Aircraft Evacuation Systems Market Research Report Information By Product (Life Vest, Escape Slide, Evacuation Raft, Ejection Seat, and Inflatable Floatation) By Distribution Channel (OEM and Aftermarket) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

Global Aircraft Evacuation Systems Market Overview

Aircraft Evacuation Systems Market Size was valued at USD 2.2 Billion in 2022. The Aircraft Evacuation Systems market industry is projected to grow from USD 2.33 Billion in 2023 to USD 3.81 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 6.30% during the forecast period (2023 - 2032). The increased number of air passenger’s lee and a rise in demand for advanced emergency response systems are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Aircraft Evacuation Systems Market Trends

• The growing number of air passengers ly is driving the market growth

Market CAGR for aircraft evacuation systems is being driven by the rising number of air passengers ly. The continual growth of air travel and a growing number of airline passengers has surged the demand for reliable and efficient evacuation systems ly. The aviation authorities have set stringent safety regulations and certifications to ensure the well-being of passengers and crew members. These regulations compulsory the installation of high-quality evacuation systems on aircraft.

 The rise of aircraft evacuation is because of the increase in air traffic and the subsequent acquisition of new aircraft. There have been more than 700 routes established for improved connectivity as the number of air travelers grows daily ly. As per the International Air Transport Association, the number of passengers is growing by 6% yearly, which has created new challenges for aviation and government authorities to accommodate this growth and offer adequate infrastructure, security, equipment, and technology to make sure that the rules and taxes do not limit the growth. This rise in passenger traffic is anticipated to lead to the future market of commercial aircraft evacuation systems. Further, the rising propensity of the population to travel by plane is due to an increase in the disposable income of working-class individuals and people migrating from rural areas to urban areas and abroad. These reasons have drastically increased the demand for air travel and are expected to be the same throughout the forecast period.

The technological advancements in evacuation systems, like integrated escape slide rafts, advanced materials, and automatic slide inflation, have drastically enhanced system efficiency, deployment speed, and overall safety. On the other hand, the expansion of the fleet of commercial airlines ly has generated considerable demand for aircraft evacuation systems. With the addition of new aircraft to their fleets, they need to equip those aircraft with reliable and compliant evacuation systems. The manufacturers are making essential enhancements to the safety standards of the aircraft, including operations, design, and maintenance. They equip the aircraft with escape slides, life vests, evacuation rafts, ejection seats, and inflatable floatation to make sure the safety of passengers in case of emergencies like bad weather, technical malfunctions, and fire & smoke problems. Thus, driving the Aircraft Evacuation Systems market revenue.

Aircraft Evacuation Systems Market Segment Insights

Aircraft Evacuation Systems Type Insights

The  Aircraft Evacuation Systems market segmentation, based on type, includes Life Vests, Escape Slides, Evacuation Rafts, Ejection Seats, and Inflatable Floatation. The escape slides segment dominated the market, accounting for the largest market revenue due to the increased emphasis of airline carriers on the safety of passengers and crew. Several government rules and airline operating procedures are designed to protect the crew and passengers from hazards like smoke, fire, and toxic fumes. Airline operators are upgrading their escape slides and rafts to raise the prospects of passenger survivability in aviation accidents. Various aircraft equipment manufacturers are generating compact, low-cost, and heat-resistant slides and rafts utilizing pyrotechnic inflation systems.

Aircraft Evacuation Systems Distribution Channel Insights

The  Aircraft Evacuation Systems market segmentation, based on distribution channel, includes OEM and Aftermarket. The OEM segment of the distribution channel in the aircraft evacuation market dominates the market. The rising demand for aircraft is driven by the growing tourism trends, the development of new and existing routes, and economic growth. Aircraft producers’ pre-fit evacuation systems in aircraft throughout the production stages. The growing presence of aircraft manufacturers, including Airbus and Boeing, in various countries.

 Figure 1: Aircraft Evacuation Systems Market, by Distribution Channel, 2022 & 2032 (USD Billion)

Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review

Aircraft Evacuation Systems Regional Insights

By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Aircraft Evacuation Systems market area dominates the market due to the main military and commercial aircraft OEMs. The presence of key market players to develop technologically advanced equipment in this region. Further, the increasing demand for aircraft evacuation systems that are lightweight. The US is the highest contributor to market growth in the North American region.

Further, the main countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.

Figure 2: AIRCRAFT EVACUATION SYSTEMS MARKET SHARE BY REGION 2022 (USD Billion)

Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Aircraft Evacuation Systems market accounts for the second-largest market revenue due to the presence of leading market players and large aircraft bases installed in this region. Further, the German Aircraft Evacuation Systems market held the largest market share, and the UK Aircraft Evacuation Systems market was the fastest-growing market in the European region.

The Asia-Pacific Aircraft Evacuation Systems Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to expanding demand for the commercial aircraft evacuation system owing to the rising orders and deliveries of new aircraft and propelled passenger traffic in this region. Moreover, China’s Aircraft Evacuation Systems market held the largest market share, and the Indian Aircraft Evacuation Systems market was the rapid-growing market in the Asia-Pacific region.

Aircraft Evacuation Systems Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aircraft Evacuation Systems market grow even more. Market players are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Aircraft Evacuation Systems industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Aircraft Evacuation Systems industry to benefit clients and increase the market sector. In recent years, the Aircraft Evacuation Systems industry has offered some of the most significant advantages to the aircraft industry. Major participants in the Aircraft Evacuation Systems market, including UTC Aerospace Systems, EAM Worldwide, United Technologies Corporation, Safran SA, Survitec Group Limited, Switlik Parachute Co., Martin-Baker Aircraft Co. Ltd., Survival Equipment Services Ltd, The MEL Group, Tulmar Safety Systems Inc., and others, are trying to increase market demand by investing in research and development operations.

UTC Aerospace, headquartered in Charlotte, North Carolina, United States, was one of the largest providers of aerospace and defense products ly. The company was established in 2012 when parent United Technologies Corporation collaborated with their existing subsidiary Hamilton Sundstrand with the newly-acquired Goodrich Corporation. The company was engaged in manufacturing, designing, and servicing systems and components for regional, commercial, helicopters and platforms, business, and military aircraft, and also a major provider of international space programs. The company had two main segments control and sensing systems and aircraft systems and power. In July 2016, the company announced the next generation ACES 5 emission sheet, incorporating advanced technology inclusive of sensor fusion, 40 degrees binoculars, and an active-matrix liquid crystal display. This discharge blade protects the arms and legs from peeling off and protects the head of the pilot from tension.

EAM Worldwide, founded in 1952 by Samuel Oroshnik, headquartered in Miami, Florida, United States, is a manufacturer of aerospace and aviation high-quality safety equipment and technology to help ensure the well-being and survival of each crew member and passengers onboard. The company provides rafts, vests, survival kits, slides, RFID solutions, and other related products, thus offering quality products to its clients. In April 2018, the company received FAA TSO-C69C approval for its escape slides. Lufthansa Technik and EAM together launched these slides via their Skypax solutions. This development is expected to assist the manufacturer in the coming time.

Key Companies in the Aircraft Evacuation Systems market include

• UTC Aerospace Systems


• EAM Worldwide


• United Technologies Corporation


• Safran SA


• Survitec group Limited


• Switlik Parachute Co.


• Martin Baker Aircraft Co. Ltd.


• Survival Equipment Services Ltd


• The MEL Group


• Tulmar Safety Systems Inc.

Aircraft Evacuation Systems Industry Developments

• 
  For Instance, March 2022 KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy aimed to aid ketosis, digestion regulation, weight management, and encourage greater levels of energy.


• 
  For Instance, January 2022 Solace Nutrition, a US-based medical nutrition company, bought R-Kane Nutritionals' assets for an unknown sum. This asset acquisition enables Solace Nutrition to develop synergy between both brands, accelerate growth, and establish a position in an adjacent nutrition sector. R-Kane Nutritionals is a firm established in the United States that specializes in high-protein meal replacement products for weight loss.


• 
  For Instance, April 2018 An ambitious program was launched by Indian Force in order to buy 110 military fighter jets under a  information request agreement from the manufacturer, like Lockheed Martin Corporation, Dassault Aviation, and Boeing witness significant growth prospects for the development of the industry

Aircraft Evacuation Systems Market Segmentation

Aircraft Evacuation Systems Product Outlook

• Life Vest


• Escape Slide


• Evacuation Raft


• Ejection Seat


• Inflatable Floatation

Aircraft Evacuation Systems Distribution Channel Outlook

• OEM


• Aftermarket

Aircraft Evacuation Systems Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America