Increasing air travel and development in arresting system drives the global Aircraft arresting system market through 2030.
According to TechSci Research report, “Aircraft arresting system market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030F”,
The market for aircraft arresting systems is anticipated to grow throughout the forecast period as a result of stringent government regulations relating to runway and aircraft safety along with increased international investments in airport modernisation and improvement. By 2027, technical advancements and the launch of more advanced arresting gear are anticipated to further fuel market expansion. As a result, the market for aircraft arresting system is receiving greater investments.
The arresting mechanisms are often only placed on one of the two parallel runways at an airport. Given that current arresting equipment prevents quick commercial operations on the runway. Thus, the creation of new and quick arresting systems may generate new opportunities for the growth of the aircraft arresting system market.
The overall amount spent on international militaries climbed by 0.7% in 2021, reaching USD 2113 billion, according to the Stockholm International Peace Research Institute (SIPRI). The top five spenders in 2021 were the United States, China, India, the United Kingdom, and Russia, with 62% of total expenditure. Around 3,800 of 36,000 airports in the world that are designated as civil, military, or combined use, are utilized generally by the airline industry. Nearly, 64 countries throughout the world have installed close to 2,000 aircraft arresting systems. A growing number of new aircraft are entering the worldwide market for commercial aircraft in addition to those that already exist, driving up demand for industry expansion.
North America is predicted to dominate the global aircraft arresting system market over the forecast period, due to the presence of significant industry players in the region. Additionally, the Federal Aviation Administration (FAA) in the United States has mandated that all airports with insufficient runway safety length, adopt EMAS. The aircraft arresting market is expected to increase significantly in the Asia-Pacific region during the projected period. The expansion is also linked to the region's expanding number of airports and aircraft deliveries.
Typically, arresting cables do not entangle or engage commercial aircraft. Depending on the kind of aircraft, the typical cycle times for arresting technology may range from 3 to 10 minutes. A commercial aircraft's landing could be delayed if a military aircraft deploys its arresting gear. While the military aircraft is being ejected and the arresting gear is being adjusted, the commercial aircraft gets delayed. As a result, the majority of airports have seen a slow growth in aircraft arresting systems. In recent time, many companies investing in research and development of aircraft arresting system to be more reliable and quick system. Owing to this, the demand for aircraft resisting system increases in coming years.
Based on type, the market for global aircraft arresting system is segmented into Aircraft Arresting Barrier, Aircraft Arresting Cable, Mobile Aircraft Arresting System (MAAS), Engineered Materials Arresting System (EMAS), and Aircraft Carrier Arresting System. Based on system, it is segmented into Fixed and Portable. Based on platform, it is divided into Ground-Based and Ship-Based. Based on end user, it is fragmented into Commercial Airport, Aircraft Carrier, Military Airbase. The market analysis is also segmented by region among Asia-Pacific, Europe, North America, South America, Middle East & Africa.
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Some of the major companies operating in the global aircraft arresting system market include:
- Runway Safe Group
- Escribano Mechanical and Engineering
- General Atomics Aeronautical Systems Inc.
- Scanodinavian Manufacturing Scama AB
- Wire Rope Industries
- Safran S.A.
- Foster-Miller Inc.
- Curtiss-Wright Corporation
- Aries S.A.
- A-tech Inc.
These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.
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“The global aircraft arresting system market is driven by the rising number of airports in all regions across world and increasing technology in aircraft arresting system for quick and safe landing. Additionally, increased air travel encourages the development fast and reliable solution for landing. The North America is likely to lead the market in the coming years followed by Europe and Asia Pacific.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Aircraft Arresting System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F, Segmented By Type (Aircraft Arresting Barrier, Aircraft Arresting 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, Competition” 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 the global aircraft arresting system market.
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