The Aircraft Ejection Seat Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Ejection Seat Global Market Report 2024, The aircraft ejection seat market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to military modernization programs, aircraft upgrades and retrofits, focus on pilot safety, international conflicts and tensions, government defense budgets.
The aircraft ejection seat market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to next-generation aircraft procurement, rising threats and security concerns, focus on zero-zero capability, human factors and biometrics, global military alliances. Major trends in the forecast period include integration of smart technologies, technological advancements, smart ejection systems, lightweight and compact designs, human factors engineering.
The rising demand for combat aircraft is expected to propel the growth of the aircraft ejection seat market going forward. Combat aircraft, also known as military aircraft, are aircraft that are designed for use in military operations. These aircraft are used for various purposes, including air-to-air combat, ground attack, reconnaissance, and military personnel and equipment transport. Safety concerns have become a top priority with the increased use of combat aircraft. Aircraft ejection seats are designed to provide a safe and efficient means of escape in emergencies, such as during a mid-air collision or when the aircraft is about to crash. As a result, there is a growing demand for more advanced and sophisticated ejection seats to enhance the safety of pilots. For instance, in January 2022, according to the sales report of Lockheed Martin, a US-based aerospace, arms, and defense corporation, the company delivered 142 Lockheed Martin F-35 Lightning II fighter jets in 2021, a 17% rise from 120 in 2020. Therefore, the rising demand for combat aircraft is driving the growth of the aircraft ejection seat market. Therefore, the rising demand for combat aircraft is driving the growth of the aircraft ejection seat market.
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The aircraft ejection seat market covered in this report is segmented –
1) By Seat Type: Single Seat, Twin Seat
2) By Aircraft Type: Combat Aircraft, Trainer Aircraft
3) By Fit: Line-Fit, Retro-Fit
4) By Component: Seat Actuator, Belts, Parachute, Other Components
5) By Application: Military, Civil And Commercial
Major companies operating in the aircraft ejection seat market are focused on developing innovative technology, such as ejection seat, to sustain their position in the market. An ejection seat is a specialized seat in an aircraft, primarily military jets and some high-performance civilian planes, designed to propel the pilot or other crew members out of the aircraft in an emergency. For instance, in 2023, Collins Aerospace, a US-based aerospace and defense company, launched the ACES 5, a next-generation ejection seat. The ACES 5 ejection seat is designed to help aircrew members safely eject from an aircraft in an emergency. The seat incorporates advanced technology improvements while retaining the proven performance of the legacy ACES II ejection seat. The ACES 5 ejection seat has been rigorously tested to validate its performance, reliability, and compliance with the latest safety requirements. The seat features an advanced rocket motor and stability package (STAPAC) that compensates for pitch changes due to varied aircraft configurations. The ACES 5 ejection seat exceeds F-35 requirements with less than 5% risk of major injury. The ACES 5 ejection seat is compatible with various military aircraft.
The aircraft ejection seat market report table of contents includes:
1. Executive Summary
2.Aircraft Ejection Seat Market Characteristics
3. Aircraft Ejection Seat Market Trends And Strategies
4.Aircraft Ejection Seat market analysia
5.Aircraft Ejection Seat Market Size And Growth
6.Aircraft Ejection Seat Segmentation
7.Aircraft Ejection Seat Regional And Country Analysis
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27.Aircraft Ejection Seat Competitive Landscape And Company Profiles
28.Aircraft Ejection Seat Key Mergers And Acquisitions
29. Aircraft Ejection Seat Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Aircraft Mechanics Inc.
- Lockheed Aircraft Corp.
- Honeywell International Inc.
- Rostec State Corporation
- Eaton Corporation PLC
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