The global firefighting aircraft market is predicted to grow at an annual rate of 6.3 per cent, according to a report by Allied Market Research.
The media release on the report states that the global firefighting aircraft industry size generated US$9.0 billion in 2022 and is anticipated to generate US$16.2 billion by 2032, for a CAGR (Compound Annual Growth Rate) of 6.3% from 2023 to 2032.
The report analyses the firefighting aircraft market by Aircraft Type (fixed-wing and rotorcraft), Tank Capacity (less than 10,000 litres, 10,000 to 30,000 litres, and more than 30,000 litres), Maximum Take off Weight (less than 8000 kg, 8000 to 30,000 kg, and more than 30,000 kg), and Range (less than 1000 km, 1,000 to 3000 km, and more than 3000 km).
The analysis of the firefighting aircraft market encompasses more than 15 countries, with a country-by-country breakdown in terms of value (US$ million) for the forecast period 2022-2032.
Allied Market Research (AMR) is a market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Their research methodology includes combining data, professional opinions, and independent perspectives plus a comprehensive review of over 3700 product catalogues, annual reports, industry descriptions, and resources from industry leaders.
On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting more than two-fifths of the firefighting aircraft market revenue and is expected to continue to dominate the market with the growing demand for firefighting aircraft due to the rise in the frequency and intensity of wildfires. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.8% from 2023 to 2032, owing to surge in the initiatives, funding, and support for firefighting agencies.
The firefighting aircraft industry has been adversely affected by the conflict between Russia and Ukraine, mainly because of supply chain disruptions involving essential raw materials. The supply chain of Russia, a significant manufacturer of titanium, a substance that is frequently used in the aerospace industry due to its strength and low weight, especially in widebody aircraft, has been impacted. This has created difficulties for the large aircraft manufacturers, such as Boeing and Airbus SE, to get a steady supply of titanium.
The report lists the following significant developments in the firefighting aircraft sector
- Lockheed Martin, in August 2021, secured a contract from United Rotorcraft for five S-70 Black Hawk helicopters, for aerial firefighting operations.
- Kaman Corporation, in October 2022, received a purchase agreement from North American Helicopter for a K-MAX medium-to-heavy lift helicopter.
- Kaman Corporation announced its intention, in May 2022, to acquire Parker-Hannifin Corporation’s Aircraft Wheel and Brake division for $440 million.
- Coulson Aviation, in August 2023, was selected for an indefinite delivery/indefinite-quantity contract, involving C-130H Hercules and Boeing 737 Fireliner aircraft, providing maintenance support.
- Coulson Aviation secured a $16 million firefighting contract in November 2023, extending support for Southern California’s Quick Reaction Force throughout 2024, with potential extension into 2025.
- In November 2023, Coulson Aviation secured a three-year firefighting contract with Corporación Nacional Forestal (CONAF) of Chile, deploying a C-130H Hercules Large AirTanker and a Citation 550 air attack lead plane.
- In July 2022, Coulson Aviation introduced its latest aerial firefighting tanker, converted from a Boeing 737.