Aircraft Arresting System Market To Grow Due To Rising Number Of Aircraft Carriers And High Growth Of Commercial Aviation Sector Globally Till 2023 | Million Insights
The global Aircraft Arresting System Market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the growing number of aircraft carriers across the globe and the surging customer base. Key factors responsible for the growth of this market are soaring demand from commercial aviation sector and rapid expansion of the existing airlines fleet size by major airlines. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of aircraft arresting system.
Additionally, civil aviation sector is expected to display substantial growth owing to the high-end manufacturing of next-generation aircraft. However, factors such as rising production cost, unavailability raw materials, and increasing inflation rate, pose vital threat to the growth of aircraft arresting system market. Yet, rapid globalization of industry and substantial investment by OEMs (an original equipment manufacturers) and component & raw material suppliers to improve existing business process and formation of new process across the value chain is anticipated to augment growth of the market in the upcoming years.
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Aircraft arresting systems are used to guarantee an aircraft is stopped on the runway during the landing roll or after a high speed rejected take off. Aircraft arresting systems contains engaging devices such as net barriers, cable support and disc supported pendants, and energy absorbers. Aircraft arresting systems are placed near the safety area, or overrun on the runway. Aircraft arresting systems are designed such that a strong force is applied under the weight of commercial airplanes, thus exerting deceleration forces on the landing gear.
Aircraft arresting system market is broadly categorized into three major segments based on the application type such as aircraft arresting barriers, aircraft arresting cables and engineered materials arresting systems (EMAS). Engineered materials arresting systems (EMAS) segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of engineered materials arresting systems (EMAS) segment is attributed to the soaring demand form military & defense sector.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in aviation sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the aircraft arresting system industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising number of joint commercial and military runways, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the aircraft arresting system market are Runway Safe Group, Zodiac Aerospace Co., General Dynamics Corp., The Boeing Co., Scama AB, General Atomics Aeronautical Systems Inc., WireCo WorldGroup, Inc., Atech Inc., and Escribano Mechanical & Engineering S.L.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Aircraft Arresting System in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Aircraft Arresting System market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Zodiac Aerospace (France)
• General Atomics (US)
• Runway Safe (Sweden)
• Scama AB (Sweden)
• Escribano Mechanical & Engineering
• Foster-Miller, Inc.
• Wireco Worldgroup
• Wire Rope Industries
• Curtiss-Wright Corp.
• Victor Balata Belting Company
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
By Type
• Net Barrier
• Cable
• Mobile Aircraft Arresting System (MAAS)
• Engineered Material Arresting System (EMAS)
• Aircraft Carrier Arresting System
By Platform
• Sea-based Systems
• Land-based Systems
By System
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Aircraft Arresting System for each application, including
• Commercial Airport
• Military Airbase
• Aircraft Carrier
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/military-aerospace-and-defense
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