Title: Growth Opportunities for Aircraft Arresting System Market | Global Forecast to 2022
1Growth Opportunities for Aircraft Arresting
System Market Global Forecast to 2022
- 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. - Download Sample Report _at_
- https//www.marketsandmarkets.com/requestsampleNew
.asp?id22596966 - 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
2- 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. - Dont miss out on business opportunities in
Aircraft Arresting System Market. Speak to our
analyst and gain crucial industry insights that
will help your business grow. - About MarketsandMarkets
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