Firefighting Aircraft Market 2024 - By Trends, Share Analysis, Growth Factors, Industry Consumption And Global Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Firefighting Aircraft Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The firefighting aircraft market size has grown strongly in recent years. It will grow from $8.77 billion in 2023 to $9.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increasing frequency of wildfires, expansion of the urban-wildland interface, government investments in fire management, environmental concerns and regulations, international collaboration in fire suppression.

The firefighting aircraft market size is expected to see strong growth in the next few years. It will grow to $13.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to climate change impact on wildfires, development of next-generation fire retardants, increased focus on early detection, global expansion of wildland-urban interfaces, government preparedness investments. Major trends in the forecast period include enhanced remote sensing technologies, integration of drone technology, advancements in aerial firefighting technologies, growing importance of aerial firefighting services, global collaboration for aerial firefighting resources.

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Market Segmentation:
The firefighting aircraft market covered in this report is segmented -
1) By Type: Fixed Wing, Multi-Rotor
2) By Water Capacity: Less Than 5,000 Ltr, 5,000-10,000 Ltr, More than 10,000 Ltr
3) By Application: Firefighting Organizations, Military, Other Applications

Major Driver - Surge In Number Of Wildfires Is Anticipated To Accelerate The Firefighting Aircraft Market Growth
The growing number of wildfires is expected to propel the growth of the firefighting aircraft market going forward. Wildfire refers to an unplanned fire that fires in natural areas such as forests or grassland. Wildfires are caused by human activity or a natural phenomenon such as lightning, and they can happen at any time or anywhere. Firefighting aircraft are used to stop the spread of fire in the forests and minimize the damage. As a result, a growing number of wildfires will increase the demand for firefighting aircraft. For instance, in June 2023, according to The Congressional Research Service, a US-based public policy research institute, in 2022, there were approximately 69,000 annual wildfires, marking an increase from the 59,000 wildfires recorded in 2021. Furthermore, in 2022, a total of 7.6 million acres were burned due to wildfire, showing an increase from the 7.1 million acres burned in 2021. Therefore, the growing number of wildfires is driving the growth of the firefighting aircraft market.

Competitive Landscape:
Major companies operating in the firefighting aircraft market report are Siemens AG, Lockheed Martin Corporation, Airbus, Grumman Aircraft Engineering Corporation, Boeing Commercial Airplanes, Marsh Aviation Company, Leonardo S.p.A., Textron Inc., Rockwell Automation Inc., Bombardier Inc., Conair Group Inc., SEI Industries Ltd., Sabena Technics Group, Kaman Corporation, Erickson Incorporated, Viking Air Limited, Neptune Aviation Services Inc., Isolair Inc., AeroFlite Inc., Air Tractor Inc., Dauntless Air LLC, Coulson Aircrane Ltd., ShinMaywa Industries Ltd., Martin Aircraft Company Limited, United Aeronautical Corporation, Aerial Fire Control Pty Ltd, Airgrup Helicopter Services S.L., Supair S.A., Safire Aircraft Company LLC, RainerFire Inc., CAMAIR S.A., Aero Vodochody a.s.

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Top Trend - Industry Giants Break New Ground With Autonomous Solutions In Firefighting Aircraft
Major companies in the firefighting aircraft market are focusing on developing innovative solutions, including autonomous firefighting helicopters, to advance their capabilities and enhance firefighting operations. An autonomous firefighting helicopter refers to a helicopter equipped with advanced technologies and automation systems that allow it to operate without direct human control. For instance, in November 2022, Rain Industries, a India-based specialty chemicals company launched the 'Rain MK2'. The MK2 is engineered to transport around 30 gallons of payload and is designed for a flight duration of over one hour, covering a response radius of 23 miles. Powered by Rain's automation technology, the MK2 can perform all standard helicopter flight phases-takeoff, hover, cruise, and landing. The key distinction is that oversight is provided by a remote operator instead of an onboard pilot.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Firefighting Aircraft Market Characteristics
3. Firefighting Aircraft Market Trends And Strategies
4. Firefighting Aircraft Market - Macro Economic Scenario
5. Firefighting Aircraft Market Size And Growth
…..
27. Firefighting Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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