Aircraft Fire Protection Systems Market Size, Share, Growth Analysis, By Aircraft Type(Civil Aircraft, Military Aircraft, Fighter Jets, General Aviation Aircraft), By Application(Aircraft Cargo Compartments, Engines, Auxiliary Power Units (APU), Cabins & Lavatories), By Product(Fire Detection Systems, Alarm & Warning Systems, Fire Suppression Systems), By Fit(Linefit, Replacement), By Region - Industry Forecast 2024-2031

Global Aircraft Fire Protection Systems Market size was valued at USD 1.18 billion in 2022 and is poised to grow from USD 1.24 billion in 2023 to USD 1.81 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

As the name suggests, aircraft fire protection systems are designed and used to protect aircraft in case of fires to ensure passenger as well as crew safety. Increasing risk of fires due to use of complicated electronic components and growing emphasis on improving air passenger safety are slated to be key factors promoting demand for aircraft fire protection systems over the coming years. Aircraft fire protection systems are designed to protect components of the aircraft as well as the people in it and imposition of stringent safety mandates are slated to boost market growth going forward. On the contrary, complex regulatory standards and budgetary constraints are projected to slow down the demand outlook for aircraft fire protection systems across the forecast period and beyond. Increasing number of aircraft modernization programs being launched around the world are also estimated to promote the sales of aircraft fire protection systems in the long run.

North America and Asia Pacific are slated to be the two most important markets for aircraft fire protection systems suppliers in the world owing to the presence of key aircraft manufacturers and growing number of air travelers. China, India, and the United States are some of the most prominent countries where aircraft fire protection systems market players should invest going forward.