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Airport Runway Safety System Market

Airport Runway Safety System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

In recent days, runway safety has become a major concern, as runways are prone to potential harms due to severe weather conditions, clashes between aircrafts among others.

Several factors such as frequent accidents, clashes can adversely affect the safety of runways. Runway incursion, confusion, and runway excursion are some of the obvious reasons that bring harm to the safety of runways. Runway incursion takes place due to the incorrect presence of any man, vehicle, or aircraft in the protected area designated for take-off or landing of any aircraft. Runway confusion occurs when a single aircraft unintentionally uses a wrong runway for take-off or landing purpose. Runway excursion is a common incident, as aircrafts very often utilize wrong runways to exit. Frequent occurrence of these incidents are harmful to the safety of the runway. This is driving the airport runway safety system market in recent years. Increasing incidents of air crashes has prompted the Federal Aviation Administration to implement stricter norms and regulation to ensure greater safety of air transportation. Stringent norms and regulations are anticipated to drive the global runway safety system market during the forecast period.

Flight crew members face interruption and distraction in air operation, and these kinds of miscommunication adversely impact the safety measures of airport runways. These interruptions cause difficulty in air transportation. This, in turn, is estimated to hinder the the airport runway safety system market during the forecast period. Application of smart technology in airport runway maintenance is a growing trend; however, high installation and maintenance cost of smart technology for runway safety measures is anticipated to restrain the airport runway safety system market during the forecast period.

Government has adopted several initiatives toward the safety measure of airport runway system. Development of air transport infrastructure attracts significant investment from public and private organizations. Development of structural innovation for safe take-off and landing of aircraft is projected to fuel the airport runway safety system market during the forecast period.

In terms of system, the global airport runway safety system market can be segmented into radar & landing system and lighting system. The radar & landing system segment dominated the market and it is likely to maintain its dominance of the market during the forecast period. Radar & landing system enhances the navigation and provides effective measures for air traffic control. Considerable technological advancement in radar & landing system helps improve the surveillance to the pilot, thus projecting a high demand for global airport runway safety systems. Varied safety measures for aircraft take-off and landing and related technological breakthrough are anticipated to propel the global airport runway safety system market during the forecast period.

In terms of geographical locations, the global airport runway safety system market can be segmented into North America, Europe, Middle East & Africa (MEA), and Latin America. Asia Pacific held a significant share of the airport runway safety system market. The region includes a large number of emerging economies such as China, India, and South Korea. Demand for runway safety systems is likely to increase during the forecast period due to the rising investment in the aviation industry the region Rising disposable income coupled with increasing business activity fuels the rise of domestic and international air travel. This is a major factor driving the airport runway safety system market in the region. North America held a considerable share of the airport runway safety system market. A Large number of airports in the U.S. are identified as high-risk airports with serious threat from runway incursions. Therefore, the region has to abide by the FAA’s safety standards. FAA emphasizes on the optimization of safety of the aviation industry in the surface and in the air. Stringent guidelines of the FAA help boost the airport runway safety system market in North America.

Key players operating in the global airport runway safety system market include Honeywell International, Saab, Varec, and ADB airfield solution.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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