Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Fire Protection Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Aircraft Fire Protection Systems estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030.
Fire Detection Systems, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$690.2 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Fire Suppression Systems segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $287.4 Million, While China is Forecast to Grow at 7.3% CAGR
The Aircraft Fire Protection Systems market in the U.S. is estimated at US$287.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$312.2 Million by the year 2030 trailing a CAGR of 7.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$199.4 Million by the year 2030.
Select Competitors (Total 43 Featured) -
- Advanced Aircraft Extinguishers, Ltd.
- Aerocon Engineering
- Amerex Instruments, Inc.
- Diehl Stiftung & Co. KG
- Gielle Group
- H3R Aviation, Inc.
- Halma PLC
- Meggitt PLC
- Siemens AG
- United Technologies Corporation (UTC)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.5 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Increasing Focus on Air Travel Safety and Need to Curb Fire-related Incidents Fuels Growth in Aircraft Fire Protection Systems Market
- With Aircraft Manufacturers Shifting Focus onto Asia-Pacific, Tremendous Growth Potential Exists for Aircraft Fire Protection Systems Market
- Competition
- Global Aircraft Fire Protection System Market: Percentage Breakdown of Revenue by Leading Players for 2019E
- Aircraft Fire Protection Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Risk of Fire Accidents in Aircrafts and the Need to Ensure Passenger Safety Drives Demand for Fire Protection Systems
- Recent Rise in Lithium-Ion Battery Fires on Airplanes: A Cause of Concern
- Anticipated Rise in Aircraft Orders Against the Backdrop of Increasing Passenger Traffic Bodes Well for Aircraft Fire Protection Systems Market
- Number of Annual Aircraft Orders for Airbus and Boeing for the Period 2010-2018
- Number of New Commercial Aircraft Deliveries by Size for the Period 2018-2037
- Rising Demand for Air Travel and Increase in Air Passenger Traffic Necessitate New Aircrafts, Presetting Favorable Outlook for Fire Protection Systems
- Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040
- Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019
- Growing Worldwide Air Passenger Traffic: Number of Scheduled Passengers Boarded in Millions by Airlines for the Period 2004-2019
- Fire Protection Systems Essential for Aircraft Engines
- Aircraft Industry Continues to Search for Alternatives to Replace Halon in Fire Extinguishing Systems
- EASA Intends to Ban Use of Halon Fire Extinguishers in Aircrafts
- Fire Protection in Aircraft Hangars: A Significant Area of Focus
- New Fire-Resistant Cargo Containers: Ensuring Greater Safety for Aircrafts
- PRODUCT OVERVIEW
- Fire Risks in Aircrafts
- Aircraft Fire Protection System
- Fire Detectors
- Fire Extinguishers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/3zpuia
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