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Fire Protection Systems Market - Regions, Type and Application, Forecast to 2023

Aug 12th 2019 at 10:59 PM

Market Highlights:

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

The Aircraft Fire Protection Systems Market is estimated to register a CAGR of nearly 5% during the forecast period of 2018 to 2023.

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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.

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