Aircraft Arresting System Market is expected to grow at a CAGR of 8.2% during the next five years, according to a newly added report by Stratview Research. Factors such as a rise in the expenditure on runway safety and the acquisition of aircraft are expected to underpin the global aircraft arresting system market.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other vital details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different types, the cable segment is expected to remain dominant during the forecast period, owing to the contributing factors such as mandatory installation of EMAS at airports having runway safety length less than 1,000 feet and the increasing expenditure on runway safety measures, which in turn, are expected to bolster the growth of the market.
The ship-based segment is projected to register the largest share of the market in the coming five years, in the segment of platform type.
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North America is expected to remain the largest market for aircraft arresting system in the coming five years, according to the analyst. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions about the key manufacturing players Atech Inc., A-Laskuvarjo, Curtiss-Wright Corp., Escribano Mechanical & Engineering S.L., Foster-Miller Inc., General Atomics, Scama Ab, Victor Balata Belting Company, Wire Rope Industries, and Wire Co World Group who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the aircraft arresting system market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Aircraft Arresting System Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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