Aircraft Fire Protection Systems Market rises with the surge in new aircrafts

Market Overview:
The global aircraft fire protection systems market is expected to reach USD 1,157.7 million by 2025, developing a CAGR of about 5% during the forecast period.

An aircraft fire protection system is installed to protect and monitor any symptoms that may cause a fire inside the aircraft. The aircraft fire protection system consists of a fire detection system and a fire suppression system, which has been improved lately and does not rely on observations from crew members to detect a fire. The High Flow Discharge System (HRD) is used for the fire extinguisher in modern aircraft. In case of any fire mishap, the fire protection systems in modern aircraft will immediately alert its on-board crew members to take instant action, such as extinguishing them.

Recent Developments:
Meggitt has recently obtained a contract for fire protection in the Boeing 737 MAX engine and auxiliary power unit (APU).

Market Drivers and Restraints:
In order to augment the safety of air travelling passengers and curb the risk of fire accidents at the time of travel, aviation regulators across the globe have come up with some severe safety regulations and standards. These laws encourage the aircraft providers to install advanced aircraft fire protection systems. These fire protection systems act as extinguishing agents by being released inside the aircraft in the form of a gas. Although halons work on the principle of intrusion in chain responses that accelerate the spread of fire, their popularity has increased, there has been a large increase in their number of installations. Halons are expected to contribute to the growth of the aircraft fire detection and protection systems market in the near future. However, it should be noted that aircraft fire protection systems consist of fire detection elements that are positioned in many high-motion areas around aircraft engines.

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Report is segmented as:
By Application:
• Aircraft Cargo Compartments
• Engines
• Auxiliary Power Units (APU)
• Cabins & Lavatories
• Cockpits

By Product:
• Fire Detection Systems
• Alarm & Warning Systems
• Fire Suppression Systems

By Aircraft Type:
• Civil Aircraft
• General Aviation Aircraft
• Commercial Passenger & Cargo Aircraft
• Civil Helicopters
• Military Aircraft
• Fighter Jets
• Military Helicopters
• Transport Carriers

By Fit:
• Linefit
• Replacement

Geographical segmentation:
On the basis of geography, the global aircraft fire protection systemsmarket is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, North America is forecasted to remain the biggest market for aircraft fire protection systems during the estimated time frame.

Key market players:
United Technologies (US), Meggitt (UK), Diehl Aerospace (Germany), Siemens (Germany), Halma (UK), Advanced Aircraft Extinguishers (US), Gielle Industries (Italy), and H3R Aviation (US) are some of the key players in this market.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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