Europe Airport Runway FOD Detection Systems Market
No. of Pages: 100 | Report Code: TIPRE00020048 | Category: Aerospace and Defense
No. of Pages: 100 | Report Code: TIPRE00020048 | Category: Aerospace and Defense
The Foreign Object Debris (FOD) like 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 system are developed which prevents any accidents and damage to airlines and its passengers. Companies across Europe like Navtech provides radar's high performance FOD150 sensor to detect debris automatically by lowering burden on personnel. In Europe, the aeronautical sector is experiencing different safety threats to airline personnel and aircraft caused by FOD, birds, and other objects. Therefore, Ms3e is involved into developing FODBASA. It is an autonomous radar-sensor-based system developed for simultaneous detection of drones, birds, and FOD. The systems’ high-frequency radar sensor has made it feasible for military applications and even it was validated by the Danish Defense. Development of such FOD detection systems will help in propelling the market growth in Europe. European aviation sector comprises a number of aerospace contractors including aircraft manufacturers, aircraft technology developers, airport technology developers, and respective service providers. The countries in the region are experiencing significant rise in air travelers as well as cargo volumes. Owing to this, the number of airports or terminals/runways continue to surge year-on-year in the region. FODs have led various airports in the region to incur loss in the past few years; hence, the airport managements have been showcasing substantial demand for FOD detection systems, especially on runways. This factor is developing the Europe airport runway FOD detection systems market.
Moreover, in case of COVID-19, Russia is the hardest-hit country in Europe, followed by the UK. The two countries are expected to suffer an economic hit due to a lack of revenue from various industries, as the two countries record the highest number of coronavirus cases. Both the countries have substantial number of airports across respective territories. Pertaining to the severity of the situation, the FOD detection system manufacturers operating in the countries are experiencing substantially lesser orders, which is hampering the FOD detection system manufacturer’s business, which is ultimately negatively affecting the airport runway FOD detection systems market. European countries have a high concentration of aerospace contractors. Pertaining to the fact that the majority of the countries have been experiencing a continuous rise in infected patients, the manufacturing facilities are encountering workforce scarcity. This is leading to lesser production, which is hindering the businesses of manufacturing. Since the production volume of various aerospace components is restricted, the demand for advanced technologies and components is also limited, which adversely impact on airport runway FOD detection systems market players’ businesses.
Strategic insights for the Europe Airport Runway FOD Detection Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 31.48 Million |
| Market Size by 2027 | US$ 52.75 Million |
| Global CAGR (2020 - 2027) | 6.9 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Components
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Airport Runway FOD Detection Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe airport runway FOD detection systems market is expected to grow from US$ 31.48 million in 2019 to US$ 52.75 million by 2027; it is estimated to grow at a CAGR of 6.9 % from 2020 to 2027. Rigid government rules regarding aircraft safety is expected to upsurge the Europe airport runway FOD detection systems market. The authorities across Europe region provides guideline for the procurement and manufacturing of airport runway foreign object damage (FOD) detection systems. All buyers and manufacturers need to abide by the norms set by the authorities for procuring and manufacturing FOD detection systems. FOD can lead to damage to aircraft engines, rupturing of aircraft tires, and injuries to flight occupants. According to the authorities, a FOD detection system is expected to detect and locate FOD items on the Air Operations Area (AOA). Additionally, the detection systems should be capable of alerting the users regarding the detection of FOD; moreover, they need to work in coexistence with, and not interfere with, aircraft communication, airport, navigation, and surveillance systems. Thus, stringent government regulations pertaining to aircraft safety drive the growth of the Europe airport runway FOD detection systems market.
In terms of components, the hardware segment accounted for the largest share of the Europe airport runway FOD detection systems market in 2019. In terms of end use, the civil airport segment held a larger market share of the Europe airport runway FOD detection systems market in 2019.
A few major primary and secondary sources referred to for preparing this report on the Europe airport runway FOD detection systems market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Navtech Radar; Plextek Services Limited; QinetiQ Group plc; Rheinmetall AG; Thales Group; Varec, Inc.; XSight Systems Ltd.
The Europe Airport Runway FOD Detection Systems Market is valued at US$ 31.48 Million in 2019, it is projected to reach US$ 52.75 Million by 2027.
As per our report Europe Airport Runway FOD Detection Systems Market, the market size is valued at US$ 31.48 Million in 2019, projecting it to reach US$ 52.75 Million by 2027. This translates to a CAGR of approximately 6.9 % during the forecast period.
The Europe Airport Runway FOD Detection Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Airport Runway FOD Detection Systems Market report:
The Europe Airport Runway FOD Detection Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Airport Runway FOD Detection Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Airport Runway FOD Detection Systems Market value chain can benefit from the information contained in a comprehensive market report.
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