Global Aviation Life Rafts Market 2017-2021

Overview of the global aviation life rafts market

Aviation life rafts industry analysis on the global aviation life rafts market identifies that the increased demand for lightweight safety solutions will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 5% by 2021. Lowering the structural weight of an aircraft is one of the key approaches used to enhance its performance. Weight reduction is not just restricted to the main aircraft components but also spreads across the smallest part of the aircraft. Some lightweight materials that have been used recently in aircraft cabin components are aluminum alloys, composites, and hybrid materials. Also, the Civil Aviation Safety Authority (CASA) support the utilization of lightweight Neoprene fabric for the manufacture of aviation life rafts that can be used by 4 to 11 passengers based on the size of each raft. The adoption of innovative technologies based on using lightweight materials in life rafts will improve the aircraft performance.

The increasing utilization of auto-inflatable life rafts is one of the key trends that will contribute to the growth of this market in the forthcoming years. The auto-inflatable life rafts are lighter in weight and inflate instantaneously as a conventional aircraft can sink in water much quicker than other vessels. These life rafts (weighs around 50 pounds) are stored in a container or valise that is easily accessible. These life rafts inflate automatically in emergency times in maximum of 30 seconds to shield the survivors. The auto-inflatable life rafts help the crash survivors stay afloat and protect the crash survivors against hypothermia that can be fatal within minutes. These advantages will drive its adoption rates of the auto-inflatable life rafts in the aviation industry.

Competitive landscape and key vendors  

The key players in the aviation life rafts market compete based on cost, product quality, reliability, and market share. The vendors in the market are modernizing their offerings by equipping technologically advanced materials and components. Also, the aircraft cabin manufacturers and life rafts providers are constantly investing in combined efforts among themselves and increasing their partnerships with suppliers to enhance the existing life raft manufacturing technologies.

The leading vendors in the market are ?

• EAM WORLDWIDE
• Revere Survival
• Survival Products
• WINSLOW LIFERAFT COMPANY
• Zodiac Aerospace

The other prominent vendors in the market are C&M Marine Aviation Services and Switlik.

Segmentation by seating capacity and analysis of the aviation life rafts market

• Large-sized life rafts
• Medium-sized life rafts
• Small-sized life rafts

During 2016, the large-sized life rafts accounted for the major shares of the aviation life rafts market. The availability of high-quality and lightweight arch tubes that can be inflated by separate carbon dioxide cylinders or manual inflation tubes and the integration in narrow-body aircraft will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the aviation life rafts market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the aviation life rafts market throughout the forecast period. The strong aviation manufacturing network and the presence of highest fleet operating companies will drive the growth of the market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global aviation life rafts market?
• What are the key market trends impacting the growth of the global aviation life rafts market?
• What are the challenges to market growth?
• Who are the key vendors in the global aviation life rafts market?
• What are the market opportunities and threats faced by the vendors in the global aviation life rafts market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global aviation life rafts market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the aerospace and defense industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like aerospace components. This upcoming industry research report on the global aviation life rafts market offers insights into the major trends and evolving drivers inducing the growth of the aerospace components industry.

Our market research analysis includes top-down and bottom-up approaches like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various aerospace and defense products and services and offers an all-inclusive picture of the global aviation life rafts market for the estimated period of 2017-2021.As predicted by our market research experts, specific research initiatives directed towards water survival may influence the demand for the aviation life rafts in the coming years. This upcoming market research report on the global aviation life rafts market also covers vendors like PSI Survival, Safetech, SMA, Revere Survival Inc, C&M Marine Aviation Services, Survival Products, and Winslow Life Raft Company. Also, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global aviation life rafts market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global aviation life rafts market also categorizes the key drivers, major trends, as well as the constraints that the aerospace components sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the aerospace and defense industry. Technavio also provides insights into the sectors such as defense and aerospace.

Our market research methodology for the aviation life rafts market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.