Firefighting Aircraft Market to Reach $16.46 Billion, Globally, by 2030 at 6.5% CAGR: Allied Market Research

Increase in use of aircrafts to extinguish wildfire and rise in fire-related incidents in the oil & gas industry drive the global firefighting aircraft market.

PORTLAND, Ore., Nov. 16, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Firefighting Aircraft Market by Type (Fixed Wing and Multi-Rotor), Service Provider (Firefighting Organizations and Military), Max. Takeoff Weight (Below 50,000 kg and Above 50,000 kg), and Water Capacity (Less Than 5,000 Ltr, 5,000–10,000 Ltr, and More than 10,000 Ltr): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global firefighting aircraft industry was pegged at $8.84 billion in 2020, and is expected to reach $16.46 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

Major determinants of the market growth

Rise in use of aircrafts to extinguish wildfire and surge in fire-related incidents in the oil & gas industry have boosted the growth of the global firefighting aircraft market. However, high capital requirement and delayed delivery of aircraft hinder the market growth. On the contrary, integration of new technologies to extinguish fire and rise in contract and agreements for long-term business are expected to open new opportunities for the market players in the future.

Download Report (268 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/14273

Covid-19 scenario:

• The Covid-19 pandemic several affected the global economy and negatively affected several industries including aircraft manufacturing sector.
• The lack of workforce and increased prices of raw materials created challenges for manufacturing of aircraft. Moreover, the prolonged lockdown disrupted the supply chain.
• Since the Covid-19 pandemic, oil & gas and mineral mining activities decreased significantly due to lack of workforce, which hampered the demand for firefighting aircraft.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/14273

The multi-rotor segment to manifest the highest CAGR through 2030

By type, the multi-rotor segment is expected to register the highest CAGR of 7.3% during the forecast period, as they are used for attacks, training, and surveillance purposes. However, the fixed wing segment held the lion's share in 2020, accounting for more than two-thirds of the global firefighting aircraft market, due to wide use of fixed wing aircraft in the civil sector and surge in number of air passenger.

The firefighting organizations segment held the lion's share

By service provider, the firefighting organizations segment dominated the market in 2020, contributing to nearly two-thirds of the global firefighting aircraft market, due to rise in fire incidents at Amazon and Indian forests. However, the military segment is expected to register the highest CAGR of 7.0% during the forecast period, owing to several rescue & firefighting operations and surge in investment toward strengthening the military power of countries.

Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/14273

Asia-Pacific, followed by North America, to contribute the highest revenue by 2030

By region, the market across Asia-Pacific, followed North America, held the largest share in 2020, accounting for nearly one-third of the market, owing to introduction of new airports and domestic and international air travel routes. However, the global firefighting aircraft market across LAMEA is projected to portray the highest CAGR of 8.1% during the forecast period, due to rise in presence of oil & gas and mineral mining industries that leads to accidents and fire incidents.

Major market players

• AeroVironment, Inc.
• Airbus SE
• Bombardier
• Coulson Aircrane LTD.
• Kaman Corporation
• Lockheed Martin Corporation
• SAAB
• ShinMaywa Industries Ltd.
• Textron Inc.
• Viking Air Ltd.

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/14273

Similar Reports We Have on Aircraft Industry:

Commercial Aircraft Market by Size (Wide-Body, Narrow-Body, Regional), End User (Government, Private Sector) - Global Opportunity Analysis and Industry Forecast, 2014 – 2030.

Electric Aircraft Market by Component (Battery, Electric Motor, and Others), Technology (Hybrid and All Electric), Product (Cascade, Pivot Door, and Bucket), Manufacturing Process (Hand Layup, ATL/AFP, and Resin Infusion), System (Power Electronics, Thermal Management, Safety System & Advanced Component, and Energy Storage Devices), and Aircraft Type (Ultralight Aircraft, Light Jets, and Regional Jets): Global Opportunity Analysis and Industry Forecast, 2019-2030.

Connected Aircraft Market by Type (Systems and Solutions), Application (Commercial and Military), Frequency Band (Ka-band, Ku-band and L-band), Connectivity ( Inflight Connectivity, Air to Air Connectivity and Air to Ground Connectivity), and Aircraft Type ( Fixed Wing and Rotary Wing): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Ultralight Aircraft Market by Material (Aluminum, Composites, and Others), Aircraft Type (Fixed Wing, Flex Wing, and Rotary Wing), Engine Type (Fuel Engine and Electric Engine), and Application (Recreation, Commercial, and Defense): Global Opportunity Analysis and Industry Forecast, 2019–2030.

Unmanned Aircraft Systems (UAS) Market by Size (Very Small UAS, Small UAS, Mini UAS, and Large UAS), Range (Close Range, Short Range, and High Range), Energy Source (Traditional Airplane Fuel, Battery Cells, and Fuel Cells), Type (Fixed Wing and Rotary Wing), and End User (Civil, Military, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg