Market Size of Commercial Aircraft Evacuation System Industry
| 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
*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.
