세계 항공기용 구명기기 시장 : 점유율 분석, 산업 동향과 통계 및 성장 예측(2024년-2029년)

The Aircraft Survival Equipment Market size is estimated at USD 4.56 billion in 2024, and is expected to reach USD 5.97 billion by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).

The COVID-19 pandemic significantly affected the Aircraft Survival Equipment Market. The onset of COVID-19 led to lockdowns in various countries and restrictions in terms of travel between countries, thereby leading to shortages in components for manufacturing and delays in terms of manufacturing the final end product. In the current scenario, the free flow in terms of trade between countries, owing to the ease of restrictions, has led to the market witnessing an increase in terms of production. This would lead to steady growth in the near future for the aircraft survival equipment market.

The aircraft survival equipment consists of a package of basic tools and kits used for survival in an emergency. All types of aircraft are equipped with survival kits for improved safety during flight hours. The electronic support equipment is installed in an aircraft to improve its survival. It includes flight control, avionics, navigation, and communication systems. Furthermore, electronic attack systems are used to protect aircraft from enemy attacks and damage from external threats. Thus, the growing demand for fighter aircraft for combat operations drives the market growth.

In addition, the rapid expansion of the aviation sector, growing air traffic, and rising aircraft orders create demand for aircraft survival equipment. Furthermore, various governing bodies tighten the safety norms due to an increase in the number of accidents and mishaps occurring around aircraft, which in turn drives the market growth.

Aircraft Survival Equipment Market Trends

Commercial Segment to Lead Market Share

The commercial segment is expected to lead the aircraft survival equipment market during the forecast year. Ensuring passenger safety is the primary goal of the commercial aviation industry. With the increase in passenger movement, the demand for commercial aircraft survival equipment also increased. According to the Airports Council International (ACI) World, in 2022, the global air passenger traffic stood at 6.6 billion, an increase of 43.8% from 2021. A few of the airports that handled the maximum passenger traffic were Atlanta, Dallas, Denver, and Chicago in the US, and Dubai (UAE) was in the fifth position globally.

Aviation stakeholders such as airline companies must continue to focus on building a safe, secure, efficient air transport system fit to welcome the rising passenger traffic. The rise in commercial aircraft deliveries also adds to market growth. For instance, in 2022, Airbus delivered 661 commercial aircraft to 84 customers and registered 1,078 gross new orders. Similarly, in the same year, Boeing delivered 480 airplanes and won 774 net new orders.

In July 2023, Moroccan state-owned airline Royal Air Maroc (RAM) announced its plans to quadruple its fleet to 200 aircraft by 2037 to meet increasing passenger demand. In June 2023, IndiGo Airlines placed an order for 500 Airbus A320 aircraft to be delivered between 2030 and 2035. Such factors will contribute to the growth of the aircraft survival equipment market during the forecast years.

Asia-Pacific Will Showcase the Highest Growth During the Forecast Period

Asia-Pacific is expected to register the highest CAGR during the forecast period. Growing urbanization, rising air traffic, and increasing demand for new aircraft would boost the market growth across the region. An increase in the number of air travelers and growing expenditure on the aviation sector from emerging economies such as China and India are likely to lead to market growth in the near future.

According to the data presented by COMAC, a Chinese aircraft manufacturing company, China will grow to become the largest aviation market globally by 2040, with the fleet size of Chinese aircraft increasing to reach 9,957 by the same time and shall account for 22% of the global passenger aircraft fleet.

According to the International Air Transport Association (IATA) report, India will surpass the United Kingdom to become the third-largest aviation market by 2024. Increasing spending on the aviation industry and the development of new airports will lead to increased demand for new aircraft. The Indian government holds a strong focus on strengthening military capabilities. China and India were the second and third largest defense spenders, respectively, in 2021. In September 2021, India signed a contract with Airbus Defence and Space for the procurement of 56 C-295 transport aircraft.

The new fleet will replace the Avro-748 planes of the Indian Air Force. Thus, growing spending on aircraft procurement from countries such as India, China, Japan, and South Korea would lead to the Asia-Pacific region with the highest growth during the forecast period.

Aircraft Survival Equipment Industry Overview

The aircraft survival equipment market is fragmented in nature and is characterized by several operators who provide various types of survival equipment. Some of the prominent players in the market include Northrop Grumman Corporation, Elbit Systems Ltd, BAE Systems plc, RTX Corporation, and Safran. The introduction of advanced technologies and the development of next-generation fighter aircraft for combat operations is driving the market growth. In 2022, Northrop Grumman developed the EA-18G Growler, the US Navy's electronic attack aircraft, that includes attack equipment such as the ALQ-99 jamming pods, ALQ-218 receiver, satellite communications, and communication countermeasures. Such equipment protects military aircraft from enemy threats. Thus, such advancements would lead to growth in the market during the forecast period.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Overview
• 4.2 Market Drivers
• 4.3 Market Restraints
• 4.4 Porter's Five Forces Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Buyers/Consumers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products
  • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 Equipment
  • 5.1.1 Life Rafts
  • 5.1.2 Medical Kits
  • 5.1.3 Electronic Support
  • 5.1.4 Electronic Attack
  • 5.1.5 Other Equipment
• 5.2 Application
  • 5.2.1 Commercial
  • 5.2.2 Defense
• 5.3 Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
  • 5.3.4 Latin America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Rest of Latin America
  • 5.3.5 Middle East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Vendor Market Share
• 6.2 Company Profiles
  • 6.2.1 BAE Systems plc
  • 6.2.2 Ellbit Systems Ltd.
  • 6.2.3 Northrop Grumman Corporation
  • 6.2.4 RUAG Ltd.
  • 6.2.5 THALES
  • 6.2.6 RTX Corporation
  • 6.2.7 Safran
  • 6.2.8 Saab AB
  • 6.2.9 Legend Aerospace
  • 6.2.10 Survitec Group Limited
  • 6.2.11 FCAH Aerospace
  • 6.2.12 TULMAR Safety Systems

7 MARKET OPPORTUNITIES AND FUTURE TRENDS