Aviation Life Rafts Market - Segmentation Analysis and Forecast by Technavio

According to the latest market study released by Technavio, the global aviation life rafts market is expected to grow at a CAGR of almost 5% during the predicted period.

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Technavio has published a new report on the global aviation life rafts market from 2017-2021. (Graph ...

Technavio has published a new report on the global aviation life rafts market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Aviation Life Rafts Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Life rafts, along with life vests and preservers, form a part of the aviation survival equipment. They are highly compact and lightweight rescue solutions designed for aviation use, off-shore rescue, yachtsman, and other critical individual rescue missions. The solo-raft ensures a compact and lightweight rescue solution, which offers quick and effective arrangement in case of emergencies, such as planned ditching or water landing during technical failures of aircraft.

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Technavio’s analysts categorize the global aviation life rafts market into three major segments by seating capacity. They are:

  • Global large-sized aviation life rafts market
  • Global medium-sized aviation life rafts market
  • Global small-sized aviation life rafts market

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Global large-sized aviation life rafts market

Large-sized life rafts are equipped in wide-body aircraft, such as Boeing 747 and A380, as they have a seating capacity ranging from 110 to 330 people. They are also integrated into narrow-body aircraft that flies long-haul routes. These life rafts are also provided with high-quality and lightweight arch tubes that can be inflated by separate carbon dioxide cylinders or manual inflation tubes.

According to Ramyabrata Chakraborty, a lead aerospace components research analyst from Technavio, “Large-sized life rafts is a growing market as aircraft manufacturers are concentrating on reducing their operational expenses and accommodating a large number of people with fewer rafts. Further, the increase in the demand for new aircraft is directly proportional to the growth in the global aviation life rafts market.”

Global medium-sized aviation life rafts market

Medium-sized life rafts can accommodate 30-110 people. These type of life rafts are widely used in narrow-body aircraft and regional jets. The main advantage of medium-sized life rafts is that they eliminate the need to carry more number of life safety systems. For example, a conventional narrow-body aircraft with a seating capacity of 300 people will require only three of 110-seater life rafts.

“The growing induction of narrow-body aircraft, A320 and B737, in long-haul routes and the integration of both medium- and large-sized rafts can become an appropriate option for airlines to ensure safety in emergency situations. Therefore, the global medium-sized life rafts market will feature a moderate growth rate during the forecast period,” says Ramyabrata.

Global small-sized aviation life rafts market

The increase in global connectivity and the rise in global air traffic have led to an increase in the demand for small and regional jets. Such growth in regional transportation using small- and mid-sized regional jets will further accelerate the adoption of small-sized aviation life rafts.

As regional airlines are evolving with new and cost-efficient business models, existing aircraft OEMs, such as Bombardier and Embraer, are offering newer versions of regional jets to their customers. These technologically advanced aircraft ensure fuel and noise efficiencies. They also help operators reduce their overall operational costs.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Revere Survival
  • Survival Products
  • Zodiac Aerospace

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