Global Aircraft Arresting System Market Analysis 2019 Forecasts to 2023

Aircraft Arresting System Market Research Report: Information by Type (Cable, Net Barrier, Mobile Aircraft Arresting System, Engineered Materials Arresting System (EMAS), Aircraft Carrier Arresting System), by System (Fixed, Portable), by Platform (Ground-Based, Ship-Based), by End User (Commercial Airport, Aircraft Carrier, Military Airbase), and by Region — Global Forecast till 2023

Market Scenario

Aircraft arresting system enables in stopping an aircraft by absorbing its momentum in an emergency, routine landing and aborted takeoff. These systems offer enhanced safety to passengers and pilots by assisting in secure aircraft landing.

Factors such as increasing air passenger traffic and growing installation of EMAS at airports to avoid aircraft overruns are driving the market growth. Stringent government regulations pertaining aircraft and runway safety is also boosting the market growth. Furthermore, investments made in airports modernization and upgradation are boosting the aircraft arresting system market. Hence, increase in passenger traffic and subsequent demand for passenger and runway safety will positively affect the growth of the global aircraft arresting system market.

The global aircraft arresting system market is estimated to register a CAGR of nearly 6.25% during the forecast period of 2018 to 2023.

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Based on type, the EMAS segment is anticipated to grow at the highest CAGR over the forecast period. High adoption of EMAS by airports and stringent government regulations pertaining installation of EMAS are bolstering the market growth. For instance, The Federal Aviation Administration (FAA) has made it mandatory for all airports to install EMAS at all airports in the US that have inadequate runway safety length. Based on system, the fixed segment accounted for the largest market share. Increasing territorial disputes across in various parts of the world is driving the market growth. On the basis of platform, the ship-based segment is anticipated to grow at the highest CAGR. Growing replacement of conventional systems with ship-based aircraft arresting system is boosting the demand for this segment. Based on end user, the military airbase segment is anticipated to grow at the highest CAGR. Increasing procurement of jet aircrafts by developed and developing economies is bolstering the market growth.

North America is estimated to account for the largest share during the review period. Presence of prominent players such as General Atomics and Curtiss-Wright Corporation among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to increasing defense expenditure of developing economies such as India, and China among others. Additionally, increasing adoption of aircraft arresting systems by countries such as Australia and others is boosting the market growth in the region.

Intended Audience

• Aircraft arresting system manufacturers
• Airport authorities
• Airline companies
• Research Institutes
• Regulatory bodies

Key Players

The key players in the global aircraft arresting system market are Curtiss-Wright Corporation (US), General Atomics (US), QinetiQ (UK), Safran (France), SCAMA AB (Sweden), WireCo WorldGroup (Paris), Bridon-Bekaert (UK), Runway Safe Sweden AB (Sweden), ESCRIBANO Mechanical and Engineering (Spain) and A-laskuvarjo (Finland).

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Research Methodology

The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.

Secondary Research

In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.

Primary Research

In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.

Report Key Insights

• Market Sizing, Forecast and Analysis: Detailed coverage on market segment and its sub segments
• Regional / Country Trend and Forecast: Detailed analysis on North America, Asia Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
• Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain & value chain analysis
• Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
• Regional attractiveness and related growth opportunities

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