Real Time-based Airport Runway Foreign Object Debris Detection System Is Set to Register a 7.5% CAGR over the Next 10 Years

The global airport runway foreign object debris (FOD) detection systems market hit a US$ 36 Mn valuation in 2020, and is poised to reflect a promising growth rate through the forecast period of 2021 to 2031. Airport runway FOD detection system sales are increasingly driven by growth in civilian aircraft fleets. The global market is likely to register steady resurgence in growth in 2021 over 2020, as restrictions due the COVID-19 pandemic are gradually relaxed. The market outlook remains largely steady over the coming years, and is set to register a 7.5% CAGR over the next ten years.

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With major investments being made in terms of ground infrastructure development in the global aviation industry, large-scale construction of civilian airports has also risen strongly. This, in turn, has increased challenges in terms of safety assurance for all civilian and military flights. Foreign object debris is a key factor that aviation security workers need to consider carefully, owing to relevant threats associated to aircraft operations, making FOD detection systems a key priority for ground operations. Leading players in the industry are increasingly pushing to target countries with a focus on major government projects. Strategic collaborations with airport authorities and the defense sector will hold importance.

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Key Takeaways from Airport Runway FOD Detection Systems Market

Hardware components are estimated to account for more than US$ 32 Mn during the assessment period, with stationary systems remaining highly sought-after.
Support & maintenance services will hold the lead, supported by sustained growth in global airport operations.
Airport runway FOD detection systems for civil operations will account for more than 40% of the market, aided by growing airplane fleets, especially in emerging economies.
Adoption of airport runway FOD detection systems through sensor-based solutions is expected to display faster growth, with relatively better reliability in applications.

Global Airport Runway Foreign Object Debris (FOD) Detection Systems Market:
Segmentation

Component
Hardware
Stationary
Mobile
Services
Installation
Support & Maintenance
Training & Certification
End-use Industry
Civil
Military

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Following Questions Answers Covered in the Report are:

How will the global Airport Runway Foreign Object Debris (FOD) Detection Systems Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Airport Runway Foreign Object Debris (FOD) Detection Systems Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Airport Runway Foreign Object Debris (FOD) Detection Systems Market?
How will these strategies influence the market growth and competition?

Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

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The Report Covers Exhaustive Analysis On:

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
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