In APAC, the COVID-19 pandemic has resulted in enormous financial losses. Asia Pacific nations are taking numerous critical actions to halt the spread of the new coronavirus, including enforcing lockdown, which is harming the industrial sector. China is one of the region's top aerospace manufacturing countries. Because of the COVID-19 pandemic, manufacturing facilities face significant difficulty producing money from various markets. The virus is still being combated in India, Japan, and several other South East Asian nations, stifling the expansion of the airport runway FOD detection systems market.
The makers of FOD detection systems are seeing a significant drop in their respective companies, which is directly attributable to a decrease in demand from various end customers, such as commercial airports and military airports. The outbreak has significantly disrupted the region's supply chain for FOD detection equipment, causing the market to suffer. With the prolonged covid-19 crisis, installation and maintenance efforts for airport runway FOD detection systems have slowed. Air travel has suffered as a result of social distancing trends. Trade restrictions are also affecting market trends. On the other hand, the government financial stimulus will aid the industry's revival in the coming years.
Based on Component
In the course of the study period the segment of hardware components is likely to emerge as the segment with the maximum potential as stationary items see exponential rise. Support and maintenance services will maintain their dominance, aided by continued expansion in worldwide airport operations.
IN terms of end-use vertical, the civil operations segment is likely to bag the highest revenues for adopting FOD detection systems. As there has been a steady rise in aircraft fleet manufacturing worldwide, more specifically in emerging countries, airport runway foreign object detection system based on sensor operations is expected to emerge exponentially in developing countries as well.
Based on Region
The airport runway foreign object detection systems market in North America sees significantly profitable avenues based on various geographies. The market in the United States, in particular, has witnessed a flurry of expenditures in enhancing safety through the use of new technology in airport infrastructures, particularly for runway FOD detection systems.
In recent times airports have gained ample attention and investments to improve their safety outcome. This has led to improved initiatives towards airport runway foreign object debris detection to enable high-end safety for passengers and employees alike. In recent times, FOD-based mishaps have grown profusely creating an alarm and raising questions on employee accuracy. These have created fresh opportunities for the global airport runway foreign object debris detection systems market.
‘The market for airport runway FOD detection systems is predicted to reach US$ 169.03 million by 2028, growing at a CAGR of 6.5 percent from 2021 to 2028.
The market forecast is generally stable in the future years, with a 9.5 percent CAGR scheduled over the next ten years.
Advances in radar technology dedicated for airports are enabling significant advancement in the sensor-based airport runway dforeign object detection system.For example, the Federal Aviation Administration has established different performance requirements to avoid or reduce FOD damage to aircraft during the last ten years.
The use of autonomous FOD detection systems is benefiting new airports. Beijing Daxing International Airport, which opened recently, has installed FOD detection systems on its East and North runways. A lot of international and local aircraft will use airport capacity; therefore, new technologies in FOD detection systems will have a bright future in the following years. The current FOD systems were created by Xsight Systems Ltd., an Israeli firm specializing in sophisticated sensor-based technologies. The technology is part of its RunWize solution and includes cutting-edge image and radar processing techniques based on artificial intelligence.
More such technologies will be deployed throughout the world in the future, offering new opportunities in the airport runway FOD systems market. To satisfy the most recent criteria and norms, prominent manufacturers also supply automatic FOD detection systems. Several players have conducted substantial research and development and have unveiled novel technology.
ArgosAI Technology, Arither, The Stratech Group Ltd., Rheinmetall Italia S.p.A., Moog Inc., Trex Aviation Systems, Xsight Systems Inc., Hitachi Kokusai Electric Inc., Pavemetrics Systems Inc are the major players in the airport runway FOD systems market.
Latest Innovations: a Snapshot
- In a recent development, KL International Airport (KLIA) has invested in Foreign Object Debris Detection for improved security outcomes. The airport has announced the commencement of the second phase of the high-end field trial. The first test phase launch commenced in 2019. The trial is designed to install high end radars for improved Foreign Object Debris Detection.
Airport Runway Foreign Object Debris (FOD) Detection Systems Market Scope
|Revenue forecast in 2028
|US$ 169.03 million
|CAGR of 6.5 % during 2021-2028
|Component, End-use, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|ArgosAI Technology, Arither, The Stratech Group Ltd., Rheinmetall Italia S.p.A., Moog Inc., Trex Aviation Systems, Xsight Systems Inc., Hitachi Kokusai Electric Inc., Pavemetrics Systems Inc
Component Overview, (USD Million)
- Support & Maintenance
- Training & Certification
End-use Overview, (USD Million)
Regional Overview, (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa