Aircraft Arresting System Market Overview, Cost Structure Analysis, Growth Opportunities and Forecas
According to the new research report "Aircraft Arresting System Market by Type (Net Barrier, Cable, Maas, EMAS, Aircraft Carrier Arresting System), End User (Commercial Airport, Military Airbase, Aircraft Carrier), System (Fixed, Portable), Platform, and Region - Global Forecast to 2022", The aircraft arresting system market is projected to grow from an estimated USD 811 million in 2017 to USD 1,105 million by 2022, at a CAGR of 6.38% during the forecast period.
Browse 108 Market Data Tables and 42 Figures spread through 165 Pages and in-depth TOC on "Aircraft Arresting System Market"
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Aircraft arresting cables lead the Aircraft Arresting System Market by type
Based on by type, cables segment leads the aircraft arresting system market during the forecast period. North America is anticipated to lead the cable segment. Net barrier segment holds the second largest market share. Cables and Net barriers type of aircraft arresting system are being used since many decades. These systems are majorly used on military airports and hence hold larger market share.
Based on end use, the commercial airport segment of the aircraft arresting system market is projected to grow at the highest CAGR for during the forecast period
The commercial airport segment is projected to grow fastest. Increasing investments in runway safety measures and the mandate to install EMAS at airports having runway safety length less than 1,000 feet by the Federal Aviation Administration are expected to boost the commercial airport segment of the aircraft arresting system market. Countries such as Germany and China have also installed arresting systems as part of their runway safety measure programs.
The North America aircraft arresting system market is expected to grow at the highest CAGR during the forecast period
North America is projected to lead the aircraft arresting system market during the forecast period, owing to the mandate of compulsory installation of engineered material arresting systems at commercial airports by the FAA and upgradation programs of aircraft carriers. Replacement of Nimitz class aircraft carriers with Ford class aircraft carriers as part of the upgradation program is expected to drive the demand for arresting systems in aircraft carriers.
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Key Market Players
Zodiac Aerospace (France), Runway Safe (Sweden), General Atomics (subsidiary of General Dynamics, US), A-Tech Inc. (U.S.), A-Luskuvarjo (Finland), Escribano Mechanical & Engineering (Spain), Victor-Balata Belting Company (US), Foster-Miller Inc. (US), Curtiss-Wright Corp. (US), Wire Rope Industries (Canada), and WireCo WorldGroup (US) are some of the key players in the aircraft arresting system market
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