Europe Airport Runway FOD Detection Systems Market to Grow at a CAGR of 6.9% to reach US$ 52.75 million from 2020 to 2027

Europe Airport Runway FOD Detection Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Components (Hardware and Services) and End Use (Military Airport and Civil Airport)

Publication Month : Mar 2021

  • Report Code : TIPRE00020048
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 100
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The Europe airport runway FOD detection systems market is expected to grow from US$ 31.48 million in 2019 to US$ 52.75 million by 2027; it is estimated to grow at a CAGR of 6.9 % from 2020 to 2027.



The Germany, France, Italy, UK, and Russia are major economies in Europe. Mounting popularity of smart airports and airport development & expansion activities is expected to escalate the Europe airport runway FOD detection systems market. The exponential growth of the aviation industry over the years has complemented developments in several associated technologies. Internet connectivity plays a critical role in the advancement of the aviation industry. The increasing inclination of government authorities toward smart airports triggers the demand for the integration of smart systems on airports. Governments of developed countries across Europe are investing in smart airport technologies such as smart sensors, communication and network systems, cameras, RFID tags, and wearables owing to rising preference for real-time information and growing demand for advanced connectivity technologies in airport operations. Furthermore, the increasing development of new airports and expansion of existing airports in European countries such as the UK is also expected to drive the growth of the Europe airport runway FOD detection systems market. Such expansion activities are further likely to boost the demand for airport runways FOD detection systems during the forecast period for Europe region.

Further, in case of COVID-19, Russia is the hardest-hit country in Europe, followed by the UK. The two countries are expected to suffer an economic hit due to a lack of revenue from various industries, as the two countries record the highest number of coronavirus cases. Both the countries have substantial number of airports across respective territories. Pertaining to the severity of the situation, the FOD detection system manufacturers operating in the countries are experiencing substantially lesser orders, which is hampering the FOD detection system manufacturer’s business, which is ultimately negatively affecting the airport runway FOD detection systems market. European countries have a high concentration of aerospace contractors. Pertaining to the fact that the majority of the countries have been experiencing a continuous rise in infected patients, the manufacturing facilities are encountering workforce scarcity. This is leading to lesser production, which is hindering the businesses of manufacturing. Since the production volume of various aerospace components is restricted, the demand for advanced technologies and components is also limited, which adversely impact on airport runway FOD detection systems market players’ businesses.                       

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe airport runway FOD detection systems market. The Europe airport runway FOD detection systems market is expected to grow at a good CAGR during the forecast period.

 

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Europe Airport Runway FOD Detection Systems Market Segmentation

Europe Airport Runway FOD Detection Systems Market – By Components

  • Hardware                  
  • Services

Europe Airport Runway FOD Detection Systems Market – By End Use

  • Military Airport
  • Civil Airport

Europe Airport Runway FOD Detection Systems Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe            

Europe Airport Runway FOD Detection Systems Market-Companies Mentioned

  • Navtech Radar
  • Plextek Services Limited
  • QinetiQ Group plc
  • Rheinmetall AG               
  • Thales Group
  • Varec, Inc.                
  • XSight Systems Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Components and End Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

  1. Navtech Radar
  2. Plextek Services Limited
  3. QinetiQ Group plc
  4. Rheinmetall AG
  5. Thales Group
  6. Varec, Inc. 
  7. XSight Systems Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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