At 6.9% CAGR, North America Airport Runway FOD Detection Systems Market is Projected to be Worth US$ 72.37 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America airport runway FOD detection systems market was valued at US$ 42.41 million in 2023 and is expected to reach US$ 72.37 million by 2031, registering a CAGR of 6.9% from 2023 to 2031. Artificial intelligence-driven fod detection systems and rising popularity of smart airports are among the critical factors attributed to drive the North America airport runway FOD detection systems market growth.

The adoption of advanced technologies such as the Internet of Things (IoT), cloud, blockchain, and artificial intelligence (AI) by the aerospace & defense industry is projected to increase in the coming years. The implementation of high-end technologies supports organizations to modernize the manufacturing of components, streamline operational processes, ensure improved safety of the aircraft and passengers, and process large volumes of data. For instance, ArgosAI offers A-FOD that confers features such as enhanced real-time detection of FOD, analysis tools for managing runways, and alarm generation systems; it is an artificial intelligence-based automated airport runway FOD detection system. Thus, the rising adoption of artificial intelligence-driven FOD detection systems is expected to bring new trends to the airport runway FOD detection systems market in the coming years.

On the contrary, high cost of development and maintenance of FOD detection systems hampers the growth of North America airport runway FOD detection systems market.

Based on component, the North America airport runway FOD detection systems market is bifurcated into hardware and services. The hardware segment held 63.8% market share in 2023, amassing US$ 27.07 million. It is projected to garner US$ 45.13 million by 2031 to register 6.6% CAGR during 2023–2031.

In terms of end use, the North America airport runway FOD detection systems market is categorized into military airport and commercial airport. The commercial airport segment held 71.8% share of North America airport runway FOD detection systems market in 2023, amassing US$ 30.45 million. It is projected to garner US$ 53.15 million by 2031 to expand at 7.2% CAGR from 2023 to 2031.

Based on country, the North America airport runway FOD detection systems market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 63.0% share of North America airport runway FOD detection systems market in 2023. It was assessed at US$ 26.74 million in 2023 and is likely to hit US$ 47.58 million by 2031, registering a CAGR of 7.5% during 2023–2031.

Key players operating in the North America airport runway FOD detection systems are Moog Inc; Pavemetrics; Rheinmetall AG; QinetiQ Group Plc; Thales SA; Xsight Systems Ltd.; Trex Aviation Systems; Varec, Inc.; Smiths Detection Group Ltd. (Smiths Group plc); Infologic Pte Ltd.; Skylarklabs, Inc.; and Hitachi Ltd, among others.

• In April 2024, Smiths Detection accelerated partnership with SeeTrue. Smiths Detection has successfully integrated and tested SeeTrue's technology into our CT security checkpoint systems. Smiths Detection, a global leader in threat detection and security screening, and a business of Smiths Group, has announced a major step forward in aviation security technology. Working in partnership with SeeTrue, a provider of AI-based threat detection software, Smiths Detection has successfully integrated and tested SeeTrue's technology into its advanced CT security checkpoint systems with the combined solution now ready for immediate implementation pending certification.
• In March 2020, Plextek Group Sells Plextek RFI to the CML Microsystems Plc. The addition of Plextek RFI expands design expertise and provides a new independent service and consulting to the global customers, said by CML’s Group.

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