NEW YORK, Sept. 4, 2023 /PRNewswire/ — The aircraft ejection seats market size is estimated to grow by USD 71.31 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.17%, however, the growth momentum will progress during the forecast period. APAC is estimated to account for 34% of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to vendors is Europe. The increased military spending, rising geopolitical tensions, and the growing need for military aircraft to support a wide range of military operations are the major driving factors. The market is mainly driven by countries such as the UK, France, Germany, Italy, and Russia in Europe. These countries have strong armies and need large numbers of military aircraft. Therefore, the European aircraft ejection seat market is propelled by an increasing number of airports, rising air traffic, and increasing demand for new aircraft which in turn drive the market growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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Aircraft Ejection Seats Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (Combat aircraft and Training aircraft), type (Single seat and Twin seat), and geography (Europe, North America, APAC, Middle East and Africa, and South America).
- The market share growth by the combat aircraft segment will be significant during the forecast period. In 2022, the combat aircraft segment held the largest market share and is projected to continue to dominate during the forecast period. Combat planes are a vital tool for all the military in the world. In addition, with the growing threat of terrorism, as well as policy tensions between states, emphasis has been moving to fleet modernization through the replacement of obsolete aircraft with new advanced combat aircraft. The development and purchase of fifth-generation fighter aircraft are anticipated to increase and the growth of the combat aircraft segment in the global aircraft ejector seat market will be driven by the increase in the purchase of combat aircraft.
Insights on the market contribution of various segments including country and region wise, historic market data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report
Aircraft Ejection Seats Market – Market Dynamics
Key factor driving market growth
The increasing demand for military aircraft globally is notably driving the market growth. The aerospace and defense industry observes a significant trend of increasing demand for military aircraft, driven by geopolitical tensions, security concerns, and counterterrorism operations. The demand for modern military aircraft is fuelled by disputes over territory, regional conflicts, and complex threats, leading to a rise in defense spending. Governments require specialized aircraft that can track and engage targets, gather real-time situational awareness, and support counterterrorism efforts. Therefore, the growing demand for military aircraft, which are the significant aircraft in which aircraft ejection seats are used, is one of the major drivers that is anticipated to drive the growth of the aircraft ejection seats market during the forecast period.
Leading trends influencing the market – The growing use of virtual and augmented reality (VR/AR) training for testing aircraft ejection seats is an emerging trend shaping the market growth.
Major challenges hindering the market growth – The technological complexity associated with aircraft ejection seats is a significant challenge hindering market growth.
Insights on Market Drivers, trends, and challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this Aircraft Ejection Seats Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the aircraft ejection seats market between 2023 and 2027
- Precise estimation of the aircraft ejection seats market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the aircraft ejection seats market across Europe, North America, APAC, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of aircraft ejection seats market companies
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Aircraft Ejection Seats Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.17% |
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Market growth 2023-2027 |
USD 71.31 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023 (%) |
4.82 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 34% |
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Key countries |
US, China, Japan, France, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BAE Systems Plc, EDM Ltd., Martin-Baker Aircraft Co. Ltd., Raytheon Technologies Corp., and Rostec |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
