The aircraft fire protection systems industry is projected to grow from an estimated $ 911.6 million in 2017 to $ 1,157.7 million by 2022, at a CAGR of 4.90% from 2017 to 2022. Increased number of orders for new aircraft across the globe and modernization of the during the forecast period. The market has been segmented based on product, application, fit, aircraft type, and region.
Based on product, the aircraft fire protection system industry has been segmented into fire detection systems, alarm & warning systems, and fire suppression systems. CAGR during the forecast period. Fire suppression systems are an essential component required to extinguish fires in aircraft. These systems are as received from different sensors and detectors.
Based on application, the aircraft fire protection systems industry has been segmented into engines, cabins & lavatories, cockpits, auxiliary power units (APUs), and aircraft cargo compartments. The growth of this segment can be attributed to the increasing demand for new aircraft from airlines. The growing demand for airlines and the development of global security systems are becoming increasingly important.
Based on fit, the market has been segmented into linefit and replacement. CAGR than the replacement segment during the forecast period. The projected higher growth rate of the line segment in the aircraft fire protection systems industry is due to increase in aircraft orders as well as deliveries, economic growth across regions, and increase in air passenger traffic.
Based on aircraft type, the aircraft has been segmented into civil aircraft (general aviation, commercial passenger & cargo aircraft, and civil helicopters) and military aircraft (military helicopters, fighter jets, and transport carriers). Homeland security during external disputes. Increasing budget allocations for the subcontracting of military aircraft.
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In 2017, owing to the presence of major aircraft manufacturers, such as Boeing (US) and Bombardier (Canada). These companies have significant new aircraft orders across the globe which is expected to increase.
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