Market Trends of Aircraft Ejection Seat Industry
Combat Aircraft Segment is Projected to Dominate the Market During the Forecast Period
The combat aircraft segment is projected to dominate the market during the forecast period. The increasing geopolitical conflicts have driven nations to modernize and upgrade their aircraft fleets to gain a strategic advantage over the adversary forces or be on par with them in terms of defense capabilities. The ongoing Russia-Ukraine conflict has triggered widespread panic as more nations have placed orders for new-generation combat and training aircraft and have even prioritized procurement and R&D efforts for pipeline projects such as those of sixth-generation aircraft such as the Tempest and the F/A-XX.
North America is Expected to Dominate the Market During the Forecast Period
In 2022, North America had the largest share of the market for aircraft ejection seats. This was mostly due to the United States' strong fleet modernization programs. The US Department of Defense (DoD) is working on updating its fleet of fighter planes right now. Under the F-35 Joint Strike Fighter (JSF) Program, the US Department of Defense plans to acquire more than 2,400 new generations of F-35 aircraft. The F-35A is expected to replace the older F-16 and F-15 fighter aircraft that are in service with the US. Martin-Baker supplies the Mk16-US16E ejection seats for the F-35 Joint Strike Fighter program. As the armed forces continue to procure the three variants of F-35s in large numbers, they are also procuring fourth-generation fighters like the F-15EX and F/A-18 Super Hornets to complement the fifth-generation fighter aircraft for various branches of their military. Likewise, in order to mitigate the critical shortage in aircraft pilot numbers, the US Air Force awarded Boeing Defense a contract worth USD 9.2 billion to produce 351 T-X trainer jets (T-7 Red Hawk), with deliveries expected to start during the forecast period. Such procurement programs of the armed forces in the region are anticipated to boost the growth of the market during the forecast period.
