Commercial Aircraft Evacuation System Market Size (2024 - 2029)

The Commercial Aircraft Evacuation System Market is projected to experience growth due to the rising demand for advanced evacuation systems in newer generation aircraft. This growth is driven by stringent regulations from aviation authorities focused on passenger safety, necessitating compliance with evacuation requirements. Innovations aimed at increasing the evacuation rate are expected to enhance safety and efficiency, contributing to the market's expansion. Additionally, addressing challenges posed by cabin baggage during evacuations is crucial for improving the overall evacuation process, further supporting market growth.

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Market Size of Commercial Aircraft Evacuation System Industry

Commercial Aircraft Evacuation System Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.84 Billion
Market Size (2029) USD 2.38 Billion
CAGR (2024 - 2029) 5.30 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Commercial Aircraft Evacuation System Market Major Players

*Disclaimer: Major Players sorted in no particular order

Commercial Aircraft Evacuation System Market Analysis

The Commercial Aircraft Evacuation System Market size is estimated at USD 1.84 billion in 2024, and is expected to reach USD 2.38 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

Growing demand for the newer generation aircraft coupled with the increasing regulations by organizations like the National Transportation Safety Board and Federal Aviation Administration on the safety of passengers is generating demand for new and advanced evacuation systems onboard aircraft. All aircraft manufacturers are required to demonstrate that they meet the evacuation requirements set by their respective aviation certification authority. 

In 2020, the FAA chartered the Emergency Evacuation Standards Aviation Rulemaking (ARC). The ARC included dozens of aviation stakeholders, including the National Transportation Safety Board (NTSB), the European Union Aviation Safety Agency, FlyersRights, the Allied Pilots Association, and the Association of Flight Attendants. The ARC made 27 recommendations to the FAA related to how the safety of such evacuations could be improved.

The development of new evacuation systems for increasing the average rate of evacuees per minute is anticipated to minimize the risk and make the evacuation process faster. Such innovations are anticipated to support the growth of the market during the forecast period. Recent emergency evacuations highlighted the potential risks associated with an ever-increasing amount of cabin baggage carried in passenger cabins, which can pose challenges to airplane crew and passengers in evacuations.

Commercial Aircraft Evacuation System Industry Segmentation

The evacuation system comprises evacuation equipment that will aid in the emergency evacuation of passengers from an aircraft either on the ground or in water and remain afloat in the event of an over-water deplaning. The market study includes evacuation slides, life rafts, and personal floatation devices (such as life vests, inflatable armbands, and other components for passenger safety).

The commercial aircraft evacuation system market is segmented by equipment type, aircraft type, and geography. By Equipment type, the market is segmented into evacuation slides, life rafts, and personal floatation devices. By aircraft type, the market is segmented into narrow-body, wide-body, and regional jets. The report also covers the market sizes and forecasts for the commercial aircraft evacuation system market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Equipment Type
Evacuation Slides
Life Rafts
Personal Floatation Devices
Aircraft Type
Narrow-body
Wide-body
Regional Jets
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Qatar
South Africa
Rest of Middle East and Africa
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Commercial Aircraft Evacuation System Market Size Summary

The commercial aircraft evacuation system market is poised for significant growth, driven by the increasing demand for newer generation aircraft and stringent safety regulations imposed by aviation authorities such as the National Transportation Safety Board and the Federal Aviation Administration. These regulations necessitate the integration of advanced evacuation systems to ensure passenger safety during emergencies. The market is characterized by innovations aimed at enhancing the efficiency of evacuation processes, such as the development of evacuation slides with reduced inflation times and improved durability. The replacement of life rafts with detachable evacuation slides is also contributing to the market's expansion. The Asia-Pacific region is expected to lead in demand, fueled by a surge in aircraft orders and deliveries, as well as the region's rapidly growing passenger traffic.

The market landscape is consolidated, with a few key players like Collins Aerospace, Safran, Survitec Group Limited, Martin-Baker Aircraft Co. Ltd., and Trelleborg AB dominating the scene. These companies are expanding their product portfolios to capture a larger market share, as evidenced by recent collaborations and product launches aimed at enhancing evacuation system capabilities. The market's growth is further supported by long-term contracts between aircraft manufacturers and evacuation system providers, which pose challenges for new entrants. Strategic partnerships and agreements, such as those between HAECO Group and Safran Aerosystems, as well as Air Partner and Kenyon International Emergency Services, are instrumental in advancing evacuation system technologies and services, ensuring compliance with safety standards and improving overall passenger safety during evacuations.

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Commercial Aircraft Evacuation System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Equipment Type

      1. 2.1.1 Evacuation Slides

      2. 2.1.2 Life Rafts

      3. 2.1.3 Personal Floatation Devices

    2. 2.2 Aircraft Type

      1. 2.2.1 Narrow-body

      2. 2.2.2 Wide-body

      3. 2.2.3 Regional Jets

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 France

        3. 2.3.2.3 Germany

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 South Africa

        5. 2.3.5.5 Rest of Middle East and Africa

Commercial Aircraft Evacuation System Market Size FAQs

The Commercial Aircraft Evacuation System Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 5.30% to reach USD 2.38 billion by 2029.

In 2024, the Commercial Aircraft Evacuation System Market size is expected to reach USD 1.84 billion.

Commercial Aircraft Evacuation System Market Report Snapshots

Commercial Aircraft Evacuation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)