At 6.1% CAGR, Europe Airport Runway FOD Detection Systems Market is Projected to be Worth US$ 59.01 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe airport runway FOD detection systems market was valued at US$ 36.77 million in 2023 and is expected to reach US$ 59.01 million by 2031, registering a CAGR of 6.1% 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 Europe airport runway FOD detection systems market growth.

The increasing inclination of government authorities toward smart airports boosts the demand for the implementation of smart systems on airport premises. Governments of developed countries such as the US, the UK, and China are capitalizing on smart airport technologies, including communication and network systems, smart sensors, cameras, RFID tags, and wearables, owing to increasing preference for real-time information and mounting demand for advanced connectivity technologies in airport operations.

The development of new airports and expansion of existing airports in countries such as the UK, the UAE, India, and Hong Kong is also growing. In addition, autonomous robots have been trialed by British Airways since 2020. For instance, British Airways has been trialing automation for the past few years. Thus, the growing focus on smart airports is anticipated to create lucrative opportunities for the growth of the airport runway FOD detection systems market during the forecast period.

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

Based on component, the Europe airport runway FOD detection systems market is bifurcated into hardware and services. The hardware segment held 64.8% market share in 2023, amassing US$ 23.81 million. It is projected to garner US$ 37.36 million by 2031 to register 5.8% CAGR during 2023–2031.

In terms of end use, the Europe airport runway FOD detection systems market is categorized into military airport and civil airport. The civil airport segment held 70.3% share of Europe airport runway FOD detection systems market in 2023, amassing US$ 25.86 million. It is projected to garner US$ 42.42 million by 2031 to expand at 6.4% CAGR from 2023 to 2031.

Based on country, the Europe airport runway FOD detection systems market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.4% share of Europe airport runway FOD detection systems market in 2023. It was assessed at US$ 9.33 million in 2023 and is likely to hit US$ 14.69 million by 2031, registering a CAGR of 5.8% during 2023–2031.

Key players operating in the Europe airport runway FOD detection systems are Moog Inc; Navtech Radar; Plextek Services Limited; Rheinmetall AG; QinetiQ Group Plc; Skylarklabs, Inc.; Trex Aviation Systems; Pavemetrics; ArgosAI Teknoloji A.Ş.; Thales SA; Xsight Systems Ltd.; Varec, Inc.; Smiths Detection Group Ltd. (Smiths Group plc); Infologic Pte Ltd.; 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com