Aircraft Arresting System Market Key Players, Trends, Growth opportunities and Industry Forecast till 2023
“The global aircraft arresting system market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the growing number of aircraft carriers across the globe and the surging customer base�
The global aircraft arresting system market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the growing number of aircraft carriers across the globe and the surging customer base. Key factors responsible for the growth of this market are soaring demand from commercial aviation sector and rapid expansion of the existing airlines fleet size by major a irlines. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of aircraft arresting system. Additionally, civil aviation sector is expected to display substantial growth owing to the high-end manufacturing of next-generation aircraft. However, factors such as rising production cost, unavailability raw materials, and increasing inflation rate, pose vital threat to the growth of aircraft arresting system market. Yet, rapid globalization of industry and substantial investment by OEMs (an original equipment manufacturers) and component & raw material suppliers to improve existing business process and formation of new process across the value chain is anticipated to augment growth of the market in the upcoming years.