Airport Runway Safety System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Through providing instructions to ATC and pilots, the Airport Runway Safety System ensures safe and secure flight operations from takeoff to landing. The runway is prevented from intruding or intervening by evaluating the test data of the runway and taxiway. In recent days, runway safety has become a major concern, as runways are vulnerable to possible harm from extreme weather, aircraft collisions, and other factors. Several factors, such as repeated accidents and collisions, may compromise runway safety. Runway incursion, uncertainty, and runway excursion are only a few of the obvious factors that endanger runway safety. Therefore, runway safety system is so much crucial to ensure proper flight operations as well as airport operations.

MARKET SCOPE

The "Global Airport Runway Safety System Market Analysis to 2031" is a specialized and in-depth study of the Airport Runway Safety System market with a special focus on the global market trend analysis. The report aims to provide an overview of Airport Runway Safety System market with detailed market segmentation by system, airport type, and geography. The global Airport Runway Safety System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Airport Runway Safety System market players and offers key trends and opportunities in the Airport Runway Safety System market.

MARKET SEGMENTATION

•   On the basis of system, the market is segmented as, radar and landing system, lighting system.
  
•   On the basis of airport type, the market is segmented as, commercial airport and military airport.
  

MARKET DYNAMICS

Drivers:

•   Rising incidences of aircrafts collisions, accidents, runway incursion and excursion along with confusion issues
  
•   Advancement in aviation sector in terms of technology as well as safety system
  
•   Various norms and regulations laid down by federal aviation administration
  Restraint -
  
•   High installation and maintenance costs of smart technology for runway safety measures
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global airport security systems market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Airport Runway Safety System market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting airport security systems market from both demand and supply side and further evaluates market dynamics effecting 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 factors affecting the Airport Runway Safety System market in these regions.

IMPACT OF COVID-19 ON AIRPORT RUNWAY SAFETY SYSTEM MARKET

The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. There is a tremendous shift in the airport operations and several other passenger processing changes due to the fast-spreading nature of this disease. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus's transmission. Thus, the airport management is bound to be more proactive and capable of implementing safety transformation to ensure the passengers safe and healthy air travel. Further, safety equipment and systems on runways is an essential requirement at military airports and at all times in civil airports as well. Therefore, the impact of COVID-19 on Airport Runway Safety System market is neutral.

MARKET PLAYERS

The reports cover key developments in the Airport Runway Safety System 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 & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Airport Runway Safety System market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Runway Safety System market. Below mentioned is the list of few companies engaged in the Airport Runway Safety System market.

The report also includes the profiles of key Airport Runway Safety System market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Honeywell International
  
•   Saab AB
  
•   Varec
  
•   ADB airfield solution
  
•   Aviation Safety Technologies
  
•   NEC Corp
  
•   Boeing
  
•   Indra Navia
  
•   Airsight
  
•   Vardhman Airport Solutions Pvt 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.

Airport Runway Safety System Report Scope