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Aircraft ejection seat is a technologically advanced device which is designed to rescue the aircraft pilot during the scenario of air-crash. The aircraft seat is propelled out through a rocket motor.The increasing use of aircraft ejection seat in the combat aircraft for battlefield operation is refueling the market growth. The Rafale jets which are designed by the Dassault Aviation (France) are installing the Martin-Baker Mk F16 aircraft ejection seat. The increasing demand of the combat aircraft from the several defense forces across the globe is directly raisre the demand of the aircraft ejection seat.
The factors are projected to drive the market are the growing defense budgets from the emerging economy such as China and India to improve the battlefield strength. Moreover, research & development programs implemented by the Airborne Systems Inc for ejection seats are anticipated to boost the market. The increasing demand of cost-efficient aircraft ejection system is the upcoming opportunities for the market. However, high higher cost is associated to install aircraft ejection seat are majorly affecting the market growth.
Key Market Driver -
• Research & Development Programs Implemented by Key Compamies to Develop Cost-Effective Aircraft Ejection Seat • The increasing Use of Aircraft Ejection Seat in The Combat Aircraft for Battlefield Operation
Key Market Restraint -
• High Cost is Associated to Install Aircraft Ejection Seat are Affecting Market Growth
By fit, the market is segmented into line-fit and retro-fit. Based on aircraft type, the market is segmented into combat aircraft and trainer aircraft. Based on the seat type, the market is categorized into single seat and twin seat. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Major key players that are present in the aircraft ejection seat market are Airborne Systems Inc.( The U.S.), Clarks Precision Machine & Tool (The U.S.), EDM Limited (The U.K.), Martin-Baker Aircraft Co. Ltd (The U.K.), RLC Group (The U.K.), NPP Zvezda, AO (Russia), RUAG (Switzerland), Survival Equipment Services Ltd.(The U.K.), United Technologies Corporation (The U.S.), and among others.
The aircraft ejection seat market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America is expected to steer the market during the forecast period. This growth is attributed to the presence of key players, which include Airborne Systems Inc., Clarks Precision Machine & Tool , United Technologies Corporation, and among others.
The Asia Pacific is estimated to capture a significant market share of the market during the forecast period. This market growth is attributed to the increasing demand for fifth generation fighter jets (equipped with aircraft ejection seat) from China and India. In July 2020, India’s Ministry of Defence and the Russian government had signed a contract with a valuation of USD 2400 million for 33 Russian fighter jets. The increasing demand of fighter jets from the Asian countries will directly rasise the demand of the aircraft ejection seat.
Europe also exhibits significant growth in the market. This growth is attributed to the presence of key players, which include EDM Limited, Martin-Baker Aircraft Co. Ltd , RLC Group, NPP Zvezda, AO , RUAG Survival Equipment Services Ltd, and among others. The Rest of the World registers significant growth during the forecast period. This growth is attributed to the growing demand for aircraft ejection seat in South America and Middle East & Africa.
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By Aircraft Type
By Seat Type
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