The Firefighting Aircraft Market covers important aspects of this market concerning fundamental parameters. The report explains outline of the business range, concentrating on the overall industry, development possibilities, types and application. It brief Firefighting Aircraft summary of the market considering the current and future scenarios. It also provides information in terms of development and its capacities.
The firefighting aircraft market is anticipated to register a CAGR of 5.29% during the forecast period.
The Firefighting Aircraft market is highly competitive and consists of a number of major players. Companies, like United Aircraft Corporation (Beriev Aircraft Company, Ilyushin), Lockheed Martin Corporation, Viking Air Ltd., ShinMaywa Industries Ltd, MD Helicopters Inc., Textron Inc., Kaman Corporation, Airbus SE, Leonardo SpA among others.
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Scope of the Report
Firefighting aircraft are the aircraft that are generally deployed to combat wildfires. The report covers firefighting aircraft, both amphibious and non-amphibious (all types of new and used aircraft that are converted to water bombers). The report also includes both helicopters and fixed-wing aircraft that are being used for firefighting.
Key Market Trends
The Rotary-wing Segment to Experience the Highest Growth During the Forecast Period
Currently, the fixed-wing segment has the highest market share in firefighting aircraft market. Compared to helicopters used for firefighting, fixed-wing aircraft have larger water/retardant carrying capacity. But the rotary-wing segment is expected to register the highest CAGR during the forecast period. The mobility, speed, and hovering capabilities of the rotary-wing aircraft over fixed-wing are very effective in support of firefighters on the ground. The applications of helicopters in aerial reconnaissance, like reporting and mapping fires, directing other aerial firefighting assets on fires, delivering equipment to remote areas and providing hoisting, medevac, and better situation monitoring capabilities over the fixed-wing aircraft have become the primary reasons for the increasing adoption of this segment. Several countries are converting their helicopters into firefighters, with the integration of modern internal water tanks. All these are expected to support the growth of this segment during the forecast period.
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Europe to Experience the Highest Growth During the Forecast Period
The European region is anticipated to have the highest growth during the forecast period. Many countries in Europe, like the United Kingdom, Germany, Greece, Sweden, Norway, Portugal, Spain, Finland, and Latvia, among others, have better aerial firefighting capabilities compared to other regions. However, most aircraft are aged and need heavy maintenance. Moreover, the increased number of wildfires in the last couple of years has made the countries think of procuring aerial firefighting amphibious aircraft. Collective procurement of aircraft by a group of countries on a usage basis is expected to be done in the years to come, as it is an economical choice for the countries. These developments may drive the market demand in the region, during the forecast period.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Firefighting Aircraft Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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