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Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Capacity ; Type ; Application ; and Geography

Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Capacity ; Type ; Application ; and Geography

  • October 2020
  • 186 pages
  • ID: 5988352
  • Format: PDF
  • The Insight Partners

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The aviation life rafts market was valued US$ 709.40 million in 2019 and is expected to reach US$ 1,524.52 million by 2027; it is estimated to grow at a CAGR of 9.9% during 2020–2027. The aircraft manufacturing industry is experiencing substantial growth owing to the growing demand for general aviation, commercial, and military aircraft worldwide. The rising disposable income in developing countries, along with the presence of top players such as Airbus and Boeing is the major factor driving the demand for these aircraft. In a global scenario, commercial airplanes are anticipated to maintain continuous growth over the coming years, irrespective of the numerous challenges the commercial airlines face, which includes uncertain fuel prices and other regulatory changes in various countries. Additionally, the growing investments in defense aircraft across countries are expected to drive the demand for military aircraft during the forecast period. The mounting production of aircraft for the integration of safety equipment requires evacuation slides and life rafts to evacuate the passengers from aircraft in case of emergency. Aviation life rafts are designed to meet the aerospace and defense standards. All these factors are anticipated to fuel the demand for aviation life rafts in various geographies and offer future growth opportunities for aviation life rafts market players operating globally.

The aviation life rafts market players are experiencing substantial demand for their products from different end users such as defense and general aviation aircraft manufacturers, military forces, and general aviation aircraft operators.Considering the fact that the general aviation aircraft operators or military forces must replace the life rafts every three years, the demand for life rafts is propelling in these sectors.

The players operating in the aviation life rafts market offer their products with a service life of more than ten years; however, the life rafts’ service life is restricted to three years. The shorter service life allows the end user to mount newer life rafts every three years, thereby benefiting the end user by ensuring smooth inflation and further operations of the raft during any water landing mishaps.

The global aviation life rafts market is segmented on the basis of capacity, type, and application.Based on capacity, the market is segmented as large-sized life rafts, medium-sized life rafts, and small-sized life rafts.

Based on type, the market is segmented as single tube life raft and multi-tube life raft. Based on application, the market is segmented as general aviation, military/defense aviation, and commercial aviation.

EAM Worldwide; Life Support International, Inc.; Revere Survival Inc.; Safran Group; Survitec Group Limited; AVI Aviation; Collins Aerospace; Meridian Inflatables Private Limited; and Switlik Parachute Co., and Legend Aerospace are among the key players operating in the global aviation life rafts market , which are profiled in this market study.

The global aviation life rafts market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market .

The process also serves the purpose of obtaining overview and forecast for the aviation life rafts market with respects to all the segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the aviation life rafts market .

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