Global Airport Runway Foreign Object Debris (FOD) Detection Systems Market Explo
Posted by Arslan on December 17th, 2018
The global airport runway FOD detection systems market remains consolidated with a limited number of players. Four companies accounted for nearly two-thirds revenue share of the market in 2017. These top 4 market leaders include The Stratech Group, Moog Inc., Xsight Systems Ltd., and Trex Aviation Systems Inc. The tier 1 companies in the airport runway FOD detection systems market are investing in extensive research and development for encouraging product innovations in line with the latest specifications and standards. Moreover, these players are capitalizing on budding opportunities across emerging nations, which can enable them to tap into new end-user segments. The companies in the airport runway FOD detection systems market are also focusing on offer competitive pricing in a bid to win maximum number of government contracts – a key growth influencer in the market.
The Fact.MR study offers a comprehensive analysis on the key influencing factors for airport runway foreign object debris (FOD) detection systems market. According to the study, growing air traffic, especially in fast-growing economies of Asia Pacific is inducing investments in airport infrastructure. The International Air Transport Association (IATA) has marked out Asia Pacific as the biggest driver for increased air travel globally. China, India, Thailand, and Turkey already have some of the busiest airports in the world – sensing the emerging opportunities in a consolidated marketplace, players are likely to focus on competitive pricing to win government contracts. The consolidated nature of the market and heavy reliance on government contracts has also led to high focus on partnerships among market players.
Investments in new airport construction and increase in mandates on airport security continue to induce momentum in the airport runway foreign object debris (FOD) detection systems market. Asian countries are at the forefront of investments in new airport construction, with the Government of India planning to invest US$ 60 billion in the next decade. The U.S. Department of Transportation’s grant of US$ 586 million under the Airport Improvement Program is also aimed to upgrade facilities at regional airports. According to the report, government funding and investment will remain a critical factor in the airport runway foreign object debris (FOD) detection systems market over the assessment period.
Manufacturers Focusing on High Precision-Control, Real-Time Monitoring
Efficient FOD management has always been one of the paramount factors fueling seamless operation of aircrafts. The emphasis on high-precision FOD management devices for real-time monitoring has catalyzed the incorporation of new technologies into the existing framework and encouraged initiatives by key manufacturers to launch new products in the airport runway FOD detection systems market. For instance, Argosai, a leading player in the airport runway FOD detection systems market, launched A-FOD to capture high-resolution images by using artificial intelligence techniques. With such initiatives mainstreaming in the airport runway FOD detection systems market, it is highly likely that established manufacturers and new entrants might diversify their product lines with technologically-advanced products.
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.
Adoption of FOD Detection Systems to Boost Operational Efficiency Gaining Momentum
As per an insight provided by the International Air Transport Association (IATA), more than half of the global population will choose air travel by 2036. This has persuaded both authorities and service providers in the aviation industry to focus on operational efficiency as well as safety. Sensing the adverse impacts of FODs on the efficiency of aircrafts, the aviation framework is placing high demand for high-precision airport runway FOD detection systems. This surge in demand for airport runway FOD detection systems is to quickly detect FODs during the pre-takeoff and post-landing surveillances, which helps in mitigation of flight delays.
Shift from Visual to Automated Aviation Surveillance to Intensify Future Demand
Being a traditional procedure, visual aviation surveillance has specific loopholes associated with it, ranging from contrast sensitivity to detection incompetency amid poor light conditions. These challenges have induced a paradigm shift from visual methods to automated surveillance systems, thereby bolstering the adoption of automated airport runway FOD detection systems across aviation assemblies. A recent survey published by the Airports Council International (ACI) unveiled the potential of an automated FOD surveillance system as compared to that of visual inspections, thereby influencing this key industry trend. Sensing the demand for automated airport runway FOD detection systems, key manufacturers such as Xsight Systems and Moog, Inc. are introducing automated FOD detection systems to attain revenue benefits.
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.
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.
This research study on airport runway FOD detection systems market is a result of a combined approach, including both primary and secondary research. The research methodology for airport runway FOD detection systems market includes an extensive data mining with the help of credible sources including magazines, investor presentations, technical publications, paid resources, and so on. In the primary research phase for airport runway FOD detection systems market, focal points about airport runway FOD detection systems market have been derived from exclusive interaction sessions with the key industry personnel of airport runway FOD detection systems market. All in all, data points mentioned in this research study on airport runway FOD detection systems market can be leveraged by all the industry participants of airport runway FOD detection systems market for making viable business decisions.
Grow Your Business From Expert Advice @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=1897
Like it? Share it!
About the AuthorArslan
Joined: December 18th, 2017
Articles Posted: 13,297
More by this author