The Aircraft Ejection Seat Global Market Report 2023, provides comprehensive information on the aircraft ejection seat market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aircraft ejection seat market size is expected to grow from $2.16 billion in 2022 to $2.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft ejection market size is expected to reach $3.04 billion in 2027 at a CAGR of 7%.
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Product innovations are a key trend gaining popularity in the aircraft ejection seat market. Companies operating in the aircraft ejection seat market are focused on innovating new products to sustain their position in the market. For instance, in April 2021, Korea Aerospace Industries (KAI), a South Korea-based aviation technology company, unveiled its first indigenous fighter jet prototype, the KF-21 Boramae, equipped with Martin-Baker Mk.18 Ejection Seats. These aircraft ejection seats are state-of-the-art seats designed for modern fighter aircraft, with advanced safety systems, lightweight construction, and a rocket motor for high-speed ejections. It also has a parachute system and a sophisticated head-support system to reduce the danger of harm during ejection. The Mk.18 seat provides the best level of safety for pilots in the KF-21 and related fighter aircraft during emergency ejection scenarios.
The aircraft ejection seat market is segmented:
1) By Seat Type: Single Seat, Twin Seat
2) By Aircraft Type: Combat Aircraft, Trainer Aircraft
3) By Fit: Line-Fit, Retro-Fit
4) By Component: Seat Actuator, Belts, Parachute, Other Components
5) By Application: Military, Civil And Commercial
North America was the largest region in the aircraft ejection seat market in 2022.
The table of contents in TBRC’s aircraft ejection seat market report includes:
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