Industry Background:
Airport runway safety systems are designed to reduce the harm that might occur on an aircraft runway involving the incorrect presence of a person, vehicle, aircraft on the secure area designated for the takeoff and landing of aircraft. Increasing government initiatives towards improving runway safety driving the market demand. For instance, International Civil Aviation Organization (ICAO) launched a new Global Runway Safety Action Plan (GRSAP) to guide activities of States, airlines, airports, and air navigation service providers to implement runway safety and risk reduction measures. Further, growing technological advancement in the airport runway safety for real-time monitoring propelling the growth.This growth is primarily driven by Rise in Domestic and International Air Travel and Increasing Government Initiatives towards Safety Measure of Airport Runway Systems.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Honeywell International (United States), Saab AB (Sweden), Varec Inc. (United States), ADB airfield solution (United States), Aviation Safety Technologies (United States), Boeing (United States) and NEC (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Development of Technologically Advanced Radar & Landing System
. Major Manufacturers, such as Honeywell International (United States), Saab AB (Sweden), Varec Inc. (United States), ADB airfield solution (United States), Aviation Safety Technologies (United States), Boeing (United States) and NEC (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
“According to the Federal Aviation Administration (FAA), there are four categories of runway incursions. Category A is a serious incident in which a collision was narrowly avoided. Category B is an incident in which separation decreases and there is a significant potential for collision, which may result in a time-critical corrective/evasive response to avoid a collision. Category C is an incident characterized by ample time and/or distance to avoid a collision. Category D is an incident that meets the definition of runway incursion such as the incorrect presence of a single-vehicle/person/aircraft on the protected area of a surface designated for the landing and take-off of aircraft but with no immediate safety consequences.”
Market Drivers
- Rise in Domestic and International Air Travel
- Increasing Government Initiatives towards Safety Measure of Airport Runway Systems
Market Trend
- Development of Technologically Advanced Radar & Landing System
- Emergence of Real-time Runway Safety Monitoring
Restraints
- Stringent Government Guidelines for Aircraft Safety
- Lack of Skilled Technical Professional
Opportunities
Rising Investment in the Aviation Industry and Growing Air Transport Infrastructure in the Developing Economies
Challenges
Lack of Awareness in the Emerging Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Airport Runway Safety Systems Study Sheds Light on
The Airport Runway Safety Systems Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Airport Runway Safety Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airport Runway Safety Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.