Aircraft Ejection Seat Market Growth Factors m

dnyanesh
dnyanesh 1/19/2022 10:23:26 AM

       Aircraft Ejection Seat Market
Growth Factors, Production, And Regional Application Analysis 

Seat ejection from the aircraft is
one of the primary countermeasures to save the life of the pilot in the event
of an accident or malfunction onboard. The increased focus on the safety of
aircraft pilots is increasing as technology progresses to achieve the safety of
pilots in combat or flights. The market for aircraft ejection seat is projected
to earn revenues amounting to USD 505.4 Million while progressing at a CAGR of
5.25% in the duration of the forecast period. Increasing insight and
development of better and more streamlined components is supporting the
expansion of the aircraft ejection seat market.

The aircraft ejection seat market is found to be
driven by the focus on improving dated military aircraft as a part of the
initiatives to renovate and improve the existing fleet. Countries are also
planning on investing in innovative technologies that will potentially enhance
the operational capabilities of their armed forces. As a result of this factor,
the surge in military spending together with the increasing demand for combat
aircraft is expected to boost the development of the aircraft ejection seat
market. Furthermore, the substantial rise in terrorism and terrorism-related
fatalities is anticipated to increase expenditure on the maintenance or
replacement of ejection seat components & assemblies, service &
overhaul of ejection seats which is expected to further motivate the
development of the aircraft ejection seat market in the upcoming forecast period.

Segmental Analysis

The segmentation of the aircraft
ejection seat market is carried out on the basis of aircraft type, seat type,
and region. On the basis of aircraft type, the aircraft ejection seat market is
divided into two segments namely combat aircraft and trainer aircraft. The
combat aircraft segment of aircraft ejection seat market is expected to observe
a CAGR of 5.32% through the forecast period. On the basis of seat type, the
market for aircraft ejection seat consists of single seat and twin seat. The
twin-seat segment of aircraft ejection seat market is projected to witness a
CAGR of 5.32% during the forecast period. The regions that are included in the
market are Europe, North America, Asia Pacific, the Rest of the World.

Detailed Regional Analysis 

The aircraft ejection seat market includes regions
such as Europe, North America, Asia Pacific, the Rest of the World. The
European region is anticipated to be responsible for the major market stake of
35.42% in 2018, with a market value touching USD 138.6 million, and is
estimated to progress at a CAGR of 4.96% during the forecast period. The
leadership of the region is attributed to the presence of prominent combat
aircraft manufacturers such as Saab, Sukhoi, Dassault, etc. The antagonistic
position of Russia in Ukraine and elsewhere has increased the demand for combat
aircraft in other European countries. This factor influences the demand for
aircraft ejection seats in this region due to which the aircraft ejection seat
market in the European region is anticipated to perceive excellent growth in
the forecast period.

The North American region is
anticipated to be the subsequent principal market in 2018 with a value of USD
111.2 million in 2018. The North American region is likely to observe a CAGR of
5.43% in the forecast period. Though, the Asia Pacific is expected to see the
highest CAGR of 5.66% in the duration of the forecast period. However, as the
US is the prime line-fit as well as the retrofit market for aircraft ejection
seats in the world the North American region is poised to see significant
growth in the coming years. This existence of prominent combat aircraft
manufacturers such as General Dynamics and Lockheed Martin as well as ejection
seat OEMs such as UTC Aerospace is expected to encourage the development of the
market further in the coming years. The spending diverted to the defense budget
in the US is likely to strengthen the market due to the demand for new fighter
jets, destroyers, tanks, Black Hawk helicopters, submarines as well as
supersonic weapons.

 

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Competitive Analysis

The players in the aircraft ejection
seat market have been implementing a gamut of strategies ranging from product
presentations to global ventures to expand and sustain in the market. Modest
competition, speedy changes in technology, and advancing integrated solutions
are the important factors that are influencing the market development. Vendors
contest primarily in terms of product quality, and aircraft compatibility. It
is imperative for the players to proffer cost-effective and dependable ejection
seat to prosper in the market in future.

NPP Zvezda, AO (Russia), SEMMB
(France), Airborne Systems Inc. (UK), Survival Equipment Services Ltd. (UK),
Martin-Baker Aircraft Co. Ltd. (UK), UTC Aerospace Systems (US), RUAG Holding
AG (Switzerland), EDM Limited (UK), RLC Group (UK) and Clarks Precision Machine
& Tool (US) are few of the notable players shaping the market for aircraft
ejection seat.

 

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dnyanesh
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