Market Share of Commercial Aircraft Evacuation System Industry
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
Survitec Group Limited
Safran
Trelleborg AB
Collins Aerospace (RTX Corporation)
Martin-Baker Aircraft Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
