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Rising Spending On The Improvement Of Airports And Increasing Safety Measures Is Expected To Drive The Arrestor Cable Market

Arrestor Cables Market :Overview

In 2020, the overall sales of the arrestor cables witnessed a massive decline due to the Covid-19 crisis as lockdown was implemented and all the factorial units were closed which led the manufacturing companies to face immense losses. Now in 2021, the global manufacturers are giving entire focus on improving their sales and profitability through product innovations and upgrades.

Leading corporations including WireCo WorldGroup, Samson Rope Technologies, Curtiss-Wright Corp., Foster-Miller, Inc., Boeing, Atech Inc., General Atomics, MacTaggart, Scott and Company Limited, Kastalon Inc., TEKJET A.S., SCAMA AB and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for arrestor cables with largest market share.

For instance, Samson Rope announced its new cross industry coalition to introduce a new range of products made with Dyneema®. This will show improvement in sustainable business operations and a healthy relationship with partners and suppliers. The CirculariTeam® platform is formed to exchange knowledge, resources and technical solutions for re-use, repurposing and recycling HMPE products. Samson, with this coalition, aims at creating a brighter and profitable future within the markets it serves. Enabling growth and development that benefits both businesses and society is one of the main thoughts behind the coalition.

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In Terms of growth, North America holds the largest share in the global arrestor cables market owing to the new regulations in the aviation industry. Asia Pacific region is projected to grow prominently and show a high growth rate because of the prevalence of new government projects, increasing disposable income and emergence of new players. All the other key regions are driving the market growth and opening various opportunities for manufacturers.

Arrestor Cables Market: Introduction

Arrestor cable is a type of aircraft arresting system which is engaged by the incoming aircraft arresting gear hook to rapidly decelerate the aircraft. The arrestor cable is a part of arresting gear which is composed of cross deck pendants, purchase cables, sheaves and arresting engines. Arrestor cable system was first invented by Hugh Robinson and was first used in the armored cruiser USS Pennsylvania in 1911.

Arrestor Cable is mainly used in the aircraft carriers, military airbases and civil/military joint-use commercial airports. Arrestor cables are mainly made of steel due to its high design life, resistance to spilled fuel, solvents, lubricants and hydraulic fluid, and its resistance to sharp edged shearing.

Arrestor Cables Market: Dynamics

One of the major factor driving Arrestor Cable market is the increasing use of arresting systems for naval carriers to prevent aircraft overruns. In addition, there is an increasing need for tactical infrastructure like aircraft careers and military airbases due to increasing territorial disputes across the globe which has led to increasing demand for arrestor cable systems.

One of the main factors restraining the development of the Arrestor Cables industry is high costs for development of arresting systems used in aircraft carriers. Another major restraining factor is the operational concerns of commercial airlines regarding use of aircraft arresting systems in joint military/commercial airbases.

The most significant opportunity for the arrestor cable market is the increasing use of arresting gears in unmanned aerial vehicles. The need for low land utilization for airbases and requirement for low manpower is another significant opportunity.

The need for advancements in arresting gear system technologies is a major trend in the market. For instance, there is already a patent for hybrid-type arresting cable with a composite (Kevlar or Nylon) core and a steel outer wrap. Rising capitalizations of airport investments due to growing population is another major trend driving the arrestor cable market.

The Covid-19 pandemic has shaken down the worldwide economy manufacturing sector of both emerging an advanced economies alike. Whereas the impact of the pandemic on the defense contractors will not be significant in short to medium term as they are better positioned.

Production may slow down of defense equipment’s in short term but the demand over the next two years is unlikely to be affected since budgets for defense projects had been allocated prior to the pandemic and the projects are critical to national defense. Likewise the demand of arrestor cables for arresting systems is unlikely to be impacted by the pandemic.

Arrestor Cables Market: Regional Outlook

North America is anticipated to lead the aircraft arresting system market during the forecast period. In US, Federal Aviation Administration has made mandatory to install EMAS for airports with inadequate runway safety length (less than 1,000 feet) in order to prevent aircraft overrunning runways.

Countries like Germany and China has also started installing EMAS at airports as part of runway safety measures. The rising spending on the improvement of airports and increasing safety measures especially, runway safety, is expected to drive the arrestor cable market. Globally more than 400 joint and commercial airports are already using arrestor cable systems and it is expected to rise seeing the increasing safety concerns among the operators.

Arrestor Cables Market: Key Participants

Some of the market participants in the global Arrestor Cables market, identified across the value chain include:

  • WireCo WorldGroup
  • Samson Rope Technologies
  • Curtiss-Wright Corp.
  • Foster-Miller, Inc.
  • Boeing
  • Atech Inc.
  • General Atomics
  • MacTaggart, Scott and Company Limited
  • Kastalon Inc.
  • TEKJET A.S.
  • SCAMA AB

Arrestor Cables Market: Segmentation

The global Arrestor Cables market can be segmented on the basis of type, system, platform, and end-use.

On the basis of type, the global Arrestor Cables market is segmented as:

  • Hook Cable
  • Purchase Cables

On the basis of system, the global Arrestor Cables market is segmented as:

  • Ground-Based
  • Ship-Based

On the basis of platform, the global Arrestor Cables market is segmented as:

  • Fixed
  • Portable

On the basis of end-use, the global Arrestor Cables market is segmented as:

  • Commercial Airport
  • Aircraft Carrier
  • Military Airbase

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