Market Size of Aircraft Arresting System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Arresting System Market Analysis
The aircraft arresting system market is estimated to register a CAGR of over 6% during the forecast period, 2022-2027.
The impact of the COVID-19 pandemic was negligible on the demand for aircraft arresting systems. The safe landing of the aircraft on the runway of land-based and sea-based platforms is one of the major demand-generating factors for 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.
