At 5+% CAGR, Aircraft Evacuation Market Potentially Worth $1.73 Billion by 2022 Led by North America

PUNE, India, June 29, 2017 /PRNewswire-iReach/ -- North America is estimated to account for the largest share of the aircraft evacuation market in 2017 and the Asia-Pacific aircraft evacuation market is projected to grow at the highest CAGR during the forecast period. Major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.), among others, are based in this region, and they generate huge demand for aircraft evacuation. Complete report on "Aircraft Evacuation Market" spread across 147 pages, profiling 12 companies and supported with 67 tables and 44 figures is now available athttp://www.rnrmarketresearch.com/aircraft-evacuation-market-by-equipment-type-life-vest-evacuation-slide-raft-ejection-seat-emergency-floatation-fit-line-fit-retrofit-aircraft-type-nb-wb-vla-rta-fighter-jet-helicopter-and-r-st-to-2022-market-report.html .

North America is also estimated to lead the aircraft evacuation market during the forecast period, in terms of market share. Moreover, the Asia-Pacific aircraft evacuation market is projected to grow at the highest CAGR during the forecast period, owing to emerging aircraft manufacturers, such as COMAC (China) and Mitsubishi Aircraft Corporation (Japan), among others. Furthermore, economic growth of countries in the region, increased air travel, rising in air passenger traffic, and increased need of new aircraft are few other considerable reasons for the growth of the Asia-Pacific aircraft evacuation market.

Based on aircraft type, the narrow body segment in aircraft evacuation market is estimated to account for the largest share in 2017. Increase in demand for low cost carriers is one of the factors driving the demand for narrow body aircraft, globally. According to Boeing's Outlook 2017, the global fleet size of narrow body aircraft is 14,870. By the end of 2035, the global fleet size of narrow body aircraft is expected to reach 32,280. The number of narrow body aircraft deliveries between 2015 and 2035 is expected to be 28,100, of which, Asia is expected to account for almost 38% of the total expected deliveries by 2035. This growth can be attributed to the increase in demand for narrow body aircraft and rise in adoption rate of aircraft evacuation in these aircraft.

Based on fit, the line fit segment in aircraft evacuation market is estimated to account for the largest share during the forecast period. Growth of the line fit segment can be attributed to the small share of the retrofit market due to high product life cycle, which is leading to less replacement.

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Major companies profiled in the report include Zodiac Aerospace (France), Martin-Baker (U.K.), UTC Aerospace Systems (U.S.), EAM Worldwide (U.S.), NPP Zvezda Pao (Russia), Trelleborg AG (Sweden), and GKN Aerospace Service Limited (U.K.), among others.Download PDF Brochure "Aircraft Evacuation Market by Equipment Type (Life Vest, Evacuation Slide & Raft, Ejection Seat, & Emergency Floatation), Fit (Line fit & Retrofit), Aircraft Type (NB, WB, VLA, RTA, Fighter Jet, & Helicopter), and Region - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1084840 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (35%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (32%), Director Level (38%) and others (30%) from various key organizations operating in the aircraft evacuation market. The primary interviews were conducted worldwide covering regions such as North America (27%), Europe (18%), Asia-Pacific (46%), and RoW (9%).

Research Coverage: This research report categorizes the aircraft evacuation market on the basis of aircraft type (narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jet, helicopter, and fighter jet), equipment type (life vest, evacuation slide, ejection seat, evacuation raft, and emergency flotation), and fit (line fit and retrofit). These segments and subsegments are further mapped across major regions, namely, North America, Europe, Asia-Pacific, Middle East, and the Rest of the World (RoW).

On a related note, another research titled Aircraft Engines Market Global Forecast to 2022says, the aircraft engines market is projected to grow from an estimated $68.05 billion in 2017 to $92.38 billion by 2022, at a CAGR of 5.23% during the forecast period. Asia-Pacific region is projected to be the fastest-growing aircraft engines market during the forecast period. Companies such as General Electric Aviation (U.S.), United Technologies Corporation (U.S.), Safran SA (France), Rolls Royce Holdings PLC (U.K.) have been profiled in this 173 pages research report available at http://www.rnrmarketresearch.com/aircraft-engines-market-by-type-turboprop-turbofan-turboshaft-piston-engine-application-military-aviation-commercial-aviation-general-aviation-platform-fixed-wing-rotary-wing-and-region-global-forec-st-to-2022-market-report.html .

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