Performance of power range segments in the global aircraft fire protection system market

The global aircraft fire protection system market is expected to grow at a CAGR of 5.73% during the forecast period. Based on the application, the global aircraft fire protection system market has been segmented into commercial aircraft, military aircraft, and business aircraft.

The growth of the commercial aircraft industry can be attributed to factors such as technological advancements and the increasing preference of consumers for air travel. In an effort to comply with the stringent emission norms, airline operators are procuring new aircraft with advanced engines to maintain profitability through the reduction of operational costs. Technavio anticipates the increasing order book for modern commercial aircraft to drive the market in focus during the forecast period.

Request for: Free Sample Report

The demand for regional aircraft has been constantly growing due to the commercialization of new routes and point-to-point connections, considering the low operating costs and enhanced usage flexibility offered by the regional aircraft segment of the global aircraft fire protection system market. These aircraft can cater to a more flexible demand and can operate at high-frequency point-to-point travel between two locations. Hence, large order books for commercial aircraft are anticipated to drive the growth of the global aircraft fire protection system market during the forecast period.