Demand for the combat aircraft is on rise, thus driving the market for the ejection seats. With increasing defense budgets of numerous nations across globe, production of the combat aircrafts has spiralled upwards. Developing markets are playing important role in the bolstering aircraft ejection seat market. Arms race between the superpowers has led to increased production of wide range of such military vehicles, equipment, and aircrafts. Furthermore, with countries such as India, China and Pakistan entering the fray, demand is expected to grow further in foreseeable future. These countries are anticipated to present remarkable market opportunities to the players during review period. Furthermore, the pandemic COVID 19 is also accepted to have significant impact on the market growth. The economic slowdown as a result of the pandemic will have long term impact over the markets.
The growth in procurement of trainer and combat aircraft is major driver for growth of aircraft ejection seat market. The technological developments in terms of the designs, materials, and manufacturing processes for ejection seats are anticipated to help growth of market during forecast period.Segment Overview
The combat aircraft held largest market share in the year 2019 and is expected to dominate market during forecast period. These aircraft are vital assets for militaries of all countries. With growing terror threats and the political tensions among nations, focus has been shifted towards modernization of the fleet by replacing the aging aircraft with new innovative combat aircraft. Expertise advancements in precision and stealth weapons are further compelling the countries to procure the new combat aircraft, as every nation want combat capabilities to be up-to-date.
Newer generation of these combat jets are capable of the multi-role abilities and have larger load carrying capacities with the stealth features, and therefore their procurement is growing. For instance, India is presently procuring the Dassault's 36 Rafale in which 28 aircraft are the single-seater jets and 8 aircraft are the twin seaters for training. Rafale jets are tailored with Martin-Baker Mk F16F ejection seat. Consequently, the growth in procurement of combat aircraft will drive the demand for the combat aircraft ejection seats. Regional Overview
North America held largest share in aircraft ejection seat market in the year 2019. U.S. Department of Defense is concentrating on the modernizing fighter aircraft fleet. Moreover, USAF plans to raise its fighter aircraft named squadron from 55 to 65 in coming years, to deal with growing military might of potential adversaries. Under F-35 Joint Strike Fighter (JSF) Program, U.S. Department of the Defense (DOD) has plans to procure more than 2,400 new age band F-35s. Of total acquisition, above 1,700 aircraft will be an F-35A variant.
The F-35A is anticipated to replace older F-16 and F-15 fighter aircraft which are in service with U.S. Martin-Baker supplies Mk16 - US16E ejection seats for F-35 Joint Strike Fighter program. Similarly, U.S. Air Force presented Boeing Defense contract worth USD 9.2 billion for production of 351 T-X trainer jets, with deliveries anticipated to start during forecast period. Such procurement of the new aircraft will consecutively generate demand for the aircraft ejection seats in U.S.Competitor overview
The market is extremely consolidated with only limited players. NPP Zvezda, Martin-Baker Aircraft Co. Ltd, and Collins Aerospace or Raytheon Technologies Corporation are prominent players in market. Players are concentrating on innovative solutions for the aircraft ejection seat technologies to permit improvements in the ejection seat features such as better weight balance, operability for large weight range, trajectory height of seat in favourable direction, stabilization, and quickening parachute activation time after escape, etc.
Manufacturers are coming up with many new expansions in designs of aircraft ejection seats to increase safety of pilots, thus improving their survival rates. The developments are anticipated to bolster growth prospects for players during forecast period.Key Players
- Martin-Baker Aircraft Co. Ltd
- Collins Aerospace (Raytheon Technologies Corporation)
- NPP Zvezda
- RUAG Group
- Survival Equipment Services Ltd
- East/West Industries, Inc.
By Seat Type
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA