North America Airport Runway FOD Detection Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Components (Hardware and Services) and End Use (Military Airport and Civil Airport)
Market Introduction
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. In the current scenario, the demand for high-precision FOD systems to address real-time monitoring is encouraging FOD detection system manufacturers across North America to introduce new products for airport runway FOD detection systems domain. In North America, the US is witnessing few projects related to airport construction which would help in deploying FOD detection systems. Kansas City, New York JFK, Baltimore-Washington, Dallas Fort Worth are few airports where investment of US$1.4 Bn, US$2.0 Bn, US$1.5 Bn, and US$1.6 Bn respectively has been made to upgrade the airports. Such investment will help in boosting the adoption of FOD detection systems. In addition, the country’s FAA provides information for the procurement of FOD detection equipment which airports can use. Government support in using FOD detection systems at runways coupled with expenditure on airports will in turn promotes the growth of the North America airport runway FOD detection system market. Further, strict government regulations and standards are established pertaining to enhance aircraft and airport safety and increasing spending limit by Defense to procure advanced technologies in their operations are some of the factors that would help in boosting the penetration of FOD detection systems at runways; and thereby influencing the North America market growth.
Moreover, in case of COVID-19, the US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. The majority of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. Since the US has a larger density of aircraft manufacturers, component manufacturers, and airports, the outbreak has severely affected the production and revenue generation of each. The lower number of manufacturing staff has resulted in lesser production quantity. On the other hand, the suspension of air travel resulted in loss for the airports, which restricted the demand for airport associated technologies. This factor stalled the revenue generation stream of the North America airport runway FOD detection systems market. Similarly, the military forces have refrained from procuring the usual quantity of the FOD detection systems for maintenance of airport runways which has affected the North America airport runway FOD detection systems market badly. Thus, the factors mentioned above have had a negative impact on the North America airport runway FOD detection systems market.
Get more information on this report :
Market Overview and Dynamics
The North America airport runway FOD detection systems market is expected to grow from US$ 37.51 million in 2019 to US$ 62.05 million by 2027; it is estimated to grow at a CAGR of 6.5 % from 2020 to 2027. Rising popularity of smart airports and airport development & expansion activities is expected to upsurge the North America airport runway FOD detection systems market. The exponential growth of the aviation industry over the years has complemented developments in several associated technologies. Internet connectivity plays a critical role in the advancement of the aviation industry. The increasing inclination of government authorities toward smart airports triggers the demand for the integration of smart systems on airports. Governments of North American countries such as the US are investing in smart airport technologies such as smart sensors, communication and network systems, cameras, RFID tags, and wearables owing to rising preference for real-time information and growing demand for advanced connectivity technologies in airport operations. Furthermore, the increasing development of new airports and expansion of existing airports in North American countries is also expected to drive the growth of the North America airport runway FOD detection systems market. Such expansion activities are further likely to boost the demand for airport runways FOD detection systems during the forecast period for North America region.
Key Market Segments
In terms of components, the hardware segment accounted for the largest share of the North America airport runway FOD detection systems market in 2019. In terms of end use, the civil airport segment held a larger market share of the North America airport runway FOD detection systems market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America 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 Pavemetrics; QinetiQ Group plc; Rheinmetall AG; Thales Group; Trex Aviation Systems; Varec, Inc.; XSight Systems Ltd.
Reasons to buy report
- To understand the North America airport runway FOD detection systems market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America airport runway FOD detection systems market
- Efficiently plan M&A and partnership deals in North America airport runway FOD detection systems market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America airport runway FOD detection systems market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Airport Runway FOD Detection Systems Market Segmentation
North America Airport Runway FOD Detection Systems Market - By Components
- Hardware
- Services
North America Airport Runway FOD Detection Systems Market - By End Use
- Military Airport
- Civil Airport
North America Airport Runway FOD Detection Systems Market - By Country
- US
- Canada
- Mexico
North America Airport Runway FOD Detection Systems Market - Company Profiles
- Pavemetrics
- QinetiQ Group plc
- Rheinmetall AG
- Thales Group
- Trex Aviation Systems
- Varec, Inc.
- XSight Systems Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Airport Runway FOD Detection Systems Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
5. North America Airport Runway FOD Detection Systems Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Strict Government Regulations Regarding Aircraft Safety
5.1.2 Growth in Defense Expenditure
5.2 Key Market Restraints
5.2.1 Expensive Development and Maintenance of FOD Detection Systems
5.3 Key Market Opportunities
5.3.1 Rising Popularity of Smart Airports and Airport Development & Expansion Activities
5.4 Future Trends
5.4.1 Emergence of AI-based FOD Detection Systems and UAV
5.5 Impact Analysis of Drivers and Restraints
6. Airport Runway FOD Detection Systems Market– North America Analysis
6.1 Overview
6.2 North America Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. North America Airport Runway FOD Detection Systems Market Analysis – By Components
7.1 Overview
7.2 North America Airport Runway FOD Detection Systems Market, By Components (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Airport Runway FOD Detection Systems Market – By End Use
8.1 Overview
8.2 North America Airport Runway FOD Detection Systems Market, by End Use (2019 and 2027)
8.3 Military Airport
8.3.1 Overview
8.3.2 Military Airport: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Civil Airport
8.4.1 Overview
8.4.2 Civil Airport: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Airport Runway FOD Detection Systems Market – Country Analysis
9.1 Overview
9.1.1 North America: Airport Runway FOD Detection Systems Market, by Key Country
9.1.1.1 US: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Airport Runway FOD Detection Systems Market, by Components
9.1.1.1.2 US: Airport Runway FOD Detection Systems Market, by End Use
9.1.1.2 Canada: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Airport Runway FOD Detection Systems Market, by Components
9.1.1.2.2 Canada: Airport Runway FOD Detection Systems Market, by End Use
9.1.1.3 Mexico: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Airport Runway FOD Detection Systems Market, by Components
9.1.1.3.2 Mexico: Airport Runway FOD Detection Systems Market, by End Use
10. Impact of COVID-19 Pandemic
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Company Profiles
12.1 Pavemetrics
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Rheinmetall AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 QinetiQ Group plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Thales Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 XSight Systems Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Trex Aviation Systems
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Varec, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Airport Runway FOD Detection Systems Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. North America: Airport Runway FOD Detection Systems Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Airport Runway FOD Detection Systems Market, by Components –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Airport Runway FOD Detection Systems Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Airport Runway FOD Detection Systems Market, by Components –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Airport Runway FOD Detection Systems Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Airport Runway FOD Detection Systems Market, by Components –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Airport Runway FOD Detection Systems Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Airport Runway FOD Detection Systems Market Segmentation
Figure 2. North America Airport Runway FOD Detection Systems Market Segmentation – By Country
Figure 3. North America Airport Runway FOD Detection Systems Market Overview
Figure 4. North America Airport Runway FOD Detection Systems Market, by Country
Figure 5. North America Airport Runway FOD Detection Systems Market, By Components
Figure 6. North America Airport Runway FOD Detection Systems Market, By End Use
Figure 7. North America – PEST Analysis
Figure 8. Ecosystem Analysis: North America Airport Runway FOD Detection Systems Market
Figure 9. North America Airport Runway FOD Detection Systems Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Airport Runway FOD Detection Systems Market Revenue Share, by Components (2019 and 2027)
Figure 12. North America Hardware: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Services: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Airport Runway FOD Detection Systems Market Revenue Share, by End Use (2019 and 2027)
Figure 15. North America Military Airport: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. North America Civil Airport: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America: Airport Runway FOD Detection Systems Market Revenue Share, by Key Country (2019 and 2027)
Figure 18. US: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Canada: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Mexico: Airport Runway FOD Detection Systems Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Impact of COVID-19 Pandemic in North American Country Markets
- Pavemetrics
- QinetiQ Group plc
- Rheinmetall AG
- Thales Group
- Trex Aviation Systems
- Varec, Inc.
- XSight Systems Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America airport runway FOD detection systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America airport runway FOD detection systems market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the airport runway FOD detection systems market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution