Global Aircraft Fire Protection Systems Market is Estimated to Reach $2 Billion by 2025, Says Accurize Market Research
Global aircraft fire protection systems market report published by Accurize Market Research forecast that the global market is expected to reach $2 billion by 2025; growing at a CAGR of 5.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing demand for real-time error management and increased need for custom alerting & analysis solutionsacross the globe to drive the growth of the market
Increasing demand for real-time error managementand increased need for custom alerting & analysis solutions fuel the demand for the global aircraft fire protection systems market. Moreover,huge demand for performance monitoring also boosts the growth of the market.
MarketSegmentation
The global aircraft fire protection systems market has been bifurcated on the basis of product, application, fit, aircraft type and geography. Product segment comprises fire detection systems, alarm & warning systems, and fire suppression systems. By application, the segmentation is given as engines, cabins & lavatories, cockpits, Auxiliary Power Units (APUs), and aircraft cargo compartments. Furthermore, line fit and replacement are included into fit segment. The aircraft type segment is further sub-segmented into civil aircraft and military aircraft
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S. and Canada whereas Europe segment consists of Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Russia, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
“Line fit is projected to grow at a higher CAGR in the fit segmentduring the forecast period”, says accurize
By fit segment, line fit is projected to grow at a higher CAGR than the replacement segment over the forecast period. The projected higher growth rate of the line fit segment in the aircraft fire protection systems market is due to the increase in aircraft orders and deliveries, economic growth across areas and increase in air passenger traffic.
Top players in the market
The key market players include Advanced Aircraft Extinguishers (AAE), Siemens, H3R Aviation,Halma, Gielle Groups, United Technologies, Amerex, ,Aerocon Engineering,Diehl Stiftung& Co. Kg, and Meggittamong others.
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