Firefighting Aircraft Market Growing at 6.3% from 2023 to 2032, to Hit USD 16.2 Billion by 2032

The market of firefighting aircraft was valued at $9 billion in 2022, is estimated to garner $16.2 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.

WILMINGTON, DE, UNITED STATES, November 6, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, “Firefighting Aircraft Market by Aircraft Type (Fixed-Wing and Rotorcraft), Tank Capacity (Less Than 10,000 Liters, 10,000 to 30,000 Liters, and More Than 30,000 Liters), Maximum Takeoff Weight (Less Than 8,000 Kg, 8,000 to 30,000 Kg, and More Than 30,000 Kg), and Range (Less Than 1,000 Km, 1,000 To 3,000 Km, and More Than 3,000 Km): Global Opportunity Analysis and Industry Forecast, 2023–2032”.

According to the report, the global firefighting aircraft industry size generated $9.0 billion in 2022 and is anticipated to generate $16.2 billion by 2032, witnessing a CAGR of 6.3% from 2023 to 2032.

(We are providing firefighting aircraft industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)

160 - Tables
46 - Charts
250 – Pages

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 - https://www.alliedmarketresearch.com/request-sample/A13904

Prime Determinants of Growth

The growth of the global firefighting aircraft market is driven by factors such as rise in the frequency and severity of wildfires, increase in government investment and funding, environmental awareness, and climate change. However, high acquisition and operational costs, and limited availability of specialized aircraft hamper the growth of the market. On the contrary, technological advancements in aerial firefighting systems, coupled with R&D of sustainable fire retardants are expected to offer remunerative opportunities for the expansion of the firefighting aircraft market during the forecast period.

Segments Covered Aircraft Type, Tank Capacity, Maximum Takeoff Weight, Range, And Region.
Drivers Rise In the Frequency and Severity of Wildfire

Increase In Government Investment and Funding

Environmental Awareness and Climate Change Impact
Opportunities Technological Advancements in Aerial Firefighting System

R&D Of Sustainable Fire Retardants
Restraints High Acquisition and Operational Costs
Limited Availability of Specialized Aircraft

Impact of Russia-Ukraine War Scenario

On February 24, 2022, Russia invaded Ukraine, leading to the Russo-Ukrainian war that began in 2014. The geopolitical conflicts arisen have created global economic uncertainties. In times of economic unpredictability, government budgets may be affected, potentially influencing the allocation of funds for firefighting endeavors. This, in turn, could impact the procurement and upkeep of firefighting aircraft.

Moreover, the firefighting aircraft industry has been adversely affected by the conflict between Russia and Ukraine, mainly because of supply chain disruptions involving essential raw materials. The supply chain of Russia, a significant manufacturer of titanium, a substance that is frequently used in the aerospace industry due to its strength and low weight, especially in widebody aircraft, has been impacted. It has been difficult for the big aircraft manufacturers, such as Boeing and Airbus SE, to get a steady supply of titanium.

The fixed-wing segment to maintain its leadership status throughout the forecast period

On the basis of aircraft type, the fixed-wing segment held the highest market share in 2022, accounting for more than half of the global firefighting aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period, as there is rise in the utilization of fixed-wing firefighting aircraft due to its benefits such as high speed, efficiency, and large capacity. However, the rotorcraft segment is projected to manifest the highest CAGR of 7.1% from 2023 to 2032, owing to their unique capabilities such as adaptability to diverse situations, and quicker response time in firefighting missions.

Recent Developments in the Firefighting Aircraft Sector
Lockheed Martin, in August 2021, secured a contract from United Rotorcraft for five S-70 Black Hawk helicopters, dedicated to supporting aerial firefighting operations during wildland fires.
Kaman Corporation, in October 2022, received a purchase agreement from North American Helicopter for a K-MAX medium-to-heavy lift helicopter.
Kaman Corporation announced its intention, in May 2022, to acquire Parker-Hannifin Corporation's Aircraft Wheel & Brake division for $440 million.
Coulson Aviation, in August 2023, was selected for an indefinite delivery/indefinite-quantity contract, involving C-130H Hercules and Boeing 737 Fireliner aircraft, providing maintenance support.
Coulson Aviation secured a $16 million firefighting contract in November 2023, extending support for Southern California's Quick Reaction Force throughout 2024, with potential extension into 2025.
In the same month, Coulson Aviation secured a three-year firefighting contract with Corporación Nacional Forestal (CONAF) of Chile, deploying a C-130H Hercules Large AirTanker and a Citation 550 air attack lead plane.
In July 2022, Coulson Aviation introduced its latest aerial firefighting tanker, converted from a Boeing 737.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A13904

The less than 10,000 liters segment to maintain its leadership status throughout the forecast period

On the basis of tank capacity, the less than 10,000 liters segment held the highest market share in 2022, accounting for more than half of the global firefighting aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is a rise in the adoption of aircraft with smaller capacities to access narrow or confined spaces, such as canyons, urban areas, or regions with dense vegetation. Moreover, the more than 30,000 liters segment is projected to manifest the highest CAGR of 8.0% from 2023 to 2032, owing to the increase in the development of high tank capacity aircraft to perform high-volume drops, creating substantial firebreaks and containment lines.

The less than 8,000 kg segment to maintain its lead position during the forecast period

On the basis of maximum takeoff weight, the less than 8,000 kg segment accounted for the largest share in 2022, accounting for more than three-fifth of the global firefighting aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is an increase in the use of firefighting aircraft for various mission profiles beyond firefighting, such as search and rescue, medical evacuation. Moreover, the more than 30,000 kg segment is projected to manifest the highest CAGR of 7.9% from 2023 to 2032, owing to an increase in launch of high payload capacity firefighting aircraft for addressing wildfires that span large geographic regions.

The 1,000 to 3,000 km segment to maintain its lead position during the forecast period

On the basis of range, the 1,000 to 3,000 km segment accounted for the largest share in 2022, accounting for more than one-third of the global firefighting aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is a rise in demand for regional firefighting aircraft with 1,000 to 3,000 km range to reach and address multiple wildfire incidents. Moreover, the More than 3,000 km segment is projected to manifest the highest CAGR of 7.3% from 2023 to 2032, owing to surge in the popularity of aircraft with higher range that are suitable for national and international deployments. This capability enables firefighting agencies to respond to wildfires in different countries or regions with significant distances between them.

North America to maintain its dominance by 2032

On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting more than two-fifths of the firefighting aircraft market revenue, and is expected to dominate the market during the forecast period, as there is increased demand for firefighting aircraft due to rise in the frequency and intensity of wildfires. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.8% from 2023 to 2032, owing to surge in the initiatives, funding, and support for firefighting agencies.

Report Key Highlights:

The analysis of the firefighting aircraft market encompasses over 15 countries, offering a country-by-country breakdown in terms of value ($ million) for the forecast period 2022-2032.
The research employs a robust methodology, combining high-quality data, professional opinions, and independent perspectives to present a balanced global market view.
The comprehensive review of over 3,700 product catalogs, annual reports, industry descriptions, and resources from industry leaders enhances understanding and facilitates informed decision-making for ambitious growth objectives.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐐𝐮𝐚𝐥𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐐𝐮𝐨𝐭𝐚𝐭𝐢𝐯𝐞 𝐃𝐚𝐭𝐚, 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) - https://www.alliedmarketresearch.com/firefighting-aircraft-market/purchase-options

Leading Market Players: -
Lockheed Martin Corporation
Bombardier Inc.
Airbus SE
Kaman Corporation
Coulson Group
Viking Air Ltd.
Saab AB
ShinMaywa Industries, Ltd.
Conair Aerial Firefighting
Textron Inc

The report provides a detailed analysis of these key players in the global firefighting aircraft market. These players have adopted various strategies such as contracts, agreements, partnerships, expansion, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐂𝐚𝐛𝐢𝐧 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/aircraft-cabin-lighting-market
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐖𝐢𝐧𝐝𝐨𝐰 𝐅𝐫𝐚𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/aircraft-window-frame-market-A31492

David Correa
Allied Market Research
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