Aircraft Evacuation Market Size

Aircraft Evacuation Market Size

Aircraft Evacuation Market Size exceeded USD 1 Billion in 2020 and is anticipated to grow at a CAGR of over 6.2% from 2021 to 2027. Stringent government regulations on significant improvements in passenger safety and reduction in passenger injuries during an evacuation will provide a positive scope for the market expansion.

Global air travel has increased steadily over the last two decades and passenger growth will nearly double the air traffic in the next ten years. Aircraft manufacturers are designing airframes that are capable of carrying 800 to 900 passengers to accomplish the increasing demand. This development poses serious risks to passenger safety during emergency aircraft evacuation. Aircraft manufacturers are making substantial improvements in the safety standards of the aircraft including design, operations, and maintenance. They are equipping the aircraft with life vests, escape slides, evacuation rafts, inflatable floatation devices, and ejection seats to ensure passenger safety in cases of emergencies such as technical malfunctions, bad weather, and fire & smoke problems.
 

MROs are also actively involved in the aircraft evacuation market. They carry a full line of evacuation equipment and assist airline operators with installation & overhaul services as per the guidelines of aviation authorities. They specialize in repairing & replacing life vests, escape slides, and evacuation rafts after their scheduled replacement cycle in commercial aircraft.
 

The increasing prevalence of fatal flight controls in terrain accidents is challenging the aircraft evacuation market. These fatal accidents occur due to damage in the cabin & other aircraft parts, bird strikes, mid-air collisions, and runway safety during landing. Moreover, the low reliability of aircraft evacuation systems, such as ejection seats and evacuation rafts, are restraining the market growth. Government spending to improve the reliability of these systems will provide a positive outlook for the industry expansion during the forecast timeframe.