Runway Debris Monitoring Systems, also called Foreign Object Debris (FOD) Detection System, is a specifically designed system that scans, locates, and prevents any hazard due to FODs in the entire runway for an overall safety of airport flight operations. Presently, dominant manufacturers are investing heavily on research and development of advanced sensors and imaging systems, and coupling them with threat removal equipment and alarm systems, to provide a fool-proof runway environment for aircraft. The recent developments in airport infrastructure and initiatives by various airport authority to enhance their runway systems are driving the growth of the global runway debris monitoring system market.
MARKET SCOPE
The "Global Runway Debris Monitoring System (RDMS) Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Runway Debris Monitoring System (RDMS) market with detailed market segmentation by component, technology, application, platform and geography. The global Runway Debris Monitoring System (RDMS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Runway Debris Monitoring System (RDMS) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global Runway Debris Monitoring System (RDMS) market is segmented into FOD Detection Systems, Runway Sweepers, and Alarm Systems.
- On the basis of technology, the market is segmented into RADAR, Camera and Imaging Systems, GPS, Laser, Others.
- Based on application, the market is segmented into Detection, Identification, Risk Assessment, Removal, Analysis, Others
- On the basis of platform, the market is segmented as Fixed and Mobile.
MARKET DYNAMICS
Drivers:
- Rising requirement of safety systems in aviation industry
- Strict government regulations to include use of safety systems in runway operations
- Integration of advanced technologies and manufacturing techniques in Runway Debris Monitoring System (RDMS), such as imaging systems and use of sensors
Restraints:
- Limited skilled workforce for handling advanced systems
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Runway Debris Monitoring System (RDMS) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Runway Debris Monitoring System (RDMS) market in these regions.
IMPACT OF COVID-19 ON RUNWAY DEBRIS MONITORING SYSTEM (RDMS) MARKET
The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2020 due to the declining demand for air travel and wide-scale flight cancellation. However, near-term cargo air traffic has begun to recover and creates a good market for Runway Debris Monitoring System (RDMS) in the long term. In addition to the near-term impact, the global aviation industry is facing a drastic transformation in the infrastructure of numerous airports, which is expected to create a solid demand for safety systems including RDMS. For instance, in August 2021, GMR Group announced the investment of US$ 27.26 billion to expand the existing airports and developing New Airports in India. Moreover, the requirement of RDMS in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players. Therefore, the initial short-term impact of the pandemic on the market was largely negative, which is regaining momentum with the reopening of major airport infrastructural projects.
MARKET PLAYERS
The report covers key developments in the Runway Debris Monitoring System (RDMS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Runway Debris Monitoring System (RDMS) market are anticipated to lucrative growth opportunities in the future with the rising demand for Runway Debris Monitoring System (RDMS) in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Runway Debris Monitoring System (RDMS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Navtech Radar
- QinetiQ
- Thales Group
- Moog Inc.
- Rheinmetall AG
- Varec, Inc. (Leidos)
- Pavemetrics
- Xsight Systems
- Rolls-Royce plc
- WAVE TECH Co.,Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.