The global aircraft fire protection systems market size will grow by USD 302.64 million during 2019-2023. This market report provides a detailed analysis of the market by application (commercial aircraft, military aircraft, and business aircraft) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AAE Ltd., Aerocon Engineering Co., Diehl Stiftung & Co. KG, Halma Plc, McWane Inc., Meggitt Plc, Siemens AG, and United Technologies Corp.
Key Insights on Aircraft Fire Protection SystemsMarket - Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of Aircraft Fire Protection SystemsMarket
The innovations in manufacturing technology have been identified as one of the critical aircraft fire protection systems market trends. Engine manufacturers and aircraft operators are increasingly adopting faster repair and maintenance technologies, such as additive manufacturing to minimize aircraft grounding time. The ability of additive manufacturing technologies to create complex shapes with high accuracy and minimal waste generation will allow market vendors to easily produce intricate components of fire protection systems and achieve a significant reduction in cost-per-part in each overhaul. Moreover, parts manufactured using additive manufacturing have a lower weight than those manufactured using conventional methods. Hence, the demand for additive manufacturing technologies will grow to produce advanced aircraft fire protection systems that are lightweight and provide greater safety from fire. The adoption of such innovative manufacturing technologies is expected to have a positive impact on the growth of the aircraft fire protection system market throughout the next five years.
The aircraft fire protection system market forecast report highlights the advancements in engine technologies as another major factor driving market growth. The rising use of sensors in aircraft engines has significantly reduced associated maintenance costs by improving the maintenance and overhauling of aero-engine parts and components. Advanced materials with high durability are also being used in aircraft engines for ensuring optimal performance, increasing fuel efficiency, and reducing overall operational costs. Aircraft OEMs and engine manufacturers are also focusing on extensive integration efforts to enhance the performance, extend the range, and boost the speed of aircraft engines. The development of such next-generation aircraft engines will require the use of sophisticated fire protection systems to control fire damages in case of fire breakouts. These factors will boost the demand for aircraft fire protection systems, consequently fueling the growth of the market at a CAGR of almost 6% during the forecast period.
Top Companies in Aircraft Fire Protection System Market
The global market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this aircraft fire protection system market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading aircraft fire protection system companies, including:
Aerocon Engineering Co.
Diehl Stiftung & Co. KG
United Technologies Corp.
Aircraft Fire Protection System Market by Application
The commercial aircraft segment will account for the highest aircraft fire protection system market share. The large order books for commercial aircraft will be a significant factor boosting the demand for aircraft fire protection systems in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft fire protection system market size.
Aircraft Fire Protection System Market by Region
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the aircraft fire protection systems market throughout the forecast period. The presence of robust aviation infrastructure and rising investments in the procurement of new fighter jets will contribute to aircraft fire protection system market growth in this region.
Major Highlights of the Aircraft Fire Protection System Market - Global Forecast 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the aircraft fire protection system market during the next five years
Precise estimation of the global aircraft fire protection systems market worth and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the aircraft fire protection system industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of aircraft fire protection system companies
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