Technavio Announces the Publication of its Research Report – Global Aircraft Smoke Detection and Fire Extinguishing Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global aircraft smoke detection and fire extinguishing system market: Advanced Aircraft Extinguishers, Diehl Stiftung, Meggitt, Siemens, and UTC Aerospace Systems

Other Prominent Vendors in the market are: Amerex, Fire Fighting Enterprises (FFE), Gielle, H3R, and Ventura Aerospace.

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of environmentally viable fire extinguishing system. A considerable number of public-funded projects have been directed toward enhancing fire safety in passenger aircraft. For example, the FIREDETEX project funded by the European Commission, as a part of the FP5 Framework program, focuses on the development and implementation of an environmentally sustainable FSS that will align with the sustainability standards of the new-age jetliners. The project focused on the use of a water mist and nitrogen-enabled FSS, which promises higher safety standards.”

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According to the report, one of the major drivers for this market is Increasing global aircraft fleet. The global aviation industry is experiencing an exponential increase in the number of passengers opting for air travel. With such rapid growth in the passenger traffic, it becomes increasingly important for airlines to increase the number of flights to meet the rise in demand and leverage on the potential market. We expect that close to 7.2 billion passengers will travel by air in 2035, which is nearly double than the 3.8 billion air passengers that traveled in 2016.

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Further, the report states that one of the major factors hindering the growth of this market is Delays in aircraft delivery. Delays in aircraft delivery are one of the major reasons limiting the growth of the global aircraft smoke detector and fire extinguishing system market. These delays invariably slow down the units procured and lead to longer holding time and higher inventory costs for the manufacturers of smoke detectors and fire extinguishing systems.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.