Aircraft Arresting System Market Global Industry By Type, Size, Share, Technology, Key Players
Global aircraft arresting system market is anticipated to register significant growth during the forecast period owing to stringent government regulations relating to aircraft and runway safety and increasing investments for airports modernization and upgradation around the globe. Moreover, technological developments and introduction of advanced arresting gears are expected to further drive the market growth through 2027. Aircraft arresting systems are designed in a way to ensure that aircrafts are able to stop on the runway during the landing roll or after a high speed take off. Additionally, increasing air passenger traffic, rise in procurement of jet aircraft and increasing construction of temporary runways are creating high demand for aircraft arresting systems. However, high cost of development of aircraft arresting system to be deployed in an aircraft are likely to restrain the market growth. Moreover, limited capabilities of arresting gears might ha...