Aircraft Arresting System Market Analysis & Forecast | 2022-28

Market Insights

The aircraft arresting system market is likely to grow from USD 762.73 million in 2021 to reach USD 1305.9 million by 2028 at a healthy CAGR of 7.88% during the forecast period.

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What is aircraft arresting system?

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 take-off. Net Barrier, Cable, Mobile system, Engineered Materials, and Aircraft Carrier Arresting System are the varied types through which the system operates stopping the aircraft. The system is used for commercial, military aircraft, and aircraft carriers.

Aircraft Arresting Systems 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 properly and in a balanced way.

Drivers

The impressive growth of the market is attributable towards:

• Rise in the expenditure on runway safety and the acquisition of aircraft.
• Installation of engineered materials is increasing.
• Increase in the use of arresting systems in naval carriers.
• Growth in the installation of EMAS at airports 
• Advancement in arresting gear technologies

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Key Players

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
• WireCo WorldGroup

Segment Analysis

By 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.

The cable segment is expected to remain dominant during the forecast period, owing to 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.  

By End-User Type

The market is segmented as a 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.

By System Type

The market is segmented as fixed and portable. The fixed system segment was estimated to account for a share of >85 % of the market in 2021. 

By Platform Type

The market is segmented as ground-based and ship-based. The ship-based segment is projected to witness higher growth during the forecast period. The growth of this segment is owing to an upsurge in the number of aircraft carriers globally and the replacement of traditional systems with ship-based aircraft arresting systems. 

By Region

North America dominated the aircraft arresting system market in 2021, followed by Europe and Asia Pacific, respectively. North America is anticipated to sustain its dominance during the forecast period.

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Segmentation

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.  

The aircraft arresting system market is segmented into the following categories. 

By Type:

• Net Barrier
• Cable 
• Mobile Aircraft Arresting System (MAAS) 
• Engineered Materials Arresting System (EMAS) 
• Aircraft Carrier Arresting System

By End-User Type:

• Commercial Airport
• Aircraft Carrier 
• Military Airbase 

By System Type:

• Fixed
• Portable 

By Platform Type:

• Ground-Based
• Ship-Based 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the 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 a 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 books, press releases, journals, investor presentations, 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 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 dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

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 sales@stratviewresearch.com