Aircraft Evacuation Systems Market Research Report - Global Forecast till 2027

Aircraft Evacuation Systems Market Research Report: Information by Fit (Line-fit and Retrofit), Equipment Type (Evacuation Slides, Life Rafts, Emergency Floatation System, Personal Floatation Devices and Ejection Seat), Aircraft Type (Fixed Wing and Rotary Wing) and Region (North America, Asia-Pacific, Europe, the Middle East & Africa and Latin America) - Global Forecast till 2027

ID: MRFR/A&D/5596-HCR | February 2021 | Region: Global | 121 pages

Impact of COVID-19 on the Global Aircraft Evacuation Systems Market


Current Impact


The COVID-19 impact on the global aircraft evacuation systems market is evolving every minute. The market has witnessed the immediate and clear impact of the pandemic. The aircraft evacuation systems market had witnessed a boom owing to the rising air passenger traffic in developing countries, including China and India, emergence of new airlines, and stringent government regulations pertaining to aircraft and passenger safety. However, due to COVID-19, airspace restrictions have increased, aircraft have been grounded, and manufacturing activities have come to a halt. Such factors are likely to restrict the growth of the aircraft evacuation systems market worldwide.


Impact on the Global Aircraft Evacuation Systems Market


According to Market Research Future, the global aircraft evacuation systems market is expected to reach USD 2,050 million by 2025, growing at a CAGR of 5.81% during the forecast period from 2019 to 2025. The growth can be attributed to various factors, such as the increasing focus on enhancing passenger safety and stringent air safety regulations. However, the ongoing pandemic has negatively impacted the global market. As the airspace is closed and air travel activities are prohibited, many aircraft are grounded. Most airlines are expected to face heavy losses in the coming months. Airlines that are currently operating during this crisis are offering air cargo services. Moreover, due to the pandemic, the supply chain has also been impacted as aircraft evacuation systems manufacturing facilities are closed.


Moreover, in 2020, a lower GDP of major economies, such as the US, China, the UK, France, Germany, India, Italy, Japan, Brazil, and Canada, anticipate a potential decrease in investments in the aviation industry.


US


The US is also a hub to major aircraft evacuation systems manufacturers such as Raytheon Technologies Corporation and EAM Worldwide. These companies are actively involved in developing advanced aircraft evacuation systems. However, during the rising cases of COVID-19 in the country, the companies have had to face disruptions such as slow supply chain movement, unavailability of labor, and other factors causing a slowdown in production. However, increasing government initiatives to reduce the losses from the aviation industry is expected to drive the growth of the market in the country. Various airlines are expected to receive financial aid from the US Government to reduce the impact of the crisis and ensure the continuation of essential airline service and protect jobs. For example, in March 2020, American Airlines announced plans to seek USD 12 billion aid from the US Government to ensure the smooth functioning of essential airline services and protect the jobs of its airlines. Moreover, post the pandemic, the airlines will need to invest in aircraft evacuation systems owing to stringent aviation regulations regarding aircraft and passenger safety. Thus, driving market growth in the country.


UK


In the UK, the rising cases of COVID-19 have impacted the economy of the country and the aircraft evacuation systems market. There are approximately 37,460 deaths in the country due to COVID-19 as of May 2020. The pandemic has impacted prominent aircraft evacuation systems manufacturers such as Cobham Limited and Survival Equipment Services Ltd. that are based in the UK. Due to labor unavailability, disruptions in the supply chain, and slowed production, the company is unable to manufacture advanced aircraft evacuation systems. Such factors are impacting the aircraft evacuation systems market in the UK.


China


Since the outbreak of COVID-19 in the region, the aviation industry witnessed a sharp fall in passenger traffic owing to travel restrictions. According to BBC, the Chinese airline passenger traffic fell by 84.5% in February 2020 owing to the rapid spread of COVID-19. Various regional airlines are expected to sell-off airline assets due to a reduction in bookings to reduce operating costs. However, the increasing initiatives undertaken by the aviation authorities of the country to reduce the impact on the aviation industry is expected to drive the market growth in the country. For instance, in March 2020, the Civil Aviation Administration of China (CAAC) announced 16 measures to stabilize the development of the aviation sector. The CAAC announced plans to provide subsidies to Chinese carriers and offer additional funding support for international services. Hence, the increasing measures undertaken by the CAAC to reduce the impact of COVID-19 on the aviation industry of the country and provide financial assistance to the Chinese airlines are expected to impact the aircraft evacuation systems market in China positively.


India


According to IATA, by 2035, air passenger traffic in India would surpass the UK to be the third-highest in the world, with the addition of over 322 million passengers, reaching a total of 442 million. Moreover, the increasing domestic air passenger traffic in the country is also expected to drive the market growth in the country. According to IATA, the domestic air passenger traffic in India grew by 8.4% in February 2020 compared to February 2019. However, the ongoing COVID-19 pandemic has impacted the Indian market as well. Additionally, the absence of labor and closing manufacturing facilities is expected to restrict the market growth in the country. However, initiatives undertaken by the Indian government to reduce the impact of COVID-19 on the Indian aerospace & defense industry is expected to impact the market growth positively. For example, domestic flight operations resumed in India from May 2020. This provides an opportunity for the aircraft evacuation systems market in the country.


The Road Ahead


As the aviation industry is adversely affected at this point, losses such as non-execution of contracts are likely to take place. Moreover, the closing of regional airlines paints a worrying picture of the future. For example, in March 2019, Compass Airlines announced plans to shut down its operations owing to the financial crisis due to the ongoing COVID-19 pandemic. The defense aviation industry does not portray a favorable scenario, either. As manufacturing activities continue to stay shut, various prominent defense companies are expected to face losses in the coming months.


Role of Market Research Future


As a market research and consulting company, Market Research Future has been continuously monitoring and tracking the COVID-19 pandemic and its impact on various markets within the aerospace & defense industry. All our research studies have been updated to accommodate the impact of COVID-19 in the respective market to provide customers with comprehensive market data along with present and future trends with macro and micro-level impact factors.


Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objectives

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Radar Simulator Market, by Product

5.1 Introduction

5.2 System Testing

5.2.1 Market Estimates & Forecast, 2020–2027

5.2.2 Market Estimates & Forecast, by Region, 2020–2027

5.3 Operator Training

5.3.1 Market Estimates & Forecast, 2020–2027

5.3.2 Market Estimates & Forecast, by Region, 2020–2027

6 Global Radar Simulator Market, by Application

6.1 Introduction

6.2 Military

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Commercial

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7 Global Radar Simulator Market, by Component

7.1 Introduction

7.2 Hardware

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Software

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

8 Global Radar Simulator Market, by Platform

8.1 Introduction

8.2 Airborne

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Marine

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Ground

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

9 Global Radar Simulator Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Product,2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.5 Market Estimates & Forecast, by Platform, 2020–2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast, by Product, 2020–2027

9.2.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.7.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.7.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Product, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3.7 Germany

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Product, 2020-2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.7.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.7.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3.8 France

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Product, 2020-2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.8.4 Market Estimates & Forecast, by Component, 2020–2027

9.2.8.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3.9 Italy

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Product, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Component, 2020–2027

9.3.9.5 Market Estimates & Forecast, by Platform, 2020–2027

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Product, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Component, 2020–2027

9.3.10.5 Market Estimates & Forecast, by Platform, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Product, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 Market Estimates & Forecast, by Component, 2020–2027

9.4.5 Market Estimates & Forecast, by Platform, 2020–2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.4.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Product, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.7.4 Market Estimates & Forecast, by Component, 2020–2027

9.4.7.5 Market Estimates & Forecast, by Platform, 2020–2027

9.4.8 India

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Product, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Component, 2020–2027

9.4.8.5 Market Estimates & Forecast, by Platform, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Product, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Component, 2020–2027

9.4.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Product, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Market Estimates & Forecast, by Component, 2020–2027

9.5.5 Market Estimates & Forecast, by Platform, 2020–2027

9.5.6 Saudi Arabia

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.5.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.5.7 UAE

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Product, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.7.4 Market Estimates & Forecast, by Component, 2020–2027

9.5.7.5 Market Estimates & Forecast, by Platform, 2020–2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Product, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.8.4 Market Estimates & Forecast, by Component, 2020–2027

9.5.8.5 Market Estimates & Forecast, by Platform, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

8.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.6.6 Brazil

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Product, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.6.4 Market Estimates & Forecast, by Component, 2020–2027

9.6.6.5 Market Estimates & Forecast, by Platform, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Product, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.7.4 Market Estimates & Forecast, by Component, 2020–2027

9.5.8.5 Market Estimates & Forecast, by Platform, 2020–2027

10 Competitive Landscape

11 Company Profiles

11.1 ARI Simulation

11.1.1 Company Overview

11.1.2 Applications/Services Offered

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Key Strategies

11.1.6 SWOT Analysis

11.2 Dacel Technologies Limited

11.2.1 Company Overview

11.2.2 Applications/Services Offered

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Key Strategies

11.2.6 SWOT Analysis

11.3 AceWavetech

11.3.1 Company Overview

11.3.2 Applications/Services Offered

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Key Strategies

11.3.6 SWOT Analysis

11.4 Buffalo Computer Graphics

11.4.1 Company Overview

11.4.2 Applications/Services Offered

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Key Strategies

11.4.6 SWOT Analysis

11.5 Cambridge Pixel Ltd

11.5.1 Company Overview

11.5.2 Applications/Services Offered

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Key Strategies

11.5.6 SWOT Analysis

11.6 Harris Corporation

11.6.1 Company Overview

11.6.2 Applications/Services Offered

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Key Strategies

11.6.6 SWOT Analysis

11.7 Mercury Systems, Inc.

11.7.1 Company Overview

11.7.2 Applications/Services Offered

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Key Strategies

11.7.6 SWOT Analysis

11.8 Ultra Electronics Inc.

11.8.1 Company Overview

11.8.2 Applications/Services Offered

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Key Strategies

11.8.6 SWOT Analysis

11.9 Micro Nav Limited

11.9.1 Company Overview

11.9.2 Applications/Services Offered

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Key Strategies

11.9.6 SWOT Analysis

11.10 Texron Systems

11.10.1 Company Overview

11.10.2 Applications/Services Offered

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Key Strategies

11.10.6 SWOT Analysis

11.11 Rockwell Collins

11.11.1 Company Overview

11.11.2 Applications/Services Offered

11.11.3 Financial Overview

11.11.4 Key Developments

11.11.5 Key Strategies

11.11.6 SWOT Analysis

List of Tables

Table 1 Global Radar Simulator Market, by Region, 2020–2027

Table 2 North America: Radar Simulator Market, by Country, 2020–2027

Table 3 Europe: Radar Simulator Market, by Country, 2020–2027

Table 4 Asia-Pacific: Radar Simulator Market, by Country, 2020–2027

Table 5 Middle East & Africa: Radar Simulator Market, by Country, 2020–2027

Table 6 Latin America: Radar Simulator Market, by Country, 2020–2027

Table 7 Global Radar Simulator Market, by Product, 2020–2027

Table 8 North America: Radar Simulator Market, by Product, 2020–2027

Table 9 Europe: Radar Simulator Market, by Product, 2020–2027

Table 10 Asia-Pacific: Radar Simulator Market, by Product, 2020–2027

Table 11 Middle East & Africa: Radar Simulator Market, by Product, 2020–2027

Table 12 Latin America: Radar Simulator Market, by Product, 2020–2027

Table 13 Global Radar Simulator Market, by Application, 2020–2027

Table 14 North America: Radar Simulator Market, by Application, 2020–2027

Table 15 Europe: Radar Simulator Market, by Application, 2020–2027

Table 16 Asia-Pacific: Radar Simulator Market, by Application, 2020–2027

Table 17 Middle East & Africa: Radar Simulator Market, by Application, 2020–2027

Table 18 Latin America: Radar Simulator Market, by Application, 2020–2027

Table 19 Global Radar Simulator Market, by Component, 2020–2027

Table 20 North America: Radar Simulator Market, by Component, 2020–2027

Table 21 Europe: Radar Simulator Market, by Component, 2020–2027

Table 22 Asia-Pacific: Radar Simulator Market, by Component, 2020–2027

Table 23 Middle East & Africa: Radar Simulator Market, by Component, 2020–2027

Table 24 Latin America: Radar Simulator Market, by Component, 2020–2027

List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down and Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Radar Simulator Market Share, by Product, 2020 (%)

FIGURE 9 Global Radar Simulator Market, by Product, 2020–2027 (USD MILLION)

FIGURE 10 Global Radar Simulator Market Share, by Application, 2020 (%)

FIGURE 11 Global Radar Simulator Market, by Application, 2020–2027 (USD MILLION)

FIGURE 12 Global Radar Simulator Market Share, by Component, 2020 (%)

FIGURE 13 Global Radar Simulator Market, by Component, 2020–2027 (USD MILLION)

FIGURE 14 Global Radar Simulator Market Share, by Region, 2020(%)

FIGURE 15 Global Radar Simulator Market, by Region, 2020–2027 (USD MILLION)

FIGURE 16 North America: Radar Simulator Market Share, 2020(%)

FIGURE 17 North America: Radar Simulator Market, by Country, 2020–2027 (USD MILLION)

FIGURE 18 Europe: Radar Simulator Market Share, 2020(%)

FIGURE 19 Europe: Radar Simulator Market, by Country, 2020–2027 (USD MILLION)

FIGURE 20 Asia-Pacific: Radar Simulator Market Share, 2020(%)

FIGURE 21 Asia-Pacific: Radar Simulator Market, by Country, 2020–2027 (USD MILLION)

FIGURE 22 Middle East & Africa: Radar Simulator Market Share, 2020(%)

FIGURE 23 Middle East & Africa: Radar Simulator Market, by Country, 2020–2027 (USD MILLION)

FIGURE 24 Latin America: Radar Simulator Market Share, 2020(%)

FIGURE 25 Latin America: Radar Simulator Market, by Country, 2020–2027 (USD MILLION)