Meggitt (UK), United Technologies (US), and Halma (UK) are Some of the Key Players Operating in the Aircraft Fire Protection Systems Market
Aircraft fire protection systems are used to detect fire breakouts in aircraft, issue warnings for the same, and extinguish the fires. The aircraft fire protection systems market is projected to grow from an estimated USD 911.6 Million in 2017 to USD 1,157.7 Million by 2022, at a CAGR of 4.90% from 2017 to 2022. The aircraft fire protection systems market in the Asia Pacific is projected to grow at a significant pace during the forecast period. Increasing disposable incomes of the middle-class populations in countries, such as India and China are contributing to the growth of the international tourism industry, thereby increasing the number of air passengers in the region. This, in turn, is leading to the growth of the aircraft fire protection systems market in the Asia Pacific.
Meggitt (UK), United Technologies (US), and Halma (UK) are some of the key players operating in the aircraft fire protection systems market. These market players are focused on securing contracts to ensure organic growth in the aircraft fire protection systems market. The core competencies of these players include their widespread geographical presence and increased investments in R&D activities.
Meggitt is the top player in the aircraft fire protection systems market. The company offers a wide range of aircraft fire protection systems for various applications and has a strong customer base of aircraft manufacturers and airlines. Meggitt has been adopting various inorganic growth strategies, such as new contracts to increase its reach in the aircraft fire protection systems market. In 2014, Meggitt Safety Systems was awarded a contract by Boeing to design, develop, manufacture, and support fire protection systems for the 737 MAX engine and APU.
United Technologies Corporation (UTC) is another major player in the aircraft fire protection systems market. Kidde Aerospace and Defense (KAD) is a business unit of UTC and is the world’s leading supplier of fire protection and safety system products for civilian and military aircraft. The company has been receiving contracts from major players, such as Airbus and Boeing for aircraft fire protection systems. Kidde Fire Protection Affiliates maintain significant R&D capabilities. The company is expanding its business in high-growth regions and countries, including the US, Europe, and Asia Pacific.
Halma offers a wide range of fire detection and fire suppression products through its subsidiaries. The company’s products include fire detection & alarm systems and fire suppression systems. Halma’s aggressive strategy of acquiring companies, such as Advanced Electronics ltd., Apollo Group of Companies, FFE Ltd, and Firetrace International, LLC has provided the company a superior product portfolio across a wide variety of industry verticals. The company is focused on becoming a leading supplier of fire detection and suppression systems
Related Reports:
Aircraft Fire Protection Systems Market by Product (Fire Detection System, Alarm & Warning, Fire Suppression), Application (Engine, Cabin & Lavatory, APU, Cargo Compartment), Fit (Linefit, Replacement), Aircraft Type and Region - Global Forecast to 2022
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