Aircraft Arresting System Market to Witness Substantial Growth through 2025
Growing emphasis on runway
safety and the acquisition of aircrafts to drive global aircraft arresting
system market
According to
TechSci Research report, “Global Aircraft
Arresting System Market By Type (Net Barrier, Cable, Mobile Aircraft
Arresting System (MAAS), 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), By Region, Forecast & Opportunities, 2025”, the market is expected to witness significant CAGR during
the forecast period. Major factors fueling the growth of global aircraft
arresting system market include increasing emphasis and expenditure on runway
safety measures, rise in procurement of jet aircraft and construction of
temporary runways around the globe. The increasing air passenger traffic and mandatory
installation of EMAS at most of the airports to avoid aircraft overruns are
also supporting the growth of aircraft arresting system market. Furthermore, stringent
government regulations relating to aircraft and runway safety are anticipated
to boost the growth of global aircraft arresting system market in coming years.
Also, technological developments have led to introduction of advanced arresting
gears, which is further supporting the growth of this market.
Moreover, increasing investments for airports
modernization and upgradation around the globe is creating high demand for
aircraft arresting systems. In addition to this, rising defense expenditure,
especially in developing nations are expected to provide lucrative growth
opportunities for global aircraft arresting system market. However, development
of aircraft arresting system to be deployed in an aircraft requires high cost
at initial stage, which is expected to hamper the market growth. Also, limited
capabilities of arresting gears might act as a restraining factor for global
aircraft arresting system market growth.
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The global aircraft
arresting system market is segmented based on type, system, platform, end user
and region. Based on type, the market can be segmented into net barrier, cable,
Mobile Aircraft Arresting System (MAAS), Engineered Materials Arresting System
(EMAS) and aircraft carrier arresting system. Among these, EMAS segment is
anticipated to register highest CAGR during the forecast period owing to stringent
government regulations related to installation of EMAS at airports.
Based on system,
global aircraft arresting system market can be segmented into fixed and portable
systems. Among the two, fixed segment is expected to witness high growth during
the forecast period owing to increasing territorial disputes across various
parts of the world. Based on platform, the market can be segmented into ground-based
and ship-based. Among them, ship-based segment is anticipated to undergo
significant CAGR through 2025 owing to increasing replacement of conventional
systems with ship-based aircraft arresting systems.
Major players operating in the global
aircraft arresting system market include Foster-Miller, Inc., A-Laskuvarjo,
Victor Balata Belting Company, Curtiss-Wright Corporation, Aries S.A., ATECH
Inc., Runway Safe Group, Curtiss-Wright Corporation, Escribano Mechanical and
Engineering, General Atomics Aeronautical Systems, Inc., Scanodinavian
Manufacturing Scama AB and Wire Rope Industries. The market players are offering
products with competitive pricing, to gain larger share in global aircraft
arresting system market.
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“Presence of prominent
players in North America is making the region a favorable market for global
aircraft arresting system market. Moreover, the Federal Aviation Administration
(FAA) in United States has made it mandatory for all airports to install EMAS
at all airports that have insufficient runway safety length. This factor is
further bolstering the market growth. However, Asia-Pacific is expected to register fastest
CAGR during the forecast period owing to increasing defense expenditure in developing
economies such as India and China,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Aircraft Arresting System Market By Type
(Net Barrier, Cable, Mobile Aircraft Arresting System (MAAS), 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), By Region, Forecast
& Opportunities, 2025” has evaluated
the future growth potential of global aircraft arresting system market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global aircraft arresting system market.
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