Aircraft Fire Protection System Industry-2018, Upcoming Trends, Types, Growth, Size– Forecast to 2022

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Aircraft Fire Protection System Industry-2018,
Upcoming Trends, Types, Growth, Size Forecast
to 2022
The aircraft fire protection systems industry is
projected to grow from an estimated USD 911.6
Million in 2017 to USD 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 existing aircraft
are key factors expected to drive the aircraft
fire protection systems market growth 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 systems industry has been
segmented into fire detection systems, alarm
warning systems, and fire suppression systems.
The fire suppression systems segment of the
aircraft fire protection systems market size is
projected to grow at a higher CAGR during the
forecast period. Fire suppression systems are an
essential component required to extinguish fires
in aircraft. These systems activate as soon as
fire alerts are received from different sensors
and detectors. https//www.marketsandmarkets.com
/Market-Reports/aircraft-fire-protection-system-
market-196160462.html 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. Hence, the growing demand for
commercial air travel globally and rising
defense budgets of prominent economies are
expected to drive the demand for aircraft fire
protection systems. Based on fit, the market has
been segmented into linefit and replacement. The
linefit segment is projected to grow at a higher
CAGR than the replacement segment during the
forecast period. The projected higher growth
rate of the linefit segment in the aircraft fire
protection systems industry is due to the
increase in aircraft orders as well as
deliveries, economic growth across regions, and
an increase in air passenger traffic. Based on
aircraft type, the aircraft fire protection
systems market 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). Governments of
various countries have been increasing
investments in the defense military sectors to
ensure homeland security during external
disputes. Increasing budget allocations for the
procurement of military
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equipment is further expected to have a
significant impact on the growth of the military
aircraft subsegment. North America is estimated
to lead the aircraft fire protection systems
industry 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 boost the aircraft fire
protection systems market growth. About
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aircraft fire protection systems market size,
aircraft fire protection systems industry,
aircraft fire protection systems market
growth,fire detection systems, alarm warning
systems, and fire suppression systems