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Aircraft Arresting System - Global Market Trajectory & Analytics

  • ID: 4804460
  • Report
  • April 2021
  • Region: Global
  • 380 pages
  • Global Industry Analysts, Inc
Global Aircraft Arresting System Market to Reach $1.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Arresting System estimated at US$890.7 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Net Barrier, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$199.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cable segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $241.4 Million, While China is Forecast to Grow at 7.9% CAGR

The Aircraft Arresting System market in the U.S. is estimated at US$241.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$261.9 Million by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

MAAS Segment to Record 5.4% CAGR

In the global MAAS segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$120.6 Million in the year 2020 will reach a projected size of US$169.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$170.1 Million by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 44 Featured):
  • A-Laskuvarjo
  • Aries S.A.
  • ATECH Inc.
  • Bney Meir Ltd.
  • Curtiss-Wright Corporation
  • ESCRIBANO Mechanical and Engineering
  • General Atomics
  • QinetiQ North America
  • Scama AB
  • Wire Rope Industries
  • Wireco WorldGroup
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Arresting System: An Overview
  • Ship-based Segment to be the Largest as well as Fastest Growing, by Platform
  • A Burgeoning Growth for Engineered Material Arresting System (EMAS) Segment
  • Commercial Airport Segment: Leading the Market in terms of Growth, by End-Use
  • North America: Dominating the Aircraft Arresting System Market
  • Asia-Pacific Market to Witness Fastest Growth
  • Impact of Covid-19 and a Looming Global Recession
  • Rising Installations of Engineered Material Arresting System (EMAS) in Airports Propels the Market for Aircraft Arresting System
  • Increase in Usage of Arresting Systems for Naval Carriers Bodes Well for the Market
  • Apprehensions on Using Aircraft Arresting Systems in Commercial Aircraft Limits Market Expansion
  • Requirement for Limited Land Utilization and Less Manpower Provide Market Opportunity
  • Rising Use of Arresting Gears in UAVs Supports Future Market Growth
  • High Costs Associated in Developing Arresting Systems for Use in Aircraft Carriers Hampers the Market Growth
  • Development of Circular Runway to Impact the Market Positively
  • Adoption of Green Runway and Taxiing Technologies to Boost Market Growth
  • PRODUCT OVERVIEW
  • Aircraft Arresting System: An Introduction
  • Arresting Gear: An Insight
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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