Zodiac Aerospace (France) and Runway Safe (Sweden) are the Leading Players in the Aircraft Arresting System Market
The aircraft arresting system market is projected to grow from an estimated USD 810.6 Million in 2017 to USD 1,104.5 Million in 2022, at a CAGR of 6.38% during the forecast period. The aircraft arresting system market is diversified and competitive with a large number of players. Factors such as increasing expenditure on airport improvement programs, especially runway safety, upgradation and procurement of aircraft carriers, and the requirement of temporary runways are expected to drive the aircraft arresting system market.
Companies dealing in military aircraft arresting gears rely upon long term contracts with defense forces. Their core competency is their widespread geographical presence. Zodiac Aerospace (France) acquired ESCO (US) in 2002 which led to its leading position in the EMAS market for commercial airports. Runway Safe has developed another EMAS which is made of silica foam and has greater longevity than Zodiac’s EMAS.
The key players in the aircraft arresting system market have been identified through the annual market revenue generated by these companies from various business segments, and from the delivery of aircraft arresting systems and their maintenance related services. North America and Europe are the leading markets for aircraft arresting systems.
Zodiac Aerospace (France) and Runway Safe (Sweden) are the leading players in the aircraft arresting system market for commercial airports. Zodiac Aerospace (France) provides arresting systems for both, military and commercial aircraft. It has captured a share of over 90% of the total market in the commercial segment. Acquisition of ESCO (Finland) in 2002 made Zodiac Aerospace (France) the only supplier of EMAS systems to US airports until Runway Safe received a contract from the Chicago Airport for the installation of EMAS. Zodiac Aerospace (France) provides net barriers and retractable hook cables for the military.
Runway Safe provides its patented green EMAS which is made of silica foam and has greater longevity than other engineered material systems that are installed at airports. In the military segment, General Atomics (US, owned by General Dynamics) and SCAMA SE (Sweden) are the market leaders.
Related Reports:
Aircraft Arresting System Market by Type (Net Barrier, Cable, Maas, EMAS, Aircraft Carrier Arresting System), End User (Commercial Airport, Military Airbase, Aircraft Carrier), System (Fixed, Portable), Platform, and Region - Global Forecast to 2022
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
