This new report from Stratview Research analyses the Aircraft Arresting System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Arresting System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Arresting System Market is no different. Derived from the previous market scenario, the Aircraft Arresting System Market is likely to witness an impressive CAGR of 8.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Market Share Analysis
Aircraft Arresting System Market Share: By Type
Based on the type, the market is segmented as net barrier, cable, mobile aircraft arresting system (MAAS), engineered materials arresting system (EMAS), and aircraft carrier arresting system. The engineered materials arresting system (EMAS) segment is estimated to register the highest growth in the coming five years; while, the cable segment is expected to remain dominant during the forecast period, owing to the contributing factors such as mandatory installation of EMAS at airports having runway safety length less than 1,000 feet and the increasing expenditure on runway safety measures, which in turn, are expected to bolster the growth of the market.
Aircraft Arresting System Market Share: By End-User Type
Based on the end-user type, the market is segmented as commercial airport, aircraft carrier, and military airbase. The military airbase segment is anticipated to lead the market during the forecast period driven by the rise in procurement of jet aircraft and the building of temporary runways.
Aircraft Arresting System Market Share: By System Type
Based on the system type, the market is segmented as fixed and portable. The fixed system segment was estimated to account for a share of 87.4% of the market in 2018.
Aircraft Arresting System Market Share: By Platform Type
Based on the platform type, the market is segmented as ground-based and ship-based. The ship-based segment is projected to witness a higher growth during the forecast period. The growth of this segment is owing to an upsurge in the number of aircraft carriers globally and replacement of traditional systems with ship-based aircraft arresting systems.
Aircraft Arresting System Market Share: By Region
In terms of regions, North America dominated the aircraft arresting system market in 2018, followed by Europe and Asia Pacific, respectively. North America is anticipated to sustain its dominance during the forecast period.
Some of the major players in the aircraft arresting system market are Atech Inc., A-Laskuvarjo, Curtiss-Wright Corp., Escribano Mechanical & Engineering S.L., Foster-Miller, Inc., General Atomics, Scama Ab, Victor Balata Belting Company, Wire Rope Industries, and WireCo WorldGroup.