Aircraft Arresting System Market Outlook and Industry Forecast to 2022

1
According to the new research report "Aircraft
Arresting System Market by Type (Net Barrier,
Cable, Maas, EMAS, Aircraft Carrier Arresting
System), End User
(Commercial Military Airbase, Carrier), System
Airport, Aircraft (Fixed,
Portable), Platform,
and
Region - Global Forecast to 2022", The aircraft
arresting system market is projected to grow
from an estimated USD 811 million in 2017
to USD 1,105 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. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id22596966 The aircraft arresting system
market has been segmented on the basis of type,
end use, system, platform, and region. Among
types, the Engineered Material Arresting System
(EMAS) segment is projected to grow at the
highest CAGR during the forecast period the
cable segment is projected to lead the market
during the forecast period. Factors such as
mandatory installation of EMAS at airports having
runway safety length less than 1,000 feet and
increasing spending on runway safety measures are
expected to drive the market. On the basis of
end use, the aircraft arresting system market has
been segmented into commercial airport, aircraft
carrier, and military airbase. The military
airbase segment is projected to lead the market
during the forecast period owing to the increase
in procurement of jet aircraft and the
construction of temporary runways. Based on
system, the fixed system segment is estimated to
account for a share of 87.4 of the aircraft
arresting system market in 2017. Based on
platform, the naval- based segment of the market
is projected to grow at the highest CAGR during
the forecast period. The growth of this segment
of the market can be attributed to an increase
in the number of aircraft carriers across the
globe and replacement of conventional systems
with naval-based aircraft arresting systems.
North America accounted for the largest share of
the market in 2016, followed by Europe and the
Asia Pacific, respectively. The major challenge
for aircraft arresting system manufacturers is
the high cost. The cost of installing one EMAS
bed in 300 foot 150 foot usually cost between
USD 5 Million and USD 8 Million.
2
Key Market Players 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. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id22596966 About MarketsandMarkets Mark
etsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide
approach MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441