World News: 14:14 GMT Thursday 6th December 2018. [Technavio Research via Businesswire via SPi World News]
The global aircraft arresting systems market is expected to post a CAGR of close to 7% during the period 2018-2022, according to the latest market research report by Technavio.
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Technavio has released a new market research report on the global aircraft arresting systems market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the global aircraft arresting systems market is the enhanced runway safety standards at the airport. As per FAA regulations. airports must have a minimum of 1.000 feet of extra space at the end of their runways called runway safety areas. EMAS is an arresting system designed to stop an overrunning aircraft by exerting predictable deceleration forces on its landing gear without causing a structural failure to the aircraft. As of July 2018, there were 106 EMAS systems at the runway ends of 63 US airports. Such safety-enhancing initiatives are likely to drive the growth of the global aircraft arresting systems market during the forecast period.
This market research report on the global aircraft arresting systems 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the development of the circular runway concept as one of the key emerging trends in the global aircraft arresting systems market:
Global aircraft arresting systems market: Development of circular runway concept
The current airports operate runways with fixed directions, a limited number of headings are available for take-off and landing, which limits the capacity of the runway in case of adverse weather conditions. A circular runway gives the possibility of always finding at least one point where there is no crosswind and optimizes the selection of an optimum point based on the origin of the landing aircraft or destination when taking off. Therefore, the development of circular runway concept is likely to impact the growth of the market.
“Airport authorities around the world strive to operate and grow in a changing and challenging economic, ecological, technological, and social environment while developing a robust culture of sustainable operations. These efforts are consolidated into an environmental plan covering many initiatives with the aim of reducing the environmental footprint of airport operations, including carbon reduction, energy saving, and air quality and waste management. Thus, the adoption of the green runway and taxiing technologies will impact the market growth,” says a senior analyst at Technavio for research on aerospace.
Global aircraft arresting systems market: Segmentation analysis
This market research report segments the global aircraft arresting systems market by application (military, and commercial and civil) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of over 42%, followed by EMEA and APAC respectively. The Americas region is expected to continue to contribute the largest share of the global aircraft arresting systems market during the forecast period.
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Some of the key topics covered in the report include:
Five Forces Analysis
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Business Wire: 14:14 GMT Thursday 6th December 2018
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