Global Aviation Life Rafts Market 2017-2021
About Aviation Life Rafts
Aviation life rafts must be able to accommodate all the occupants of an aircraft in the case of emergency. Each raft must be equipped with a locator light (approved as per TSO-C85 or C85a standards), pyrotechnic signaling device, and a survival kit. Aircraft also have enough number of life rafts on board so that even if the largest life raft is inoperative (due to some failures), the remaining will accommodate all the passengers of the aircraft. This contingent measure is practiced to ensure optimum safety of occupants on board an aircraft. Also, as per the guidelines of Federal Aviation Administration (FAA), any aircraft flying long-haul routes over ocean should have a minimum of two life rafts.
Technavio’s analysts forecast the global aviation life rafts market to grow at a CAGR of 4.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aviation life rafts market for 2017-2021. To calculate the market size, the report considers the installations of life rafts in commercial aviation industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aviation Life Rafts Market 2017-2021
Technavio recognizes the following companies as the key players in the global aviation life rafts market: EAM WORLDWIDE, Revere Survival, Survival Products, WINSLOW LIFERAFT COMPANY, and Zodiac Aerospace
Other Prominent Vendors in the market are: C&M Marine Aviation Services and Switlik.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Implementation of coated fabric for life rafts. The polyurethane-coated fabric (PCF) was introduced in the general aviation life raft market in the US in 1995. Zodiac Aero Evacuation Systems (Air Cruise Company) has been one of the pioneers in offering PCF fabric-based survival kits in the marine industry, as well as opted the same for some of their aviation life rafts models. This material displays several advantages over the traditional neoprene rubber that are widely used in life rafts. As claimed by Zodiac Aero Evacuation Systems, the use of PCM over conventional rubber can extend the service life of life rafts, with a potential of saving consumers' money. PCF also features other advantages like enhanced abrasion and puncture resistance attributes that ensure added protection in case of emergencies.”
According to the report, one of the major drivers for this market is Implementation of stringent regulatory standards on safety equipment. Regulations and directions on standardization of aviation products will continue to command the airline business environment in future. The airline industry is now strengthening its brand value through its reinforced safety measures. These regulations are set by aviation regulatory bodies, such as FAA and EASA, and pertain to emission control techniques, improved safety measures during takeoff and landing, use of high-quality products, and provision of survival equipment on board.
Further, the report states that one of the major factors hindering the growth of this market is Removal of life rafts from aircraft flying within 400 nautical miles from coast. FAA can waive certain regulations only when an operator can assure that it is maintaining the highest levels of safety. For instance, it has allowed some airlines to fly few of their aircraft over 50 nautical miles off-shore without requiring the installation of certain safety equipment. However, such waivers are normally granted after making a thorough check of the airline's safety plans. Further, routine audits of flying records become obligatory for the airlines.
EAM WORLDWIDE, Revere Survival, Survival Products, WINSLOW LIFERAFT COMPANY, Zodiac Aerospace, C&M Marine Aviation Services and Switlik.