Global Market for Airport Runway Safety Systems
Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The "Airport Runway Safety Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Airport Runway Safety Systems estimated at US$739.2 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Airport Radar & Landing Systems, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Airport Lighting System segment is readjusted to a revised 6.5% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $196.1 Million, While China is Forecast to Grow at 11.7% CAGR
The Airport Runway Safety Systems market in the U.S. is estimated at US$196.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$336.9 Million by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Select Competitors (Total 42 Featured) -
- ADB Airfield Solutions
- Aviation Safety Technologies (AST)
- Boeing
- Honeywell International
- Indra Navia
- NEC
- Saab
- Varec
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 244 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $739.2 Million |
| Forecasted Market Value (USD) by 2030 | $1300 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/nz53fh
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