Commercial Aircraft Evacuation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Commercial Aircraft Evacuation System Market is Segmented by Equipment Type (Evacuation Slides, Life Rafts, Personal Floatation Devices), Aircraft Type (Narrow-Body, Wide-Body, Regional Jets), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Commercial Aircraft Evacuation System Market Size

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Commercial Aircraft Evacuation System Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.84 Billion
Market Size (2029) USD 2.38 Billion
CAGR (2024 - 2029) 5.30 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Commercial Aircraft Evacuation System Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Commercial Aircraft Evacuation System Market Analysis

The Commercial Aircraft Evacuation System Market size is estimated at USD 1.84 billion in 2024, and is expected to reach USD 2.38 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

Growing demand for the newer generation aircraft coupled with the increasing regulations by organizations like the National Transportation Safety Board and Federal Aviation Administration on the safety of passengers is generating demand for new and advanced evacuation systems onboard aircraft. All aircraft manufacturers are required to demonstrate that they meet the evacuation requirements set by their respective aviation certification authority. 

In 2020, the FAA chartered the Emergency Evacuation Standards Aviation Rulemaking (ARC). The ARC included dozens of aviation stakeholders, including the National Transportation Safety Board (NTSB), the European Union Aviation Safety Agency, FlyersRights, the Allied Pilots Association, and the Association of Flight Attendants. The ARC made 27 recommendations to the FAA related to how the safety of such evacuations could be improved.

The development of new evacuation systems for increasing the average rate of evacuees per minute is anticipated to minimize the risk and make the evacuation process faster. Such innovations are anticipated to support the growth of the market during the forecast period. Recent emergency evacuations highlighted the potential risks associated with an ever-increasing amount of cabin baggage carried in passenger cabins, which can pose challenges to airplane crew and passengers in evacuations.

Commercial Aircraft Evacuation System Market Trends

Evacuation Slides Segment to Experience the Highest Growth During the Forecast Period

The evacuation slides segment of the market is anticipated to grow at the highest CAGR during the forecast period. This growth is due to the increase in the number of aircraft orders worldwide. It is also due to the development of new evacuation slides that feature reduced inflation time, high durability, and lightweight. 

Also, the average interval for an overhaul of the evacuation slides is about three years, with service life ranging from 12 to 18 years. It means the aged aircraft fleet operators should replace their slides with new slide systems, and the operators with a fleet of aircraft with ages ranging between 10-12 years should carry out regular maintenance and inspections. For instance, in July 2023, a United Airlines Boeing B767 lost an evacuation slide mid-air while it was on its final approach to Chicago's O'Hare International Airport. 

Currently, the life rafts are being replaced by evacuation slides that can be detached from the door and used as a raft. With this replacement picking up pace, the demand for such evacuation slides is anticipated to increase steadily in the years to come.

Commercial Aircraft Evacuation System Market: Projected Aircraft Deliveries, Global, (in Units), 2021-2040

Asia-Pacific Region is Expected to Generate the Highest Demand During the Forecast Period

Asia-Pacific region is expected to generate the highest demand for commercial aircraft evacuation systems market during the forecast period. This increasing demand is mainly due to the increasing orders and deliveries of new aircraft, propelled by ever-growing passenger traffic in the region. For instance, as of February 2023, there are 1,100 planes on order by various domestic carriers in India. Air India placed orders for 470 planes with Airbus and Boeing. IndiGo Airlines includes approx. 500 planes on order, and Akasa Air contains 56 aircraft on order. In November 2022, China Aviation Supplies (CASC) signed a bulk purchasing agreement for 140 Airbus jets.

With the increase in the number of new aircraft inductions, the aircraft movement also greatly increased to serve the rapidly growing passenger traffic. Nevertheless, some incidents, such as the one in June 2023 wherein 11 passengers were injured while evacuating the Cathay Pacific jetliner aircraft when it aborted its take-off at Hong Kong International Airport, raised passenger safety concerns. It also raised the vigilance and focus of the regional aviation authorities towards integrating new aircraft evacuation technologies or improved variants of the existing ones.

Commercial Aircraft Evacuation System Market - Growth Rate by Region (2023 - 2028)

Commercial Aircraft Evacuation System Industry Overview

The market for commercial aircraft evacuation systems is consolidated, with very few players in the market. The major players in the market are Collins Aerospace (RTX Corporation), Safran, Survitec Group Limited, Martin-Baker Aircraft Co. Ltd., and Trelleborg AB. 

Safran holds a major share in the market as it provides evacuation slides for commercial aircraft manufactured by The Boeing Company, Airbus SE, and Commercial Aircraft Corporation of China, Ltd. (COMAC), IRKUT CORPORATION, Bombardier, Inc., Sukhoi Civil Aircraft, Illyushin, Tupolev, etc. 

With very few players in the market, the existing players are broadening their existing product portfolio to capture a higher market share in the market. For instance, the ABC International company designed the life-vest boxes as transparent boxes in compliance with certification standards and following TSA safety and security regulations. As such, the box offers passengers easy access to take the life-vest in every seating position across the cabin, whenever needed, with a single quick action.

For instance, in December 2021, Mallaghan Engineering, Ltd., a UK-based company that produces airport ground support equipment, launched a new 6x6 fire rescue stair for airport ground support. A large platform for safe working conditions, high stability of driving, and several additional possibilities are provided by the new stairs. The Mallaghan Fire Rescue Stair was created for quick emergency aircraft passenger evacuation. Such developments are anticipated to help the manufacturers in the coming years. 

Moreover, the aircraft manufacturers sign long-term contracts for procurement and maintenance of the evacuation systems. It acts as a major restraining factor for the new entrants into the market.

Commercial Aircraft Evacuation System Market Leaders

  1. Survitec Group Limited

  2. Safran

  3. Trelleborg AB

  4. Collins Aerospace (RTX Corporation)

  5. Martin-Baker Aircraft Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

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Commercial Aircraft Evacuation System Market News

  • October 2023: HAECO Group entered an agreement with Safran Aerosystems for the maintenance of the evacuation slide on the C919 aircraft. As per the terms of the agreement, HAECO's Component Repair and Overhaul (CRO) division would be authorized to develop the capability of the C919 evacuation slide in Asia-Pacific. As part of the collaboration, Safran Aerosystems will extend its support to HAECO by assisting in the development of HAECO's repair capability related to the product, including the supply of spare parts, sale of tooling and test equipment as well as the training and technical documentation necessary to perform maintenance services for the C919 evacuation slides.
  • June 2022: Air Partner partnered with Kenyon International Emergency Services, a US-based disaster management company with a full spectrum of emergency response services. The partnership aims to create and deliver thorough, individualized air evacuation plans that are suited to caring for people when a disaster occurs.
  • January 2022: Collins Aerospace, a part of RTX Corporation, was awarded a first-time support agreement for evacuation slides by Spairliners, an independent component aftermarket service provider specialized in support of the E-Jet aircraft family. Under the agreement, Collins will provide full testing and inspection of evacuation systems, as well as repair, modification, and replacement services.

Commercial Aircraft Evacuation System Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Equipment Type

      1. 5.1.1 Evacuation Slides

      2. 5.1.2 Life Rafts

      3. 5.1.3 Personal Floatation Devices

    2. 5.2 Aircraft Type

      1. 5.2.1 Narrow-body

      2. 5.2.2 Wide-body

      3. 5.2.3 Regional Jets

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Qatar

        4. 5.3.5.4 South Africa

        5. 5.3.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Safran

      2. 6.2.2 Survitec Group Limited

      3. 6.2.3 Switlik Parachute Co., Inc.

      4. 6.2.4 EAM Worldwide

      5. 6.2.5 Martin-Baker Aircraft Co. Ltd.

      6. 6.2.6 Trelleborg AB

      7. 6.2.7 GKN plc

      8. 6.2.8 Survival Equipment Services Ltd

      9. 6.2.9 Mallaghan (G.A.) Inc

      10. 6.2.10 Collins Aerospace (RTX Corporation)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Commercial Aircraft Evacuation System Industry Segmentation

The evacuation system comprises evacuation equipment that will aid in the emergency evacuation of passengers from an aircraft either on the ground or in water and remain afloat in the event of an over-water deplaning. The market study includes evacuation slides, life rafts, and personal floatation devices (such as life vests, inflatable armbands, and other components for passenger safety).

The commercial aircraft evacuation system market is segmented by equipment type, aircraft type, and geography. By Equipment type, the market is segmented into evacuation slides, life rafts, and personal floatation devices. By aircraft type, the market is segmented into narrow-body, wide-body, and regional jets. The report also covers the market sizes and forecasts for the commercial aircraft evacuation system market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Equipment Type
Evacuation Slides
Life Rafts
Personal Floatation Devices
Aircraft Type
Narrow-body
Wide-body
Regional Jets
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Qatar
South Africa
Rest of Middle East and Africa
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Commercial Aircraft Evacuation System Market Research FAQs

The Commercial Aircraft Evacuation System Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 5.30% to reach USD 2.38 billion by 2029.

In 2024, the Commercial Aircraft Evacuation System Market size is expected to reach USD 1.84 billion.

Survitec Group Limited, Safran, Trelleborg AB, Collins Aerospace (RTX Corporation) and Martin-Baker Aircraft Co. Ltd. are the major companies operating in the Commercial Aircraft Evacuation System Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Commercial Aircraft Evacuation System Market.

In 2023, the Commercial Aircraft Evacuation System Market size was estimated at USD 1.74 billion. The report covers the Commercial Aircraft Evacuation System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Aircraft Evacuation System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Commercial Aircraft Evacuation System Industry Report

Statistics for the 2024 Commercial Aircraft Evacuation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Aircraft Evacuation System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Commercial Aircraft Evacuation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)