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Helicopter Emergency Flotation System Market Size, Share, and Analysis, By Type (Life-limited, No Life-limit), By Sales Channel (OEM (Original Equipment Manufacturer), Aftermarket), By End-user Industry (Private, Military) and Regional Forecasts, 2022-2032
The Global Helicopter Emergency Flotation System market size was USD billion in 2021 and projected to grow from USD billion in 2023 to USD billion by 2032, exhibiting a significant CAGR during the forecast period.
Global Helicopter Emergency Flotation System market is an emergency system to prevent any airframe from sinking during emergency/ crash landing on the water. The helicopter emergency floatation systems are usually installed in large helicopters or military helicopters. These emergency floatation systems are overblown by the gas which is stored in a cylinder carried on board in the helicopter. Helicopter emergency floatation systems is used for evacuation of passengers and to enable landing on the surface of water. This emergency floatation systems of helicopter decreases the risk of submersion during the sea landing and hence is the most important owing to the increased demand in market. The helicopter emergency flotation systems of is externally mounted on the lower structure or a space provided inside the airframe of the helicopter.
Global Helicopter Emergency Flotation System Market is expected to project a significant CAGR during the forecast period, 2022-2032
The Global Helicopter Emergency Flotation System Market is expected to reach USD billion at a significant CAGR during forecast period. The major factors that drive the growth of the global Helicopter Emergency Flotation System Market are the rise in demand for usage of military Helicopter, medical emergency rescue services, and offshore services of Helicopter. The helicopter emergency floatation systems will expand the mission capability and help in increasing its applications for use over-water missions like saving passenger, any investigation and oil and gas transportation.
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Military segment is expected to grow with high CAGR during the forecast period
The global helicopter emergency flotation system market is classified based on the End Use Industry into Private, Military. The military segment holds the largest market share during the year 2021 and is also expected to grow during the forecast period owing to the increase investments in this field by many countries to raise the defense spending by improving border security and acquiring modern technologies & weaponry which is expected to boost the growth of market. Anti-submarine warfare are the helicopters which are helpful for costal security using advanced technologies which is likely to boost helicopter emergency flotation system market growth in future.
OEM segment is expected to grow with high CAGR during the forecast period
The global helicopter emergency flotation system market is classified based on the sales channel into OEM (Original Equipment Manufacturer) and Aftermarket. The Original Equipment Manufacturer segment holds the largest market share during the year 2021 and is also expected to grow during the forecast period owing to the increased requirement of the equipment related to flotation systems which is expected to boost market.
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Increasing Safety Concern is Expected to Boost the Growth of the Market
The establishment and developing of dockyard and ports across the regions require the necessity to assure safety measures and emergency evacuation on water bodies with the support of air which is expected to raise the demand for helicopter emergency floatation systems over the forecast period.
Growing Production of Helicopters is Expected to Boost the Growth of the Market
Rising requirement of helicopters in military & navy throughout the global market and their utilization during emergencies or special missions is expected drive the growth of the helicopter emergency floatation systems market. The increasing demand for commercial services of helicopter in global market is expected to drive the helicopter emergency floatation systems market and as the operational life of helicopter emergency floatation systems is less, they are estimated to create strong potential in the market.
Restraints
High Price of the System May Restrain the Market Growth
The price for procuring a new helicopter and their services is high which may restrain the growth of the helicopter emergency floatation system market and the systems of helicopter emergency floatation are damaged easily & also has a limited operational life which will obstruct the growth of global helicopter emergency flotation system market.
Recent Developments:
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Helicopter Emergency Flotation System Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the Global Helicopter Emergency Flotation System Market in 2021 and is also expected to dominate over the forecast period owing to the increased usage of helicopters in that region and due to the presence of most of the Helicopter Emergency Floatation Systems key players in that region. The Helicopter Emergency Floatation Systems market is expected to be dominated by the U.S. and the presence of high awareness in these regions is expected to drive the Helicopter Emergency Flotation System market growth.
Get More Information - Download Free SampleThe outbreak of the COVID-19 pandemic has resulted in the economic slowdown across the world. Many countries imposed stringent lockdowns and travel bans regulations to prevent the spread of coronavirus. With the imposition of lockdown and travel bans in several countries, there was a major interruption in the manufacturing industries. Covid-19 has affected several industries and even led to shutdown of many business activities. COVID-19 has impacted the Global Helicopter Emergency Flotation System negatively due to the imposition of lockdown and travel bans.
Global Helicopter Emergency Flotation System Market is further segmented by region into:
Global Helicopter Emergency Flotation System Market report also contains analysis on:
Global Helicopter Emergency Flotation System Market Segments:
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Report Attribute
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Details
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Market size value in 2021 |
USD billion |
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Revenue forecast in 2032 |
USD billion |
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Growth Rate
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CAGR from 2022 to 2032
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Base year for estimation |
2021
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Quantitative units
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Revenue in USD billion and CAGR from 2022 to 2032
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Report coverage
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Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Segments covered
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Type, Sales Channel, End User, and Region
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Regional scope
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North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
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Key companies profiled
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Russian Helicopter, Aero Sekur S.p.A, Dart Aerospace Limited, Safran Aerosystems, GKN Aerospace Services Limited, Apical Industries, Heliswiss Ibérica, S.A., MAROTTA CONTROLS, INC and Other Prominent Players |
Global Helicopter Emergency Flotation System market size was estimated at USD billion in 2021 and is expected to reach USD billion in 2032.
Global Helicopter Emergency Flotation System market is an emergency system to prevent any airframe from sinking during emergency/ crash landing on the water. The helicopter emergency floatation systems are usually installed in large helicopters or military helicopters.
Original Equipment Manufacturer, and Military segment accounted for the largest Global Helicopter Emergency Flotation System market share.
Key players: Russian Helicopter, Aero Sekur S.p.A, Dart Aerospace Limited, Safran Aerosystems, GKN Aerospace Services Limited, Apical Industries, Heliswiss Ibérica, S.A., MAROTTA CONTROLS, INC and Other Prominent Players are the key players in the Global Helicopter Emergency Flotation System market.
Increasing Safety concern and Increasing Production of Helicopters are the factors driving the Global Helicopter Emergency Flotation System market.
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