AUG09,2022/IndustryNewsGlobal/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Arresting System Market.
Aircraft arresting system market is likely to witness an impressive CAGR of 8.2% during the forecast period.
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Based on the type, the market is segmented as net barrier, cable, mobile aircraft arresting system (MAAS), engineered materials arresting system (EMAS), and aircraft carrier arresting system. The engineered materials arresting system (EMAS) segment is estimated to register the highest growth in the coming five years; while, the cable segment is expected to remain dominant during the forecast period, owing to the contributing factors such as mandatory installation of EMAS at airports having runway safety length less than 1,000 feet and the increasing expenditure on runway safety measures, which in turn, are expected to bolster the growth of the market.
By End-User Type
Based on the end-user type, the market is segmented as commercial airport, aircraft carrier, and military airbase. The military airbase segment is anticipated to lead the market during the forecast period driven by the rise in procurement of jet aircraft and the building of temporary runways.
By System Type
Based on the system type, the market is segmented as fixed and portable. The fixed system segment was estimated to account for a share of 87.4% of the market in 2018.
By Platform Type
Based on the platform type, the market is segmented as ground-based and ship-based. The ship-based segment is projected to witness a higher growth during the forecast period. The growth of this segment is owing to an upsurge in the number of aircraft carriers globally and replacement of traditional systems with ship-based aircraft arresting systems.
In terms of regions, North America dominated the aircraft arresting system market in 2018, followed by Europe and Asia Pacific, respectively. North America is anticipated to sustain its dominance during the forecast period.
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