Global Aircraft Arresting System Market Size To Worth USD 1424 Million by 2033 | CAGR of 5.48%

Global Aircraft Arresting System Market Size To Worth USD 1424 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Aircraft Arresting System Market Size to grow from USD 835 million in 2023 to USD 1424 million by 2033, at a Compound Annual Growth Rate (CAGR) of 5.48% during the forecast period.

Browse key industry insights spread across 254 pages with 110 Market data tables and figures & charts from the report on the "Global  Aircraft Arresting System Market Size, Share, and COVID-19 Impact Analysis, By Type (Mobile Aircraft Arresting System (MAAS), Net Barrier, Cable, Aircraft Carrier Arresting System, Engineered Material Arresting System {EMAS}), By Platform (Ship-based, Ground-based), By System (Portable System, Fixed System), By End-Users (Commercial Airport, Aircraft Carrier, Military Airbase), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/aircraft-arresting-system-market

Due to rising defence spending, rising aviation traffic, and the updating of military facilities, the Aircraft Arresting System market is developing. Particularly on short or short runways, these technologies are essential for guaranteeing safety during emergency landings and aborted takeoffs. The need for effective aeroplane recovery systems at both military and commercial airports is driving the market. Aircraft arrestor beds, cable-based arresting systems, and engineered materials arresting systems (EMAS) are examples of key technology. Due to its large number of airports and high military spending, North America now holds a dominant position in the market, but due to rising defence spending, Asia-Pacific is expected to rise at a quick pace.

Aircraft Arresting System Market Value Chain Analysis

The market for Aircraft Arresting System has numerous important phases in its value chain, starting with raw material suppliers who offer components such as cables, energy absorbers, and sophisticated composites. After then, producers create, develop, and put these parts together to create entire arresting systems. Research and development, with an emphasis on performance, safety, and adherence to aviation rules, is essential. Distribution is managed through joint ventures with civil airport authorities as well as direct sales to government agencies and defence contractors. Service providers guarantee the longevity and operational readiness of systems, adding even more value. These services include installation, maintenance, and training. Military airfields and commercial airports are the end users of these systems; they depend on them for emergency aircraft recovery and to improve runway safety. The value chain prioritises quality and is highly integrated.

Aircraft Arresting System Market Opportunity Analysis

Rising air traffic, rising defence budgets, and a growing emphasis on safety in both the military and commercial aviation sectors create major prospects for the Aircraft Arresting System market. Significant development opportunities exist for the modernisation of the military infrastructure now in place, especially in the Middle East and Asia-Pacific. Modern aircraft arresting systems are becoming more and more in demand as a result of emerging nations' significant investments in airport upgrades and expansions. Technological developments, like the creation of robust, lightweight materials and creative arresting system designs, are anticipated to further accelerate market expansion. Additionally, market participants have new opportunities to develop and broaden their worldwide market presence thanks to the requirement to comply with strict safety requirements and the use of innovative technologies like engineered materials arresting systems (EMAS).

Due to the growing need for military aircraft and the expansion of commercial airports, the Aircraft Arresting System market is experiencing considerable demand. As the world's defence budgets increase and more nations upgrade their armed forces, successful aircraft recovery in the event of emergencies or aborted takeoffs depends on dependable arresting systems. Apart from that, the growing number of commercial airports due to increased air traffic and contemporary infrastructure is increasing the need for arresting systems to guarantee runway operational safety, especially short runways. The requirement for both civil aviation safety and military readiness is driving investments in novel arresting systems that integrate cutting-edge materials and technology. Both industries are concentrated on improving the current infrastructure, which offers major global market players profitable expansion prospects.

The market for Aircraft Arresting Systems is facing a number of obstacles, including expensive installation and maintenance costs, which may put off potential customers, particularly smaller airports with tighter budgets. Furthermore, the certification procedure for new technologies is made complicated and time-consuming by the necessity for rigorous adherence to international aviation safety laws, which slows down market growth. Technical hurdles that the market faces include adapting systems to various aircraft types and runway designs and guaranteeing reliability in a variety of weather conditions. Moreover, the demand might be greatly affected by any reductions or reallocations due to the reliance on government defence spending. Funding and decision-making for these systems may be further delayed by geopolitical unrest and economic uncertainty. Consequently, in order to sustain growth and competitiveness, market participants need to manage cost limitations, regulatory obstacles, and changing demand.

Insights by Type

The Engineered material arresting system (EMAS) segment accounted for the largest market share over the forecast period 2023 to 2033. Runways with limited space are increasingly favouring EMAS technology, which uses engineered materials designed to flex and absorb energy during aeroplane overruns. Its implementation is also being accelerated by regulatory demands from aviation authorities like as the FAA and ICAO, which highlight the importance of overrun prevention and runway safety. The market is also being helped by airport modernisation and development initiatives around the globe since EMAS provides a workable way to increase safety without making major alterations to the current infrastructure. Technological developments, better materials, and innovations that increase performance and lower installation and maintenance costs are also driving the segment's growth and drawing in new investments and installations worldwide.

Insights by Platform

The ship-based segment accounted for the largest market share over the forecast period 2023 to 2033. The need for sophisticated arresting systems for aircraft carriers is increasing as navies modernise their fleets and improve their operational readiness. These systems are necessary to ensure the safe and effective recovery of military aircraft in difficult sea conditions. Modernising ageing boats with cutting-edge arresting technology, like sophisticated cable-based systems, and building new aircraft carriers are being driven by growing geopolitical tensions and strategic military efforts. Given their substantial naval modernisation initiatives, North America and the Asia-Pacific region, in particular the United States, China, and India, are major contributors to this growth. This market sector is vital because of advancements in automation, energy absorption technologies, and materials that facilitate its growth.

Insights by System

The fixed system segment accounted for the largest market share over the forecast period 2023 to 2033. Fixed systems are essential for improving safety during emergency landings or aborted takeoffs. These systems usually include net barriers and cable-based arrestors. The need for these systems is being fuelled by rising defence spending and the updating of air force infrastructure, especially in North America, Europe, and the Asia-Pacific region. Furthermore, fixed systems are the best option because they are affordable and long-lasting arresting solutions needed for airport development projects and stricter safety rules. Technological developments that provide a solid, long-term solution for the military and commercial aviation sectors, such as enhanced energy absorption capacities and lower maintenance requirements, further promote the expansion of this industry.

Insights by End Users

The commercial airport segment accounted for the largest market share over the forecast period 2023 to 2033. Demand for sophisticated arresting systems is growing as airports work to improve security and adhere to strict regulations. This increase is driven by the construction of new airports and the expansion of existing ones, particularly in quickly developing countries such as the Middle East and Asia-Pacific. Innovative technologies such as Engineered Material Arresting Systems (EMAS) provide efficient ways to manage emergency landings and avoid runway overruns. Furthermore, the emphasis on raising operational effectiveness and safety requirements at commercial airports encourages spending money on superior arresting devices.

Insights by Region

North America is anticipated to dominate the  Aircraft Arresting System Market from 2023 to 2033. As it has so many military air bases, aircraft carriers, and commercial airports that need effective aircraft recovery systems, the United States in particular plays a major role. Ongoing modernisation initiatives, such as the upgrading and replacement of antiquated arresting systems with cutting-edge technologies like cable-based arrestors and engineered materials arresting systems (EMAS), boost the expansion of the market in the region. Furthermore, a strong aerospace and defence sector and the existence of significant market players encourage innovation and the creation of next-generation technologies. Steep regulatory safety standards and increased investments in airport infrastructure support North America's market position and growth prospects.

Asia Pacific is witnessing the fastest market growth between 2023 to 2033. The demand for sophisticated arresting devices to guarantee aircraft safety during emergency landings and aborted takeoffs is being driven by the region's increasing military prowess. In order to handle the increased air traffic, the region's commercial aviation industry is also flourishing, with many airport expansions and new construction projects under way. Strong safety mechanisms, such as aeroplane arresting technologies, are required due to this expansion. Furthermore, the region's geopolitical tensions promote infrastructure development and defence preparedness. Because of this, industry participants are taking advantage of these openings by providing creative, tailored solutions to satisfy the various requirements of the military and commercial aviation sectors.

Recent Market Developments

• In May 2020, General Atomics and the US Navy have inked a contract to deliver the Ford class with new arresting gear systems and electromagnetic aircraft launch systems. The firm provides state-of-the-art AAG systems to the US Navy.

Major players in the market

• 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)

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2033.

 Aircraft Arresting System Market, Type Analysis

• Mobile Aircraft Arresting System (MAAS)
• Net Barrier
• Cable
• Aircraft Carrier Arresting System
• Engineered Material Arresting System {EMAS}

 Aircraft Arresting System Market, Platform Analysis

• Ship-based
• Ground-based

 Aircraft Arresting System Market, System Analysis

• Portable System
• Fixed System

 Aircraft Arresting System Market, End User Analysis

• Commercial Airport
• Aircraft Carrier
• Military Airbase

Aircraft Arresting System Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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