Increasing incidents of emergency landing is driving the growth in the global aircraft evacuation slide market in the forecast period, 2022-2026.
According to TechSci Research report, “Aircraft Evacuation Slide Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”. The global aircraft evacuation slide market has a potential to project an impressive CAGR toward forces growth in the period, 2022-2026, on the account of expanding tourism industry. Increasing travel and tourism after the pandemic relaxation is also aiding to the growth of the global aircraft evacuation slide market in the upcoming five years. Moreover, demand for the new commercial flights is increasing and driving the growth of the global aircraft evacuation slide market in the next five years. Additionally, increasing instances of emergency landing due to various reasons like technical glitches in aircraft panels or when aircrafts are under the fault due to some mechanical abnormalities, is supporting the growth of the global aircraft evacuation slide market in the future five years. Other reasons of emergency landing include abduction, rescue, terrorist attacks, unruly passengers, etc. that also are some of the significant reasons for the growth of the global aircraft evacuation slide market in the forecast years, until 2026.
Furthermore, the technological advancement in the aircraft construction and stricter government regulations at airport security management might hinder with the futuristic growth of the global aircraft evacuation slide market in the next five years.
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The global aircraft evacuation slide market is segmented on the basis of aircraft type, demand category, competitional landscape, and regional distribution. Based on aircraft type, the market is further fragmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business aircraft. Wide-body aircrafts are anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment in the upcoming five years on the account of rising demand for wide-body aircrafts owing to its advantages. The passenger capacity of the wide-body aircraft is more in comparison to other types. Moreover, increasing demand for the commercial flights is further aiding the demand of the wide-body aircrafts, thereby supporting the growth of the global aircraft evacuation slide market in the next five years. Narrow-body aircrafts are also anticipated to register significant growth in the future five years on the grounds of rising disposable income among the population. Consumers are inclined to maintain a higher standard of living, with their disposable income, they are able to afford a narrow-body aircraft and increasing aircraft demands for such consumers is supporting the growth of the global evacuation slide market in the forecast years as well.
On the basis of demand category, the market is bifurcated into OEM, and replacement. Replacement sub-segment is anticipated to register the largest revenue generating shares of the market and thus dominate the market segment in the next five years. The market is anticipated to grow on the backbone of increasing number of emergency landing. Often once the evacuation landing is completed, replenishing the evacuation slides supports the demand for the replacement of the old evacuation slide with a new one, thus aiding to the growth of the global aircraft evacuation slide market in the upcoming five years. OEM or original equipment manufacturer demands might register significant growth in the future five years on the grounds of increasing demand for the new commercial planes in the industry. The demand for increasing fleet sizes by various travel companies is further substantiating the growth of the global aircraft evacuation slide market in the upcoming five years.
Some of the market players, dominating the global market are:
- SAFRAN SA
- Tulmar Safety Systems Inc.
- UTC Aerospace Systems
- EAM Worldwide
- Trelleborg AB
These market players along with new market entrants, are focused on extensive research and bringing innovative and advanced products. Technologically advanced manufacturing of the evacuation slide would aid in decreasing the cost of the production and aid the players in managing their investments. Moreover, initiatives from the government and private fundings would support the global aircraft evacuation slide market growth indirectly.
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“Europe & CIS region is anticipated to dominate the global market region-segment analysis in the upcoming five years on the account of increasing demand for the commercial aircrafts. Tourism industry is currently booming in the countries like France, Germany, Belgium, etc. Demands for the commercial aircrafts and new aircrafts is rapidly increasing owing to the market players in the tourism industry demanding bigger fleet sizes. Also, OEM demands are increasing in the countries like France, and are further supporting the growth of the global aircraft evacuation slide market in the next five years. New market players are advised to focus on the research to find out more reliable and strong raw material for the construction of the evacuation slides, this would support their brand value and market establishment in the future too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Aircraft Evacuation Slide Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Aircraft Type (Narrow-body Aircraft, Wide-Body Aircraft, Regional Aircraft, Business Aircraft), By Demand Category (OEM vs Replacement), By Region”, has evaluated the future growth potential of global aircraft evacuation slide and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global aircraft evacuation slide market.
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