Overview and Scope
A firefighting aircraft refers to specially designed aircraft used for water bombing and sprinkling water at high fire attack locations. A firefighting aircraft is an aircraft that provides aerial support to firefighters. They offer vital eyes in the sky for firefighters on the ground, ensuring safe aviation operations.
Sizing and Forecast
The firefighting aircraft market size has grown strongly in recent years. It will grow from $8.77 billion in 2023 to $9.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increasing frequency of wildfires, expansion of the urban-wildland interface, government investments in fire management, environmental concerns and regulations, international collaboration in fire suppression.
The firefighting aircraft market size is expected to see strong growth in the next few years. It will grow to $13.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to climate change impact on wildfires, development of next-generation fire retardants, increased focus on early detection, global expansion of wildland-urban interfaces, government preparedness investments. Major trends in the forecast period include enhanced remote sensing technologies, integration of drone technology, advancements in aerial firefighting technologies, growing importance of aerial firefighting services, global collaboration for aerial firefighting resources.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/firefighting-aircraft-global-market-report
Segmentation & Regional Insights
The firefighting aircraft market covered in this report is segmented –
1) By Type: Fixed Wing, Multi-Rotor
2) By Water Capacity: Less Than 5,000 Ltr, 5,000–10,000 Ltr, More than 10,000 Ltr
3) By Application: Firefighting Organizations, Military, Other Applications
Asia-Pacific was the largest region in the firefighting aircraft market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the firefighting aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6119&type=smp
Major Driver Impacting Market Growth
The growing number of wildfires is expected to propel the growth of the firefighting aircraft market going forward. Wildfire refers to an unplanned fire that fires in natural areas such as forests or grassland. Wildfires are caused by human activity or a natural phenomenon such as lightning, and they can happen at any time or anywhere. Firefighting aircraft are used to stop the spread of fire in the forests and minimize the damage. As a result, a growing number of wildfires will increase the demand for firefighting aircraft. For instance, in June 2023, according to The Congressional Research Service, a US-based public policy research institute, in 2022, there were approximately 69,000 annual wildfires, marking an increase from the 59,000 wildfires recorded in 2021. Furthermore, in 2022, a total of 7.6 million acres were burned due to wildfire, showing an increase from the 7.1 million acres burned in 2021. Therefore, the growing number of wildfires is driving the growth of the firefighting aircraft market.
Key Industry Players
Major companies operating in the firefighting aircraft market report are Siemens AG, Lockheed Martin Corporation, Airbus, Grumman Aircraft Engineering Corporation, Boeing Commercial Airplanes, Marsh Aviation Company, Leonardo S.p.A., Textron Inc., Rockwell Automation Inc., Bombardier Inc., Conair Group Inc., SEI Industries Ltd., Sabena Technics Group, Kaman Corporation, Erickson Incorporated, Viking Air Limited, Neptune Aviation Services Inc., Isolair Inc., AeroFlite Inc., Air Tractor Inc., Dauntless Air LLC, Coulson Aircrane Ltd., ShinMaywa Industries Ltd., Martin Aircraft Company Limited, United Aeronautical Corporation, Aerial Fire Control Pty Ltd, Airgrup Helicopter Services S.L., Supair S.A., Safire Aircraft Company LLC, RainerFire Inc., CAMAIR S.A., Aero Vodochody a.s.
The firefighting aircraft market report table of contents includes:
1. Executive Summary
2. Firefighting Aircraft Market Characteristics
3. Firefighting Aircraft Market Trends And Strategies
4. Firefighting Aircraft Market - Macro Economic Scenario
5. Global Firefighting Aircraft Market Size and Growth
.
.
.
32. Global Firefighting Aircraft Market Competitive Benchmarking
33. Global Firefighting Aircraft Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Firefighting Aircraft Market
35. Firefighting Aircraft Market Future Outlook and Potential Analysis
36. Appendix
Con
Hemasri Paruchuri 
