Lewes, DE -- (SBWIRE) -- 12/14/2017 -- Report forecast the global aircraft smoke detection and fire extinguishing system market to grow at a CAGR of 6.57% during the period 2017-2021.

Fire protection systems (FPS) are one of the most essential requirements on board aircraft. The impact of fire breakouts can be significantly reduced using smoke detection and fire extinguishing systems as evacuation during flight is impossible. Smoke detectors are usually installed in cabin, crew rest compartments, lavatories, galley complexes, purser work stations, business centers, and video control centers. A dedicated smoke detection system, in some cases, is not installed in the main cabin as cabin crew and passengers can perceive smoke in such areas.

The report covers the present scenario and the growth prospects of the global aircraft smoke detection and fire extinguishing system market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, retrofit, and aftermarket services.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Increasing global aircraft fleet. The global aviation industry is experiencing an exponential increase in the number of passengers opting for air travel. With such rapid growth in the passenger traffic, it becomes increasingly important for airlines to increase the number of flights to meet the rise in demand and leverage on the potential market. We expect that close to 7.2 billion passengers will travel by air in 2035, which is nearly double than the 3.8 billion air passengers that traveled in 2016.

Further, the report states that one of the major factors hindering the growth of this market is Delays in aircraft delivery. Delays in aircraft delivery are one of the major reasons limiting the growth of the global aircraft smoke detector and fire extinguishing system market. These delays invariably slow down the units procured and lead to longer holding time and higher inventory costs for the manufacturers of smoke detectors and fire extinguishing systems.

Global Aircraft Smoke Detection and Fire Extinguishing Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global aircraft smoke detection and fire extinguishing system market: Advanced Aircraft Extinguishers, Diehl Stiftung, Meggitt, Siemens, and UTC Aerospace Systems

Other Prominent Vendors in the market are: Amerex, Fire Fighting Enterprises (FFE), Gielle, H3R, and Ventura Aerospace.

Market driver
- Increasing global aircraft fleet
- For a full, detailed list, view our report

Market challenge
- Delays in aircraft delivery
- For a full, detailed list, view our report

Market trend
- Implementation of fiber optics to prevent fire hazards on board
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 67 pages "Global Aircraft Smoke Detection and Fire Extinguishing System Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Appendix.

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