Aircraft Anchoring System Market: Dynamics
The global aircraft anchoring system market is predicted to grow at a fast pace as these systems are cost-effective and require low maintenance cost, which will positively impact the overall growth of the market. Aircraft anchoring systems have very less moving parts and hence, they are very reliable and can be stored in a compact area. Most of the cable aircraft anchoring systems can be used on any surface in the global market. One of the most promising drivers for the global aircraft anchoring system market is increasing fleet of small aircrafts in the global market. Furthermore, increasing use of small aircrafts for recreational purposes is also estimated to boost the demand for aircraft anchoring systems over the forecast period. Increasing inclination of consumers towards outdoor activities, such as camping, aviation sports, among others, will also give a boost to the aircraft anchoring system market during the forecast period.
Additionally, there have been many cases of windstorms and cyclones in several countries across the globe and they have resulted in heavy losses to the aircraft industry. Aircraft anchoring systems come very handy when it comes to safeguarding aircrafts in emergency situations and hence, the demand for novel aircraft anchoring systems is estimated to grow during the forecast period. The global market aircraft anchoring system is estimated to experience healthy CAGR during the forecast period. In any country, the aviation industry is highly dependent on the GDP. Thus, growth in global GDP and per capita income coupled with globalization of businesses aviation industry will push the growth of the aircraft industry and in turn, the aircraft anchoring system market.
Aircraft Anchoring System Market: Introduction
Aircraft anchoring systems are also known as aircraft tiedowns, especially in western countries. Every year, several aircraft and planes are damaged by windstorms due to the use of inefficient or weak aircraft anchoring systems. Thus, it is extremely important to have proper and strong aircraft anchoring systems to ensure the safety of an aircraft. Additionally, it is mandatory to tie aircraft with equipment cables which can stand sufficient tensile forces. As per FAA (Federal Aviation Administration), an aircraft anchoring system for a single aircraft should be capable of resisting 3000 lbs and 4000 lbs for a multiengine aircraft. In case of emergencies, such as windstorms and cyclones, the weight alone of a multiengine aircraft will not be able to protect the aircraft.
In the current market scenario, there are many types of aircraft anchoring systems available in the market. Thus, many regulatory authorities recommend the use of aircraft anchoring systems that comply with all relevant manufacturing standards. The aircraft anchoring system market is characterized by intense competition among the few companies operating across the globe. The objective is to gain market share rapidly through collaborations that are beneficial to both or multiple parties entering into the agreement. The next few years are likely to witness consolidation as the largest MRO companies and OEMs seek to acquire smaller companies in the aircraft anchoring system market. Scale is vital in the aircraft anchoring system market as these companies are not only involved in repair work but also provide aircraft anchoring systems to OEMs as well as in the aftermarket
Aircraft Anchoring System Market: Segmentation
The Aircraft Anchoring System market can be segmented based on material, component, sales channel and aircraft type.
Segmentation of Aircraft Anchoring System market by Material
- Plastic & Polymers
Segmentation of Aircraft Anchoring System market by Sales Channel
- OEM (Original Equipment Manufacturer)
- MRO (Maintenance, Repair and Operation)
Segmentation of Aircraft Anchoring System market by Aircraft Type:
- Military Aircraft
- Civil Aircraft
- Commercial Aircraft
Aircraft Anchoring System Market: Key Participants
Examples of some of the market participants operating in the global Aircraft Anchoring System market are The Claw, AnchorsMart, ABE’S AVIATION, INC., Heligrid and FlyTies Company, among others.
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