The military aircraft ejection seats market size will gain considerable traction on the back of rising applications across training aircraft and combat aircraft applications. Moreover, innovations and investments in lightweight design will augur well for the business outlook. Prominently, the penetration of two-seater fighter jets could provide impetus to the industry growth.
Fortune Business Insights™ has delved into these inputs in an upcoming research report, titled, “Military Aircraft Ejection Seats Market, 2023-2030.”
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With respect to application, the market is segmented into training aircraft, combat aircraft and others. On the basis of component, the industry is fragmented into seat actuators, seat foams & fittings and others. In terms of geography, the market covers Europe, North America, Asia Pacific, Latin America and the Middle East & Africa.
Drivers and Restraints-
Rising Footfall of Combat Aircraft to Usher in Innovation
With escalating political tensions and terrorist threats, industry players are likely to invest in military aircraft ejection seats market share. With fleet advancements and investments in state-of-the-art technology, stakeholders will continue to inject funds into the ejection seat portfolio. The rising penetration of precision weapons has furthered the need for combat aircraft. For instance, in September 2021, it was reported that the Indian Air Force (IAF) would procure 350 aircraft over the next two decades, including combat aircraft. Soaring military spending could encourage leading companies to expand their penetration. That said, the possibility of seat ejection malfunctions may impede the industry growth.
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Rising Military Spending to Propel North America Market
Major players are well-poised to expand their penetration across the U.S. and Canada following the surge in military spending. In May 2021, the Pentagon sought USD 52.4 billion to pour into the military’s air portfolio. With increased funding, an investment plan for aircraft will continue to gain prominence over the next few years. North America market forecast will be strong with soaring investments in fighter aircraft squadrons.
Asia Pacific military aircraft ejection seats market growth will be noticeable with soaring demand for sophisticated military aircraft. For instance, in July 2020, India inked a contract with Russia to buy 33 fighter jets for USD 2.43 billion. The beefing up of defense capabilities will foster the penetration of advanced aircraft ejection seats across the region. With military modernization picking pace, Asia Pacific is poised to be a happy hunting ground for leading manufacturers and suppliers.
Stakeholders Focus on Product Launches to Bolster Portfolios
Leading companies are likely to invest in technological advancements, product rollouts, and R&D activities to expand their geographical presence. With soaring investments in innovation and advanced design, stakeholders could inject funds into mergers and acquisitions.
- October 2020: Collins Aerospace Systems was awarded a USD 700 million contract to produce and field a next-generation ejection seat for a host of U.S. Air Force aircraft. The company expects it will help boost safety and reduce ejection-related injuries.
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Some of the Leading Companies Profiled in the Market:
- UTC Aerospace Systems (U.S.)
- RUAG Group (Switzerland)
- Martin-Baker Aircraft (U.K.)
- RLC Group (U.K.)
- Neomega Resin (U.K.)
- SMBF Safran Martin-Baker (U.K.)
- Clarks Precision Machine and Tool (U.S.)
- EDM Limited (U.K.)
- Airborne Systems NA Inc. (U.S.)
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