Aerospace Industry Today
Aircraft Arresting System Market Share Anticipated to Climb to USD 1404.77 Million by 2030
The Aircraft Arresting System Market Share was valued USD 825 Million in 2023 and is expected to reach USD 1404.77 Million by 2030, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. Most of this development can be credited to the expanding interest in runway security and the implementation of cutting-edge capturing innovations in the military and industrial flying areas.
The Elements of Growth that Drive The Market and The Opportunities
In terms of passenger safety, in particular, there has been a need for stringent measures to be taken worldwide with regards to preventing runway overruns due to the increasing volume of air traffic around the world. Aircraft arresting systems, which are used to slow aircraft in emergencies, have become crucial to airport infrastructure. Further driving demand in the market is the requirement by Federal Aviation Administration (FAA) for the installation of engineered materials arresting systems (EMAS) at airports with inadequate runway safety areas. Novel lightweight arresting system designs with reliable implementations from advanced materials have contributed to efficient and effective performance. Opportunities exist for growth through military fleet modernization and commercial airport expansion, especially in emerging economies.
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Segmentation Analysis
The global aircraft arresting system has been segmented based on system type, platform, and end-user.
On the basis of System type: The market is segmented on fixed and portable systems. Market-leading systems that provide continuous protection from overruns are fixed systems, permanently installed at runways, which are trustworthy and dependable. Method Two: Portable Systems Portable systems can be moved around, so they're used in environments that require a temporary or emergency rescue.
Based on Platform: Ground and Ship based segmentation The ground-based systems are common in commercial and military airbases, and the ship-based system is a necessity for aircraft carriers to ensure a safe landing and take-off on the sea.
by End User: The large end users it is applied on when it comes to commercial airports and military airbases. According to the company, arresting systems are now becoming standard practice at commercial airports to assure runway safety and are being used at all operational military airbases where high-speed fighter jets and other aircraft require advanced systems.
Country-Level Analysis
United States: The U.S. has long been a leader in aviation safety by requiring EMAS to be installed at airports with restricted runway safety areas. Such a regulatory framework has done a great deal to increase the adoption of aircraft arresting systems across the country.
Germany: In recognition of its compliance with international aviation best practice, Germany has taken the initiative to install EMAS in several airports to provide protection against runway overruns.
China: Due to the rapid growth of its aviation industry, China has begun implementing advanced safety systems including EMAS to improve runway safety and address growing air traffic volumes.
India: In line with advancing its defense modernization initiatives, the country is also equipping mobile aircraft arresting systems with the Indian Air Force for enhanced operational safety across different airbases.
Saudi engaged in EMAS at major airports illustrating a desire to modernize aviation and catch up with world anticollision practices.
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Competitive Analysis
Key players operating in the aircraft arresting system market include Atech Inc.; Aries Test Systems and Instrumentation; Curtiss-Wright Corp.; Foster-Miller, Inc.; General Atomics; and Wireco Worldgroup.
Curtiss-Wright Corp. has recently introduced advanced arresting gear systems designed for next-generation aircraft carriers, enhancing operational efficiency and safety.
General Atomics is offering high-performance, reliable alternatives to traditional steam catapults through its innovative electromagnetic aircraft launch systems.
Rapidly changing military air operation requirements have resulted in a new generation of mobile aircraft arresting systems being added to the Foster-Miller, Inc. product line.
Modern high-speed aircraft come with a slew of unexpected stresses, and to combat these challenges for durability safety, Wireco Worldgroup has developed high-strength arresting cables.
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Conclusion
Aircraft arresting system market is expected to boom globally with a focus on runway safety, advancement of technology, and huge investment in aviation infrastructure around the globe. With the predicted increase in air traffic, new-generation arresting systems will be integral to the safe and efficient operation of military and commercial flights around the globe.
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