According to Stratistics MRC, the Global Aircraft Survivability Equipment Market is accounted for $3.09 billion in 2017 and is expected to reach $5.74 billion by 2026 growing at a CAGR of 7.12% during the forecast period.
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The growth of this market is mainly driven by replacement of legacy systems with advanced combat systems, and the risk of advanced infrared (IR) and radio-frequency (RF) targeting systems.
Furthermore rising need to protect aircraft against enemy threats, such as air-to-air missiles, surface-to-air missiles, and anti-aircraft artilleries, and increasing implementation of electronic warfare systems in military aircraft is expected to drive the aircraft survivability equipment market. However, increasing electronic warfare techniques is expected to hinder the market growth.
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The role of Aircraft Survivability Equipment (ASE) is to reduce the vulnerability of aircraft, thus allowing aircrews to achieve their immediate mission and to survive. This equipment maximizes the survivability of an aircraft against a constantly growing threat without degrading combat mission effectiveness.
In 2017, the combat helicopter segment is estimated to dominate the aircraft survivability equipment market this is due to the extensive use of combat helicopters in all regions across the world. However, the UAV (unmanned aerial vehicle) segment is projected to grow at the highest CAGR during the forecast period.
UAVs are remotely piloted aerial vehicles that have significant roles in the defense as well as commercial sectors. Europe is estimated to lead the aircraft survivability equipment market during 2017, due to the presence of major aircraft survivability equipment manufacturers.
However, Middle East aircraft survivability market is anticipated to grow at the highest CAGR during the forecast period.
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Some of the key players in Aircraft Survivability Equipment market include Chemring Group, BAE Systems, Israel Aerospace Industries Ltd., Raytheon Company, Saab AB Ruag Holding AG, Aselsan A.S., Northrop Grumman Corporation, Elbit Systems Ltd., Terma A/S, Thales Group.
Special Mission Aircraft
Electronic Countermeasure (ECM)
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