Global Airport Runway Foreign Object Debris (FOD) Detection Systems Market: Technological Innovations Leading to Rise in Demand until 2028

Posted on 2019-02-18 by Mark Hub in Technology // 0 Comments

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Fact.MR published a meticulous analysis and opportunity assessment on airport runway FOD detection systems market for the forecast period of 2018 to 2028. This primary objective of the research study on airport runway FOD detection systems market is to offer latest updates and compelling insights related to emerging market opportunities for the manufacturers to bank on. This report on airport runway FOD detection systems market encompasses projections about the performance in terms of revenues amassed from various segments. The report on airport runway FOD detection systems market underlines several macro-economic factors diversifying growth and untapped opportunities to tap into.

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Manufacturers Focusing on High Precision-Control, Real-Time Monitoring

Efficient FOD management has always been one of the paramount factors fueling seamless operation of aircrafts. The emphasis on high-precision FOD management devices for real-time monitoring has catalyzed the incorporation of new technologies into the existing framework and encouraged initiatives by key manufacturers to launch new products in the airport runway FOD detection systems market. For instance, Argosai, a leading player in the airport runway FOD detection systems market, launched A-FOD to capture high-resolution images by using artificial intelligence techniques. With such initiatives mainstreaming in the airport runway FOD detection systems market, it is highly likely that established manufacturers and new entrants might diversify their product lines with technologically-advanced products.

Growing Investments in Airport Infrastructure Projects: A Precursor to Growth

Identification and mitigation of risks has led to multiple initiatives for upgrading the infrastructure across airports worldwide. Aviation authorities across the globe are focusing on adoption of airport runway FOD detection systems to ensure safety of aircrafts. For instance, the Airport Authority of Trinidad and Tobago includes ‘FOD Management Programme’ in its safety initiatives, wherein a proactive approach to deal with FODs has been reinforced. The Airports Council International (ACI), in its latest set of policies, has incorporated section titled ‘Control of Foreign Object Debris (FOD)’ that emphasizes on measures to prevent occurrence of FODs. As a part of the Airport Improvement Program (AIP), the U.S. Department of Transportation announces grants for revamp of airport infrastructure, which also emphasizes minimizing foreign object debris on the airport runways. Surge in similar kind of investments in airport infrastructure is foreseen to boost future developments and demand for airport runway FOD detection systems.

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Adoption of FOD Detection Systems to Boost Operational Efficiency Gaining Momentum

As per an insight provided by the International Air Transport Association (IATA), more than half of the global population will choose air travel by 2036. This has persuaded both authorities and service providers in the aviation industry to focus on operational efficiency as well as safety. Sensing the adverse impacts of FODs on the efficiency of aircrafts, the aviation framework is placing high demand for high-precision airport runway FOD detection systems. This surge in demand for airport runway FOD detection systems is to quickly detect FODs during the pre-takeoff and post-landing surveillances, which helps in mitigation of flight delays.

Competitive Landscape

The report on airport runway FOD detection systems market features the key players operating in the market. The leading market players of the global airport runway FOD detection systems market include are Xsight Systems Ltd., Moog, Inc., Trex aviation systems, The Stratech Group Limited, Argosai technology, Pavemetrics Systems Inc. , Hitachi Kokusai Electric Inc., and Rheinmetall Italia S.p.A. Leading market players in the airport runway FOD detection systems market are vying to strengthen their foothold by adopting effective strategies for geographical expansions and product diversifications.

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