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According to Stratistics MRC, Global Aircraft Evacuation accounts for $ 1.62 billion in 2017 and is expected to reach $ 2.97 billion by 2026 growing at a CAGR of 7.0% over the forecast period. Increasing demand for new aircraft and periodic inspections, safety drills, inadvertent landslide deployments, and emergency landings are the key drivers of market growth. The long life cycle of the evacuation slides product and the existing delays in aircraft deliveries are the factors hampering the growth of the market.
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Aircraft evacuation refers to the emergency evacuation of an aircraft that can take place on the ground, in the water, or mid-flight. There are standard special evacuation equipment and evacuation procedures to ensure a safe evacuation of the aircraft. Aviation accidents have instilled the need for new considerations regarding aircraft safety in emergency situations. Standard evacuation procedures and specialized equipment will be implemented during the evacuation process.
Based on the distribution channel, the original equipment manufacturer (OEM) leads the size of the aircraft evacuation market with increasing investments by airlines to upgrade their product portfolio. For example, EAM Worldwide entered into a strategic partnership with Lufthansa Technik and received FAA TSO-C69C approval to manufacture escape slides. Additionally, the growing demand for cost-effective aircraft evacuation systems to facilitate low-cost carriers is positively influencing OEM market share during the forecast period.
By geography, North America’s aircraft evacuation market share is growing at a faster rate during the forecast period. This participation is attributed to the presence of several aircraft manufacturers, such as Boeing, United Technologies, Lockheed Martin and General Dynamics Corporation. The increasing focus on lightweight evacuation systems and advanced technologies with the ability to detect the ground and automatically adjust the length are positively influencing regional demand. In addition, increased aircraft production and delays associated with aircraft deliveries and delays are positively influencing the expansion of the market.
Some of the key players in the aircraft evacuation market are Cobham PLC, Dart Aerospace, EAM Worldwide, GKN Aerospace Services Limited, Martin-Baker, Mustang Survival, NPP Zvezda PAO, Survival Equipment Services Ltd, Switlik Parachute Company Inc, Trelleborg AB , UTC Aerospace Systems and Zodiac Aerospace.
Types of aircraft covered:
• Fixed wing
• Rotating wing
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Types of equipment covered:
• Ejection seat
• Emergency flotation system (EFS)
• Evacuation pond
• Evacuation slide
• Lifevest
Fits Covered:
• Linefit
• Modernization
Distribution channels covered:
• Original Equipment Manufacturer (OEM)
• Accessories market
Number of lanes covered:
• Single lane
• Double lane
Regions covered:
• North America
or us
or Canada
or Mexico
• Europe
or Germany
or United Kingdom
or Italy
France
or Spain
o Rest of Europe
• Pacific Asia
or Japan
or China
India
or Australia
from New Zealand
or South Korea
o Rest of Asia Pacific
• South America
or Argentina
or Brazil
or Chile
o Rest of South America
• Middle East and Africa
from Saudi Arabia
or UAE
or Qatar
or South Africa
o Rest of the Middle East and Africa
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– Market share assessments for the segments at the regional and national level
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