This report provides an analysis of the Aircraft Survivability Equipment Market over the next five years. It discusses industry and technology trends that are currently prevailing in the aircraft survivability equipment market. It also analyses the factors that drive and restrain the growth of the aircraft survivability equipment market as well as the challenges faced by it. The aircraft survivability equipment market is projected to grow from USD 3.54 billion in 2017 to USD 4.62 billion by 2022, at a CAGR of 5.49% from 2017 to 2022. The market is driven by the increasing use of survivability equipment in different types of military aircraft, such as combat aircraft, combat helicopters, special mission aircraft, and UAVs.
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Target Audience for this Report
- Manufacturers of Aircraft Survivability Equipment
- Component Manufacturers of Aircraft Survivability Equipment
- Military Aircraft Manufacturers
- Government and Certification Bodies
By subsystem, the electronic support segment of the aircraft survivability equipment market is projected to grow at the highest CAGR during the forecast period. Increasing use of electronic support systems in military aircraft to detect enemy aircraft and incoming threats is expected to fuel the market. Electronic support systems include IFF (Identification, Friend or Foe), RWR (Radar Warning Receiver), LWS (Laser Warning System), and MWS (Missile Warning System).
By platform, the combat helicopter segment is projected to grow at the highest CAGR during the forecast period due to the growing use of combat helicopters in military operations. By fit, the forward fit segment is projected to grow at highest CAGR during the forecast period due to the requirement for upgradation of old military aircraft with new survivability equipment.
Among regions, the Middle East aircraft survivability equipment market is projected to grow at the highest CAGR from 2017 to 2022 due to the presence of some of the prominent market players in the region. The rise in combat helicopter deliveries has also propelled the demand for aircraft survivability equipment, which will, in turn, boost the aircraft survivability equipment market in this region during the forecast period.
Defense departments of various countries are investing in the upgradation of their existing aircraft fleet with new aircraft survivability equipment rather than purchasing new aircraft. This not only saves the cost of purchasing new aircraft but also saves the time required for delivery. The upgradation of existing fleet by various countries is a potential growth opportunity for the manufacturers of aircraft survivability equipment.
Key Market Players
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)
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