The aircraft evacuation systems (AES) market has evolved over the years. An aircraft evacuation system pertains to the safe evacuation of passengers and crew from an aircraft during an emergency landing on ground, on water or evacuation mid-flight. Aircraft evacuation systems can be classified into two systems, namely, personal safety equipment and collective safety equipment. Personal safety equipment consists of vivid products, such as life vests, ejection seats, survival suits, emergency flotations, and safety gears, among others. Collective safety equipment consists of evacuation slides, rafts, and, among others.

The Aircraft Evacuation vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Vendors who fall into this category generally receive high scores for most evaluation criteria. They have a strong and established product portfolio, and a very strong market presence. They also provide mature and reputable products and services. They have strong business strategies.

They are established vendors with very strong business strategies. However, they have weaker product portfolio. They generally focus on a specific type of technology related to the product. In the aircraft evacuation systems market, there are more companies under this category, as they have less product offerings but good business strategies.

Innovators are vendors that have demonstrated substantial product innovations as compared to their competitors. They have a highly focused product portfolio. However, they do not have very strong growth strategies for their overall business.

They are vendors with niche product offerings and are starting to gain a position in the market. They do not have strong business strategies as compared to the established vendors. They might be new entrants in the market and require some more time before gaining significant traction in the market. The aircraft evacuation systems market in North America is projected to grow dramatically. The economic growth of the North American region, along with the growing aviation industry, presence of major aircraft manufacturers, and low oil prices, improved efficiency in aircraft operations, and steady labor market are the factors for the high profitability of airline owners in countries of the region. These are the factors due to which North America is estimated to be the largest market for aircraft evacuation systems. The aircraft evacuation systems market in Europe is estimated to grow at a healthy CAGR. The aircraft evacuation systems market in Europe has been studied for the U.K., France, Russia, and Rest of Europe. The growing demand for air transport in Europe and fleet expansion plans of regional airlines is driving the aircraft evacuation systems market in the region. The aviation industry is growing at a significant rate in the Asia-Pacific region, mainly driven by the increasing air passenger traffic. Growth in air passenger traffic has resulted in an increased demand for new aircraft in the region, which is anticipated to fuel the growth of the aircraft evacuation systems market during the forecast period. The presence of emerging economies, such as India and China, increasing disposable income of the middle-class population, and growth in international tourism, air passenger traffic, and immigration in the region are expected to positively affect the region’s aviation industry, which, in turn, will drive the Asia-Pacific aircraft evacuation systems market.