Aircraft Arresting System Market Size
| 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.
Aircraft Arresting System Market Trends
This section covers the major market trends shaping the Aircraft Arresting System Market according to our research experts:
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 EMALS technology in the airports. Construction of new airports is further expected to boost the growth of the market during the forecast period.
The Asia-Pacific Region to Experience the Highest Growth During the Forecast Period
As of December 2021, North America held the largest market share in the aircraft arresting system market. In August 2022, US Navy and DoD awarded, General Atomics, an aircraft arresting system development contract worth USD 8.8 million, for the future French aircraft carriers. The order includes two or three EMALS launch motor subsystems, two energy storage groups, a three wire, and six energy absorber AAG subsystems. The work is expected to be completed by June 2023, while the total cost of the system is estimated at USD 1.3 billion for one unit. The system is being claimed to require fewer people to operate than traditional systems and has a lower maintenance cost. The system also reduces water consumption by 37,000 gallons per day, reducing the demand for energy-intensive desalination.
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 airport infrastructure in China, India, Japan, South Korea, Thailand, and Indonesia.
India is planning to commission its first indigenously designed and built aircraft carrier by September 2022. The ship was handed over to the Indian Navy in July, 2022, and it is still actively looking for 30 fighter aircraft to operate from its carrier deck. Further, Indian Navy, also declined installing the EMALS system on the second indigeneous aircraft carrier in December 2021, sighting the high cost of single system, and the system being untested for operating from conventionally powered aircraft carriers, as well as for smaller weight-class of aircraft carriers, which Indian aircraft carriers belong to (below 65,000 tons).
Aircraft Arresting System Industry Overview
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.
Aircraft Arresting System Market Leaders
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General Atomics
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Safran SA
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MacTaggart, Scott and Company Limited
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Sojitz Aerospace Corporation
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QinetiQ Group plc
*Disclaimer: Major Players sorted in no particular order
Aircraft Arresting System Market News
- In July 2022, 435th Contingency Response Support Squadron air advisors worked alongside the Romanian air force while leading a training on the Barrier Arresting Kit 12 at Fetesti Air Base, Romania. The BAK-12 aircraft arresting system is used by both the US and Romania to decelerate landing fighter aircraft in emergencies.
- In April 2022, Anderson Air Force Base, replaced its aircraft arresting system, after the system went through its total life of 10 years. The BAK-12 is an Aircraft Arresting System that acts as a mechanical barrier capable of rapidly decelerating a landing aircraft. The BAK-12 is capable of withstanding 180 knots of force, or 207 miles per hour. The air force base has four permanently installed BAK-12s; two on each runway. The base is also equipped with a Mobile Aircraft Arresting System - BAK-12, that is used on its Northwest Field.
Aircraft Arresting System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Platform
5.1.1 Sea-based
5.1.2 Land-based
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 General Atomics
6.2.2 Safran SA
6.2.3 SCAMA AB
6.2.4 ATECH Inc.
6.2.5 QinetiQ Group PLC
6.2.6 Curtiss-Wright Corp.
6.2.7 Sojitz Aerospace Corporation
6.2.8 MBA Argentina SA
6.2.9 MacTaggart, Scott and Company Limited
6.2.10 A-laskuvarjo
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aircraft Arresting System Industry Segmentation
An 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 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 the aircraft carriers. The land-based platform includes the aircraft arresting systems used in commercial airports and military bases.
The report also covers the market sizes and forecasts across major regions. For each segment, the market sizing and forecasts are done based on value (USD million).
| Platform | |
| Sea-based | |
| Land-based |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Rest of the World |
Aircraft Arresting System Market Research FAQs
What is the current Aircraft Arresting System Market size?
The Aircraft Arresting System Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Aircraft Arresting System Market?
General Atomics, Safran SA, MacTaggart, Scott and Company Limited, Sojitz Aerospace Corporation and QinetiQ Group plc are the major companies operating in the Aircraft Arresting System Market.
Which is the fastest growing region in Aircraft Arresting System Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Arresting System Market?
In 2024, the North America accounts for the largest market share in Aircraft Arresting System Market.
What years does this Aircraft Arresting System Market cover?
The report covers the Aircraft Arresting System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Arresting System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Arresting Systems Industry Report
Statistics for the 2024 Aircraft Arresting Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Arresting Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
