Market Size of Aircraft Arresting System Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.92 Billion |
Market Size (2029) | USD 1.31 Billion |
CAGR (2024 - 2029) | 7.36 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Aircraft Arresting System Market Analysis
The Aircraft Arresting System Market size is estimated at USD 0.92 billion in 2024, and is expected to reach USD 1.31 billion by 2029, at a CAGR of 7.36% during the forecast period (2024-2029).
The modernization of commercial airports with the new engineered materials arresting systems (EMAS) to enhance the safety of the runway is another factor boosting the market's growth during the forecast period.
One of the major demand-generating factors for aircraft arresting systems is the safe landing of aircraft on the runways of land-based and sea-based platforms. Government and company investments in the development of new arresting gears on aircraft carriers are expected to create new market opportunities for prominent players during the forecast period.
Low-cost aircraft arresting system solutions are a critical opportunity in the aviation industry. Yet, the significant installation costs associated with these systems could improve the market's growth.
Aircraft Arresting System Industry Segmentation
An aircraft arresting system refers to all the components typically used to stop an aircraft by absorbing its momentum during a normal landing, an emergency landing, or an aborted takeoff.
The aircraft arresting system market is segmented by platform and geography. By platform, the market is segmented into sea-based and land-based. The sea-based platform includes the systems used on aircraft carriers, and the land-based platform includes the systems used in commercial airports and military bases. The report also covers the market sizes and forecasts for the aircraft arresting systems market across different regions. For each segment, the market size is provided in terms of value (USD).
Platform | |
Sea-based | |
Land-based |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Aircraft Arresting System Market Size Summary
The aircraft arresting system market is poised for significant growth, driven by the increasing need for safe aircraft landings on both land-based and sea-based platforms. The modernization of commercial airports with engineered materials arresting systems (EMAS) is a key factor propelling market expansion. This technology enhances runway safety by utilizing crushable blocks to slow down aircraft during emergency overruns. The land-based segment is expected to experience the highest growth due to the adoption of EMAS at airports and military bases. Additionally, the construction of new airports is anticipated to further boost market growth. Government and corporate investments in developing new arresting gears for aircraft carriers are also expected to create new opportunities for market players.
North America currently holds the largest market share, with significant contracts awarded for the development of advanced arresting systems, such as the EMALS technology. The Asia-Pacific region is projected to witness the highest growth, fueled by increased aircraft carrier construction and airport infrastructure modernization in countries like China, India, and Japan. Prominent market players, including General Atomics, Safran SA, and QinetiQ Group, are expanding their geographical presence to capture additional market opportunities. The development of new systems that reduce operational and maintenance costs while improving reliability is expected to attract interest from both military and commercial operators.
Aircraft Arresting System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Platform
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2.1.1 Sea-based
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2.1.2 Land-based
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Rest of the World
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Aircraft Arresting System Market Size FAQs
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.
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.