How big is the Aircraft Arresting System Market?

The Aircraft Arresting System Market size is expected to reach USD 0.92 billion in 2024 and grow at a CAGR of 7.36% to reach USD 1.31 billion by 2029. Read More

What is the current Aircraft Arresting System Market size?

In 2024, the Aircraft Arresting System Market size is expected to reach USD 0.92 billion. Read More

Who are the key players in Aircraft Arresting System Market?

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

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). Read More

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. Read More

What years does this Aircraft Arresting System Market cover, and what was the market size in 2023?

In 2023, the Aircraft Arresting System Market size was estimated at USD 0.85 billion. 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. Read More

Aircraft Arresting System Market Share

Statistics for the 2023 & 2024 Aircraft Arresting System market share, created by Mordor Intelligence™ Industry Reports. Aircraft Arresting System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Aircraft Arresting System Industry

The aircraft arresting system market is semi-consolidated. The prominent players are General Atomics, Safran SA, QinetiQ Group, Sojitz Aerospace Corporation, and MacTaggart, Scott, and Company Limited.

MacTaggart, Scott and Company Limited, 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. The companies are anticipated to capture additional market opportunities by increasing their geographical presence. Additionally, the development of new aircraft arresting systems that can reduce the number of operators and maintenance hours by improving reliability and effectiveness is expected to capture the attention of the military and commercial operators.