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2021
Firefighting Aircraft Market

Firefighting Aircraft Market

by Type (Fixed Wing and Multi-Rotor), Service Provider (Firefighting Organizations and Military), Max. Takeoff Weight (Below 50, 000 kg and Above 50, 000 kg), and Water Capacity (Less Than 5, 000 Ltr, 5, 000-10, 000 Ltr, and More than 10, 000 Ltr): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13904
Pages: 268
Oct 2021 | 3452 Views
Author(s) : Abhay S
Tables: 135
Charts: 72
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global firefighting aircraft market was valued at $8.85 billion in 2020, and is projected to reach $16.47 billion by 2030, registering a CAGR of 6.5% from 2021 to 2030. 

The COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, sectors, and all aspects of lives with devastating economic and financial losses with significant uncertainties. The global aviation industry is concerned with manufacturing and operations of all types of aircraft and related services during transportation. Effect of COVID-19 on the aviation industry can be observed in each region including North America, Europe, Asia-Pacific, and rest of the world.

Firefighting aircraft are specially designed aircraft, which are used for water bombing and sprinkling water at uncontrollable fire locations. These aircraft are designed to store huge amount of water of fire retardant chemical during flight and spread them at specified locations to control the fire from spreading further. Increase in forest & industrial fire incidents at different locations has enabled aircraft manufacturers to develop and introduce advanced firefighting aircraft to tackle such incidents, which eventually leads to growth of the market across the globe. Moreover, with advancements in technology followed by the need for efficient aircraft, firefighter aircraft manufacturers have manufactured and converted existing aircraft & helicopter lineup in such a way that they can be used as firefighter aircraft. For instance, during the Amazon forest fire in 2019, Brazil modified its C-130 Hercules aircraft into water bombers, and tens of thousands of military personnel were deployed to the Amazon in an effort to combat the fires in 2019.

Firefighting-Aircraft-Market-2021-2030

In addition, factors such as use of general aircraft to extinguish wildfire and increase in fire-related incidents in the oil & gas industry supplements growth of the market by increasing demand for efficient firefighting aircraft. Moreover, delayed delivery of aircraft and high capital requirement creates barrier for growth of the market. However, entering into contract & agreements for long-term business opportunities and incorporation of new technologies to put out fire is expected to create ample opportunities for growth of the market during the forecast period.

The global firefighting aircraft market is segmented into type, service provider, max. takeoff weight, water capacity, and region. By type, the market is segmented into fixed wing and multi-rotor. By service provider, it is segmented into firefighting organizations and military. By max. takeoff weight, the global market has been segmented into below 50,000 kg and above 50,000 kg. By water capacity, it is segmented into less than 5,000 ltr, 5,000 - 10,000 ltr, and more than 10,000 ltr. By region, the global market is studied across North America, Europe, Asia-Pacific, and LAMEA0. 

Use of aircraft to extinguish wildfire

Unlike all methods used to extinguish fire such as usage of fire trucks or human involved fire extinguishers, numerous companies have come up with aerial vehicles to fight with forest fires or building or industrial fires. These aircraft carry chemical or fire retardants that at the press of a button are dropped at locations to extinguish wildfire. Moreover, these firefighting aircraft are designed in such a way that they can carry a huge amount of fire extinguishing components that can be spread over a huge area to stop fire from moving further. This increased max. takeoff weight of aircraft creates wider scope for growth of the market across the globe. 

Firefighting Aircraft Market
By Type

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Multi-Rotor is projected as the most lucrative segments

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In addition, companies have carried out developments toward introducing aircraft, which are intended for firefighters, which also creates a positive impact on growth of the market across the globe. For instance, in June, 2021, Airbus started development of A400M aircraft, which is expected to soon be used as fire-fighting aircraft. In addition, in May, 2021, Airbus launched H215 helicopter, which has the capability to operate continuously in all working environments and can operate 365 days a year. Such developments & product offerings create lucrative opportunities for growth of the market across the globe.

Firefighting Aircraft Market
By Service Provider

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Military is projected as the most lucrative segments

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Increase in fire-related incidents in the oil & gas industry

Significant increase in fire related accidents, especially in the oil & gas industry increases demand for efficient safety measures along with the need for available firefighting aircraft & drones to be present at nearby locations, which drives the market growth. Furthermore, stringent rules & regulations by governments along with technological advancements in firefighting technology also acts as driving factor for the market growth. In addition, numerous companies as well as industry owners deploy active firefighting systems such as helicopters and drones, which proves to be efficient in firefighting scenarios and at the same time are easy to operate. Such developments & technological advancements create a positive impact on growth of the market across the globe. 

Firefighting Aircraft Market
By Max Takeoff Weight

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Above 50,000 kg is projected as the most lucrative segments

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Delayed delivery of aircraft

Manufacturing companies such as Boeing and Airbus receive bulk orders for different types of aircraft, which need to be completed within a shorter time span, owing to increase in demand for advanced aircraft. However, owing to dearth of skilled labor, deliveries take longer time. This delay causes a negative impact on operations of these companies, which eventually affects other related business. For instance, in December 2019, GoAir cancelled more than 40 flights in a week stating delayed delivery of new aircraft by Airbus. Similar delayed delivery of aircraft is expected to hamper the industry financially, owing to late payments, which, in turn, is expected to hamper the global firefighting aircraft market in the long run.

Firefighting Aircraft Market
By Water Capacity

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5,000 - 10,000 ltr is projected as the most lucrative segments

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Entering into contract and agreements for long-term business opportunities

Governments & fire departments across the globe create a demand for efficient firefighting solutions, owing to rise in concerns regarding forest fires as well as due to industrial mishap, which costs much to governments and local residents. Firefighting aircraft are made to order product lines, which are mostly built as per demand along with signed contracts and agreements. Commencement of firefighter aircraft solutions is expected to be carried out through contracts and agreements between end users and developers, which creates a positive impact on growth of the market in the longer run. These contracts mention a timely and efficient service to be delivered in need and a fixed payment is paid in return to services, which keeps both contract holders attached to the contract. These contracts and agreements are associated with long-term business opportunities with end users. Market participants need to focus on winning contracts and agreements to gain a competitive advantage in the global market, thus creating a wider scope for growth of the market during the forecast period. 

Firefighting Aircraft Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 8.1% during 2021-2030.

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Covid-19 Impact Analysis

  • The COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, sectors, and all aspects of lives with devastating economic and financial losses with significant uncertainties.
  • The global aviation industry is concerned with manufacturing and operations of all types of aircraft and related services during transportation.
  • Effect of COVID-19 on the aviation industry can be observed in each region including North America, Europe, Asia-Pacific, and rest of the world. 
  • In the U.S., since the national health emergency due to the COVID-19 outbreak, most of the region is on complete lockdown, which, in turn, restricts domestic and international travel in the country.
  • In addition, change in behavior of passengers following the COVID-19 crisis, travel restrictions, and economic crisis have resulted in a dramatic drop in demand for airline services.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global firefighting aircraft market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall firefighting aircraft market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global firefighting aircraft market with a detailed impact analysis.
  • The current firefighting aircraft market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Firefighting Aircraft Market Report Highlights

Aspects Details
BY TYPE
  • Fixed wing
  • Multi-Rotor
BY SERVICE PROVIDER
  • Firefighting organizations
  • Military
BY MAX. TAKEOFF WEIGHT
  • Below 50,000 kg
  • Above 50,000 kg
BY WATER CAPACITY
  • Less than 5,000 Ltr.
  • .5,000 - 10,000 Ltr.
  • More than 10,000 ltr.
BY REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players AEROVIRONMENT, INC., AIRBUS S.A.S., BOMBARDIER INC., COULSON GROUP, Kaman Corporation, .Lockheed Martin Corporation, SAAB, ShinMaywa Industries, Ltd., TEXTRON INC., Viking Air Ltd.
 

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Aerospace industry is supplemented by numerous developments carried out by top aircraft manufacturers, which has led to growth of the market. Moreover, increase in demand for efficient firefighting aircraft & helicopters across the globe has created an increased demand for efficient firefighting aircrafts, thereby leading to growth of the market across the globe.

In addition, increase in forest & industrial fire incidents taking place at regular time intervals has provided lucrative opportunities for growth of the firefighting aircraft market across the globe. Meanwhile, use of general aircrafts to extinguish wildfire, contracts & agreements signed by governments & service providers, and implementation of new fire extinguishing technologies has created ample opportunities for growth of the market across the globe.

Moreover, rise in investments on building efficient and technically advanced aircrafts for numerous applications are expected to provide lucrative opportunities for growth of the global market.

Factors such as use of general aircrafts to extinguish wildfire and increase in fire-related incidents in the oil & gas industry supplements the growth of the market by increasing the demand for efficient firefighting aircrafts. Moreover, delayed delivery of aircraft and high capital requirement creates barriers for growth of the market. However, entering into contract & agreements for long-term business opportunities and incorporation of new technologies to put out fire creates ample opportunities for growth of the market during the forecast period.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to increase in demand for firefighting aircraft to curb fire incidents across African forests.

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FREQUENTLY ASKED QUESTIONS?

A. Yes the firefighting aircraft industry is growing at a CAGR of 6.5% from 2021-2030

A. The global firefighting aircraft market was valued at $8,846.60 million in 2020 and is projected to grow at a CAGR of 6.5% from 2021 to 2030.

A. The sample for firefighting aircraft market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Introduction of electric aircrafts are the upcoming trends in firefighting aircrafts

A. Usage in forest & i8ndustrial fire extinguishing are the benefits of firefighting aircrafts

A. The company profiles of the top market players of firefighting aircraft market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Firefighting aircrafts holds a market value of $8,846.60 million in 2020, and is projected to reach $16,465.90 million by 2030.

A. Numerous companies holds majority of market share in firefighting aircrafts market. The list of the key players can be obtained on demand from AMR website.

A. Airbus SE, Bombardier, Coulson Aircrane LTD., & others are some of the leading players in the firefighting aircraft market.

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