Aircraft Evacuation Market Analysis

Aircraft Evacuation Market Analysis

Escape slide segment in the aircraft evacuation market valued at USD 550 million in 2020 led by the increased focus of airline carriers on the safety of passengers and crew. Multiple government norms and airline operating procedures are designed to protect passengers and crew from hazards such as fires, smoke, and toxic fumes. Airline operators are significantly upgrading their escape slides and rafts to increase the prospect of passenger survivability in aviation accidents.

Escape slides and rafts enable passengers to quickly exit from an airplane in case of an emergency landing on water. Numerous aircraft evacuation equipment manufacturers are developing low-cost, compact, and heat-resistant slides & rafts using pyrotechnic inflation systems. These slides and rafts have improved weight efficiency and comply with government regulations.

Fixed wing will generate a demand for around 1 million by 2027. Increasing fixed-wing fleet size due to its application in commercial, regional, and military aircraft is among the major factors accelerating the aircraft evacuation market progression over the coming years. The ongoing technological advancements in fixed-wing aircraft including reduced overall manufacturing costs, lower weight, and fully interlocked systems are examples of the major technological advancements in fixed-wing aircraft.
 

The high usage of narrow-body aircraft for medium-haul routes is among the key aspects providing a positive outlook for fixed-wing platform expansion. The increased production of narrow-body aircraft by prominent players including Boeing, Airbus, Bombardier, and Embraer will further escalate the demand for narrow-body aircraft. The narrow-body segment is witnessing high growth and will continue to dominate the aircraft evacuation business in the coming years. This is attributed to the rising number of narrow-body aircraft deliveries, increasing popularity of low-cost airlines, and modernization of fleets.
 

OEM distribution channel in the aircraft evacuation market will record valuation of over USD 900 million by 2027. The increasing demand for aircraft driven by the growing tourism trends, economic growth, and development of new & existing routes. Aircraft manufacturers pre-fit evacuation systems in aircraft during the production stage. The rising presence of aircraft manufacturers including Boeing and Airbus in countries such as China will further support the market penetration.
 

Europe aircraft evacuation market will observe over 5.5% growth rate through 2027. France will dominate the OEM segment credited to the presence of a large number of aircraft manufacturers in the country. Other European countries led by Germany and the UK will register steady growth owing to the increasing passenger traffic. Airline operators in Europe carried 5.3% more passenger traffic in 2017 compared to 2016. The major operators of narrow-body aircraft in Europe showcased an increase of 13.2% in passenger traffic, leading to new aircraft acquisition.