Aircraft Arresting System Market worth 8.3% CAGR by 2027
" COVID-19 Impact Aircraft Arresting System Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Aircraft arresting systems are used to ensure that an aircraft is stopped on the runway during the landing roll or after a high-speed aborted takeoff. Aircraft arresting systems include engaging devices such as net barriers, cable support, disc-supported pendants, and energy absorbers. Aircraft arresting systems are positioned close to the safety area or overrun on the runway.
The key significant factors likely to contribute in the aircraft arresting system market are rapid globalization of industry and considerable investments by OEMs (original equipment manufacturers) and component & raw material suppliers to stimulate the current business process and formation of new processes among the value chain is anticipated to enhance the market growth over the coming years. In addition, the rise in territorial disputes around the world among various countries is resulting in the development of tactical infrastructures, which is further leading to the growth of the aircraft arresting system market.
Request for sample copy of the report @ https://www.infoholicresearch.com/request-a-sample-report/?repid=14741
Furthermore, factors such as escalating demand for aircraft arresting systems on naval carriers, specifically in a military base, need for low workforce, restricted land utilization, and rising use of arresting gears in unmanned aerial vehicles (UAVs) are likely to create lucrative opportunities for the market growth.
The Aircraft Arresting System Market research report titled “Aircraft Arresting System Market, Based On Type, End-Use, Platform, and Geography–Global Forecast up to 2027.”
Victor Balata Belting Company, Aries Test Systems, and Instrumentation, Escribano Mechanical & Engineering, Aries Test Systems and Instrumentation, Zodiac Aerospace are the few notable aircraft arresting system market companies.
North America has exhibited a significant share in the market due to the increase in the implementation of the latest technologies in the aviation sector, a growing number of research & development activities, and well-developed industrial infrastructure in the region.
Access full report summary @ https://www.infoholicresearch.com/report/aircraft-arresting-system-market/
The report consists of 94 Tables and 64 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Aircraft Arresting System Market, By Type
- Net Barrier
- Mobile Aircraft Arresting System (MAAS)
- Engineered Material Arresting System (EMAS)
- Aircraft Carrier Arresting System
Aircraft Arresting System Market, By End-Use
- Commercial Airport
- Military Airbase
- Aircraft Carrier
Aircraft Arresting System Market, By Platform
Aircraft Arresting System Market, By Geography
- North America
- Asia Pacific
- Rest of the World