Engineered Material Arresting System Market Overview
As per MRFR analysis, the Engineered Material Arresting System Market Size was estimated at 191.42 (USD Billion) in 2022. The Engineered Material Arresting System Market is expected to grow from 203.98 (USD Billion) in 2023 to 361.2 (USD Billion) by 2032. The Engineered Material Arresting System Market CAGR (growth rate) is expected to be around 6.56% during the forecast period (2024 - 2032).
Key Engineered Material Arresting System Market Trends Highlighted
The global Engineered Material Arresting System (EMAS) market is poised for significant growth due to rising safety concerns in the aerospace and defense industries. EMAS is a crucial system utilized to arrest aircraft during emergency landings, preventing catastrophic accidents and safeguarding lives.Key market drivers include stringent aviation safety regulations, increasing air traffic density, and the development of advanced aircraft with higher landing speeds.Opportunities within the EMAS market stem from technological advancements, such as the integration of sensors and data analytics, enhancing system performance and reducing maintenance costs.Additionally, the growing demand for EMAS in military applications, particularly in unmanned aerial vehicles (UAVs), presents a lucrative opportunity for market players.
Recent trends in the EMAS market include the adoption of lightweight materials to optimize aircraft performance and fuel efficiency.Moreover, the emergence of innovative EMAS designs, such as deformable and hybrid systems, aimed at improving energy absorption and safety, is gaining traction. These advancements are expected to drive market growth and cater to the evolving needs of the aviation and defense sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Engineered Material Arresting System Market Drivers
Growing Demand for Enhanced Safety in Critical Infrastructure
The Engineered Material Arresting System is largely on an upwards trajectory due to the growing need to secure critical infrastructure, such as airports, power plants or government buildings.EMAS is an efficient and reliable method for stopping an aircraft from overrunning a runway or veering off course, it is offering robust solutions for a range of potential hazards a runway can present.Infrastructure operators can therefore vastly reduce the risk of property damage or loss of life due to runway events, enabling the public to have widespread access to vital services with minimal to no disruption. As such, the demand from EMAS is expected to grow even further in the years to come.
Technological Advancements and Innovation
The Engineered Material Arresting System Market is experiencing significant growth due to ongoing technological advancements and innovation.The development of new materials and manufacturing techniques has led to the creation of EMAS systems that are more effective, durable, and cost-efficient.These advancements have opened up new opportunities for the application of EMAS in various settings, including military airfields, commercial airports, and even high-speed rail lines.The continuous research and development efforts in this field are expected to further enhance the capabilities of EMAS and drive its adoption in the future.
Increasing Adoption in Emerging Markets
The Engineered Material Arresting System Market is experiencing a new window of opportunity, given the rising focus on infrastructure development in emerging markets.The expansion and modernization of the transportation network in emerging countries necessitate adequate systems to ward off the possible risks emerging from increased air traffic.In this context, EMAS is recognized as an affordable and efficient solution for airports and other types of critical infrastructure in emerging markets.The growth of investment in infrastructure development in emerging markets is expected to continue to drive the growth and expansion of the EMAS market in the years to come.
Engineered Material Arresting System Market Segment Insights
Engineered Material Arresting System Market Type Insights
The Engineered Material Arresting System market is segmented based on type into Magnesium-based, Polymer-based, Ceramic-based, and Metal-based.Among these, the Magnesium-based segment is estimated to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. This growth is attributed to magnesium's lightweight, high strength-to-weight ratio, and ability to absorb and dissipate energy effectively. The Polymer-based segment is expected to witness significant growth during the forecast period due to the increasing demand for lightweight and cost-effective materials in various applications. Polymer-based Engineered Material Arresting Systems offer advantages such as corrosion resistance, flexibility, and ease of fabrication, making them suitable for use in a wide range of industries, including automotive, aerospace, and construction.
The Ceramic-based segment is gaining traction due to the exceptional thermal and mechanical properties of ceramics. Ceramic-based Engineered Material Arresting Systems are highly resistant to wear, corrosion, and extreme temperatures, making them ideal for applications in harsh environments.The growing demand for these systems in industries such as energy, mining, and defense is expected to drive segment growth.The Metal-based segment is expected to maintain a steady growth rate during the forecast period. Metal-based Engineered Material Arresting Systems offer high strength, durability, and resistance to impact and vibration. These systems are commonly used in heavy-duty applications such as construction, transportation, and manufacturing.Overall, the growth of the Engineered Material Arresting System market is driven by increasing demand from various end-use industries, including automotive, aerospace, construction, energy, and manufacturing. The rising need for lightweight, energy-efficient, and durable materials is expected to further fuel market expansion in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Engineered Material Arresting System Market Application Insights
The application segment is one of the key factors that determine the Engineered Material Arresting System Market as a whole. Thus, the Aircraft Aerospace sector outperforms the other applications, gaining a significant share in 2023.Over the forecast period, it is anticipated to retain its lead costing the most. The increasing demand for durable and lightweight materials in aircraft production positively affects the target application’s performance.As for the Automotive Transportation segment, it also demonstrates a high CAGR due to the surging safety regulations and the expanding market of electric cars.The growth rate of the Defense Military application is not as impressive, but it is relatively stable due to the necessity of advanced arresting systems in military planes and ground vehicles.Finally, despite a low market share, the Medical Healthcare segment is one of the most promising ones, with a high growth rate in the future.
Engineered Material Arresting System Market End-Use Industry Insights
The Engineered Material Arresting System Market is segmented by End-Use Industry into Civil Aviation, Military Aviation, Automotive, Manufacturing, and Healthcare. The Civil Aviation segment held the largest market share in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2032.The growth of this segment is attributed to the increasing demand for air travel, which is driving the need for improved safety measures. The Military Aviation segment was the second largest segment in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2032.
The growth of this segment is attributed to the increasing defense spending by governments around the world. The Automotive segment is expected to be the third largest segment in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2032.The growth of this segment is attributed to the increasing production of vehicles, which is driving the need for improved safety features. The Manufacturing segment was the fourth largest segment in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2032.
The growth of this segment is attributed to the increasing demand for engineered materials in various industries.The Healthcare segment was the smallest segment in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2032. The growth of this segment is attributed to the increasing demand for engineered materials in medical devices and implants.
Engineered Material Arresting System Market Regional Insights
The Engineered Material Arresting System Market is segmented by region into North America, Europe, APAC, South America, and MEA.North America is the largest regional segment, accounting for over 35% of the Engineered Material Arresting System Market revenue in 2023. The region is home to a number of major economies, including the United States and Canada, which are significant consumers of engineered material arresting systems.Europe is the second largest regional segment, with a market share of over 30%. The region is home to a number of countries with developed economies, such as Germany, France, and the United Kingdom, which are also major consumers of engineered material arresting systems.
APAC is the third largest regional segment, with a market share of over 20%. The region is home to a number of emerging economies, such as China and India, which are rapidly increasing their consumption of engineered material arresting systems.South America and MEA are the smallest regional segments, with market shares of less than 10%. However, these regions are expected to experience significant growth in the coming years, due to increasing demand for engineered material arresting systems in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Engineered Material Arresting System Market Key Players and Competitive Insights
Major players in Engineered Material Arresting System Market are continuously involved in strategic collaborations and partnerships to strengthen their market position and expand their reach.Leading Engineered Material Arresting System Market players are focused on developing innovative products and solutions to meet the evolving needs of the market.The Engineered Material Arresting System Market development is also driven by increasing emphasis on safety regulations and standards in various industries.One of the leading Engineered Material Arresting System Market players is Honeywell International, an American multinational conglomerate corporation. The company is a global leader in aerospace, building technologies, and performance materials.Honeywell's Engineered Material Arresting Systems division offers a range of products and solutions for various industries, including commercial aerospace, defense, and energy.
The company has a strong focus on innovation and research and development, and it continuously invests in developing new technologies and solutions to meet the demands of the market.A key competitor in the Engineered Material Arresting System Market is Eaton, an American industrial conglomerate incorporated in Ireland. The company offers a wide range of electrical, hydraulic, and mechanical products and services for various industries.Eaton's Engineered Material Arresting Systems division provides a comprehensive portfolio of products and solutions for commercial and military applications. The company has a strong global presence and a reputation for providing high-quality products and services.Eaton is committed to continuous improvement and innovation, and it works closely with its customers to develop solutions that meet their specific needs.
Key Companies in the Engineered Material Arresting System Market Include
- Bombardier
- Woodward
- Boeing
- Embraer
- Textron
- Eaton
- Safran
- Mitsubishi Heavy Industries
- GKN Aerospace
- Meggitt
- Collins Aerospace
- Kawasaki Heavy Industries
- Airbus
- Lockheed Martin
- Northrop Grumman
Engineered Material Arresting System Market Developments
The increasing demand for lightweight materials in the automotive and aerospace industries is a major factor driving market growth.Additionally, rising government regulations on vehicle safety and fuel efficiency are further propelling market expansion.Key industry participants include 3M, DuPont, and SABIC. Recent developments in the market include the launch of new products with improved performance and durability, as well as strategic collaborations and acquisitions to enhance market presence.
Engineered Material Arresting System Market Segmentation Insights
-
Engineered Material Arresting System Market Type Outlook
- Magnesium-based
- Polymer-based
- Ceramic-based
- Metal-based
-
Engineered Material Arresting System Market Application Outlook
- Aircraft Aerospace
- Automotive Transportation
- Defense Military
- Medical Healthcare
-
Engineered Material Arresting System Market End-Use Industry Outlook
- Civil Aviation
- Military Aviation
- Automotive
- Manufacturing
- Healthcare
-
Engineered Material Arresting System Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
191.42(USD Billion) |
| Market Size 2023 |
203.98(USD Billion) |
| Market Size 2032 |
361.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.56% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Bombardier, Woodward, Boeing, Embraer, Textron, Eaton, Safran, Mitsubishi Heavy Industries, GKN Aerospace, Meggitt, Collins Aerospace, Kawasaki Heavy Industries, Airbus, Lockheed Martin, Northrop Grumman |
| Segments Covered |
Type, Application, End-Use Industry, Regional |
| Key Market Opportunities |
Defense sector expansion Infrastructure development Advancements in material science Government initiatives Rising demand for safety systems |
| Key Market Dynamics |
Increasing demand for lightweight materials Rising fuel prices Stringent government regulations Advancements in material science Growing aerospace and automotive industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Engineered Material Arresting System Market is expected to reach a valuation of 203.98 billion USD by 2023, with a projected CAGR of 6.56% between 2023 and 2032, leading to an estimated valuation of 361.2 billion USD by 2032.
The Asia-Pacific region currently dominates the Engineered Material Arresting System Market, accounting for a significant portion of the global market share. This dominance is primarily attributed to the region's rapid urbanization, growing population, and increasing infrastructure development.
Several factors contribute to the growth of the Engineered Material Arresting System Market. These include rising concerns over safety and security, increasing demand for efficient and reliable arresting systems, advancements in material technology, and growing awareness of the benefits of engineered materials in arresting systems.
The Engineered Material Arresting System Market finds applications in various industries, with the aerospace and defense sector being the most significant contributor. Other notable applications include automotive, transportation, sports and recreation.
The Engineered Material Arresting System Market is characterized by the presence of both established players and emerging companies. Some of the key competitors include Honeywell International Inc., Eaton Corporation plc, Meggitt PLC, Curtiss-Wright Corporation, and Saab AB.
The Engineered Material Arresting System Market is witnessing the emergence of several trends, such as the adoption of lightweight and composite materials, the integration of advanced technologies like sensors and IoT, and the growing emphasis on sustainability and eco-friendly solutions.
The Engineered Material Arresting System Market is not without its challenges. Some of the key challenges include stringent regulatory requirements, the high cost of raw materials, and intense competition from alternative technologies.
The Engineered Material Arresting System Market is projected to grow at a steady pace, with a CAGR of 6.56% between 2023 and 2032. This growth is attributed to increasing demand, technological advancements, and expanding applications in various industries.
The Engineered Material Arresting System Market presents several opportunities for growth. These include the development of innovative materials, the adoption of digital technologies, the expansion into emerging markets, and the growing focus on safety and security.
The Engineered Material Arresting System Market is expected to witness continued growth in the coming years. Key trends such as automation, miniaturization, and the integration of advanced materials and technologies are likely to shape the future of this market.
