for evacuation rafts,
  escape slides, and life vests. Each aircraft
  comprises life vests with an equal number of
  passengers and crew members. The need for timely
  maintenance of evacuation products will continue
  to spur regional market growth.

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Major Companies in Aircraft Evacuation Market

• UTC Aerospace
• Zodiac Aerospace
• NPP Zvezda
• EAM Worldwide
• DART Aerospace
• Switlik

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Industry Coverage

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