Aircraft Arresting System Global Industry Trends, Statistics, Size, Share, Growth Factors, Regional Analysis, Competitive Landscape and Forecast 2023
Global Aircraft Arresting System Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India – September 30, 2019 /MarketersMedia/ —
Aircraft arresting system enables in stopping an aircraft by absorbing its momentum in an emergency, routine landing and aborted takeoff. These systems offer enhanced safety to passengers and pilots by assisting in secure aircraft landing. Factors such as increasing aircraft manufacturing and growing air passenger traffic are boosting the market growth. However, high cost of development, installation and repair of aircraft arresting systems may hamper the market growth.
Aircraft arresting system market is estimated to register a CAGR of approximately 6.25% during the forecast period of 2018 to 2023.
The key players in the global aircraft arresting system market are Curtiss-Wright Corporation (US), General Atomics (US), QinetiQ (UK), Safran (France), SCAMA AB (Sweden), WireCo WorldGroup (Paris), Bridon-Bekaert (UK), Runway Safe Sweden AB (Sweden), ESCRIBANO Mechanical and Engineering (Spain) and A-laskuvarjo (Finland).
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The global aircraft arresting system market has been segmented based on type, system, platform, end user and region. On the basis of type, market is divided into cable, net barrier, Mobile, Aircraft Arresting System (MAAS), Engineered Materials Arresting System (EMAS) and aircraft carrier arresting system. In 2017, the cable segment dominated the global market. However, the EMAS segment is anticipated to grow at the highest CAGR owing to stringent government regulations pertaining installation of EMAS at airports having runway safety length less than 1,000 feet by the Federal Aviation Administration (FAA). On the basis of system, the market has been segmented into fixed and portable. The fixed segment dominated the market in 2017. Increasing territorial disputes across in various parts of the world is driving the market growth.
On the basis of platform, the market is segmented into ground-based and ship-based. the ship-based segment is anticipated to grow at the highest CAGR. Growing replacement of conventional systems with ship-based aircraft arresting system is boosting the demand for this segment. On the basis of end user, the market is segmented into commercial airport, aircraft carrier, and military airbase. The military airbase segment is anticipated to grow at the highest CAGR. Increasing procurement of jet aircrafts by developed and developing economies is bolstering the market growth. Additionally, the growing need to construct temporary runways is also boosting the market growth.
On the basis of region, the global aircraft arresting system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America dominated the global market. Presence of prominent players such as General Atomics and Curtiss-Wright Corporation among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to increasing defense expenditure of developing economies such as India, and China among others. Additionally, increasing adoption of aircraft arresting systems by countries such as Australia and others is boosting the market growth in the region.
Intended Audience
• Aircraft arresting system manufacturers
• Airport authorities
• Airline companies
• Research Institutes
• Regulatory bodies
Research Methodology
The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.
Secondary Research
In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.
Primary Research
In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.
Report Key Insights
• Market Sizing, Forecast and Analysis: Detailed coverage on market segment and its sub segments
• Regional / Country Trend and Forecast: Detailed analysis on North America, Asia Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
• Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain & value chain analysis
• Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
• Regional attractiveness and related growth opportunities
Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Aircraft Arresting System Market, by Type
1.1.2. Global Aircraft Arresting System Market, by System
1.1.3. Global Aircraft Arresting System Market, by Platform
1.1.4. Global Aircraft Arresting System Market, by End-user
1.1.5. Global Aircraft Arresting System Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
Continued…….
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List of Tables
Table 1 Global Aircraft Arresting System Market, by Region, 2018–2023
Table 2 North America: Aircraft Arresting System Market, by Country, 2018–2023
Table 3 Europe: Aircraft Arresting System Market, by Country, 2018–2023
Table 4 Asia-pacific: Aircraft Arresting System Market, by Country, 2018–2023
Table 5 Rest of the World: Aircraft Arresting System Market, by Region, 2018–2023
Table 6 Global Aircraft Arresting System, Type Market, by Region, 2018–2023
Table 7 North America: Aircraft Arresting System, Type Market, by Country, 2018–2023
Continued……..
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued……
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