Global Airport Operations Market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2027, growing at a CAGR of 11.0% during the forecast period
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 2027", market is estimated to be USD 8.3 billion in 2020 and is predicted to reach USD 14.3 billion by 2027, 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