NEW YORK, June 24, 2019 /PRNewswire/ --
Market Overview
The firefighting aircraft market is anticipated to register a CAGR
of 5.29% during the forecast period.
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- There has been an increase in the number of forest fires
incidents worldwide, and this has led to the growth in the usage of
helicopters and fixed-wing aircraft for firefighting.
- The accidents that occur to the firefighting aircraft during
operation are expected to pose a challenge to the existing players
in the market.
- The development of unmanned autonomous helicopters for aerial
fire support is gaining popularity and is expected to open new
market opportunities for the firefighting aircraft market in the
coming future.
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.
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.
Competitive Landscape
The market of firefighting aircraft is highly consolidated with
very few players. Some of the few prominent players in the
firefighting aircraft market are Textron Inc., Lockheed Martin
Corporation, United Aircraft Corporation, Leonardo SpA, MD
Helicopters Inc., and Viking Air Ltd. The companies are developing
new aircraft models for firefighting, with capabilities to carry
huge volumes of water and fire retardant. Lockheed Martin unveiled
the LM-100J FireHerc, a civil-certified firefighting air-tanker
variant of the C-130J Super Hercules in July
2018. Mostly, the firefighting variants are made based on
the request or contract received from the firefighting associations
or the government bodies. Therefore, the demand is mostly
fluctuating, due to which the companies must plan their production
accordingly to avoid excess inventory or sudden shortage. This may
help the market players to sustain in the market in the long
run.
Reasons to Purchase this report:
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