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.
Rising popularity of smart airports and airport development & expansion activities across MEA is expected to propel the growth of MEA airport runway FOD detection systems market in coming years. 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 MEA countries 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 countries—such as the UAE—is expected to drive the growth of the MEA airport runway FOD detection systems market.
In MEA, Iran is the hardest-hit country due to the COVID-19 outbreak. Also, due to the pandemic, the aviation industry in MEA faced tremendous challenges in 2020. The outbreak has led the governments to impose various stringent rules and regulations to contain the virus. Air travel ban, which was one of those rules, led the aviation industry to halt the operations during the Q1 and Q2 of 2020. As a result, the industry experienced 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. Therefore, the demand for the FOD detection systems was declined in the region. The closure of borders of countries has disrupted the supply chain of several components and parts, which has also hindered the market growth. 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.
Based on components, services segment is expected to dominate the MEA airport runway FOD detection systems market during the forecast period. System installation services, training & consulting services, and post-installation services are considered under the service segment. With increasing implementation of different airport running FOD detection systems, the scope of services is also growing. Companies across MEA—such as XSight Systems, Inc.—offer installation design assistance, interface development, configuration, software and implementation services for installation, and reporting and training services. With emerging smart technologies to enhance airport operations, the number of FOD detection system manufacturers is increasing. Companies such as XSight Systems Ltd. and Boeing are offering various services for FOD detection systems across MEA. With increasing adoption of FOD detection system at runways, the services are becoming recurring in nature that would keep on benefitting service providers. Presence of different FOD system services and advantages of services—such as better design assistance, less cost, and flexible interface development—are expected to propel the demand of FOD services in coming years, which would drive the growth of the MEA airport runway FOD detection systems market.
The overall MEA airport runway FOD detection systems market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the MEA airport runway FOD detection systems market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the MEA airport runway FOD detection systems market. ArgosAI Teknoloji A.?., QinetiQ Group plc, Rheinmetall AG, Thales Group, and XSight Systems Ltd. are among the players operating in the market.