Global Aircraft Fire Protection Systems Market — Industry Analysis and Forecast (2019–2026) — By Product Type, Application and Region.
Global Aircraft Fire Protection Systems Market was valued US$ 887.7 Mn in 2018 and is estimated to reach US$ XX Mn by 2026 at a CAGR of XX%.
Aircraft Fire Protection Systems Market is segmented by application, product type, and region. Based on the application, Aircraft Fire Protection Systems Market is classified into aircraft cargo compartment fire detection/suppression systems, power plant fire detection/extinguishing systems, auxiliary power unit (apu) fire detection/extinguishing systems, and cabin & lavatory fire protection systems. Suppression system is estimated to hold largest share of market due to rising demand of new aircraft from airlines coupled with mandates laid by various regulatory bodies over replacement of the fire suppression agents with halon free agents for both, existing and new fleets.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Aircraft Fire Protection Systems Market are usually mounted inside an aircraft, close to the engine compartment and fuselage area to instantly detect any occurrence of a fire and take remedial actions to confirm the safety of passenger on-board, cargo & aircraft. Aircraft Fire Protection Systems Market track fire-causing parameters in case of any fire-related emergency, signal the on-board personnel in the aircraft about the imminent hazard and take corrective actions such as fire extinguishing, etc.
Fire extinguishing agents are an essential part of Aircraft Fire Protection Systems Market and play an important role in changing air with an inert gas to stop the combustion causing the fire. Water, carbon dioxide and dry powder are popular fire extinguishing agents used in aircraft fire protection systems. In terms of region, Aircraft Fire Protection Systems Market is segmented by North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period. The aviation industry is growing at a significant pace, due to growth in air passenger traffic and emerging economic conditions in the region. Growth in air passenger traffic has resulted in an enlarged demand for new lightweight and fuel-efficient aircraft from the region. Moreover, new emerging aircraft manufacturers in China, Japan, and India are expected to drive demand for Aircraft Fire Protection Systems Market during the forecast period.
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