Aircraft Evacuation Slide Market

Aircraft Evacuation Slide Market Outlook 2030 –

A plane evacuation device is a piece of equipment that allows for an emergency evacuation from an aircraft on land or in the sea. Evacuation life rafts, slides, systems, personal flotation devices, and ejection seats are among the gear used for evacuation. An evacuation slide is an inflatable slide that allows passengers to safely drop from the plane's escape door. It has a high enough execution rate to keep up with the evacuation schedule. Although some airplanes use different tactics, escape slides are the recommended way of evacuation with the regulatory authorities. The global aircraft evacuation slide market is thriving on the back of increasing incidences of aircraft accidents as well as for the risks associated with the crash of an aircraft, followed by the growing need amongst aircraft operators and aircraft manufacturers for emergency aircraft landing equipment to tackle an emergency situation crisis.

COVID-19 Impact analysis

The COVID-19 impact on the global aircraft evacuation slide systems market is evolving every minute. The market has witnessed the immediate and negative impact of the pandemic. Because of increased air passenger traffic in emerging countries, the creation of new carriers, and severe government rules pertaining to aircraft and passenger safety, the aviation evacuation systems market has seen a growth. However, due to COVID-19, airspace restrictions have increased, aircraft have been grounded, and manufacturing activities have come to a halt. Such factors are likely to restrict the growth of the aircraft evacuation systems market worldwide. The pandemic has negatively impacted the global market. As the airspace is closed and air travel activities are prohibited, many aircraft are grounded. Most airlines are expected to face heavy losses in the coming months. Airlines that are currently operating during this crisis are offering air cargo services. Moreover, due to the pandemic, the supply chain has also been impacted as aircraft evacuation systems manufacturing facilities are closed.

Top impacting factor

• Increase in demand for new aircraft, increase in the number of passengers opting for air travel, and stringent aviation regulation by the regulatory authorities are the major factors drives the growth of the aircraft evacuation slide market.
• Long product lifecycle of evacuation slides, and existing backlogs of aircraft deliveries are the restraints that hindered the growth of the aircraft evacuation slide market.
• Emerging aircraft manufacturers, and Increase in adoption of emergency measures in aviation industry are the major factors offering an opportunity for the growth of aircraft oxygen system market.

Increase in the number of passengers opting for air travel

The growing desire among passengers for air travel, which saves time and is also a convenient means of transportation, has resulted in a large growth in global passenger traffic. As a result of this aspect, ensuring passenger safety has become more difficult. As stricter air safety standards become public, there is a growing emphasis on improving passenger safety and protection so that the number of fatalities linked with air travel is kept to a minimum. This compulsion towards safety has led the aircraft market to focus more on safety of its passengers, which is anticipated to drive the growth of the global aircraft evacuation slide market. The aviation business has continuously been underneath the scanner of regulative authorities, thereby raising the need amongst the aircraft manufacturers to stick to numerous guidelines issued by them. These laws have compelled makers of aircraft safety systems to develop a product, such as aircraft evacuation slide, that is compatible with this regulative setting. Aircraft evacuation slides are essential for safety of the passengers of an aircraft, as a result of which the aircraft evacuation slide makers are constantly putting up efforts for research and developments to increase their potency and thereby reduce the operational time of its inflation. For instance, passengers carried on scheduled services increased by 6.4 percent, according to the International Civil Aviation Organization (ICAO). Federal Aviation Administration organizes periodic inspection for passenger safety equipment in aircrafts and provides multiple passenger safety training programs, thereby providing an passengers travel in aircraft.

Stringent Aviation Regulation by The Regulatory Authorities

The aviation industry has long been under the scrutiny of regulatory authorities, necessitating the necessity for aircraft makers to adhere to a number of recommendations set by them. These restrictions have prompted manufacturers of aviation safety systems to create products, such as aircraft evacuation slides, that are compliant with this regulatory framework. Aircraft evacuation slides are essential for safety of the passengers of an aircraft, as a result of which the aircraft evacuation slide makers are constantly putting up efforts for research and developments to increase their potency and thereby reduce the operational time of its inflation. Such factors are anticipated to drive the growth of the global aircraft evacuation slide market. For instance, the Airport Economic Regulatory Authority (AERA) determines the tariff for aeronautical service and passenger service fees to monitor performance standards relating to quality, continuity and reliability of service.

Key Benefits of the Report

• This study presents the analytical depiction of the aircraft evacuation slide market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges the aircraft evacuation slide market.
• The current market is quantitatively analyzed to highlight the market growth scenario of aircraft door dampers market.
• The report provides a detailed aircraft evacuation slide market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the aircraft evacuation slide market research report:

• Who are the leading players in the aircraft evacuation slide market?
• What are the critical challenges faced by manufacturers in the aircraft evacuation slide market?
• What are the market trends, driving factor and opportunities involved in this market?
• What are the key segments covered in the aircraft evacuation slide market?
• What are future projections of aircraft door dampers market that would help in taking further strategic steps?

 Aircraft Evacuation Slide Market Report Highlights