Global Aircraft Evacuation Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
4 Jul, 2023
The global aircraft evacuation market size is expected to grow from $1.48 billion in 2022 to $1.59 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft evacuation market size is expected to reach $2.02 billion in 2027 at a CAGR of 6.2%.
Global Aircraft Evacuation Market Key Driver
The increasing air passenger traffic is likely to drive future growth in the aircraft evacuation market. A person or business engaging largely in the transportation of passengers by aircraft in interstate commerce is referred to as air passenger traffic. Because evacuation devices and methods save passengers' lives while flying, air passengers' traffic helps the aircraft evacuation industry.
Get a sample of the global aircraft evacuation market reportGlobal Aircraft Evacuation Market Segments
The global aircraft evacuation market is segmented:
1) By Equipment Type: Life Vest, Evacuation Slide And Raft, Ejection Seat, Emergency Floatation
2) By Fit: Line Fit, Retrofit
3) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Business Jet, Regional Transport Aircraft, Fighter Jet, Helicopter
4) By Geography: The regions covered in the aircraft evacuation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aircraft evacuation market.
Major Aircraft Evacuation Industry Players
EAM Worldwide, Martin-Baker Aircraft Co Ltd., Trelleborg AB, GKN Aerospace Services Limited., Cobham Limited, Dart Aerospace, Survival Equipment Services Ltd., Zodiac Aerospace, UTC Aerospace Systems, NPP Zvezda, Astronics Corporation, Safran SA, Tulmar Safety Systems, Rockwell Automation, JAMCO Corporation, Mustang Survival Corp.
Get the full global aircraft evacuation market report
Aircraft Evacuation Market Overview
Aircraft evacuation refers to a sudden exit from an airplane on land, in the water, or mid-flight. Regular evacuation protocols and specific evacuation equipment are in place. This is usually done due to a fire hazard. It saves lives because having a clear evacuation strategy ensures that individuals are better prepared in the event of an explosion or other disaster.
Aircraft Evacuation Global Market Report 2023 provides data on the global aircraft evacuation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft evacuation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.