Press Release

Aircraft Arresting System Market to Witness Substantial Growth through 2025

Growing emphasis on runway safety and the acquisition of aircrafts to drive global aircraft arresting system market

According to TechSci Research report, Global Aircraft Arresting System Market By Type (Net Barrier, 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, Forecast & Opportunities, 2025, the market is expected to witness significant CAGR during the forecast period. Major factors fueling the growth of global aircraft arresting system market include increasing emphasis and expenditure on runway safety measures, rise in procurement of jet aircraft and construction of temporary runways around the globe. The increasing air passenger traffic and mandatory installation of EMAS at most of the airports to avoid aircraft overruns are also supporting the growth of aircraft arresting system market. Furthermore, stringent government regulations relating to aircraft and runway safety are anticipated to boost the growth of global aircraft arresting system market in coming years. Also, technological developments have led to introduction of advanced arresting gears, which is further supporting the growth of this market.

Moreover, increasing investments for airports modernization and upgradation around the globe is creating high demand for aircraft arresting systems. In addition to this, rising defense expenditure, especially in developing nations are expected to provide lucrative growth opportunities for global aircraft arresting system market. However, development of aircraft arresting system to be deployed in an aircraft requires high cost at initial stage, which is expected to hamper the market growth. Also, limited capabilities of arresting gears might act as a restraining factor for global aircraft arresting system market growth.

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The global aircraft arresting system market is segmented based on type, system, platform, end user and region. Based on type, the market can be segmented into net barrier, cable, Mobile Aircraft Arresting System (MAAS), Engineered Materials Arresting System (EMAS) and aircraft carrier arresting system. Among these, EMAS segment is anticipated to register highest CAGR during the forecast period owing to stringent government regulations related to installation of EMAS at airports.

Based on system, global aircraft arresting system market can be segmented into fixed and portable systems. Among the two, fixed segment is expected to witness high growth during the forecast period owing to increasing territorial disputes across various parts of the world. Based on platform, the market can be segmented into ground-based and ship-based. Among them, ship-based segment is anticipated to undergo significant CAGR through 2025 owing to increasing replacement of conventional systems with ship-based aircraft arresting systems.

Major players operating in the global aircraft arresting system market include Foster-Miller, Inc., A-Laskuvarjo, Victor Balata Belting Company, Curtiss-Wright Corporation, Aries S.A., ATECH Inc., Runway Safe Group, Curtiss-Wright Corporation, Escribano Mechanical and Engineering, General Atomics Aeronautical Systems, Inc., Scanodinavian Manufacturing Scama AB and Wire Rope Industries. The market players are offering products with competitive pricing, to gain larger share in global aircraft arresting system market.

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“Presence of prominent players in North America is making the region a favorable market for global aircraft arresting system market. Moreover, the Federal Aviation Administration (FAA) in United States has made it mandatory for all airports to install EMAS at all airports that have insufficient runway safety length. This factor is further bolstering the market growth. However, Asia-Pacific is expected to register fastest CAGR during the forecast period owing to increasing defense expenditure in developing economies such as India and China,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Aircraft Arresting System Market By Type (Net Barrier, 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, Forecast & Opportunities, 2025” 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 global aircraft arresting system market.

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