The Aircraft Arresting System Market was $749.5 Million in 2016 and is projected to reach $1,104.5 Million by 2022, at a CAGR of 6.38% during the forecast period. Factors such as an increase in spending on runway safety and the acquisition of aircraft are expected to drive the market. This report forecasts the aircraft arresting system market and its dynamics over the next five years, also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscapes.
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The major players in the aircraft arresting system market are Zodiac Aerospace (France), Runway Safe (Sweden), and General Atomics (US). Manufacturers mostly adopt new product launches as their key growth strategy. Zodiac Aerospace (France) is the leading company in the market, and caters to both, military and commercial segments. In the commercial segment, it commands over 90% of the total market share.
Target Audience
- Original Equipment Manufacturers (OEMs)
- Regulatory Bodies
- Component Suppliers
- Military
- Technology Providers
- Distributors
The growth of the market can be attributed to various technological developments taking place across the globe, which include the development of advanced arresting gears for Ford-class carriers, and mobile aircraft arresting systems, among others.
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.
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