Runway Management Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Runway management systems include the use of radar and landing systems, along with lighting systems, to ensure safe and timely landing and take-off of aircraft in both civil and military airports. Runway lighting systems, also known as flare path, are used at night and low visibility to guide the aircraft towards safe landing. Numerous airport authorities are taking initiatives to upgrade their existing runway systems which is creating sufficient demand for runway management systems. Furthermore, well-established aviation companies are providing advanced safety systems for runway management. For instance, Xsight Systems provides AI-powered runway sensing solutions to ensure safety during takeoffs and landing, with maximum runway availability.

MARKET SCOPE

The "Global Runway Management Systems Market Analysis to 2031" 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 Management Systems market with detailed market segmentation by type, door type, end user, and geography. The global Runway Management Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Runway Management Systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global Runway Management Systems market is segmented into radar and landing systems, and lighting systems.
  
•   On the basis of airport type, the market is segmented into commercial airport and military airport.
  

MARKET DYNAMICS

Drivers -

  Mandatory systems for airport safety and operations

  Revamping and upgrading of existing runway systems in commercial airports

  Advancement in sensor and radar systems using AI
Restraints -

  Low acceptance rate in developing countries

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 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Runway Management Systems 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 Management Systems market in these regions.

IMPACT OF COVID-19 ON RUNWAY MANAGEMENT SYSTEMS MARKET

At the onset of the COVID-19 pandemic, the runway management systems market plummeted due to the considerable decline in global air traffic. Moreover, the halt in overall commercial flights worldwide led to a decrease in the demand for airport systems such as runway management systems. However, despite the hiatus in airport operations worldwide, several airport authorities have upgraded the runway infrastructure. For instance, in October 2021, the Airport Authority of India laid out a plan to upgrade runways at seven critical airports across the country. Such initiatives are bolstering the growth of the runway management systems market. Furthermore, the demand for these systems remains persistent across the defense sector as the budgets for defense related projects has been stable and safety of airfield is crucial for military operations. Therefore, the impact of COVID-19 on the market is neutral as airport infrastructure projects continue to be implemented.

MARKET PLAYERS

The report covers key developments in the Runway Management Systems 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 Management Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Runway Management Systems in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Runway Management Systems 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.

•   ADB SAFEGATE
  
•   Airport Lighting Company
  
•   AMA Private Limited
  
•   Avlite
  
•   Eaton
  
•   OSRAM GmbH
  
•   S4GA
  
•   SC ELECTRO MAX SRL
  
•   Vaisala
  
•   Xsight Systems
  

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.

Runway Management Systems Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Radar and Landing Systems Lighting Systems By Airport Type Commercial Airport Military Airport
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ADB SAFEGATE Airport Lighting Company AMA Private Limited Avlite Eaton OSRAM GmbH S4GA SC ELECTRO MAX SRL Vaisala