How Has the Aircraft Evacuation Market Evolved Historically and What is its Current Size?
The aircraft evacuation market has seen considerable growth due to a variety of factors.
•There has been a significant expansion in the aircraft evacuation market size over the past few years. The market is projected to grow from $1.66 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
This growth during the historical period can be accredited to strict safety measures, a surge in air travel, an emphasis on passenger safety, competitiveness in the airline industry, and worldwide airline alliances.
What is the Forecasted Market Size and CAGR for the Aircraft Evacuation Market?
The aircraft evacuation market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of aircraft evacuation is predicted to witness significant growth in the years to come. It is projected to reach a valuation of "$2.23 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.1%.
The surge in this forecasted period can be attributed to the increase in air passenger traffic, advancements in evacuation systems, regulatory focus on evacuation standards, emphasis on accessibility and international cooperation on safety measures. The key trends during the forecast period include advances in evacuation systems, integration of intelligent technologies, emphasis on lightweight and compact models, improved training simulators and the addition of evacuation technologies into aircraft design.
What Are The Primary Growth Drivers In The Aircraft Evacuation Market?
The anticipated rise in air passenger traffic is likely to propel the expansion of the aircraft evacuation market. Essentially, air passenger traffic involves the principal engagement of individuals or companies in the aerial transit of individuals across states. This element contributes to the aircraft evacuation market as the evacuation tools and procedures are crucial in safeguarding the lives of passengers onboard. For instance, as stated by the International Air Transport Association (IATA), which is a Canada-based body that backs airline operations and aids in shaping industry policies and standards, the number of air passengers worldwide is projected to reach 4 billion by 2024. This demonstrates a 47% rise from 2021 and a surge of 83% compared to 2022. Therefore, the escalation in air passenger traffic serves as a key factor propelling the advancement of the aircraft evacuation market.
What Is The Segmentation Of The Global Aircraft Evacuation Market?
The aircraft evacuation market covered in this report is segmented –
1) By Equipment Type: Life Vest, Evacuation Slide And Raft, Ejection Seat, Emergency Floatation
2) By Fit: Line Fit, Retrofit
3) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Business Jet, Regional Transport Aircraft, Fighter Jet, Helicopter
Subsegments:
1) By Life Vest: Infant Life Vest, Adult Life Vest, Hybrid Life Vest
2) By Evacuation Slide And Raft: Single Lane Slide, Dual Lane Slide, Slide Raft, Inflatable Life Raft
3) By Ejection Seat: Fighter Aircraft Ejection Seat, Helicopter Ejection Seat, Trainer Aircraft Ejection Seat
4) By Emergency Floatation: Helicopter Floatation System, Aircraft Floatation System
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What Emerging Trends Are Shaping The Aircraft Evacuation Market Landscape?
Leading corporations in the aircraft evacuation market are pioneering new solutions, including continuous medical supervision, to elevate passenger safety standards, strengthen emergency response systems, and guarantee effective care during airborne medical emergencies. Continuous medical supervision is a process of constant patient monitoring by healthcare professionals which enables thorough observation, efficient treatment, and compliance with healthcare protocols to ensure patient safety. To illustrate, in May 2024, German helicopter service company, Global Helicopter Services introduced its Forward Air Evacuation Services in Benin by securing a new deal with European Defense Agency (EDA). This round-the-clock service employs two Beech 1900D aircrafts that have the capability to accommodate two patients on stretchers and six passengers who are seated, all under constant medical supervision. In partnership with Sahel Aviation Services and Iqarus Medical, GHS is committed to delivering proficient and secure evacuation solutions that are customizable as per mission needs, marking a significant advancement in its provided services.
Who Are the Key Players in the Aircraft Evacuation Market?
Major companies operating in the aircraft evacuation market include:
• EAM Worldwide
• Martin-Baker Aircraft Co Ltd.
• Trelleborg AB
• GKN Aerospace Services Limited
• Cobham Limited
• Dart Aerospace
• Survival Equipment Services Ltd.
• Zodiac Aerospace SA
• United Technologies Corporation Pratt & Whitney division
• NPP Zvezda
• Astronics Corporation
• Safran SA
• Tulmar Safety Systems
• Japan Aircraft Manufacturing Co Ltd.
• Mustang Survival Corp.
• Goodrich Corporation
• Switlik Parachute Company Inc.
• Esterline Corporation
• LMS Technologies
• Sogerma SAS
• Air Cruisers Company
• Norsafe AS
• Aviation Survival Technologies
• Beacon Falls Rubber Company
• Boeing Defense Space & Security
• Collins Aerospace
• Eagle Parachute Systems
• Hamilton Sundstrand
• Honeywell Aerospace
• Leach International
• Meggitt Aerospace
What are the Regional Insights into the Aircraft Evacuation Market?
North America was the largest region in the aircraft evacuation market in 2024. The regions covered in the aircraft evacuation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
