Technavio, a tech-focused market research firm, has published a new report on the global aircraft ejection seats market, which is expected to experience a slow but steady growth rate with a CAGR of close to 2% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global aircraft ejection seats market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global aircraft ejection seats market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global aircraft ejection seats market for 2015 (market share %)
|
EMEA |
42.03% |
|
APAC |
29.58% |
|
Americas |
28.40% |
Source: Technavio
EMEA: Largest revenue generating region for aircraft ejection seats
The global aircraft ejection seats market in EMEA was valued at over $280 million in 2015 and will grow at a CAGR of almost 4% by 2020. The large number of combat aircraft operating in the region will lead to the growth of the market. Russia, the UK, France, and Germany will emerge as the key revenue generating countries in this region. The increased development of new fighter jets that will require advanced ejection seats and attribute to the progress of the market. The increasing investments in modern combat aircraft by Middle Eastern countries like Saudi Arabia, Iran, and Kuwait will help EMEA maintain their market position during the forecast period.
“Russia and France have a large network of distributors and manufacturers that lead the market and help in the development of the region. For instance, Zvezda has its network of distributors to supply its ejection seats to all the aircraft manufacturers, exported by Russia. Various countries are signing agreements to increase the export and supply of modern combat aircraft from these countries,” says Avimanyu Basu, a lead analyst at Technavio, specializing in research on aerospace components.
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Aircraft ejection seat market in APAC
The global aircraft ejection seats market in APAC was valued at over $197 million in 2015 and will grow at a CAGR of around 5% by 2020. The growth in the military expenditures is the primary market driver in the APAC region. China and India will be the key revenue contributors in the market. The vendors in this market are focusing on the procurement programs of modernizing its aircraft and importing from other countries like France, Russia, and the US. The growing investment in the development of superior fighter jets will help in the evolution of the market during the forecast period. China is developing and installing some third-generation ejection seats for its jet fighters, and these seats feature a microprocessor and sensors to adjust the rocket’s thrust that propels the ejection seat from the aircraft. The introduction of ultra-lightweight ejection seats by aircraft manufacturers will boost the revenues in the market.
Aircraft ejection seat market in the Americas
The global aircraft ejection seats market in the Americas was valued at almost $190 million in 2015 and will grow at a CAGR of about 4% by 2020. The modernization and procurement of new fighter aircraft by Canada and the US will attribute to the growth of the American market in the coming years. The US Department of Defense is allocating budgets for the procurement, sustainment, modernization, and R&D programs for advanced fighter aircraft and promoting the growth of the market. For instance, Martin-Baker America, a leading vendor in America manufactures, assembles and installs ejection seats used in the F-18 Hornet and T-45 Goshawk.
The top leading vendors operating in the global aircraft ejection seats market are:
- Martin-Baker
- Zvezda
- SEMMB
- UTAS
A more detailed analysis is available in the Technavio report titled, ‘Global Aircraft Ejection Seats Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Aircraft Seat Actuation Market 2016-2020
- Global Commercial Aircraft Seating Market 2016-2020
- Global Aircraft Refurbishing Market 2016-2020
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