Market Overview:
Aircraft fire protection systems market share Size is projected to reach USD 3.1 Billion by 2030 and Grow at a CAGR of 6% from 2020 to 2030.
The aircraft fire protection systems market share is divided into fire detection system, alarm warning system, and fire suppression system. In 2017, the fire detection system segment accounted for the largest market share as it covers various components such as sensors, optical detectors among others which are vital in detecting any prominent abnormalities and aiding crew in taking preventive measures. Based on aircraft, the market is divided into civil aircraft segment and military aircraft segment.
Factors like the emphasis on aircraft modernization programmes and rising demand for both military and commercial aircraft are favourably affecting the aircraft fire protection systems market insight for aviation fire protection systems. The growing importance of aviation safety and the steps done to ensure safe flying also contribute to the market's expansion. The market players are faced with a difficulty in designing an efficient extinguishing system that suppresses fire with no impact on the aircraft's components. However, the current backlog in new aircraft deliveries inhibits market growth to some extent. In the meantime, the market for aviation fire protection systems is experiencing potential growth due to the introduction of new aircraft manufacturers in the Asia-Pacific region. Type, aircraft, application, fit, and other factors have been used to segment the global market for aircraft fire protection systems.
Market Segmentation:
The global aircraft fire protection systems market industry share has been segmented based on type, aircraft, application, fit and region.
Based on type, the aircraft fire protection systems market share is divided into fire detection system, alarm warning system, and fire suppression system. The fire detection system segment is estimated to account for the largest market share while the fire suppression system segment is projected to witness the highest CAGR during the forecast period. The fire suppression system is most important in extinguishing fire and increasing the survivability during accidents or crashes.
Based on aircraft, the aircraft fire protection systems market share is divided into civil and military aircraft. The civil aircraft segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. Meanwhile, rising defense spending especially in developing countries and focus on procuring military aircraft to enhance combat capabilities is positively impacting the demand for aircraft fire protection systems in military aircraft.
Based on application, the aircraft fire protection systems market share is divided into cargo baggage compartments, engines and auxiliary power unit (APU), cabins lavatories, and others. The engines APU segment is estimated to account for the largest market share while the cargo baggage compartments segment is projected to witness the highest CAGR during the forecast period. The cargo bay of the aircraft requires effective fire protection since it is difficult to access these compartments during flight.
Based on fit, the aircraft fire protection systems market share is divided into line-fit and retrofit. The line-fit segment is estimated to account for the largest market share while the retrofit segment projected to witness a higher CAGR during the forecast period as these systems require timely checks, maintenance, and replacement in order to enhance safety.
Key Players:
The aircraft fire protection systems key market players are Advanced Aircraft Extinguishers, Ltd. (US), Aerocon Engineering Co. (US), Amerex Corporation (US), Diehl Stiftung Co. KG (Germany), Gielle Group (Italy), Halma plc (UK), H3R Aviation, Inc. (US), Meggitt plc (UK), Siemens AG (Germany), and United Technologies Corporation (US).
Regional Analysis:
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America accounted for the largest market share, whereas Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for both combat and commercial aircraft in countries such as China, and India.
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