Military helicopter seats market is driven by rising demand of military helicopters; North America holds the major military helicopter seats market
Albany, NY -- (SBWIRE) -- 04/07/2017 -- The demand for military helicopter seats is increasing due to rising demand of military helicopters and it is likely to witness high growth due to several reasons such as increasing threats from terrorism and extremism among others.
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Based on product types, the military helicopter seats market is segmented into ejection seats, crashworthy seats and others. In 2015, the ejection seat segment anticipated to be the major market and anticipated to be the same during the forecast period of 2016 – 2024. The major factor boosting the demand of the market is increasing use of military helicopter in developing regions such as Asia Pacific, South America and Middle East and Africa. Some of the other factors boosting the demand are the raise in the fleet of helicopters.
Based on the various maintenance types, the military helicopter seats market is segmented into airframe maintenance, field maintenance, engine maintenance, component maintenance and others. In 2015, the component maintenance segment expected to be the most important market and anticipated to be the same during the forecast period. Component segment includes maintenance of foams & fittings, seat actuators and among others. These are very important components of military helicopters seat and should be maintained according to the standards set by European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA). In 2015, the field maintenance and repair market is highly influenced by the growing orders of military helicopters from developing regions. For instance, in 2015, Korean Aerospace Industries to build up next generation light civil helicopter and light-armed helicopter and South Korea awarded a contract to airbus helicopters.
Based on the various component types, the military helicopter seats market is segmented into foams & fittings, seat actuators and others. Among different types of components, seat actuator is anticipated to grow at the highest CAGR during the forecast period of 2016 – 2024, due to rise in the designed seats from the actuators. The others segment accounted for highest share in 2015 and expected to be the same during the forecast period of 2016 – 2020 which includes metals, thermoplastics, plastics and fibres among others.
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Based on the regions, the military helicopter seats market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America holds the major market share followed by Europe. In addition, Europe is the second largest market for military helicopter seats market followed by Asia Pacific, Middle East and Africa and South America. The U.S. is the key contributors to the military helicopter seats market in North America. Military helicopter seats is high in North America is due to concentrated funding for military helicopter procurement will positively affect growth in the maintenance market. Asia Pacific is anticipated to grow at the highest CAGR during the forecast period of 2016 – 2024. The demand for military helicopter seats is increasing in developing countries such as India, China and Japan among others due to border problems among countries such as China and India and India and Pakistan among others. One of the major factors fueling the market for military helicopter seats market is Brazilian Army is investing enormous amounts for advancing its military.
Some of the important players in the military helicopter seats market include are ORO Manufacturing Company (Carolina), B/E Aerospace, Inc. (U.S.), Recaro Aircraft Seating GmbH & Co. KG (Germany) and Zodiac Aerospace (France),). These top players are aiming to penetrate increasing economies and are adopting various methods to drive their market share. Some of the others players are Bell Helicopter Textron Inc. (United States), Thompson Aero Seating Ltd. (U.K.) and Aircraft Seating (U.K.), Acro Aircraft Seating Ltd.( United Kingdom), HAECO Americas (United States), Stelia Aerospace (France), Israel Aerospace Industries Ltd. (Israel) and Martin Baker (United Kingdom) among others.