The global firefighting aircraft market size is expected to grow from $7.11 billion in 2021 to $7.73 billion in 2022 at a compound annual growth rate (CAGR) of 8.8 according to a new report from The Business Research Company that provides firefighting aircraft market statistics. The market size is expected to grow to $9.60 billion in 2026 at a CAGR of 5.6%.

The growing number of wildfires is expected to drive growth in the firefighting aircraft market going forward. 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.

New product innovations have emerged as the key trend gaining popularity in the firefighting aircraft market. Major companies operating in the firefighting aircraft market are focused on new product innovations to meet consumer demand.

Major players in the firefighting aircraft market are Airbus SE, Coulson Aircrane Ltd, Kaman Corporation, Lockheed Martin Corporation, ShinMaywa Industries Ltd., Textron Inc., Viking Air Ltd., Rockwell Automation Inc., Boeing Commercial Airplanes, Bombardier Inc., Siemens AG, Conair Group Inc., Sabena Technics, AeroFlite, and Canadair.

Asia-Pacific was the largest region in the firefighting aircraft market in 2021. North America was the second largest region in the global firefighting aircraft market. The regions covered in the global firefighting aircrafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.