Market Share of Aircraft Survival Equipment Industry
The aircraft survival equipment market is fragmented in nature and is characterized by several operators who provide various types of survival equipment. Some of the prominent players in the market include Northrop Grumman Corporation, Elbit Systems Ltd, BAE Systems plc, RTX Corporation, and Safran. The introduction of advanced technologies and the development of next-generation fighter aircraft for combat operations is driving the market growth. In 2022, Northrop Grumman developed the EA-18G Growler, the US Navy's electronic attack aircraft, that includes attack equipment such as the ALQ-99 jamming pods, ALQ-218 receiver, satellite communications, and communication countermeasures. Such equipment protects military aircraft from enemy threats. Thus, such advancements would lead to growth in the market during the forecast period.
Aircraft Survival Equipment Market Leaders
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Elbit Systems Ltd.
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Northrop Grumman Corporation
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Safran
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BAE Systems plc
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
