Airport runway foreign object debris (FOD) detection systems market revenues are likely to witness a decline in 2018, after surpassing US$ 100 million in revenues in 2017. A new study by Fact.MR projects global revenues to grow at a healthy 4% CAGR through 2028. The report opines that market prospects will continue to be heavily influenced by overall investment in airport infrastructure development by governments around the globe.
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The airport runway foreign object debris detection system market continues to be heavily consolidated. The level of consolidation in the airport runway foreign objects debris (FOD) detection systems market can be gauged from Fact.MR’s finding that four players account for over two-thirds revenue share of the market in 2017. The companies – The Stratech Group Limited, Moog Inc., Xsight Systems Ltd., and Trex Aviation Systems – continue to focus on R&D, global expansion, and competitive pricing to strengthen their position.
The Airport Runway Foreign Object Debris (FOD) Detection Systems market study outlines the key regions – North America, Latin America, Europe, Japan, APEJ, and MEA – alongwith the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research 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.
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The Airport Runway Foreign Object Debris (FOD) Detection Systems market report addresses the below-mentioned queries:
• Why are vendors shifting away from traditional methods of manufacturing Airport Runway Foreign Object Debris (FOD) Detection Systems?
• How does the global Airport Runway Foreign Object Debris (FOD) Detection Systems market looks like in the next five years?
• Which end use industry is expected to surpass segment by the end of 2028?
• What innovative products are being introduced by the players in the global Airport Runway Foreign Object Debris (FOD) Detection Systems market?
• Which regions are showing the fastest market growth?
According to the report, high cost of airport runway foreign object debris (FOD) detection systems continues to be a key impediment to growth. High investment to the tune of over US$ 1 million in procuring mobile FOD detection systems and over US$ 7 million in procuring stationary, radar-based FOD detection systems continues to limit widespread adoption.
The Fact.MR study also offers a region-wise analysis on the airport runway foreign object debris (FOD) detection systems market. According to the report, Asia Pacific continues to maintain its position as one of the most lucrative markets for stakeholders in the airport runway foreign object debris (FOD) detection systems market. The lucrativeness of airport runway foreign object debris (FOD) detection systems market can be attributed to the high number of domestic and international air passengers from China, India, Thailand, and southeast Asian countries.
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Crucial insights in the Airport Runway Foreign Object Debris (FOD) Detection Systems market research:
• Underlying macro- and microeconomic factors impacting the growth of the Airport Runway Foreign Object Debris (FOD) Detection Systems market.
• Basic overview of the Airport Runway Foreign Object Debris (FOD) Detection Systems, including market definition, classification, and applications.
• Scrutinization of each Airport Runway Foreign Object Debris (FOD) Detection Systems market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend of Airport Runway Foreign Object Debris (FOD) Detection Systems across various industries.
• Important regions and countries offering lucrative opportunities to Airport Runway Foreign Object Debris (FOD) Detection Systems market stakeholders.