The global aircraft fire protection systems market size is expected to be worth USD 2.50 Billion in 2023. It is expected to grow at a CAGR of 5.45% during the forecast period and reach a value of USD 3.26 Billion by 2028.
The aircraft fire protection systems are generally installed near the interior of the aircraft, engine compartments, and fuselage areas to immediately detect the occurrence of fires and take measures to ensure the safety of passengers, the cabin, the cargo, and the aircraft. Aircraft fire protection system in case of a fire-related emergency, trace the cause of the fire, inform the occupants of the plane of imminent danger, and take corrective measures, such as extinction. It plays a vital role in the conversion of air into inert gas to prevent combustion caused by fire. Water, carbon dioxide, and dry powders are widely used extinguishing agents in aircraft fire protection systems.
As the demand for next-generation aircraft in the commercial, military, and general aviation sectors grows, the need for advanced and better fire safety systems on airplanes is expected to emerge.
MARKET DRIVERS:
Key factors that initiate the growth of the global aircraft fire protection system market are the increase in passenger traffic, strict regulations on the use of halogen-free fire extinguishers, the development of fire protection systems, the introduction of high-propulsion engines, and the increased supply of commercial aircraft to support the growing aircraft fleet. Aircraft fire prevention systems are located near the engine and the fuselage to detect fires and ensure therapeutic measures to protect the safety of passengers and crew, cargo, and aircraft. An increase in commercial and regional aircraft shipments to support the increase in airline passenger transport, increase in the participation of wide-body aircraft, increase in fleet size, and the advancement of fire protection technologies in commercial aircraft transportation are crucial to improving the demand for fire protection systems in the aviation industry.
MARKET RESTRAINTS:
However, frequent maintenance requirements, delays in aircraft delivery and cancellation of orders, and limitations to the adoption of new technologies and equipment may restrict the expansion of the aircraft fire protection system industry during the forecast period.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
5.45% |
Segments Covered |
By Product Type, Application, Aircraft Type, & Region |
Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global aircraft fire protection systems market has been segmented and sub-segmented into the following categories.
Aircraft Fire Protection Systems Market - By Product Type:
All three systems play a decisive role in fire detection, warning passengers and fire crew, and taking appropriate measures to extinguish the fire.
Aircraft Fire Protection Systems Market – By Application:
The engine segment is expected to grow larger and faster over the next five years due to the introduction of a powerful engine combined with growing fire protection systems.
Aircraft Fire Protection Systems Market - By Aircraft Type:
The commercial aircraft segment is likely to remain the largest segment in the market during the forecast period.
Aircraft Fire Protection Systems Market – By Region:
North American aircraft fire protection systems market accounted for the leading portion of the global business in 2019, owing to the presence of market giants and the rise in the number of aircraft usage and sales across the region. Moreover, the Asia Pacific aircraft fire protection systems market is predicted to expand at the highest CAGR in the coming years, attributed to the increased air travel passengers and investments in modernizing the existing planes. China is the major contributor to the Asia-Pacific market, followed by India, Indonesia, and others.
KEY MARKET PLAYERS:
Meggit Plc, United Technologies Corporation, Siemens AG, FEE Limited, Diehl Aerospace, H3R Aviation, Gielle Industries, Advanced Aircraft Extinguishers, Halma, Others
RECENT HAPPENINGS IN THE MARKET:
Frequently Asked Questions
The Aircraft Fire Protection Systems Market refers to the industry and market segment dedicated to developing, manufacturing, and implementing systems designed to detect, control, and extinguish fires in aircraft.
The global aircraft fire protection systems market size is expected to be worth USD 2.50 Billion in 2023. It is expected to grow at a CAGR of 5.45% during the forecast period and reach a value of USD 3.26 Billion by 2028.
The segments covered in the Aircraft Fire Protection Systems Market are Product Type, Application, Aircraft Type, and Region.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region