Aviation life rafts are small, rigid to semi rigid, inflatable, floating devices carried aboard an aircraft utilized as a rescue mechanism in an unlikely event of emergencies. In addition to its usage in commercial aircraft, aviation life rafts are also installed as a rescue raft in military aircrafts as well. The aviation life rafts has to be approved by its relative governing body such as International Convention for the Safety of Life at Sea (SOLAS) in order to ensure its proper functioning in times of emergency. These life rafts sold in the market usually come equipped with survival kits, beaconing lights and inflation mechanisms among other nifty items. High end aviation life rafts come equipped with flexible canopies for protection against harsh ocean environment and oars. The materials adopted for the construction of aviation life rafts are required to be lightweight so as to not affect the payload of an aircraft, and must be tough yet flexible in order to take up as less amount of space as possible within an aircraft.
Aviation Life Rafts Market Dynamics
An aircraft is a highly critical transportation medium wherein every possible disaster situation it may come across is scrutinized and assessed paving a way for mandatory installation of aircraft life rafts within the cabin. The minimum number of aviation life rafts that has to be carried in an aircraft has also been increased so as to accommodate the maximum number of passengers which is further increased when wide body and very large body aircrafts are concerned. As witnessed in the current air travel scenario, the increase in the number of mishaps and incidents occurring around an aircraft has prompted various governing bodies to tighten the rules in order to improve passenger safety hence, biding well for the growth of the aviation life raft market. The increase in the number of orders placed by the airline carriers for new aircrafts coupled with an uptick in refurbishment activities of the existing fleet is also anticipated to drive the market on a positive note in the upcoming years. One of the challenges involved with the market is its inclusion in aircrafts that ply on domestic routes as it makes its requirement redundant.
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Aviation Life Rafts Market: Regional Outlook
From the perspective of various geographical locations across the globe, the market for aviation life rafts is poised of healthy growth in the upcoming years. In the Asia Pacific region, growing airline industry with many low costs airline carriers coming up coupled with increase in the number of orders of new aircrafts by these airline carriers is anticipated to push the market. China is on the verge to manufacture its own commercial aircrafts at a lower cost with an aim to break the Airbus-Boeing dominance and attract more clients based within the region. The aviation life rafts market in the North American as well as Western Europe region is also anticipated for a steady growth due to stringent Governmental push for increased safety requirements in air travel. Very large aircrafts such as Boeing 747 and Airbus A380 are popular among the Middle East airline carriers with further orders placed on such aircrafts, hence benefitting the growth of the market in the region in the future.
Aviation Life Rafts Market: Market Participants
Below are some of the examples of major players involved in the Global Aviation Life Rafts market in the value chain:
- Winslow LifeRaft Company (UTC Aerospace Systems)
- Life Support International
- Revere Survival Inc.
- Survival Products, Inc.
- Switlik Inc.
- Zodiac Aerospace
- Survitec Group
- Plastimo SAS
- TULMAR Safety Systems
- VIKING Life-Saving equipment A/S
- EAM Worldwide
- Autoflug GmbH
- RUAG Group
- Survival Equipment Services Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Aviation Life Rafts Market: Segmentation
By Capacity, the market can be segmented as:
- Less than 3 persons
- 3 to 6 persons
- More than 6 persons
By Type, the market can be segmented as:
- Single Tube Life Raft
- Multi tube Life Raft
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance