The report "Aircraft Arresting
System Market by Type (Net Barrier, Cable, Maas, EMAS,
Aircraft Carrier Arresting System), End User (Commercial Airport, Military
Airbase, Aircraft Carrier), System (Fixed, Portable), Platform, and Region -
Global Forecast to 2022", The aircraft arresting system
market is projected to grow from an estimated USD 810.6 Million in 2017 to USD
1,104.5 Million by 2022, at a CAGR of 6.38% during the forecast period.
Increasing expenditure on airport improvement plans and upgradation of aircraft
carriers are expected to drive the aircraft arresting system market during the
forecast period.
Browse 108
Market Data Tables and 42 Figures spread through 165 Pages and
in-depth TOC on "Aircraft Arresting System
Market - Global Forecast to 2022"
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Based on type, the Engineered
Aircraft Arresting System (EMAS) segment is projected to grow at the highest
CAGR during the forecast period
Increasing investments in runway
safety measures and the mandate to install EMAS at airports having runway
safety length less than 1,000 feet by the Federal Aviation Administration are
expected to boost the aircraft arresting system market. Countries such as
Germany and China have also installed arresting systems as part of their runway
safety measure programs.
Based on end use, the
military airbase segment is projected to lead the aircraft arresting system
market during the forecast period
The military airbase segment is
projected to capture the maximum market share during the forecast period. The
increase in procurement of fighter jets and need to construct temporary runways
are factors expected to lead to the growth of this segment.
The North America aircraft
arresting system market is expected to grow at the highest CAGR during the
forecast period
North America is projected to lead
the aircraft arresting system market during the forecast period, owing to the
mandate of compulsory installation of engineered material arresting systems at
commercial airports by the FAA and upgradation programs of aircraft carriers.
Replacement of Nimitz class aircraft carriers with Ford class aircraft carriers
as part of the upgradation program is expected to drive the demand for
arresting systems in aircraft carriers.
Zodiac Aerospace (France), Runway
Safe (Sweden), General Atomics (subsidiary of General Dynamics, US), A-Tech
Inc. (U.S.), A-Luskuvarjo (Finland), Escribano Mechanical & Engineering
(Spain), Victor-Balata Belting Company (US), Foster-Miller Inc. (US),
Curtiss-Wright Corp. (US), Wire Rope Industries (Canada), and WireCo
WorldGroup (US) are some of the key players in the aircraft arresting system
market
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