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Airport Runway FOD Detection Systems Market Trends, Business Overview, Industry Growth and Forecast to 2027 | ArgosAI Teknoloji A.Ş., Navtech Radar, Pavemetrics, Plextek Services Limited
Airport Runway FOD Detection Systems Market
The airport runway FOD detection systems market was valued at US$ 103.33 million in 2019 and is projected to reach US$ 169.03 million by 2027; it is expected to grow at a CAGR of 6.5% from 2020 to 2027.
The foreign object debris (FOD) such as human artefacts, technological artefacts, and other objects at the runways can end up into damaging airlines, passengers, and airports and can cost up to millions of losses. Therefore, FOD detection systems are developed to prevent any accident and damage to airlines and its passengers. Companies such as Navtech provides radar's high performance FOD150 sensor to detect debris automatically by lowering burden on personnel.
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Key vendors engaged in the Airport Runway FOD Detection Systems market and covered in this report:
ArgosAI Teknoloji A.Ş., Navtech Radar, Pavemetrics, Plextek Services Limited, Rheinmetall AG, QinetiQ Group plc, Thales Group, XSight Systems Ltd., Trex Aviation Systems, Varec, Inc.
Partnership initiatives are getting prevail in the market, which are helping in stimulating the market growth. For instance, Plextek partnered with a South Korean partner to create radar solutions that will give a cost-effective and scalable platform for countering FOD threat. Similarly, Stratech Group Limited has declared that their iFerretTM intelligent Airfield/Runway Surveillance and Foreign Object & Debris Detection System is been chosen for performance assessment of cost-effective surveillance system at the Orlando International Airport for a pilot test. The company claimed that this deployment will help in tracking aircraft and ground vehicle movements in apron, taxiway crossings, terminal, and cargo areas along with runways. The project is carried between the University of Illinois Center of Excellence for Airport Technology (CEAT) and the Federal Aviation Administration (FAA) Airport Safety Technology Research and Development Sub-team aiming to enhance airport safety. Therefore, such partnerships help meet safety and surveillance needs of FOD detection systems at runways.
Strict government regulations and standards are established pertaining to enhance aircraft and airport safety, increase in spending limit by Defense to procure advanced technologies in their operations, and construction/expansion of airports/runways are a few of the factors that are boosting the penetration of FOD detection systems at runways; and thereby influencing the market growth. In addition, the emergence of AI-based FOD detection systems to improvise real-time detection of FOD is another factor that would help in contributing to the market growth during the forecast period. Also, the deployment of FOD detection systems among commercial airports—such as Hamad International Airport, Beijing Daxing International Airport, and Beijing Capital International Airport—is making significant contribution in boosting the installation of FOD detection systems, which is driving the growth of the market.
Impact of COVID-19 Pandemic on Airport Runway FOD Detection Systems Market
A few countries gained new airports and new or renovated runways during 2020, which propelled the demand for airport associated technologies. As majority of the operations at most of the airports are halted, the airport runway FOD detection systems market players are struggling to gain profits by selling their products or servicing their installed products. The limited revenue generation through aeronautical sources are restricting the airport managements to invest in technologies and services, which is hindering the growth of airport runway FOD detection systems market. The manufacturers of runway FOD detection systems observed availability of limited workforce—due to lockdown and social distancing norms set by the governments—that resulted in lesser production, thereby, resulting in lesser shipment volumes. All these factors are restraining the usual growth of airport runway FOD detection systems market.
Airport Runway FOD Detection Systems Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Study of niche industrial sectors
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market
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