The Aircraft Survivability Equipment Market is projected to grow from an estimated USD .3.54 billion in 2017 to USD 4.62 billion by 2022, at a CAGR of 5.49% from 2017 to 2022. Replacement of legacy systems with advanced combat systems, increase in asymmetric warfare, and the threat of advanced infrared (IR) and radio-frequency (RF) targeting systems are key factors expected to drive the market during the forecast period. The market has been segmented based on platform, subsystem, fit, and region.
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Based on platform, the aircraft survivability equipment market has been segmented into combat aircraft, combat helicopter, special mission aircraft, and UAV. Rising threats, advancements in technology, and futuristic conflicts have increased the need for survivability equipment in unmanned aircraft and defense aircraft, among other platforms.
Based on subsystem, the aircraft survivability equipment market has been segmented into electronic support, electronic attack, and non-combat systems. The electronic support segment includes systems that detect incoming threats to an aircraft, such as surface-to-air missiles, air-to-air missiles, rocket-propelled grenades, shoulder-fired missiles, and anti-aircraft artilleries.
Based on fit, the market has been segmented into line fit and forward fit. The forward fit segment is projected to witness a higher growth rate than the line fit segment during the forecast period. This higher growth of the forward fit segment is due to upgradation of old aircraft by various defense organizations.
North America, Europe, Asia Pacific, the Middle East, and RoW (rest of the world) have been considered in the regional analysis of the aircraft survivability equipment market. Europe is estimated to lead the market in 2017, owing to the presence of major aircraft survivability equipment manufacturers, such as BAE Systems (UK), Chemring Group (UK), RUAG Holding AG (Switzerland), Saab AB (Sweden), Terma A/S (Denmark), and Thales Group (UK) in the region.
Key Market Players
Major companies profiled in the aircraft survivability equipment market report are Northrop Grumman Corporation (US), Orbital ATK, Inc. (US), Thales Group (France), Chemring Group PLC (UK), Saab AB (Sweden), BAE Systems (UK), and Israel Aerospace Industries Ltd. (Israel), among others.
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