RUNWAY DEBRIS MONITORING SYSTEM (RDMS) MARKET REPORT OVERVIEW
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The global runway debris monitoring system (RDMS) market size was USD 26 million in 2020 and is projected to touch USD 33.77 million by 2031 at CAGR 4.8% during the forecasting period.
The global COVID-19 pandemic has been unprecedented, staggering, as the runway debris monitoring system market are experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
In order to ensure the overall safety of airport flight operations, runway debris monitoring systems, also known as Foreign Object Debris (FOD) Detection Systems, are a specially created system that scans, locates, and prevents any hazard caused by FODs in the entire runway. Leading manufacturers are currently making significant investments in the research and development of cutting-edge sensors and imaging systems, combining them with threat-removal tools and alarm systems, to produce an aviation runway environment that is impregnable. The market for runway debris monitoring systems is expanding due to recent improvements in airport infrastructure and measures taken by various airport authorities to improve their runway systems.
Aircraft operations are significantly impacted by the weather. For instance, the functionality of an aircraft is significantly impacted by the adhesion of the ice and snow to the fuselage, particularly during takeoff. Snow buildup on runways increases the risk of overflight due to the slippery quality of the snow and the fact that significantly larger aircraft operate on short runways. Recently, the Second Research Institute independently developed and produced the airport runway foreign object (FOD) detection system are gaining popularity in the military and the aviation industry.
COVID-19 Impact: Pandemic Dysfunctional Economy to Escalate Market Growth
Due of the sharp decline in aircraft manufacturing, the COVID-19 epidemic had a significant detrimental effect on the world aviation sector. For instance, the diminishing demand for air travel and widespread aircraft cancellations caused the whole airline industry's revenues to decline by 40% to $328 billion in 2020. The market for runway debris monitoring systems is promising in the long run thanks to the near-term cargo air traffic recovery. In addition to the immediate effects, the infrastructure of many airports across the world is undergoing a significant transformation, which is anticipated to lead to a strong need for safety systems like RDMS. Furthermore, the need for RDMS in the military aviation industry is stable, which should help key players maintain their positions. Since the reopening of significant airport infrastructure projects, the pandemic's initial short-term impact on the market was primarily negative. However, this effect is already beginning to turn around.
LATEST TRENDS
"Advanced Technologies as Imaging Systems and Use of Sensors to Propel the Market Growth"
According to reports, the Second Civil Aviation Institute's airport runway foreign matter detection system can automatically complete the real-time monitoring of runway foreign matter, foreign matter information extraction, and automatic evidence gathering. The same type of items is used worldwide to either identify foreign objects on airport runways using optical detection technology or using radar detection technology.
Targets can be categorized based on how much radiation they reflect or emit. An image product, such as an air photo or a satellite image, is finally produced by measuring, recording, and depicting this radiation. Identification of numerous targets within an image is necessary for the analysis of remote sensing data; these targets could be natural or man-made objects, which consist of lines, areas or points.
RUNWAY DEBRIS MONITORING SYSTEM (RDMS) MARKET SEGMENTATION
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- By Type Analysis
Based on type, the runway debris monitoring system (RDMS) market is subdivided into fixed system, vehicle mounted system and others.
- By Application Analysis
Based on the applications, the runway debris monitoring system (RDMS) market is subdivided into civil aviation, military aviationand others.
DRIVING FACTORS
"EmergingRequirement of Safety Systems in Aviation Industry to Boost the Market Share"
Even though there are still horrifying aviation mishaps every day, safety has always been the top concern for the aviation industry for the past century. There have been commendable advancements as a result of technology, training, and risk management. the development of electronics, particularly the development of digital instruments. Other major accomplishments include the development of fly-by-wire technology and advancements in driving safety. Sensor, navigation, and air traffic control technology advancements, including anti-collision systems and runway debris monitoring systems, are all crucial.
"StringentGovernment Regulations to Use Safety Systems in Runway Operations to Embrace the Market Share"
A safe flight is embodied by Runway Safety, both during takeoff and landing. It includes pilots, air traffic controllers, and drivers of airport vehicles, and it remains one of the FAA's top concerns. The FAA is required to seek feedback under Section 514 of the FAA Reauthorization Act of 2000 regarding the necessity of enhancing the safety of runways through the use of engineered material arresting devices, longer runways, and other alternatives that the Administrator deems suitable. In compliance with that statutory requirement, this notice is being published.
RESTRAINING FACTORS
" Limited Skilled Workforce for Handling Advanced Systems to Restrain the Market Growth"
Digital solutions are now used more frequently across a range of industries than in previous years. Although wages are competitive and job sizes are expanding, it will take some time for the shortage of trained individuals who know how to operate sophisticated systems to be filled. Many organizations today use automated systems, artificial intelligence, and other digitized activities in the workplace due to the increased acceptance of automation, which is causing the digital systems to rise by more than 25% annually and thus the shortage of limited skilled workforce handling advanced systems can act as a constraint in the runway debris monitoring system market share.
RUNWAY DEBRIS MONITORING SYSTEM (RDMS) MARKET REGIONAL INSIGHTS
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"North America to Lead the Market with the Presence of Technological Advancements"
The U.S.A accounts for the largest runway debris monitoring system market share, with almost quarter share of imposition by North America. The market growth is driven by the corresponding factors such as implementation and developments of advanced technology in verticals including software, hardware technologies, advanced automated systems and other sectors. Theincrement in the demand ofrising automation and the presence of major industries and the top 3 key players in the North American region results in stimulating runway debris monitoring system market growth.
KEY INDUSTRY PLAYERS
"New Market Strategies Among Players to Boost Market"
The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks. The facts in the report may be subject to change, given the situation of market players from time to time.
List of Market Players Profiled
- Trex Enterprises (U.S.A)
- Xsight (U.S.A)
- Stratech Systems (Singapore)
- QinetiQ (U.K.)
INDUSTRY DEVELOPMENT
August 2021:The GMR Group announced an investment of US$27.26 billion to build new airports in India and expand the ones that already exist.
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 26 Million in 2020 |
Market Size Value By |
US$ 33.77 Million by 2031 |
Growth Rate |
CAGR of 4.8% from 2020 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the runway debris monitoring system (RDMS) market expected to touch by 2031?
The global runway debris monitoring system (RDMS) market is expected to touch USD 33.77 million by 2031.
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What CAGR is the runway debris monitoring system (RDMS) market expected to exhibit by 2031?
The runway debris monitoring system market is expected to exhibit a CAGR of 4.8% by 2031.
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What are the driving factors of the runway debris monitoring system (RDMS) market?
Emerging quirement of safety systems in aviation industry and Stringent government regulations to use safety systems in runway operations are the driving factors of the runway debris monitoring system (RDMS) market.
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Which are the top companies operating in the runway debris monitoring system (RDMS) market?
Western Advance, Henan Plain Photoelectric Co. Ltd, Xsight, Tarsier, Trex Enterprises, Chengdu Saiying Technology Co. Ltd., Stratech Systems, FOD Finder, Qineti and others.
