Saturday, January 6, 2024
The worldwide aircraft fire protection systems segment was predictable to develop from $1.62 billion in 2022 to $1.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.5% and in 2027, it is estimated to go up to $2.15 billion at a CAGR of 5.6%.
Product invention is an important inclination attaining acceptance in the aircraft fire protection systems segment. Important companies functioning in this segment are aiming on increasing ground-breaking products to maintain their standing in the market.
An upsurge in the quantity of new aircrafts is anticipated to push the development of the aircraft fire protection systems segment. For example, in February last year, as per the White House, the government authorized residence in the US, the US was probable to buy 200 spanking new aircrafts from Air India last year.
Additionally, in March last year, in 2020, world aircraft was 27,400, and they were extended to go up to 33 percent to more than 36,000 aircraft by 2033. Consequently, the upsurge in the quantity of new aircraft is predictable to drive the development of the aircraft fire protection systems segment.
Sunday, April 28, 2024
Sunday, April 28, 2024
Sunday, April 28, 2024
