Aircraft Arresting System Market Insights
Aircraft arresting system market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as rise in the expenditure on runway safety and the acquisition of aircraft are expected to underpin the global aircraft arresting system market.
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Aircraft Arresting System Market - Snapshot
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Growth
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8.2% for next five years
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Major Type
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Cable
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Major end-user Type
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Military Airbase
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Dominant System Type
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Fixed System
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Dominant Platform Type
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Ship based
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Region with the highest demand
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North America
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Key Players
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Atech Inc., A-Laskuvarjo, Curtiss-Wright Corp., Escribano Mechanical & Engineering S.L., Foster-Miller Inc., General Atomics, Scama Ab, Victor Balata Belting Company, Wire Rope industries, and WireCo WorldGroup.
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Aircraft Arresting System Market Share: By Type
Based on the type, the market is segmented as net barrier, cable, mobile aircraft arresting system (MAAS), engineered materials arresting system (EMAS), and aircraft carrier arresting system. The engineered materials arresting system (EMAS) segment is estimated to register the highest growth in the coming five years; while, the cable segment is expected to remain dominant during the forecast period, owing to the contributing factors such as mandatory installation of EMAS at airports having runway safety length less than 1,000 feet and the increasing expenditure on runway safety measures, which in turn, are expected to bolster the growth of the market.
Aircraft Arresting System Market Share: By End-User Type
Based on the end-user type, the market is segmented as commercial airport, aircraft carrier, and military airbase. The military airbase segment is anticipated to lead the market during the forecast period driven by the rise in procurement of jet aircraft and the building of temporary runways.
Aircraft Arresting System Market Share: By System Type
Based on the system type, the market is segmented as fixed and portable. The fixed system segment was estimated to account for a share of 87.4% of the market in 2018.
Aircraft Arresting System Market Share: By Platform Type
Based on the platform type, the market is segmented as ground-based and ship-based. The ship-based segment is projected to witness a higher growth during the forecast period. The growth of this segment is owing to an upsurge in the number of aircraft carriers globally and replacement of traditional systems with ship-based aircraft arresting systems.
Aircraft Arresting System Market Share: By Region
In terms of regions, North America dominated the aircraft arresting system market in 2018, followed by Europe and Asia Pacific, respectively. North America is anticipated to sustain its dominance during the forecast period.
Some of the major players in the aircraft arresting system market are Atech Inc., A-Laskuvarjo, Curtiss-Wright Corp., Escribano Mechanical & Engineering S.L., Foster-Miller, Inc., General Atomics, Scama Ab, Victor Balata Belting Company, Wire Rope Industries, and WireCo WorldGroup.
Market Scope & Segmentation
Aircraft Arresting System is used in absorbing the momentum of an aircraft to stop it either in case of a regular landing or an emergency landing or even in case of an aborted takeoff. Net Barrier, Cable, Mobile system, Engineered Materials, and Aircraft Carrier Arresting System are the varied types through which the system operates stopping of the aircraft. The system is used for commercial, military aircraft and also aircraft carriers.
Aircraft Arresting System can be fixed on the runaway or can be also portable in nature such as the cable types. It mainly makes sure to help the aircraft to land properly and in a balanced way.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aircraft Arresting System Market Report – Features
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Market Segmentation
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5 ways
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The aircraft arresting system market is segmented into the following categories.
Aircraft Arresting System Market Size, Share & Forecast, by Type:
- Net Barrier (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mobile Aircraft Arresting System (MAAS) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Engineered Materials Arresting System (EMAS) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aircraft Carrier Arresting System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Arresting System Market Size, Share & Forecast, by End-User Type:
- Commercial Airport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aircraft Carrier (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Airbase (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Arresting System Market Size, Share & Forecast, by System Type:
- Fixed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Portable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Arresting System Market Size, Share & Forecast, by Platform Type:
- Ground-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ship-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Arresting System Market Size, Share & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the types by end-user type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
