Aircraft Fire Protection Systems Market Size is projected to reach USD 3.1 Billion By 2030, and Grow at a CAGR of 6% 2030

January 2020-Market Research Future Published a Report on Aircraft Fire Protection Systems Market 

Aircraft Fire Protection Systems Market Highlights

Aircraft Fire Protection Systems Market Size is projected to reach USD 3.1 Billion by 2030, and Grow at a CAGR of 6% from 2020 to 2030

Key Players

The key players in the global aircraft fire protection systems market are Advanced Aircraft Extinguishers, Ltd. (US), Aerocon Engineering Co. (US), Amerex Corporation (US), Diehl Stiftung & Co. KG (Germany), Gielle Group (Italy), Halma plc (UK), H3R Aviation, Inc. (US), Meggitt plc (UK), Siemens AG (Germany), and United Technologies Corporation (US).

Aircraft Fire Protection Systems Market Size is projected to reach USD 3.1 Billion by 2030, and Grow at a CAGR of 6% from 2020 to 2030

The global aircraft fire protection systems market has been segmented based on type, aircraft, application, fit and region.

Based on type, the aircraft fire protection systems market is divided into fire detection system, alarm & warning system, and fire suppression system. The fire detection system segment is estimated to account for the largest market share while the fire suppression system segment is projected to witness the highest CAGR during the forecast period. The fire suppression system is most important in extinguishing fire and increasing the survivability during accidents or crashes.

Based on aircraft, the aircraft fire protection systems market is divided into civil and military aircraft. The civil aircraft segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. Meanwhile, rising defense spending especially in developing countries and focus on procuring military aircraft to enhance combat capabilities is positively impacting the demand for aircraft fire protection systems in military aircraft.

Based on application, the aircraft fire protection systems market is divided into cargo & baggage compartments, engines and auxiliary power unit (APU), cabins & lavatories, and others. The engines & APU segment is estimated to account for the largest market share while the cargo & baggage compartments segment is projected to witness the highest CAGR during the forecast period. The cargo bay of the aircraft requires effective fire protection since it is difficult to access these compartments during flight.

Based on fit, the aircraft fire protection systems market is divided into line-fit and retrofit. The line-fit segment is estimated to account for the largest market share while the retrofit segment projected to witness a higher CAGR during the forecast period as these systems require timely checks, maintenance, and replacement in order to enhance safety.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for both combat and commercial aircraft in countries such as China, and India.