Market Share of Aircraft Fire Protection Systems Industry
The aircraft fire protection systems market is semi-consolidated in nature, with a presence of few local and global players with significant shares in the market. Some of the key players in the market are Parker-Meggitt (Parker Hannifin Corporation), RTX Corporation, Siemens AG, FFE Ltd, and Advanced Aircraft Extinguishers Ltd. Generally, the players in the market receive long-term contracts, and this allows the companies to include constant profits if there is demand for aircraft in the aviation industry.
A substantial market share is dominated by Parker-Meggitt (Parker Hannifin Corporation) and RTX Corporation, as they provide fire safety solutions for the majority of commercial aircraft and business jets. RTX Corporation provides fire protection systems to Airbus A220, Irkut MC-21-300, Airbus A380, Boeing B767, COMAC C919, Gulfstream G280, Gulfstream G650, etc. while, Meggitt PLC provides for aircraft programs like Airbus A320, Airbus A330, Airbus A350 XWB, Airbus A380, Airbus A400M, Boeing B737, Boeing B777, Boeing F/A-18 Super Hornet, Embraer E-Jet 170 series, Embraer E-Jet 190 series, and Embraer ERJ-145 series, among others.
Aircraft Fire Protection Systems Market Leaders
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Siemens AG
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RTX Corporation
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FFE Ltd
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Advanced Aircraft Extinguishers, Ltd.
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Meggitt (Parker Hannifin Corporation)
*Disclaimer: Major Players sorted in no particular order
