Global Airport Operations Market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2025, growing at a CAGR of 11.0% during the forecast period

Published Date: Jul, 2020

The report Airport Operations Market by Technology (Passenger Screening [Hand Held Scanners, Walk Through Scanners, Full Body Scanners], Baggage Scanners, Smart Tag & RFID, E-Gate & E-Kiosk [Smart Boarding Systems & Smart Biometric Systems], 5 G Infrastructure, Cybersecurity Solutions, Ground Support Equipment) - Global Forecast to 2025", market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2025, growing at a CAGR of 11.0% during the forecast period. With the ongoing COVID-19 pandemic, the manufacturing industry is badly hit. The manufacturing slowdown in China has affected the manufacturing business in more than 15 countries, due to country-wide lockdowns, strict international border controls, social distancing measures for workers, and supply chain issues from China. Moreover, according to the ISM global supply chain survey results, more than 75.0% of the manufacturing firms reported disruptions in the supply chain, owing to transportation restrictions due to countrywide lockdowns to avoid the spread of COVID-19 virus.

Based on technology, the airport operations market is categorized into passenger screening, baggage scanners, smart tag & RFID, E-gate & E-kiosk, 5G infrastructure, cybersecurity solutions, and ground support equipment. The passenger screening market is further being bifurcated as hand held scanners, walk through scanners, and full body scanners. E-Gate & E-Kiosk segment is further segmented into smart boarding systems and smart biometric systems. The current pandemic of COVID-19 has created ripples across several industry verticals. The ongoing pandemic has led to the suspension of passenger flights, which is causing setback in ground support equipment segment. Ground support equipment on the airport operations is responsible for its smooth functioning such as timely loading and unloading of baggage and cargo from the aircraft, including boarding of passengers and crew members. According to the estimates of the International Air Transport Association (IATA), more than 150 countries has imposed air travel restrictions due to ongoing COVID-19 crisis. This has resulted in loss of revenue for ground handlers in the first quarter of 2020. Moreover, the orders for the ground support equipment that were scheduled to be delivered have also been disrupted due to supply chain constraints.

Global Airport Operations Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Passenger Screening [Hand Held Scanners, Walk Through Scanners, Full Body Scanners], Baggage Scanners, Smart Tag & RFID, E-Gate & E-Kiosk [Smart Boarding Systems & Smart Biometric Systems], 5 G Infrastructure, Cybersecurity Solutions, Ground Support Equipment)

XXX (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

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“North America to hold the largest regional market share in 2019.”

North America is the largest revenue contributor in the airport operations market due to growth of pandemic massively in the region. The demand for opening up of different revenue strategies has been in thinking by the companies based in the region in order to fight coronavirus. The number of COVID-19 cases in North America is also enhancing rapidly with registered cases of almost 5,04,780 and 18,763 deaths as registered in the first week of May.

Some of the major players in the global airport operations market include FLIR Systems (US), Honeywell (US), SITA (Switzerland), Collins Aerospace (US), Siemens AG (Germany), Fluke Corporation (US), Thales Group (France) Daifuku Co., Ltd. (Japan), Amadeus IT Group (Spain)

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Technology, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

FLIR Systems (US), Honeywell (US), SITA (Switzerland), Collins Aerospace (US), Siemens AG (Germany), Fluke Corporation (US), Thales Group (France) Daifuku Co., Ltd. (Japan), Amadeus IT Group (Spain)

Global Airport Operations Market Coverage

Technology Insight and Forecast 2015-2025

  • Passenger Screening
    • Hand Held Scanners
    • Walk Through Scanners
    • Full Body Scanners
  • Baggage Scanners
  • Smart Tag & RFID
  • E-Gate & E-Kiosk
    • Smart Boarding Systems
    • Smart Biometric Systems
  • 5 G Infrastructure
  • Cybersecurity Solutions
  • Ground Support Equipment

Geographical Segmentation

Airport Operations Market by Region

North America

  • By Technology
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Airport Operations Market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2025, growing at a CAGR of 11.0% during the forecast period