Global Aircraft Ejection Seat Market Size, Status and Forecast 2020-2025
The Aircraft Ejection Seat Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The aircraft ejection seat market is poised to grow at a CAGR of over 4% during the forecast period.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Aircraft Ejection Seat Market: Martin-Baker Aircraft Co. Ltd, Collins Aerospace (Raytheon Technologies Corporation), NPP Zvezda, RUAG Group, Survival Equipment Services Ltd, East/West Industries, Inc. and others.
Key Market Trends
Combat Aircraft Segment Projected to Dominate the Market During the Forecast Period
The combat aircraft segment held the largest market share in 2019 and is projected to dominate the market during the forecast period. Combat aircraft are vital assets for the militaries of all the countries. With the growing terror threats and political tensions among the nations, the focus has been shifted towards the modernization of fleet by replacing aging aircraft with new advanced combat aircraft. Technology advancements in stealth and precision weapons are further forcing the countries to procure new combat aircraft, since, every nation want their combat capabilities to be up-to-date. Newer generation combat jets are capable of multi-role abilities and have larger payload carrying capacities with stealth features, and hence their procurement is increasing. For instance, India is currently procuring Dassault’s 36 Rafale aircraft in which 28 aircraft are single-seater jets and 8 aircraft are twin seaters for training. The Rafale jets are fitted with Martin-Baker Mk F16F ejection seat. Thus, the growth in the procurement of combat aircraft will propel the demand for combat aircraft ejection seats.
North America Held the Largest Market Share in 2019
North America held the largest share in the aircraft ejection seat market in 2019. The US Department of Defense is focusing on modernizing its fighter aircraft fleet. Additionally, the USAF (the United States Air Force) plans to increase its fighter aircraft squadron from 55 to 65 in the coming years, in order to deal with the growing military might of its potential adversaries. Under the F-35 Joint Strike Fighter (JSF) Program, the US Department of Defense (DOD) has plans to acquire more than 2,400 new generation F-35s. Of the total acquisition, more than 1,700 aircraft will be F-35A variant. The F-35A is expected to replace the older F-16 and the 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. Likewise, the US Air Force awarded Boeing Defense a contract worth USD 9.2 billion for the production of 351 T-X trainer jets (T-7 Red Hawk), with deliveries expected to start during the forecast period. Such procurement of new aircraft will simultaneously generate demand for aircraft ejection seats in the US.
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Influence of the Aircraft Ejection Seat Market Report:
-Comprehensive assessment of all opportunities and risks in the Aircraft Ejection Seat market.
-The detailed study of business strategies for the growth of the Aircraft Ejection Seat market-leading players.
-Conclusive study about the growth plot of the Aircraft Ejection Seat market for forthcoming years.
-In-depth understanding of Aircraft Ejection Seat market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Aircraft Ejection Seat market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Aircraft Ejection Seat Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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