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Aircraft Fire Protection System Industry-2018, Upcoming Trends, Types, Growth, Size– Forecast to 2022

The aircraft fire protection systems industry 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.

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Aircraft Fire Protection System Industry-2018, Upcoming Trends, Types, Growth, Size– Forecast to 2022

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  1. Aircraft Fire Protection System Industry-2018, Upcoming Trends, Types, Growth, Size– Forecast to 2022 The aircraft fire protection systems industry 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 growth during the forecast period. The market has been segmented based on product, application, fit, aircraft type, and region. Based on product, the aircraft fire protection systems industry has been segmented into fire detection systems, alarm & warning systems, and fire suppression systems. The fire suppression systems segment of the aircraft fire protection systems market size is projected to grow at a higher CAGR during the forecast period. Fire suppression systems are an essential component required to extinguish fires in aircraft. These systems activate as soon as fire alerts are received from different sensors and detectors. https://www.marketsandmarkets.com/Market-Reports/aircraft-fire-protection-system- market-196160462.html Based on application, the aircraft fire protection systems industry has been segmented into engines, cabins & lavatories, cockpits, Auxiliary Power Units (APUs), and aircraft cargo compartments. The growth of this segment can be attributed to the increasing demand for new aircraft from airlines. Hence, the growing demand for commercial air travel globally and rising defense budgets of prominent economies are expected to drive the demand for aircraft fire protection systems. Based on fit, the market has been segmented into linefit and replacement. The linefit segment is projected to grow at a higher CAGR than the replacement segment during the forecast period. The projected higher growth rate of the linefit segment in the aircraft fire protection systems industry is due to the increase in aircraft orders as well as deliveries, economic growth across regions, and an increase in air passenger traffic. Based on aircraft type, the aircraft fire protection systems market has been segmented into civil aircraft (general aviation, commercial passenger & cargo aircraft, and civil helicopters) and military aircraft (military helicopters, fighter jets, and transport carriers). Governments of various countries have been increasing investments in the defense & military sectors to ensure homeland security during external disputes. Increasing budget allocations for the procurement of military

  2. equipment is further expected to have a significant impact on the growth of the military aircraft subsegment. North America is estimated to lead the aircraft fire protection systems industry 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 growth. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Company: MarketsandMarkets Contact: Mr. Shelly Singh Phone: 1-888-600-6441 Email: sales[@]marketsandmarkets.com aircraft fire protection systems market size, aircraft fire protection systems industry, aircraft fire protection systems market growth,fire detection systems, alarm & warning systems, and fire suppression systems

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