Rise in focus on pilot safety and stringent safety regulations are expected to drive the demand for global aircraft ejection seat market in the forecast period, 2023-2027.
According to TechSci Research report, “Aircraft Ejection Seat Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global aircraft ejection seat market is anticipated to witness steady growth in the forecast period, 2023-2027. In an aircraft, an ejection system is designed to rescue the pilot or other crew of an aircraft during an emergency. The seat is propelled out of the aircraft by a rocket motor or an explosive charge while carrying the pilot along with it. Once the ejector seat is clear of the aircraft, it deploys a parachute. Aircraft ejector seats are commonly installed in certain kinds of military aircraft. The global aircraft ejection seat market is driven by innovations in aircraft fleet technology and the high demand from the military sector.
However, the high cost associated with the installation of aircraft ejection seats and injuries that may happen at the time of aircraft seat ejection may restrain the market growth in the forecast period.
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The global aircraft ejection seat market is segmented into aircraft type, fit type, seat type, application, regional distribution, and competitive landscape.
Based on aircraft type, the market is divided into combat aircraft and trainer aircraft. Combat aircraft are expected to hold the largest market share in the forecast period. Growing cross-border disputes and terrorism activities have made the leading authorities invest more in the development of the defense sector. The governments of different countries invest significant amounts in procuring new combat aircraft and adopting new technologies and weapons to equip their armed forces to counter any situation. High installation of aircraft ejection seats in combat aircraft and the high demand for combat aircraft are expected to fuel the market demand in the forecast period.
Based on seat type, the market is bifurcated into the single seat and twin seat. The single seat is expected to hold the largest market share owing to the high production and sales of aircraft having a single seat.
Based on application, the market is divided into military and, civil & commercial. The commercial segment is expected to witness the fastest incremental growth in the forecast period. The high disposable income of the consumers and the shift in preference of travelers to travel via air modes is driving the demand for commercial aviation services. Commercial aviation installs aircraft ejection seats to ensure the safety of pilot and crew in case of an emergency situation.
On the basis of regional analysis, the North American region is expected to hold the largest market share in the forecast period. The huge number of passengers preferring to travel via air modes is driving the market demand in the region. Also, the presence of major market players in the region, such as United Technologies Corporation, and Clark Precision Machine & Tool, are influencing the market demand.
Major market players operating in the global aircraft ejection seat market are:
- Clarks Precision Machine & Tool
- NPP Zvezda
- RLC Group
- Survival Equipment Services Ltd.
- Holding AG.
- Airborne Systems Inc.
- United Technologies Corporation
- EDM Limited
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“The high demand for aircraft that can perform well during combat situations and also ensures the safety of pilots is on the rise. The continuous rise in the defense budget is making the leading authorities look for a solution that is advanced from their previous versions. Armed forces personnel are considered a crucial asset for any country, and the need to keep them safe during military exercises, combat situations, and war situations is expected to influence the market demand. Procurement of advanced aircraft equipped with aircraft ejection seats by the defense forces is expected to propel the growth of the global aircraft ejection seat market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Aircraft Ejection Seat Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Aircraft Type (Combat Aircraft and Trainer Aircraft), By Fit Type (Line-Fit and Retro-Fit), By Seat Type (Single Seat and Twin Seat), By Application (Military and Civil & Commercial), and By Region”, has evaluated the future growth potential of global aircraft ejection seat market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global aircraft ejection seat market.
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