Stratview Research has recently published a report on the Aircraft Fire Protection Systems Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Product Type (Fire Detection Systems, Alarm & Warning Systems, and Fire Suppression Systems), by Application Type (Engines, Cabins, Cockpits, Auxiliary Power Units, and Cargo Compartments), by Fit Type (Line fit and Retrofit), by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Fire Protection Systems Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Aircraft Fire Protection Systems Market is estimated to grow from USD 895.36 million in 2021 to reach UDS 1279.07 million by 2028 at a healthy CAGR of 5.09% during the forecast period.
Some of the companies drive the market growth:
- Advanced Aircraft Extinguishers (AAE)
- Amerex Corporation
- Diehl Stiftung & Co. Kg
- Gielle Groups
- Halma plc
- H3R Aviation Inc.
- Meggitt plc
- Siemens AG
- UTC Aerospace.
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By Product Type
The market is classified as fire detection systems, alarm & warning systems, and fire suppression systems. All the three systems play a crucial role in the detection of fire to alarm the passengers and crew about the fire, and to take proper actions to extinguish the fire. All the three systems are likely to grow healthy rate in the coming years. However, the fire suppression system is estimated to register a higher CAGR during the forecast period, driven by a host of factors including an increased production of new deliveries as well as stringent regulations regarding the usage of the halogen-free system in both new as well as existing aircraft fleets.
North America is expected to remain the largest market for aircraft fire protection systems during the assessment period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft fire protection systems manufacturers, distributors, and raw material suppliers. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements than these technologies gradually transmitted to other parts of the world like China and India.
This report offers high-quality insights and is the outcome of a 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.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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