July 29th,2022/IndustryNewsGlobal/ — This new report from Stratview Research analyses the Aircraft Fire Protection Systems Market over the trend period from 2015 to 2020 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aircraft Fire Protection Systems Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Fire Protection Systems Market is no different. Derived from the previous market scenario, the Aircraft Fire Protection Systems Market is likely to witness a healthy CAGR of 5.4% during the forecast period. 

Key Players:

  • Advanced Aircraft Extinguishers (AAE)
  • Amerex Corporation
  • Diehl Stiftung & Co. Kg
  • Gielle Groups
  • Halma plc
  • H3R Aviation Inc.
  • Meggitt plc
  • Siemens AG
  • UTC Aerospace.

The Aircraft Fire Protection Systems Market is segmented by–

  •  
  • by Product Type (Fire Detection Systems, Alarm & Warning Systems, and Fire Suppression Systems), 
  • by Application Type (Engines, Cabins, Cockpits, Auxiliary Power Units, and Cargo Compartments), 
  • by Fit Type (Line fit and Retrofit), 
  • by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft) and 
  • by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/361/Aircraft-Fire-Protection-Systems-Market.html#form

Regional analysis:

Based on regions, North America is expected to remain the largest market for aircraft fire protection systems during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft fire protection systems manufacturers, distributors, and raw material suppliers. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements than these technologies gradually transmitted to other parts of the world like China and India.

Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the countries. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft fire protection systems in these countries in the coming years.

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