Market Size of Aircraft Arresting System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players.webp "Aircraft Arresting System Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Arresting System Market Analysis
The aircraft arresting system market is estimated to register a CAGR of over 6% during the forecast period, 2022-2027.
The impact of the COVID-19 pandemic was negligible on the demand for aircraft arresting systems. The safe landing of the aircraft on the runway of land-based and sea-based platforms is one of the major demand-generating factors for aircraft arresting systems.
The modernization of the commercial airports with the new engineered materials arresting systems (EMAS) to enhance the safety of the runway is another factor boosting the growth of the market during the forecast period.
Investments by the governments and companies for the development of new arresting gears on aircraft carriers are expected to create new market opportunities for the prominent players during the forecast period.
Aircraft Arresting System Industry Segmentation
An aircraft arresting system refers to all those components, which are used to typically stop an aircraft by absorbing the momentum of an aircraft during a normal landing or an emergency landing, or an aborted takeoff. The study includes an analysis of arresting systems used on sea-based and land-based platforms. The sea-based platform includes the aircraft arresting systems used on the aircraft carriers. The land-based platform includes the aircraft arresting systems used in commercial airports and military bases.
The report also covers the market sizes and forecasts across major regions. For each segment, the market sizing and forecasts are done based on value (USD million).
| Platform | |
| Sea-based | |
| Land-based |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Rest of the World |
Aircraft Arresting System Market Size Summary
The aircraft arresting system market is poised for significant growth, driven by the increasing need for safe aircraft landings on both land-based and sea-based platforms. The modernization of commercial airports with engineered materials arresting systems (EMAS) is a key factor propelling market expansion. This technology enhances runway safety by utilizing crushable blocks to slow down aircraft during emergency overruns. The land-based segment is expected to experience the highest growth due to the adoption of EMAS at airports and military bases. Additionally, the construction of new airports is anticipated to further boost market growth. Government and corporate investments in developing new arresting gears for aircraft carriers are also expected to create new opportunities for market players.
North America currently holds the largest market share, with significant contracts awarded for the development of advanced arresting systems, such as the EMALS technology. The Asia-Pacific region is projected to witness the highest growth, fueled by increased aircraft carrier construction and airport infrastructure modernization in countries like China, India, and Japan. Prominent market players, including General Atomics, Safran SA, and QinetiQ Group, are expanding their geographical presence to capture additional market opportunities. The development of new systems that reduce operational and maintenance costs while improving reliability is expected to attract interest from both military and commercial operators.
Aircraft Arresting System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Platform
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2.1.1 Sea-based
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2.1.2 Land-based
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2.2 Geography
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2.2.1 North America
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2.2.2 Asia-Pacific
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2.2.3 Europe
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2.2.4 Rest of the World
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Aircraft Arresting System Market Size FAQs
What is the current Aircraft Arresting System Market size?
The Aircraft Arresting System Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Aircraft Arresting System Market?
General Atomics, Safran SA, MacTaggart, Scott and Company Limited, Sojitz Aerospace Corporation and QinetiQ Group plc are the major companies operating in the Aircraft Arresting System Market.
