The ejection seat has saved more than 7,600 lives so far.
It was invented in 1944 by an engineer from Northern Ireland.
James Martin, of Crossgar, County Down, began working at the seat after his friend and business partner Valentine Baker was killed in an airplane accident.
In the meantime, the ejection seat from the aircraft manufacturer Martin-Baker has become the standard in aircraft and pilot safety worldwide.
A new exhibition at the Ulster Transport Museum shows rare archive material from the tested ejection seat. as well as early prototypes of the seat.
The Museum of Innovation is a permanent exhibition honoring Northern Ireland pioneers who pushed the boundaries of technology.
Video journalist: Niall McCracken