Aircraft Evacuation Market : Players & Forecast Analysis till 2022.

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Aircraft Evacuation Market Players Forecast
Analysis till 2022.
According to research report "Aircraft Evacuation
Market by Equipment Type (Life Vest, Evacuation
Slide Raft, Ejection Seat, Emergency
Floatation), Fit (Line fit Retrofit), Aircraft
Type (NB, WB, VLA, RTA, Fighter Jet,
Helicopter), and Region - Global Forecast to
2022"published by MarketsandMarkets 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. Increase in aircraft orders is one of the
key factors driving the aircraft evacuation
market. According to the Boeing Current Market
Outlook, the demand for commercial aircraft will
grow significantly in the future. Growing
consumer and business confidence, low interest
rates, and favorable government policies are the
key factors for this surge in demand for aircraft
across the globe.
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Browse 74 market data tables and 44 figures
spread through 148 pages and in-depth TOC on
"Aircraft Evacuation Market - Global Forecast to
2022" https//www.marketsandmarkets.com/Market-Rep
orts/aircraft- evacuation-market-39874901.html B
ased on equipment type, the evacuation slide
segment of the aircraft evacuation market is
projected to grow at the highest CAGR during the
forecast period Evacuation slide is expected to
be the fastest-growing segment of the aircraft
evacuation market during the forecast period.
Increase in demand for new aircraft, higher ASP
of evacuation slide as compared to other
segments, and 100 adoption rate of evacuation
slides in all commercial passenger aircraft is
expected to drive the evacuation slide segment
during the forecast period. Based on fit, the
linefit segment of the aircraft evacuation market
is projected to grow at the highest CAGR from
2017 to 2022 Based on fit, the linefit segment
is projected to grow at the highest CAGR during
the forecast period. Emerging markets in
Asia-Pacific, the Middle East, and Latin
American regions are expected to witness increase
in demand for aircraft during the forecast
period. This growth can be attributed to
factors, such as rise in passenger traffic across
the globe due to increase in disposable income
of the middle-class in emerging economies,
especially of Asia-Pacific and the Middle East.
With such rapid growth in the procurement of
aircraft, the demand for new aircraft evacuation
is expected to increase. Based on aircraft
type, the narrow body segment of the aircraft
evacuation market is projected to grow at the
highest CAGR from 2017 to 2022 Based on
aircraft type, the narrow body segment of the
aircraft evacuation market is projected to grow
at the highest rate during the forecast period.
This growth can be attributed to preference for
narrow body aircraft by airline operators who
need low-cost aircraft to fly short
distances. Know what Impacts Your Revenues with
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https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id39 874901 North America is estimated to
be the largest market for aircraft evacuation in
2017 North America is expected to lead the
aircraft evacuation market during the forecast
period, owing to the presence of major aircraft
manufacturers, such as Boeing (U.S.), Bombardier
(Canada), Lockheed Martin (U.S.), Bell
Helicopter (U.S.), and Sikorsky Aircraft (U.S.),
coupled with the growth of the aviation industry
in the region. Key players 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.