Market Trends of Aircraft Arresting System Industry
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 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.
Airports in Europe are increasingly modernizing, a process that frequently involves installing or upgrading arresting systems. This is not just to meet updated safety regulations but also to cater to the needs of larger aircraft. In Europe, where safety is paramount, airports are mandated to have arresting systems, the requirements of which are determined by factors like runway lengths and the types of aircraft they cater to.
Furthermore, airlines are increasingly focusing on operational efficiency. This emphasis has led to adopting solutions like EMALS, which not only allow for shorter runways but also ensure faster deceleration, propelling the aircraft arresting system market forward. The construction of new airports is further expected to boost the market's growth during the forecast period.
North America to Dominate Market Share During the Forecast Period
North America held the largest market share in the aircraft arresting system market. In August 2022, the US Navy and DoD awarded General Atomics an aircraft arresting system development contract worth USD 8.8 million for 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 system's total cost is estimated at USD 1.3 billion for one unit. The system is 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 daily, reducing the demand for energy-intensive desalination.
The Federal Aviation Administration (FAA) and other regulatory bodies enforce stringent safety protocols, making installing arresting systems a prerequisite for airports, contingent on factors like runway length and aircraft profiles.
As a nucleus for aerospace and defense, North America nurtures a culture of innovation, especially in Aircraft Arresting Systems (AAS). Leading firms such as T&W Fire, Wire Rope Industries, and A-Tech Inc. are spearheading the development of cutting-edge solutions, including EMAS (Engineered Material Arresting System) and mobile arresting systems (MAAS).
