21 May 2019, The global aircraft arresting system market is expected to display higher growth rate over the next
five years. Rapid surge in the market is credited to the growing number of
aircraft carriers across the globe and the surging customer base. Key factors
responsible for the growth of this market are soaring demand from commercial
aviation sector and rapid expansion of the existing airlines fleet size by
major airlines. Globally, market is predicted to generate massive revenue over
the next five years, providing numerous opportunities for industry participants
to invest in research and development of aircraft arresting system.
Additionally, civil aviation sector is expected to
display substantial growth owing to the high-end manufacturing of
next-generation aircraft. However, factors such as rising production cost,
unavailability raw materials, and increasing inflation rate, pose vital threat
to the growth of aircraft arresting system market. Yet, rapid globalization of
industry and substantial investment by OEMs (an original equipment
manufacturers) and component & raw material suppliers to improve existing
business process and formation of new process across the value chain is
anticipated to augment growth of the market in the upcoming years.
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Aircraft arresting systems are used to guarantee an
aircraft is stopped on the runway during the landing roll or after a high speed
rejected take off. Aircraft arresting systems contains engaging devices such as
net barriers, cable support and disc supported pendants, and energy absorbers.
Aircraft arresting systems are placed near the safety area, or overrun on the
runway. Aircraft arresting systems are designed such that a strong force is
applied under the weight of commercial airplanes, thus exerting deceleration
forces on the landing gear.
Aircraft arresting system market is broadly categorized
into three major segments based on the application type such as aircraft
arresting barriers, aircraft arresting cables and engineered materials
arresting systems (EMAS). Engineered materials arresting systems (EMAS) segment
is growing rapidly in the market with substantial revenue generation in the
last few years. Growing popularity of engineered materials arresting systems (EMAS)
segment is attributed to the soaring demand form military & defense sector.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in implementation of latest technologies in
aviation sector, surge in number of research & development activities and
existence of well-established industrial infrastructure in the region. In
European region, Germany, France, and United Kingdom are projected to witness
steady growth.
Asia-Pacific region is estimated to hold a major share in
the aircraft arresting system industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth, rising number of joint commercial and
military runways, and significant investment by leading industry players
considering potential growth opportunities in the region.
The key players in the aircraft arresting system market
are Runway Safe Group, Zodiac Aerospace Co., General Dynamics Corp., The Boeing
Co., Scama AB, General Atomics Aeronautical Systems Inc., WireCo WorldGroup,
Inc., Atech Inc., and Escribano Mechanical & Engineering S.L.
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