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Aircraft Evacuation Slide Market Segmentation By Aircraft Type {Rotary Wing Helicopter (Military and Civil) and Fixed Wing (Regional Transport Aircraft, Business Jet, Fighter Jet, Regional Aircraft, Wide-Body Aircraft, Narrow Body Aircraft, and Others)}; By Product Type (Evacuation Raft, Ejection Seat, Life Vest, Escape Slide and Emergency Inflatable Floatation) and By Distribution Channel (Aftermarket and OEM) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Aircraft Evacuation Slide Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • On July 31st, 2019, Montreal, Canada – DART Aerospace released a statement announcing that it has currently received approvals from the Dirección general de Aeronáutica Civil (DGAC) for three additional type certified products, along with the emergency float system for the Bell 505. The Bell 505 emergency drift system can provide protection along with enterprise leading performance for over-water helicopter operations.

Introduction to Global Aircraft Evacuation Slides

A plane evacuation device includes evacuation equipment that allows emergency evacuation from an aircraft that could take place on the land or in water. The device used for evacuation includes evacuation life rafts, slides, system, personal flotation devices, and ejection seats. An evacuation slide is an inflatable slide that allows human being to descend appropriately from the exit door of the plane. It has sufficiently high execution rate to meet the evacuation timings. Escape slides are the preferred means of evacuation method with the regulation authorities, although some shipment plane uses distinctive strategies.

Market Size and Forecast

The global aircraft evacuation slide market is thriving on the back of increasing incidences of aircraft accidents as well as for the risks associated with the crash of an aircraft, followed by the growing need amongst aircraft operators and aircraft manufacturers for emergency aircraft landing equipment to tackle an emergency situation crisis. The market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by aircraft type into fixed-wing and rotary wing. Among these segments, fixed-wing segment held the largest market share in the year 2018 and it is expected to grow significantly over the forecast period. This can be attributed to the rising production of fixed-wing aircrafts, which has increased substantially over the years, owing to the growing number of travelers worldwide, along with the increase in cargo shipments around the globe. However, based on product type, the aircraft evacuation market has been divided into life jacket, evacuation slide, evacuation raft, ejector seat and emergency inflatable flotation. The evacuation slide section is anticipated to grow at the highest CAGR over the forecast period.

Growth Drivers

Increase In The Number Of Passengers Opting For Air Travel

There is a significant increase in the global passenger traffic owing to the increasing preference amongst passengers for air travel, as travelling by air saves travelling time and is also a convenient mode of travel. According to the International Civil Aviation Organization (ICAO), passengers carried on scheduled services grew by 6.4% from the year 2017 to reach 4.3 billion in the year 2018. Such a factor has also put a strain on ensuring the safety of the passengers. As more and more stringent air safety regulations are coming into the light, there is a growing focus on enhancing passenger safety and their protection, so that there is minimum amount of causalities associated with air travel. This compulsion towards safety has led the aircraft market to focus more on safety of its passengers, which is anticipated to drive the growth of the global aircraft evacuation slide market. CLICK TO DOWNLOAD SAMPLE REPORT

Stringent Aviation Regulation By The Regulatory Authorities

The aviation business has continuously been underneath the scanner of regulative authorities, thereby raising the need amongst the aircraft manufacturers to stick to numerous guidelines issued by them. These laws have compelled makers of aircraft safety systems to develop a product, such as aircraft evacuation slide, that is compatible with this regulative setting. Aircraft evacuation slides are essential for safety of the passengers of an aircraft, as a result of which the aircraft evacuation slide makers are constantly putting up efforts for research and developments to increase their potency and thereby reduce the operational time of its inflation. Such factors are anticipated to drive the growth of the global aircraft evacuation slide market.

Restraints

Demand for Huge Financial Support for Manufacturing Aircraft Evacuation Slides

Despite the growing market for the evacuation slide, manufacturing of such equipment requires significant financial support. Moreover, proper planning is also required to line up the resources for increasing the efficiency of manufacturing processes. Owing to such a factor, the service delivery can be highly affected and could also lead to the delay in the payments. This vicious cycle along with the lack of a well-established supply chain system are some of the factors anticipated to hamper the growth of the aircraft evacuation slide market.

Market Segmentation

Our in-depth analysis of the global aircraft evacuation slide market includes the following segments:

By Aircraft Type

  • Rotary Wing Helicopter
    • Military Helicopter
    • Civil Helicopter
  • Fixed Wing Helicopter
    •  Regional Transport Aircraft
    •  Business Jet
    •  Fighter Jet
    •  Regional Aircraft
    •  Wide-Body Aircraft
    •  Narrow Body Aircraft
    •  Others

By Product Type

  •  Evacuation Raft
  •  Ejection Seat
  •  Life Vest
  •  Escape Slide
  •  Emergency Inflatable Floatation

By Distribution Channel

  • Aftermarket
  • OEM

By Region

On the basis of regional analysis, the global aircraft evacuation slide market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America, followed by Europe, holds a significant share of the world aircraft evacuation market, owing to the native presence of distinguished aircraft makers. Latin America is predicted to exhibit vital growth within the aircraft evacuation slide market over the forecast period, owing to the presence of micro OEMs in this region. Moreover, the massive installed base of aircraft in this region is also predicted to drive the aftermarket of the aircraft evacuation slide market. Additionally, government initiatives to extend manufacturing by the formation of enticing policies in countries like China and India are predicted to spice up the slide producing business in the Asia Pacific region.

The global aircraft evacuation slide market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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