Aircraft Arresting System Market Expected to Reach $1,105 Million by 2022, at a CAGR of 6.38%, Over 2017–2022

1
Aircraft
Arresting
System
Market
Expected to Reach 1,105 Million by
2022, at a CAGR of 6.38, Over 2017
2022
According to the new research 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 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.
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Browse 108 Market Data Tables and 42 Figures
spread through 165 Pages and in-
depth TOC on "Aircraft Arresting System Market"
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ircraft-arresting-system-
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Aircraft arresting cables lead the Aircraft
Arresting System Market by type
Based on by type, cables segment leads the
aircraft arresting system market during the
forecast period. North America is anticipated to
lead the cable segment. Net barrier
segment holds the second largest market share.
Cables and Net barriers type of aircraft
arresting system are being used since many
decades. These systems are majorly used
on military airports and hence hold larger market
share.
Based on end use, the commercial airport segment
of the aircraft arresting system
market is projected to grow at the highest CAGR
for during the forecast period
2
The commercial airport segment is projected to
grow fastest. 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 commercial airport segment of the
aircraft arresting system market.
Countries such as Germany and China have also
installed arresting systems as part of
their runway safety measure programs.
The
North aircraft
America 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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Key Market Players
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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