North America Aviation Life Rafts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Capacity (Large-sized Life Rafts, Medium-sized Life Rafts, and Small-sized Life Rafts), Type (Single Tube Life Raft and Multi-tube Life Raft), and Application (General Aviation, Military/Defense Aviation, and Commercial Aviation)
The North America aviation life rafts market is expected to grow from US$ 302.34 million in 2019 to US$ 664.02 million by 2027; it is estimated to grow at a CAGR of 10.1 % from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Focusing and emphasizing more on shipment volumes of general aviation aircraft fleet is expected to upswing the North America aviation life rafts market growth. The North America general aviation sector is growing at an exponential rate over the years, with continuously increasing volumes of orders and deliveries. The demand for general aviation aircraft is majorly attributed to the rise in purchase of business and corporate jets in countries across North America. The presence of a large number of general aviation aircraft manufacturers across the North America is showcasing the rise in orders and deliveries year-on-year. At present, various general aviation aircraft original equipment manufacturers (OEMs) are emphasizing on increasing the flight range and endurance of the aircraft models to facilitate operator to fly the aircraft over a longer distance. The increase in flying range has led the general aviation aircraft industry to witness transoceanic flying operations. This factor has increased the procurement of life rafts among the general aviation aircraft manufacturers and operators, thereby catalyzing the growth of the market. So, more focus on shipment volumes of general aviation aircraft fleet by the manufacturers is expected to increase the demand of aviation life rafts, which will drive the North America aviation life rafts market.
Moreover, North America is highly affected by the outbreak of COVID-19 virus, specially the US. Since the US has a larger density of aircraft manufacturers and component manufacturers including life raft manufacturers, the outbreak has severely affected the production of each. The lower number of manufacturing staff has resulted in lesser production quantity. On the other hand, the procurement rate of life rafts among the aircraft manufacturers, the airlines, general aviation aircraft operators, and the military forces have stalled pertaining to the lesser production of aircraft and lesser air travel. Similarly, the military forces have refrained from procuring the usual quantity of the life raft. Thus, the factors mentioned above have had a negative impact on the aviation life rafts market. On the other hand, the Canadian and North America Aviation Life Rafts market is also experiencing slower than usual growth due to the COVID – 19 outbreaks. Several airlines, general aviation aircraft operators, aircraft OEMs, operate in the two countries. The life raft manufacturers in these two countries are experiencing a downfall in production quantities, orders and deliveries, and revenues, which has been negatively affecting the aviation life rafts market
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America aviation life rafts market. The North America aviation life rafts market is expected to grow at a good CAGR during the forecast period.
North America Aviation Life Rafts Market
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North America Aviation Life Rafts Market Segmentation
North America Aviation Life Rafts Market – By Capacity
- Large-sized Life Rafts
- Medium-sized Life Rafts
- Small-sized Life Rafts
North America Aviation Life Rafts Market – By Type
- Single Tube Life Raft
- Multi-tube Life Raft
North America Aviation Life Rafts Market – By Application
- General Aviation
- Military/Defense Aviation
- Commercial Aviation
North America Aviation Life Rafts Market, by Country
- US
- Canada
- Mexico
North America Aviation Life Rafts Market - Companies Mentioned
- AVI Aviation
- Collins Aerospace Systems
- EAM Worldwide
- Legend Aerospace
- Life Support International, Inc.
- Revere Survival Inc.
- Safran S.A
- Survitec Group Limited
- Switlik Parachute Co.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aviation Life Rafts Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
5. North America Aviation Life Rafts Market – Key Market Dynamics
5.1 Market Driver
5.1.1 Emphasizing Shipment Volumes of General Aviation Aircraft Fleet
5.1.2 Limited Service Life of Aviation Life Rafts
5.2 Market Restraint
5.2.1 Cessation of A380 Program
5.2.2 Useless on Domestic Flights
5.3 Market Opportunity
5.3.1 Rising Manufacturing of Commercial Narrow-body and Wide-body Jets
5.4 Future Trends
5.4.1 Decrease in the Weight of the Life Rafts
5.5 Impact Analysis of Drivers and Restraints
6. Aviation Life Rafts Market – North America Analysis
6.1 Overview
6.2 North America Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. North America Aviation Life Rafts Market Analysis – By Capacity
7.1 Overview
7.2 North America Aviation Life Rafts Market, By Capacity (2019 and 2027)
7.3 Large-sized Life Rafts
7.3.1 Overview
7.3.2 Large-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Medium-sized Life Rafts
7.4.1 Overview
7.4.2 Medium-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Small-sized Life Rafts
7.5.1 Overview
7.5.2 Small-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Aviation Life Rafts Market Analysis – By Type
8.1 Overview
8.2 North America Aviation Life Rafts Market, by Type (2019 and 2027)
8.3 Single Tube Life Rafts
8.3.1 Overview
8.3.2 Single Tube Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Multi-Tube Life Rafts
8.4.1 Overview
8.4.2 Multi-Tube Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Aviation Life Rafts Market Analysis – By Application
9.1 Overview
9.2 North America Aviation Life Rafts Market, By Application (2019 and 2027)
9.3 General Aviation
9.3.1 Overview
9.3.2 General Aviation: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Military/Defense Aviation
9.4.1 Overview
9.4.2 Military/Defense Aviation: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Commercial Aviation
9.5.1 Overview
9.5.2 Commercial Aviation: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
10. North America Aviation Life Rafts Market – Country Analysis
10.1 Overview
10.1.1 North America: Aviation Life Rafts Market, by Key Country
10.1.1.1 US: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Aviation Life Rafts Market, by Capacity
10.1.1.1.2 US: Aviation Life Rafts Market, by Type
10.1.1.1.3 US: Aviation Life Rafts Market, by Application
10.1.1.2 Canada: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Aviation Life Rafts Market, by Capacity
10.1.1.2.2 Canada: Aviation Life Rafts Market, by Type
10.1.1.2.3 Canada: Aviation Life Rafts Market, by Application
10.1.1.3 Mexico: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Aviation Life Rafts Market, by Capacity
10.1.1.3.2 Mexico: Aviation Life Rafts Market, by Type
10.1.1.3.3 Mexico: Aviation Life Rafts Market, by Application
11. Impact of COVID-19 Outbreak
11.1 North America: Impact Assessment of COVID – 19 Pandemic
12. Industry Landscape
12.1 Market Initiative
13. Company Profiles
13.1 EAM Worldwide
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Life Support International, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Revere Survival Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Safran S.A
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Survitec Group Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 AVI Aviation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Collins Aerospace Systems
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Switlik Parachute Co.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Legend Aerospace
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. US: Aviation Life Rafts Market, by Capacity –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Aviation Life Rafts Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Aviation Life Rafts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Aviation Life Rafts Market, by Capacity –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Aviation Life Rafts Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Aviation Life Rafts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Aviation Life Rafts Market, by Capacity –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Aviation Life Rafts Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Aviation Life Rafts Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aviation Life Rafts Market Segmentation
Figure 2. North America Aviation Life Rafts Market Segmentation – By Country
Figure 3. North America Aviation Life Rafts Market Overview
Figure 4. North America Aviation Life Rafts Market, by Country
Figure 5. North America Aviation Life Rafts Market, By Capacity
Figure 6. North America Aviation Life Rafts Market, By Application
Figure 7. North America: PEST Analysis
Figure 8. North America Aviation Life Rafts Market – Ecosystem Analysis
Figure 9. North America Aviation Life Rafts Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Aviation Life Rafts Market Revenue Share, by Capacity (2019 and 2027)
Figure 12. North America Large-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Medium-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Small-sized Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Aviation Life Rafts Market Revenue Share, by Type (2019 and 2027)
Figure 16. North America Single Tube Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Multi-Tube Life Rafts: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Aviation Life Rafts Market Revenue Share, by Application (2019 and 2027)
Figure 19. North America General Aviation: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America Military/Defense: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America Commercial Aviation: Aviation Life Rafts Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America: Aviation Life Rafts Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. US: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Canada: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Mexico: Aviation Life Rafts Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID – 19 Pandemic in North American Country Markets
- AVI Aviation
- Collins Aerospace Systems
- EAM Worldwide
- Legend Aerospace
- Life Support International, Inc.
- Revere Survival Inc.
- Safran S.A
- Survitec Group Limited
- Switlik Parachute Co.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America aviation life rafts market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America aviation life rafts market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the aviation life rafts market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution