Aircraft Fire Protection Systems Global Market Opportunities and Strategies to 2033

This report describes and explains the aircraft fire protection systems market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global aircraft fire protection systems market reached a value of nearly $1.72 billion in 2023, having grown at a compound annual growth rate (CAGR) of 3.9% since 2018. The market is expected to grow from $1.72 billion in 2023 to $2.29 billion in 2028 at a rate of 5.9%. The market is then expected to grow at a CAGR of 7.2% from 2028 and reach $3.24 billion in 2033.

Growth in the historic period resulted from the increasing commercial aircraft orders, rising number of aircraft fire accidents, growing regulations on the mandatory use of fire safety equipment. Factors that negatively affected growth in the historic period were high implementation costs.

Going forward, increase in the number of new aircraft, increase in passenger air traffic will drive the market growth. Factor that could hinder the growth of the aircraft fire protection systems market in the future include stringent compliance and certification requirements.

The aircraft fire protection systems market is segmented by type into fire detection systems, alarm and warning systems and fire suppression systems. The fire detection systems market was the largest segment of the aircraft fire protection systems market segmented by type, accounting for 47.9% or $827.12 million of the total in 2023. Going forward, the fire suppression systems segment is expected to be the fastest growing segment in the aircraft fire protection systems market segmented by type, at a CAGR of 6.73% during 2023-2028.

The aircraft fire protection systems market is segmented by aircraft type into commercial aircraft, commercial helicopters, military aircraft and military helicopters. The commercial aircraft market was the largest segment of the aircraft fire protection systems market segmented by aircraft type, accounting for 43.3% or $4.1 billion of the total in 2023. Going forward, the commercial helicopters segment is expected to be the fastest growing segment in the aircraft fire protection systems market segmented by aircraft type, at a CAGR of 7.09% during 2023-2028.

Asia Pacific was the largest region in the aircraft fire protection systems market, accounting for 34% or $587.1 million of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the aircraft fire protection systems market will be Asia Pacific and Western Europe where growth will be at CAGRs of 6.4% and 6.4% respectively. These will be followed by Eastern Europe and North America where the markets are expected to grow at CAGRs of 5.8% and 5.3% respectively.

The aircraft fire protection systems market is segmented by application into cabin and lavatories, cockpits, cargo compartments and engine and APUs (auxiliary power units). The cabins and lavatories market was the largest segment of the aircraft fire protection systems market segmented by application, accounting for 46.3% or $799.02 million of the total in 2023. Going forward, the engine and APUs segment is expected to be the fastest growing segment in the aircraft fire protection systems market segmented by application, at a CAGR of 6.98% during 2023-2028.

The global aircraft fire protection systems market is highly concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 50.5% of the total market in 2022. The market concentration can be attributed to the presence of large number of players in different geographies. RTX Corporation was the largest competitor with a 19.1% share of the market, followed by Meggitt (Parker Hannifin Corporation) with 9.4%, AMETEK Inc. with 5.9%, Diehl Stiftung & Co. KG with 5.5%, Amerex Corporation with 3.2%, Halma Plc with 2.6%, Ventura Aerospace Inc. with 2.3%, Siemens AG with 1.6%, Curtiss-Wright Corporation with 0.8% and Hazard Control Technologies with 0.2%.

Market-trend-based strategies for the aircraft fire protection systems market include focusing on developing innovative products to sustain their position in the market, focusing on using artificial intelligence (AI) technology to expand their product portfolio and increase sales, focusing on strategic partnerships and collaborations to expand their market share.

The top opportunities in the aircraft fire protection systems market segmented by type will arise in the fire detection systems segment, which will gain $236.9 million of global annual sales by 2028. The top opportunities in the aircraft fire protection systems market segmented by aircraft type will arise in the commercial aircraft segment, which will gain $299.7 million of global annual sales by 2028. The top opportunities in the aircraft fire protection systems market segmented by application will arise in the cabins and lavatories segment, which will gain $242.5 million of global annual sales by 2028. The aircraft fire protection systems market size will gain the most in the USA at $127.8 million.

Player-adopted strategies in the aircraft fire protection systems market include focus on enhancing its business capabilities through new product developments, focus on strengthening its operational capabilities through contractual agreements, focus on strategic partnerships and collaborations to better serve the industry and to strengthen its position.

To take advantage of the opportunities, the analyst recommends the aircraft fire protection systems companies to focus on innovative solutions for market expansion, focus on ai integration for enhanced safety solutions, focus on accelerating growth in the fire detection and suppression systems, focus on commercial aircraft and commercial helicopters, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, provide competitively priced offerings, focus on strategic pricing, participate in trade shows and events, continue to use B2B promotions, focus on targeted promotion, and focus on tailored engagement and end-user-centric strategies.