Growth Opportunities for Aircraft Arresting System Market | Global Forecast to 2022 The Aircraft Arresting System Market was $749.5 Million in 2016 and is projected to reach $1,104.5 Million by 2022, at a CAGR of 6.38% during the forecast period. Factors such as an increase in spending on runway safety and the acquisition of aircraft are expected to drive the market. This report forecasts the aircraft arresting system market and its dynamics over the next five years, also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscapes. Download Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22596966 The major players in the aircraft arresting system market are Zodiac Aerospace (France), Runway Safe (Sweden), and General Atomics (US). Manufacturers mostly adopt new product launches as their key growth strategy. Zodiac Aerospace (France) is the leading company in the market, and caters to both, military and commercial segments. In the commercial segment, it commands over 90% of the total market share. Target Audience
Original Equipment Manufacturers (OEMs) Regulatory Bodies Component Suppliers
Military Technology Providers Distributors
The growth of the market can be attributed to various technological developments taking place across the globe, which include the development of advanced arresting gears for Ford-class carriers, and mobile aircraft arresting systems, among others. Based on type, the Engineered Aircraft Arresting System (EMAS) segment is projected to grow at the highest CAGR during the forecast period Increasing investments in runway safety measures and the mandate to install EMAS at airports having runway safety length less than 1,000 feet by the Federal Aviation Administration are expected to boost the aircraft arresting system market. Countries such as Germany and China have also installed arresting systems as part of their runway safety measure programs. Based on end use, the military airbase segment is projected to lead the aircraft arresting system market during the forecast period The military airbase segment is projected to capture the maximum market share during the forecast period. The increase in procurement of fighter jets and need to construct temporary runways are factors expected to lead to the growth of this segment. The North America aircraft arresting system market is expected to grow at the highest CAGR during the forecast period North America is projected to lead the aircraft arresting system market during the forecast period, owing to the mandate of compulsory installation of engineered material arresting systems at commercial airports by the FAA and upgradation programs of aircraft carriers. Replacement of Nimitz class aircraft carriers with Ford class aircraft carriers as part of the upgradation program is expected to drive the demand for arresting systems in aircraft carriers. Don’t miss out on business opportunities in Aircraft Arresting System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: Newsletter@marketsandmarkets.com