Aircraft arresting system market is projected to grow from an estimated USD 810.6 million in 2017to USD 1,104.5 million in 2022, at a CAGR of 6.38% during the forecast period.
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Aircraft arresting system market in North America is projected to grow at the highest CAGR during the forecast period. North America accounted for the largest share of the aircraft arresting system market in 2016and is expected to continue in this trend throughout the forecast period.
The FAA mandate for the installation of EMAS and up gradation of aircraft carriers is expected to drive the aircraft arresting system market in North America.
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Increase in spending on runway safety measures is expected to drive the aircraft arresting system market for engineered material arresting system manufacturers, whereas, increasing procurement and up gradation of aircraft carriers is expected to drive the aircraft arresting system market for military system manufacturers.
The aircraft arresting system market is expected to witness technological advancements for applications at commercial airports. However, high costs of aircraft arresting systems and sufficient runway safety length in countries of the Asia Pacific and Europe are the major restraints in the growth of the aircraft arresting system market.
On the basis of type, the EMAS segment is expected to witness the highest CAGR during the forecast period. The Federal Aviation Administration has made the installation of EMAS mandatory for US airports with inadequate runway safety length (less than 1,000 feet) in order to prevent aircraft overrunning runways.
Countries such as China and Germany have also started installing EMAS at airports as part of runway safety measures. The increasing spending on airport improvement plans, especially, runway safety, is expected to drive the EMAS market segment during the forecast period.
- Original Equipment Manufacturers (OEMs)
- Regulatory Bodies
- Component Suppliers
- Technology Providers
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Top Companies Analyzed for Aircraft Arresting System Market are –Zodiac Aerospace (France), Runway Safe (Sweden), General Atomics (subsidiary of General Dynamics, US), SCAMA SE (Sweden), Boeing (US), A-Tech Inc. (US), A-Laskuvarjo (Finland), and Escribano Mechanical & Engineering (Spain).
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The aircraft arresting system market has been segmented on the basis of type, end use, system, platform and region. On the basis of type, the aircraft arresting system market has been segmented into net barriers, cable, Mobile Aircraft Arresting System (MAAS), Engineered Material Arresting System (EMAS).
On the basis of end use, the aircraft arresting system market has been segmented into commercial airport, aircraft carrier, and military airbase. On the basis of system, the aircraft arresting system market has been segmented into fixed and portable.
On the basis of platform, the aircraft arresting system market has been segmented into ship based and ground based.
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