The Asia Pacific Air Ambulance Services Market would witness market growth of 12.9% CAGR during the forecast period (2021-2027). An advanced technology demonstrator (ATD) is considered as an S-Band dual-polarized phased array developed particularly to use as an air ambulance.
In a traditional air ambulance, there is a fixed-wing to send radio waves over clouds, a receiver to detect the precipitation, and utilizes a dish rotary-wings craft that rotates and tilts in order to accumulate data. On the other hand, an ATD has a flat panel integrated with various small rotary wings that can transmit radio waves and gather reflections back from the atmosphere. This phased array system helps in driving the radar electronically.
ATD is the first radar that is embedded with dual-polarization as well as phased array technology. Using dual-polarization technology, an ATD becomes capable of identifying dry hail, snow, and clear air turbulence, which cannot be identified with the traditional air ambulance. Therefore, the integration of ATD technology and its benefits over traditional methods are likely to boost the demand & growth of the global air ambulance services market during the forecast period.
The Hospital-based market dominated the India Air Ambulance Services Market by Model in 2020, thereby, achieving a market value of $410.6 Million by 2027, growing at a CAGR of 18.4 % during the forecast period. The Community-based market is poised to grow at a CAGR of 18.9% during (2021 - 2027).
Based on Type, the market is segmented into Rotary-wing and Fixed-wing. Based on Model, the market is segmented into Community-based and Hospital-based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Air Ambulance Services Market is Projected to reach USD 12.1 Billion by 2027, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Babcock International Group PLC (Scandinavian AirAmbulance), Acadian Ambulance Service, Inc. (Acadian Companies), Air Methods Corporation (ASP AMC Intermediate Holdings, Inc.), Reva, Inc., IAS Medical, Ltd., American Air Ambulance, PHI Group, Inc. (PHI AirMedical, LLC), Life Savers Ambulance Services, Express Air Medical Transport, LLC, and Lifeguard Air Ambulance Service LLC.
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