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Aerial Firefighting Market Trends

  • Report ID: GMI9572
  • Published Date: May 2024
  • Report Format: PDF

Aerial Firefighting Market Trends

The aerial firefighting industry is witnessing dynamic trends driven by the rising wave of modifications and product launches from leading companies. In response to evolving customer needs and regulatory demands, manufacturers are increasingly focusing on innovations and customization. Some major innovations are improved fire-retardant distribution systems, drones for real-time surveillance, and more efficient aircraft. Moreover, a significant shift toward firefighting aircraft driven by alternative fuels and electricity has also been observed, demonstrating a strong commitment to sustainability. These developments are changing the face of the industry while improving the efficiency and security of aerial firefighting operations. As leading companies continue to push the boundaries of technology and design, the market is poised for further transformation and growth.
 

For instance, in January 2022, OroraTech, a Munich-based startup that specializes in early wildfire detection and monitoring using satellite data and advanced fire algorithm, launched Forest-1 satellite. This was the first step toward OroraTech’s future fleet of nanosatellites, which will provide worldwide coverage of high-resolution thermal-infrared imagery of forests and wildfires.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Industry size for aerial firefighting was USD 1.3 billion in 2023 and is projected to expand at over 5% CAGR from 2024 to 2032, owing to the rising initiatives and regional partnerships aimed at improving aerial firefighting capabilities.

The helicopter segment in the aerial firefighting industry accounted for over 52% revenue share in 2023 and is projected to expand at substantial rate from 2024 to 2032, due to its versatility and effectiveness in combating wildfires.

The firefighting operations service segment in the aerial firefighting industry accounted for 70% share in 2023 and is estimated to witness robust growth between 2024 and 2032, due to their critical role in combating wildfires.

North America industry recorded over 35% revenue share in 2023 and is estimated to depict significant growth between 2024 to 2032, led by the frequent occurrence of wildfire seasons in the area.

Aerial Firefighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 330
  • Countries covered: 23
  • Pages: 280
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