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(Transportation-News.com, October 04, 2018 )
The Aircraft Fire Protection Systems Market: Highlights
The market for fire protection systems for the aircraft industry is likely to be prosperous in the coming years with significant growth opportunities in the entire market value chain. It is estimated that the global aircraft fire protection systems market is likely to witness a healthy CAGR of 5.4% during the forecast period. Increasing deliveries of commercial aircraft to support rising passenger traffic, stringent regulations regarding the usage of halogen-free extinguishers, the advancement in the fire protection systems, the introduction of high thrust engines, and rising aircraft fleet size the major factors burgeoning the growth of fire protection systems in the aircraft industry in the coming five years.
Aircraft fire protection systems are situated near the engine and fuselage to spot any incidence of fire and ensure remedial action to safeguard the security of passengers and crew members, cargo, and the aircraft. In any event of a fire, the aircraft fire protection system alerts the onboard crew in the aircraft and ensures curative actions, such as fire extinguishing. Water, carbon dioxide, and dry powder are the widely used fire extinguishing applicants in the market, which form an integral part in any aircraft design. These applicants substitute air with an inert gas to prevent combustion causing the inferno.
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Based on the application type, the aircraft fire protection systems market is bifurcated into engines, cabins, cockpits, Auxiliary Power Units (APUs), and cargo compartments. The engine segment is projected to remain largest and fastest-growing in the coming five years, driven by the introduction of high-thrust engines coupled with an increased amount of fire protection systems.
Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. The commercial aircraft is projected to remain the largest segment of the market during the forecast period.Boeing, in its commercial aircraft outlook 2018-2037, recently stated that approximately commercial aircraft are likely to be delivered during 2018-2037 out of which approximately 64.7% of the aircraft would be delivered in Asia-Pacific and Europe. Additionally, the global commercial aircraft fleet is likely to grow at a healthy CAGR of 3.5% during the period of 2018 to 2037.
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Source: EmailWire.Com 
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