Global Aircraft Fire Protection Systems Market 2018-2022 - Increased Number of Orders for New Aircraft Across the Globe & Modernization of the Existing Aircraft

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Feb 23, 2018, 02:00 ET

DUBLIN, Feb. 23, 2018 /PRNewswire/ --

The "Aircraft Fire Protection Systems Market by Product, Application, Fit, Aircraft Type and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The aircraft fire protection systems market is projected to grow from an estimated USD 911.6 Million in 2017 to USD 1,157.7 Million by 2022, at a CAGR of 4.90% from 2017 to 2022.

Increased number of orders for new aircraft across the globe and modernization of the existing aircraft are key factors expected to drive the aircraft fire protection systems market during the forecast period. The market has been segmented based on product, application, fit, aircraft type, and region.

North America is estimated to lead the aircraft fire protection systems market in 2017, owing to the presence of major aircraft manufacturers, such as Boeing (US) and Bombardier (Canada). These companies have significant new aircraft orders across the globe which is expected to boost the aircraft fire protection systems market.

The existing backlogs in aircraft deliveries can restrain the growth of the aircraft fire protection systems market. Delay in aircraft deliveries can also result in the cancellation of aircraft orders. For instance, in 2015, Qatar Airways canceled the A320neo aircraft orders due to a delay in aircraft delivery. Thus, existing backlogs in aircraft deliveries act as a restraint to the growth of the aircraft fire protection systems market.

Products offered by various companies operating in the aircraft fire protection systems market have been listed in the report. The recent developments section of the report includes information on strategies adopted by various companies between 2014 and 2017.

Meggitt (UK), Halma plc (UK), and United Technologies (US) are some of the major market players that have an extensive geographical reach and distribution channels.

Market Dynamics

Drivers

Increased Number of Orders for New Aircraft Across the Globe
Modernization of the Existing Aircraft

Restraints

Existing Backlogs in the Delivery of New Aircraft
Lack of Proper Aviation Infrastructure and Imposition of Additional Aviation Taxes in Emerging Economies

Opportunities

Emergence of New Aircraft Manufacturers in the Asia Pacific Region
Development of Aircraft Fire Suppression Systems Using Halon Alternatives as Suppression Agent

Challenges

Formulation of the Stringent Regulatory Norms

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Aircraft Fire Protection Systems Market, By Product

8 Aircraft Fire Protection Systems Market, By Application

9 Aircraft Fire Protection Systems Market, By Fit

10 Aircraft Fire Protection Systems Market, By Aircraft Type

11 Aircraft Fire Protection Systems Market, By Region

12 Competitive Landscape

13 Company Profiles

Advanced Aircraft Extinguishers (AAE)
Aerocon Engineering
Amerex
Diehl Stiftung & Co. Kg
Gielle Groups
H3R Aviation
Halma
Meggitt
Siemens
United Technologies

For more information about this report visit https://www.researchandmarkets.com/research/2kpqpj/global_aircraft?w=5

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SOURCE Research and Markets