Aircraft Evacuation Market Growth Analysis | 2022-2028

Market Insights

The aircraft evacuation market was estimated at USD 1.27 billion in 2021 and is likely to grow at a CAGR of 6.94% during 2022-2028 to reach USD 2.05 billion in 2028.

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A rise in situational awareness to execute operations and an increase in demand for real-time analytics are the prime factors that are expected to bolster the growth of the market during the forecast period.

Aircraft Evacuation is evacuating or moving out of the aircraft in general or in a situation of emergency. Normally, in case of exiting from the aircraft, stairs are connected to the exit door of the aircraft. But in case of evacuation, there are other options used, basically the rafts that are inflated. Evacuation can take place on the ground, on water or even at times mid-air depending upon the severity of the situation.

Different aircraft types such as large aircraft, fighter jets, helicopters, or business aircraft can have different evacuation options available within them. There is various evacuation equipment that is used such as life vests, slides, and rafts for evacuation, and others.

Segments Analysis

By Equipment Type

Based on the equipment type, the market is segmented as a life vest, evacuation slide, ejection seat, evacuation raft, and emergency flotation. The evacuation slide segment is expected to register the highest growth in the coming five years. Further, the segment is projected to lead the market owing to the extensive adoption rate of evacuation slides, which is 100% in all commercial passenger aircraft coupled with an increased demand for new aircraft.

By Aircraft Type

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, business jet, regional transport aircraft, fighter jet, and helicopter. The narrow-body aircraft segment was expected to remain dominant in 2021 and is estimated to sustain its dominance during the forecast period. Boeing’s Current Market Outlook 2017, estimated, the current global fleet size of narrow-body aircraft which is 14,870, to reach the unprecedented milestone of 32,280 aircraft by 2035. Asia and North America account for the largest fleet of narrow-body aircraft with 4,540 and 4,010 aircraft, respectively. Rise in demand for narrow-body aircraft across the globe is stimulating the aircraft evacuation market.  

By Fit Type

Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment dominated the market and is expected to maintain its dominance during the forecast period. The growth of this segment is owing to the continuous increase in demand generated by new aircraft orders globally.

Regional Insights

In terms of regions, North America was estimated to remain dominant in the market in 2021. The aviation industry is one of the most lucrative industries in North America, with the presence of giant aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Bell Helicopter (U.S.), Lockheed Martin (U.S.), and Sikorsky Aircraft (U.S.) in the region. The market is driven by the demand for aircraft evacuation, generated by these manufacturers. Further, airlines are also playing a pivotal role in creating the demand for aircraft evacuation through the retrofit segment. North America is expected to sustain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer sizeable growth opportunities during the forecast period.

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Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Equipment Type

• Life Vest
• Evacuation Slide
• Ejection Seat
• Evacuation Raft
• Emergency Flotation 

By Aircraft Type

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

By Fit Type

• Linefit
• Retrofit

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the aircraft evacuation market are-

• Cobham plc
• Dart Aerospace Ltd.
• EAM Worldwide
• GKN Aerospace Services Limited
• Martin-Baker Aircraft Co. Ltd.
• NPP Zvezda PAO
• Survival Equipment Services Ltd.
• Trelleborg AB
• Zodiac Aerospace.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of equipment types by aircraft type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.