Aircraft Arresting System Market worth 1,104.5 Million USD by 2022
The aircraft arrestingsystem market is projected to grow from an estimated USD 810.6 Million in 2017
to USD 1,104.5 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.
Browse 108 Market Data Tables and 42 Figures
spread through 165 Pages and in-depth TOC on "Aircraft Arresting System Market - Global Forecast to
2022"
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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.
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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.
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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