Aircraft Arresting System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aircraft Arresting System Market is Segmented by Platform (Sea-based and Land-based) and Geography.

Market Snapshot

business jet ground handling services market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5 %

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Market Overview

The aircraft arresting system market is estimated to register a CAGR of over 5% during the forecast period, 2020-2025.

  • For the safe landing of the aircraft on the runway of land-based and sea-based platforms is one of the major demand generating factor for the aircraft arresting systems.
  • The modernization of the commercial airports with the new engineered materials arresting systems (EMAS) to enhance the safety of the runway is another factor boosting the growth of the market during the forecast period.
  • Investments by the governments and companies for the development of new arresting gears on aircraft carriers are expected to create new market opportunities for the prominent players during the forecast period.

Scope of the Report

Aircraft arresting system refers to all those components, which are used to typically stop an aircraft by absorbing the momentum of an aircraft during a normal landing or an emergency landing or during an aborted takeoff. The study includes an analysis of arresting systems used on sea-based and land-based platforms.

  • The sea-based platform includes the aircraft arresting systems used on aircraft carrier.
  • The land-based platform includes the aircraft arresting systems used in commercial airports and military bases.
Platform
Sea-based
Land-based
Geography
North America
Asia-Pacific
Europe
Rest of the World

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Key Market Trends

The Land-based Segment to Experience the Highest Growth During the Forecast Period

The land-based segment of the market is expected to register the highest CAGR during the forecast period. This growth is mainly due to the use of new engineered materials arresting systems (EMAS) in the land-based platforms, like airports and military bases, to enhance the safety of the runway by the use of a series of crushable blocks to slow the speed of an aircraft during an emergency overrun. DeKalb Peachtree Airport and Yeager Airport are two airports in the United States that have recently installed the EMAS technology in the airports. Construction of new airports is further expected to boost the growth of the market during the forecast period.

Aircraft Arresting System_segment

The Asia-Pacific Region to Experience the Highest Growth During the Forecast Period

As of December 2018, North America held a major share in the aircraft arresting system market. The United States has plans to replace its outdated aircraft arresting systems in its aircraft carriers with new ones in the next few years. In 2017, the USAF (the United States Air Force) phased out its BAK-14 hook cable support system and replaced it with the new BAK-14M cable support system for aircraft arresting. Moreover, according to the USAF, the retract feature of the BAK-14M allows the hook cable to remain connected to the arresting system and can also be quickly lowered below the runway surface whenever civil flight operations take place. However, the Asia-Pacific region is anticipated to have the highest growth during the forecast period. The growth is majorly due to the increasing aircraft carrier construction and procurement plans, as well as due to the increasing investments in construction and modernization of the airports in China, India, Japan, South Korea, Thailand, and Indonesia. China is currently building its first indigenous aircraft carrier, which was a modified version of the Liaoning and is expected to enter into service by end of 2019. Similarly, Japan announced its plans to convert its Izumo-class helicopter destroyers into aircraft carriers. The presence of territorial disputes in the East China Sea and the South China Sea has driven regional navies to upgrade their aircraft carrier capabilities, which in turn, is expected to generate the demand for aircraft arresting systems on these carriers.

Aircraft Arresting System_geography

Competitive Landscape

The prominent players in the aircraft arresting system market are General Atomics, Safran SA, QinetiQ Group PLC, and Sojitz Aerospace Corporation. MacTaggart Scott, a Scottish-based company is one of the prominent players in the market that has provided arrester gear to Naval Aircraft Carriers of the United Kingdom, France, Netherlands, Canada, India, Australia, Argentina, and Brazilian Navies. By increasing the geographical presence, the companies are anticipated to capture additional market opportunities. Additionally, the development of new aircraft arresting systems that can reduce the number of operators, maintenance hours, by improving the reliability and effectiveness, are expected to capture the attention of the military and commercial operators.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Platform

      1. 5.1.1 Sea-based

      2. 5.1.2 Land-based

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Asia-Pacific

      3. 5.2.3 Europe

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 General Atomics

      2. 6.2.2 Safran SA

      3. 6.2.3 SCAMA AB

      4. 6.2.4 ATECH Inc.

      5. 6.2.5 QinetiQ Group PLC

      6. 6.2.6 Curtiss-Wright Corp.

      7. 6.2.7 Sojitz Aerospace Corporation

      8. 6.2.8 MBA Argentina SA

      9. 6.2.9 MacTaggart, Scott and Company Limited

      10. 6.2.10 A-laskuvarjo

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Arresting System Market market is studied from 2018 - 2026.

The Aircraft Arresting System Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

General Atomics, Safran SA, MacTaggart, Scott and Company Limited, Sojitz Aerospace Corporation, QinetiQ Group plc are the major companies operating in Aircraft Arresting System Market.

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