“According to the Federal Aviation Administration (FAA), there are four categories of runway incursions. Category A is a serious incident in which a collision was narrowly avoided. Category B is an incident in which separation decreases and there is a significant potential for collision, which may result in a time-critical corrective/evasive response to avoid a collision. Category C is an incident characterized by ample time and/or distance to avoid a collision. Category D is an incident that meets the definition of runway incursion such as the incorrect presence of a single-vehicle/person/aircraft on the protected area of a surface designated for the landing and take-off of aircraft but with no immediate safety consequences.”
According to the report, Development of Technologically Advanced Radar & Landing System
is one of the primary growth factors for the market. Rise in Domestic and International Air Travel
is also expected to contribute significantly to the Airport Runway Safety Systems market. Overall, Civil
applications of Airport Runway Safety Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The System, such as Radar and Landing Systems, is boosting the Airport Runway Safety Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Airport Runway Safety Systems market identified that the demand is rising in many different parts of the world as "Rising Investment in the Aviation Industry
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Airport Runway Safety Systems market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Airport Runway Safety Systems market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.