Middle East & Africa Airport Runway FOD Detection Systems Market
No. of Pages: 84 | Report Code: TIPRE00020049 | Category: Aerospace and Defense
No. of Pages: 84 | Report Code: TIPRE00020049 | 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. The airports in the MEA countries, especially Gulf countries, are observing increase in air traffic in terms of both passenger aircraft as well as cargo aircraft. The governments in Middle Eastern countries, such as the UAE, Saudi Arabia, Qatar, and Turkey, are emphasizing and investing significantly toward the development of respective airport infrastructure. Growing air traffic is increasing, which is developing the growth of various technologies associated with airports. Also, the emphasis on enhancing on-ground flight safety is soaring among the airport authorities and airport managements. This factor is supporting the growth of the MEA airport runway FOD detection systems market. Among the African countries, South Africa aviation sector is technologically most advanced and has the highest passenger count, cargo volumes, aircraft fleet, and number of airports. The country’s government is also striving hard to match the capabilities of various other developing countries. This factor is boosting the aviation sector in the country, especially in terms of aircraft fleet and airport infrastructure. The South African government’s focus toward airport infrastructure along with Airports Company South Africa (ACSA) is showcasing the growth of airport infrastructure in the country through expansion of existing airports. The expansion works include increasing number of runways and terminals. Increase in number of runways would positively impact the growth of airport runway FOD detection systems market, as the technology is one of the crucial technologies in an airport. Factor like rise in military budget and use of advanced technology is expected to escalate the MEA airport runway FOD detection systems market.
Moreover, in case of COVID-19, Iran is the hardest-hit country in MEA. The aviation industry faced tremendous challenged in 2020 due to the widespread outbreak of COVID-19 across the MEA region. The eruption of COVID-19 in MEA region has led the governments to impose stringent rules and regulations to contain the virus. Air travel ban was one of the strict rules imposed by the governments across the MEA during the first two quarters Q1 and Q2. This led the aviation industry to halt the operations and experience the lowest revenue generation during the period. The airport sector also witnessed stiff decline in passenger count, aircraft movement, and revenue generation. The substantial loss in revenues resulted in limited procurement of technologies by the airport authorities and airport managements. This factor showcased fall in demand for FOD detection systems, which hampered the growth of MEA airport runway FOD detection systems market. Further, the MEA airport runway FOD detection systems market is also affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and parts have been disturbed. The demand for advanced FOD detection systems has weakened over the past couple of months in MEA countries. This has resulted in a loss of business among the airport runway FOD detection system manufacturers offering their products to commercial airports and military airports. However, there were some positivity in the market as, Hammad International Airport in Doha procured FOD detection system from Israeli manufacturer XSight Systems for its newly constructed runway.
Strategic insights for the Middle East & Africa 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$ 8.37 Million |
| Market Size by 2027 | US$ 10.15 Million |
| Global CAGR (2020 - 2027) | 2.5 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Components
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa 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 MEA airport runway FOD detection systems market is expected to grow from US$ 8.37 million in 2019 to US$ 10.15 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027. Mounting defense expenditure is expected to upsurge the MEA airport runway FOD detection systems market. Airport runway FOD detection systems facilitate automated scanning of airport surfaces and runways, confer high detection and resolution capability, and provide enhanced situational awareness, thereby ensuring enhanced safety to users. The rising defense expenditure in MEA countries has led to increase in the adoption of FOD detection systems in the military sector. MEA countries with high GDP are vigorously carrying out large-scale industrialization and infrastructure developments. The increasing defense expenditure supports the growth of the MEA airport runway FOD detection systems market in such countries.
In terms of components, the hardware segment accounted for the largest share of the MEA airport runway FOD detection systems market in 2019. In terms of end use, the civil airport segment held a larger market share of the MEA airport runway FOD detection systems market in 2019.
A few major primary and secondary sources referred to for preparing this report on the MEA 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 ArgosAI Teknoloji A.Ş., QinetiQ Group plc, Rheinmetall AG, Thales Group, XSight Systems Ltd.
The Middle East & Africa Airport Runway FOD Detection Systems Market is valued at US$ 8.37 Million in 2019, it is projected to reach US$ 10.15 Million by 2027.
As per our report Middle East & Africa Airport Runway FOD Detection Systems Market, the market size is valued at US$ 8.37 Million in 2019, projecting it to reach US$ 10.15 Million by 2027. This translates to a CAGR of approximately 2.5 % during the forecast period.
The Middle East & Africa 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 Middle East & Africa Airport Runway FOD Detection Systems Market report:
The Middle East & Africa 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 Middle East & Africa Airport Runway FOD Detection Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Airport Runway FOD Detection Systems Market value chain can benefit from the information contained in a comprehensive market report.
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