Aircraft Evacuation Market Forecasts to 2028 – Global Analysis By Equipment Type (Ejection Seat, Emergency Floatation, Evacuation Raft, Evacuation Slide and Life Vest), Aircraft Type (Narrow-Body Aircraft, Business Jet, Fighter Jet and Other Aircraft Type

Aircraft Evacuation Market Forecasts to 2028 – Global Analysis By Equipment Type (Ejection Seat, Emergency Floatation, Evacuation Raft, Evacuation Slide and Life Vest), Aircraft Type (Narrow-Body Aircraft, Business Jet, Fighter Jet and Other Aircraft Types), Fit (Line fit and Retrofit) and By Geography

According to Stratistics MRC, the Global Aircraft Evacuation Market is accounted for $1.90 billion in 2022 and is expected to reach $3.01 billion by 2028 growing at a CAGR of 7.96% during the forecast period. The term ""aircraft evacuation"" describes an emergency exit from an aircraft that can take place on dry land, in water, or while in flight. Standard evacuation procedures and specialized equipment are available. Any type of aircraft, including military, commercial, and civil ones, can have these systems installed. Governments all over the world are enacting strict regulations requiring airline operators to outfit their aircraft with the most up-to-date safety equipment.

According to the Economic Times, India is expected to increase by 100 airports in the coming 15 years to keep up with the rise in air passenger movement. Such expansion & development of new airports will generate the need for airport passenger security equipment and hence will drive the growth of the market.

Market Dynamics

Driver:

Rise in number of air passengers globally

Airports are being built and expanded as a result of the increase in air passenger traffic around the world. The growth of the international commercial airport passenger security market will be fueled by the expansion and development of new airports, which will increase the demand for airport passenger security equipment. For instance, 50 airports in the United States spent an estimated 70 billion USD in 2018 on development and construction of new airports as well as the expansion of already existing airports. In addition, the Economic Times reports that India will add 100 airports in the next 15 years to keep up with the increase in air passenger traffic.

Restraint

Fluctuations in raw material prices

Over the past ten years, raw material prices have remained remarkably unstable. The cost of manufacturing has increased due to the use of petroleum-based materials in aircraft evacuation systems, such as polyurethane-coated fabric (PCF). In addition, as demand has outpaced supply, prices have been impacted by taxes, duties, additional tariffs, and forced production shutdowns in offshore chemical-producing nations. The manufacturers' need to maintain their focus on price and product mix is forcing them to look for alternative raw materials, which is limiting the market's expansion.

Opportunity

Introduction of RFID-based life vests in aviation

RFID is a proven technology that is applied in a wide range of industries for security implementation, asset tracking, and inventory management. The reader, which serves as both a transceiver and an antenna, and the transponder tag that is attached to the inventory asset are the two components that make up the system. The security tag on an RFID life vest allows for digital tamper detection using this technology, unlike tamper-evident labels that must be visually checked. A handheld scanner or fixed reader with mobile software can provide real-time information, including inventory location, expiration dates, and serial numbers, and generate all necessary documentation in accordance with requirements because RFID is encoded with all crucial information about the product. This enhances operational efficiency by enabling an entire aircraft to be scanned and verified in a matter of minutes while conserving valuable resources like time and money.

Threat

Delays in delivery & Stringent aviation regulatory bodies

Any delay in a component's delivery could have a negative impact on the entire supply chain and postpone the delivery of an aircraft that is in good working order. Due to the need to maintain a sizable stock of raw materials and other parts and components due to delays in aircraft delivery, these present planning challenges for manufacturers of related systems and components, such as aircraft evacuation systems. As a result, the holding costs and total cost of production for a component rise, adding to the complexity of the raw material procurement process.

Covid-19 Impact

Due to the COVID-19 outbreak, the aviation industry saw a sharp decline in passengers, which had a significant negative impact on revenue in 2020. Lockdowns were implemented in a number of countries, including India, China, Japan, Australia, and Malaysia, to stop the disease's spread. Lockdowns were lifted in APAC in 2021, however, allowing for the restoration of a number of developmental and recreational activities as a result of the start of widespread vaccination campaigns in the area. Lockdowns were lifted, allowing both travelers and aircraft manufacturers to resume their operations.

The evacuation slide segment is expected to be the largest during the forecast period

Owing to the increased focus of airline carriers on the safety of passengers and crew, the evacuation slides segment is estimated to witness the largest share throughout the forecast period. To safeguard passengers and crew from dangers like fires, smoke, and toxic fumes, numerous government regulations and airline operating procedures have been put in place. In order to improve the chances of passengers surviving aviation accidents, airline operators are significantly upgrading their evacuation slides and rafts. .

The narrow-body aircraft segment is expected to have the highest CAGR during the forecast period

The narrow-body aircraft segment is expanding rapidly and will continue to register the highest growth rate over the forecast period. This is attributed to an increase in deliveries of narrow-body aircraft, the popularity of low-cost airlines, and fleet modernization. One of the main factors contributing to the high usage of narrow-body aircraft on medium-haul routes is the positive outlook for this market. The demand for narrow-body aircraft will also increase due to increased production of these aircraft by well-known manufacturers like Boeing, Airbus, Bombardier, and Embraer, which is fueling the segment expansion.

Region with largest share

Due to its sizable civilian aviation market and vast military fleet, North America is expected to witness the largest share during the forecast period. Around 1,800 new units were produced in North America in 2018. Additionally, because the region is expected to produce nearly 37% of the world's aircraft evacuation systems, North America is the most lucrative region for stockholders in terms of fleet.

Region with highest CAGR

A healthy demand for aircraft evacuation systems is anticipated in the Asia Pacific region due to the region's growing fleet of commercial aircraft over the past ten years. In addition, as a result of the increase in aircraft production, Australia, New Zealand, and Singapore are classified as emerging nations in the area, which is anticipated to fuel the market for aircraft evacuation systems during the forecast period.

Key players in the market

Some of the key players profiled in the Aircraft Evacuation Market include Alliance Marine, Astronics Corp., C&M Marine Aviation Services Inc., Cobham plc, Dart Aerospace Ltd., Deutsche Lufthansa AG, Eaton Corp. Plc, GKN Aerospace Services Limited, JAMCO Corp., Martin-Baker , ircraft Co. Ltd., NPP Zvezda PAO, Raytheon Technologies Corp., Safety Marine Australia Pty Ltd., Safran SA, Survitec Group Ltd., Survival Equipment Services Ltd., Switlik Parachute Co., The MEL Group, TransDigm Group Inc., Trelleborg AB, Tulmar Safety Systems, Wing Group and Zodiac Aerospace.

Key Developments

In March 2023, DART Aerospace Acquires Colorado-Based Aircraft Equipment Manufacturer Paravion Technology Inc. and Century Helicopters Inc. DART’s acquisition of Paravion will allow the mission equipment and replacement parts manufacturer to broaden and diversify its product portfolio with over 1,500 STC. It will enable DART to offer several exciting new product categories to its global network of OEMs and helicopter operators, including heating and air conditioning systems and the Heliporter® tug.

In June 2022, Astronics Corporation a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced the introduction of EmPower® UltraLite G2, the industry's most powerful and intelligent cabin power system for charging passenger electronic devices (PED). The innovative UltraLite G2 is a highly flexible and scalable passenger power system, allowing airlines to deploy the optimal PED power system for their budget and passenger's needs.

In October 2021, DART Aerospace announced it has signed an agreement for the supply of a new generation of Fire Attack® Systems for the FIREHAWK®, supporting DART’s mission to be the industry leader in aerial firefighting equipment manufacturing. DART Aerospace will be partnering with United Rotorcraft, the exclusive completion center for the FIREHAWK®, for the development and certification of lightweight Fire Attack® systems.

Equipment Types Covered:
• Ejection Seat
• Emergency Floatation
• Evacuation Raft
• Evacuation Slide
• Life Vest

Aircraft Types Covered:
• Narrow-Body Aircraft
• Business Jet
• Fighter Jet
• Helicopter
• Regional Transport Aircraft
• Very Large Aircraft
• Wide-Body Aircraft

Fits Covered:
• Line fit
• Retrofit

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements