The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Evacuation Market.

It was estimated prior to this unanticipated outbreak that the Aircraft evacuation market  was likely to witness an impressive CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Rise in situational awareness to execute operations and increase in demand for real-time analytics are the prime factors that are expected to bolster the growth of the global aircraft evacuation market during the forecast period.

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Aircraft Evacuation Market Segment Insights:

By Equipment Type:

The evacuation slide segment is expected to register the highest growth in the coming five years. Further, the segment is projected to lead the market owing to the extensive adoption rate of evacuation slides, which is 100% in all commercial passenger aircraft coupled with an increased demand for new aircraft.

By Aircraft Type:

The narrow-body aircraft segment was expected to remain dominant in 2018, and is estimated to sustain its dominance during the forecast period. Boeing’s Current Market Outlook 2017, estimated, the current global fleet size of narrow-body aircraft which is 14,870, to reach the unprecedented milestone of 32,280 aircraft by 2035. Asia and North America account for the largest fleet of narrow-body aircraft with 4,540 and 4,010 aircraft, respectively. Rise in demand for narrow-body aircraft across the globe is stimulating the aircraft evacuation market.  

By Fit Type:

The linefit segment dominated the market and is expected to maintain its dominance during the forecast period.

By Region:

North America was estimated to remain dominant in the aircraft evacuation market in 2018. The aviation industry is one of the most lucrative industries in North America, with the presence of giant aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Bell Helicopter (U.S.), Lockheed Martin (U.S.), and Sikorsky Aircraft (U.S.) in the region. The market is driven by the demand for aircraft evacuation, generated by these manufacturers. Further, airlines are also playing a pivotal role in creating the demand for aircraft evacuation through the retrofit segment. North America is expected to sustain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer sizeable growth opportunities during the forecast period.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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