The Global Aircraft Fire Protection Systems Market to grow from USD 941.44 Million in 2019 to USD 1,272.59 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.15%.
Market Segmentation & Coverage:
The research report categorizes the Aircraft Fire Protection Systems Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Fit, the Aircraft Fire Protection Systems Market studied across Linefit Aircraft and Retrofit Aircraft.
Based on Aircraft Type , the Aircraft Fire Protection Systems Market studied across Civil Aircraft and Military Aircraft. The Civil Aircraft further studied across Civil Helicopters, Commercial Passenger/Cargo Aircraft, and General Aviation Aircraft. The Military Aircraft further studied across Fighter Jets, Military Helicopters, and Transport Carriers.
Based on Platform, the Aircraft Fire Protection Systems Market studied across Fixed-wing Aircraft and Rotary-wing Aircraft.
Based on Zone, the Aircraft Fire Protection Systems Market studied across Cargo & Baggage Compartments, Engines & Auxiliary Power Unit, and Lavatories.
Based on Product, the Aircraft Fire Protection Systems Market studied across Alarm & warning systems, Fire Detection Systems, Fire Extinguishing Systems, and Fire suppression systems.
Based on Application, the Aircraft Fire Protection Systems Market studied across Aircraft Cargo Compartments, Auxiliary Power Units, Cabins & Lavatories, Cockpits, and Engines.
Based on End User, the Aircraft Fire Protection Systems Market studied across Civil & Commercial and Military & Defense.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Aircraft Fire Protection Systems Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Aircraft Fire Protection Systems Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are modernization of the existing aircraft, increased demand for new aircraft across the globe, and replacing the old aircrafts by new fire protection technology installed aircrafts. However, some factors such as lack of proper aviation infrastructure & imposition of additional aviation taxes in emerging economies and high installation cost of sensors, alarm, and various automated systems may hinder the market growth. The Aircraft Fire Protection Systems Market expected to showcase the opportunities such as stringent safety regulations, laws and norms, innovations in additive manufacturing technology, and development of adavnce aircraft fire protection systems. Soon market may face the possible challenges in the growth due to minimization of false alarm issues. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Aircraft Fire Protection Systems Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Aircraft Fire Protection Systems Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Aircraft Fire Protection Systems Market, including Advanced Aircraft Extinguishers, Aerocon engineering, Amerex Corporation, AMETEK Inc., Curtiss-Wright Corporation, Diehl Stiftung & Co. KG, FFE Limited, Gentex Corporation, Gielle Group, H3R Aviation, Inc., Halma PLC, Hochiki Corporation, Honeywell International Inc., Janus Fire Systems, Johnson Controls International PLC, Meggitt PLC., Minimax Viking GmbH, Omnigas Systems, Inc., Raytheon Technologies Corporation, Robert Bosch GmbH, Southern Electronics Pvt Ltd, The Chemours Company, United Technologies Corporation, Ventura Aerospace, Inc., and Vulcan Fire Systems, Inc..