Emergency Floatation Systems (EFS) Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global Emergency Floatation Systems (EFS) market was valued at approximately USD 3.8 billion in 2022. With a robust compound annual growth rate (CAGR) of 6.7% projected from 2023 to 2028, the market is expected to reach around USD 5.3 billion by the end of the forecast period. This growth is driven by increasing regulatory requirements for maritime safety, heightened awareness of safety measures, and technological advancements in flotation systems. The rising need for reliable and efficient safety solutions across various sectors, including commercial shipping, aviation, and recreational boating, contributes to the market's expansion.
Opportunities within the EFS market are notably concentrated in emerging regions, particularly in Asia-Pacific and Latin America. These regions are witnessing a surge in maritime activities and infrastructure development, which fuels demand for advanced emergency flotation solutions. Additionally, innovations such as compact, high-performance flotation devices and integration with smart technologies present significant growth prospects. As the market continues to evolve, key stakeholders have the potential to capitalize on these emerging trends and expanding opportunities to enhance safety standards and drive market advancements.
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Aero Sekur
Dart Aerospace
Safran Aerosystems
GKN Aerospace
Marotta Controls
Rostec
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Emergency Floatation Systems (EFS) Market
Civilian Helicopter
Military Helicopter
Based on Types the Market is categorized into Below types that held the largest Emergency Floatation Systems (EFS) market share In 2023.
Built-in Type
External Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Emergency Floatation Systems (EFS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Emergency Floatation Systems (EFS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Emergency Floatation Systems (EFS) Market, By Type
6. Global Emergency Floatation Systems (EFS) Market, By Application
7. Global Emergency Floatation Systems (EFS) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Emergency Floatation Systems (EFS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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