Airport Runway Safety Systems Market to Get a New Boost: Varec, Saab, Boeing
The Airport Runway Safety Systems Market refers to the industry segment focused on the development, manufacturing, implementation, and maintenance of various safety systems and technologies designed to enhance safety and prevent accidents on airport runways. These systems are critical for ensuring the safe movement of aircraft, vehicles, and personnel on and around airport runways, taxiways, and aprons.
Some of the key players profiled in the study are Honeywell International (United States), Varec (United States), Saab (Sweden), ADB Airfield Solutions (Canada), Aviation Safety Technologies (United States), Boeing (United States), Indra Navia (Norway), NEC (Japan), Airsight (France), Vardhman Airport Solution Private Limited (India).
According to HTF Market Intelligence, the Global Airport Runway Safety Systems market to witness a CAGR of 6.7% during forecast period of 2024-2030. Global Airport Runway Safety Systems Market Breakdown by Type (Radar and Landing Systems, Lighting Systems, Other) by Airport Type (Commercial Airport, Military Airport) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 603.8 Million.
Market Trends:
- Integration of advanced sensor technologies for real-time monitoring.
Market Drivers:
- Increasing air traffic necessitates improved safety measures. Technological advancements enhancing runway safety systems.
Market Opportunities:
- Growing demand for runway safety systems in emerging markets.
Market Restraints:
- Limited awareness and training for airport personnel on new safety technologies.
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