Market Size of Aircraft Ejection Seat Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.68 Billion |
| Market Size (2029) | USD 3.69 Billion |
| CAGR (2024 - 2029) | 6.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Ejection Seat Market Analysis
The Aircraft Ejection Seat Market size is estimated at USD 2.68 billion in 2024, and is expected to reach USD 3.69 billion by 2029, growing at a CAGR of 6.60% during the forecast period (2024-2029).
Due to the impact of the COVID-19 pandemic, the disruption in the supply chain has affected the growth of the companies, as they have had to deal with a significant margin of loss, especially in the case of fixed-price contracts. Since there was no long-term impact on the industry as long as the demand was persistent from the global armed forces, the situation improved for several military aircraft manufacturers worldwide in 2021.
There has been an increase in the number of pilot-related crashes on a global scale, which has sparked the need to focus on augmenting the current safety standards of the pilot and other crew members (such as flight instructors). This has encouraged periodic malfunction tests on several cockpit equipment items, including the ejection seat. Furthermore, the fleet modernization and expansion initiatives undertaken by the global defense forces also drive the demand for ejection seats, as these are mandatory to be installed onboard the combat and training aircraft.
