The Aircraft Fire Protection Systems 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 Fire Protection Systems Global Market Report 2024, The aircraft fire protection systems market size has grown strongly in recent years. It will grow from $1.73 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to materials innovation, aviation safety regulations, incident case studies, aircraft design evolution, government initiatives..
The aircraft fire protection systems market size is expected to see strong growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to demand for environmentally friendly solutions, global air traffic expansion, electric aircraft development, increased focus on passenger safety.. Major trends in the forecast period include material innovations, advancements in detection technology, automation integration, enhanced training and procedures, integration of ai and iot.
An increase in the number of new aircraft is expected to drive the growth of the aircraft fire protection systems market. Aircraft refers to vehicles that are designed to be capable of flying in the Earth’s atmosphere. They are used for the transportation of passengers, goods, or military personnel and equipment, as well as for aerial surveillance, rescue operations, and other purposes. Aircraft fire protection systems are primarily used in aircraft to detect and extinguish fires that may occur in the aircraft during flight or on the ground. They use a combination of sensors, alarms, and extinguishing agents to detect and control fires, which is important for the safety of passengers, crew, and the aircraft itself. For instance, in February 2023, according to reports shared by the White House, a US-based government official residence, the US will purchase 200 brand-new airplanes from Air India by 2023. Furthermore, in March 2023, according to reports published by Oliver Wyman, a US-based business management firm, in 2020, world aircraft was 27,400, and they were expanded to reach 33 percent to over 36,000 aircraft by 2033. Therefore, the increase in the number of new aircraft is expected to propel the growth of the aircraft fire protection systems market.
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The aircraft fire protection systems market covered in this report is segmented –
1) By Type: Fire Detection Systems, Alarm And Warning Systems, Fire Suppression Systems
2) By Aircraft Type: Civil Aircraft, Military Aircraft, Fighter Jets, General Aviation Aircraft, Commercial Passenger, Cargo Aircraft, Military Helicopters
3) By Application: Cabins And Lavatories, Cockpits, Cargo Compartments, Engine And APUs (Auxiliary Power Units)
Product innovation is a key trend gaining popularity in the aircraft fire protection systems market. Major companies operating in the aircraft fire protection systems market are focusing on developing innovative products to sustain their position in the market. For instance, in September 2022, Die Diehl Stiftung & Co. KG, a Germany-based interiors and avionics specialist, launched integrated fire protection solutions for the rail and aviation sectors. This innovative set of fire protection solutions for aviation includes sensitive, autonomous smoke detectors and fire protection control systems. It helps ensure rapid and automatic detection of fires as well as safe firefighting. Additionally, it detects the smoke and heat in the aircraft and trains and detects damage before it occurs. This is designed with the passenger’s safety in mind.
The aircraft fire protection systems market report table of contents includes:
1. Executive Summary
2. Aircraft Fire Protection Systems Market Characteristics
3. Aircraft Fire Protection Systems Market Trends And Strategies
4. Aircraft Fire Protection Systems Market – Macro Economic Scenario
5. Global Aircraft Fire Protection Systems Market Size and Growth
6. Aircraft Fire Protection Systems Market Segmentation
7. Aircraft Fire Protection Systems Market Regional And Country Analysis
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27. Aircraft Fire Protection Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Fire Protection Systems Market
29. Aircraft Fire Protection Systems Market Future Outlook and Potential Analysis
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