Market Overview:
The Aircraft Arresting System Market is expected to reach USD 1195.88 Million by 2030 at 7.15% CAGR during the forecast period 2020-2030. The market is expected to be driven by increased expenditure on runway safety and aircraft purchase. This research analyses the industry for aircraft arresting systems and its dynamics over the next 5 years, taking into account industry application gaps, current market advancements, and high-potential nations. The report aims to investigate the market's affecting variables, map key industry participants, and give vendor analysis and competition landscapes.
Market Segmentation:
By Type:
The global Aircraft Arresting System Market has been segmented into Aircraft Carrier Arresting System, Mobile Aircraft Arresting System (MAAS), Cable, Net Barrier, and Engineered Material Arresting System based on type segment (EMAS).
The EMAS segment is expected to grow at the fastest CAGR during the review period. As a result, the worldwide Aircraft Arresting System Market Growth is predicted to thrive throughout the study period due to severe government regulations linked to EMAS installation and rising acceptance of EMAS by various nations' airports.
By Platform:
Based on the platform, the worldwide Aircraft Arresting System Market Trends has been segmented into Ship-based and Ground-based segments.
The ship-based segment is predicted to have the highest CAGR during the analysis period. The requirement for ship-based systems has risen as more traditional systems are being replaced by ship-based systems.
By System:
The Global Aircraft Arresting System Market has been divided into Portable System with Fixed System based on system segment.
The fixed system segment is expected to have the greatest Aircraft Arresting System Market Share during the projected period. The Aircraft Arresting System Market is expected to develop because of the increasing number of territorial conflicts worldwide.
By End-users:
The present Aircraft Arresting System Market has been segmented into three end-user segments: Aircraft Carrier, Commercial Airport, and Military Airbase.
Key Players:
General Atomics (US), ,SCAMA AB (Sweden), Curtiss-Wright Corporation (US), A-laskuvarjo (Finland), Safran (France), ESCRIBANO Mechanical and Engineering (Spain), Bridon-Bekaert (UK), QinetiQ (UK), WireCoWorldGroup (Paris), Runway Safe Sweden AB (Sweden).
Regional Analysis:
North America, the Middle East, Asia Pacific, Africa, Europe, Latin America, and other regional centers boost the global market growth. For the assessment period, the North American market is expected to have the greatest Aircraft Arresting System Market Share. The North American region is fueling market expansion based on key important players.
Furthermore, because of the increasing adoption of aircraft arresting systems by different nations such as Australia and others, the Asia Pacific Aircraft Arresting System Market is expected to grow at the quickest CAGR for the period of assessment. Furthermore, increased defense spending in emerging economies such as China and India is boosting worldwide market development in the next years.
Industry news:
The term "aircraft arresting system" refers to all of the components utilised to bring an aeroplane to a halt by absorbing its momentum during a regular landing, an emergency landing, or an interrupted take-off. The corporations are expected to grab further market opportunities by expanding their geographical footprint. Furthermore, the military and commercial operators are anticipated to be interested in the growth of novel aircraft arresting systems that can minimise the number of operators by enhancing the dependability and efficacy of maintenance hours.
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