Europe Airport Runway FOD Detection Systems Market is expected to reach US$ 52.75 million by 2027

Civil Airport Segment to Dominate Europe Airport Runway FOD Detection Systems Market during 2019–2027  

According to a new market research study on “Europe Airport Runway FOD Detection Systems Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Components and End Use,” is expected to reach US$ 52.75 million by 2027 from US$ 31.48 million in 2019. The market is estimated to grow at a CAGR of 6.9 % from 2020 to 2027. The report provides trends prevailing in the Europe airport runway FOD detection systems market along with the drivers and restraints pertaining to the market growth. Mounting popularity of smart airports and airport development & expansion activities and rise of AI-based FOD detection systems and UAV in are the major factor driving the growth of the Europe airport runway FOD detection systems market. However, high initial and maintenance cost hinder the growth of Europe airport runway FOD detection systems market.

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.

The Europe airport runway FOD detection systems market is segmented into components, end use, and country. Based on components, the Europe airport runway FOD detection systems market is segmented into hardware and services. The hardware segment dominated the Europe airport runway FOD detection systems market in 2019 and services segment is expected to be fastest growing segment. Based on end use, the Europe airport runway FOD detection systems market is segmented into military airport and civil airport. The civil airport segment dominated the Europe airport runway FOD detection systems market in 2019 and is also expected to be fastest growing during forecast period.

Navtech Radar; Plextek Services Limited; QinetiQ Group plc; Rheinmetall AG; Thales Group; Varec, Inc.; XSight Systems Ltd. are among the leading companies in the Europe airport runway FOD detection systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Plextek Services Limited partnered with Wave Tech. Through this partnership, Plextek and Wave Tech designed and developed the most advanced FOD detection system for operation on airport runways. This system is installed at Incheon Airport in Korea and is capable of detecting, and alerting the presence of FOD.

The report segments the Europe Airport Runway FOD Detection Systems Market as follows:

Europe Airport Runway FOD Detection Systems Market – By Components

• Hardware                   
• Services      

Europe Airport Runway FOD Detection Systems Market – By End Use

• Military Airport
• Civil Airport                                                     

Europe Airport Runway FOD Detection Systems Market – By Country

• France
• Germany
• Italy
• UK                  
• Russia
• Rest of Europe