LeapZipBlog: Steve Blade's blog: Airport Runway Foreign Object Debris (FOD) Detection Systems Market Reflect Impressive Growth Rate by 2022

Airport Runway Foreign Object Debris (FOD) Detection Systems Market Reflect Impressive Growth Rate by 2022

August 21, 2019 by Steve Blade  

A recent report on airport runway FOD detection systems market has been added to the extensive Fact.MR repository. This report on airport runway FOD detection systems market offers an all-inclusive evaluation of the airport runway FOD detection systems market coupled with in-depth qualitative insights and verifiable projections. The projections for airport runway FOD detection systems market included in this research study have been gleaned using proven research approaches and assumptions.

Airport Runway FOD Detection Systems Market revenues are likely to witness a decline in 2018, after surpassing US$ 100 million in revenues in 2017. A new study by Fact.MR projects global revenues to grow at a healthy 4% CAGR through 2028. The report opines that market prospects will continue to be heavily influenced by overall investment in airport infrastructure development by governments around the globe. 

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Segmentation

The research study on airport runway FOD detection systems market consists of a detailed market taxonomy of airport runway FOD detection systems market. The component types available in the airport runway FOD detection systems market can be classified as hardware and service. The hardware segment in the airport runway FOD detection systems market is further classified into two types- stationary and mobile. The services segment in the airport runway FOD detection systems market has been classified into installation, support and maintenance, and training. The end-users in the airport runway FOD detection systems market are civil and military. Moreover, the airport runway FOD detection systems market has been gauged across key regions including Americas, Europe, APAC, and MEA.

Growing Investments in Airport Infrastructure Projects: A Precursor to Growth

Identification and mitigation of risks has led to multiple initiatives for upgrading the infrastructure across airports worldwide. Aviation authorities across the globe are focusing on adoption of airport runway FOD detection systems to ensure safety of aircrafts. For instance, the Airport Authority of Trinidad and Tobago includes ‘FOD Management Programme’ in its safety initiatives, wherein a proactive approach to deal with FODs has been reinforced. The Airports Council International (ACI), in its latest set of policies, has incorporated section titled ‘Control of Foreign Object Debris (FOD)’ that emphasizes on measures to prevent occurrence of FODs. As a part of the Airport Improvement Program (AIP), the U.S. Department of Transportation announces grants for revamp of airport infrastructure, which also emphasizes minimizing foreign object debris on the airport runways. Surge in similar kind of investments in airport infrastructure is foreseen to boost future developments and demand for airport runway FOD detection systems.

Competitive Landscape

The report on airport runway FOD detection systems market features the key players operating in the market. The leading market players of the global airport runway FOD detection systems market include are Xsight Systems Ltd., Moog, Inc., Trex aviation systems, The Stratech Group Limited, Argosai technology, Pavemetrics Systems Inc. , Hitachi Kokusai Electric Inc., and Rheinmetall Italia S.p.A. Leading market players in the airport runway FOD detection systems market are vying to strengthen their foothold by adopting effective strategies for geographical expansions and product diversifications.

Xsight Systems Ltd., a leading player in the airport runway FOD detection systems market, launched a product called RunWize collocated with millimeter wave radar, image processing, and runway edge lights for efficient detection of FOD.

Argosai, a prominent player in the airport runway FOD detection systems market, launched a product called A-FOD based on artificial intelligence for real-time detection of FODs.

Moog, Inc., introduced a product named Moog. Tarsier Automatic Runway FOD Detection System, a surface management system that operates and detects foreign object debris amid zero-visibility conditions.

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