The Aircraft Arresting System Market was $749.5 Million in 2016 and is projected to reach $1,104.5 Million by 2022, at a CAGR of 6.38% during the forecast period. Factors such as an increase in spending on runway safety and the acquisition of aircraft are expected to drive the market. This report forecasts the aircraft arresting system market and its dynamics over the next five years, also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscapes.
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The major players in the aircraft arresting system market are Zodiac Aerospace (France), Runway Safe (Sweden), and General Atomics (US). Manufacturers mostly adopt new product launches as their key growth strategy. Zodiac Aerospace (France) is the leading company in the market, and caters to both, military and commercial segments. In the commercial segment, it commands over 90% of the total market share.
- Original Equipment Manufacturers (OEMs)
- Regulatory Bodies
- Component Suppliers
- Technology Providers
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