Global Airport Management Market Overview
Airport Management Market Size was valued at USD 0.5 billion in 2022. The airport management market industry is projected to grow from USD 0.6 Billion in 2023 to USD 1.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.9% during the forecast period (2023 - 2030). The growing adoption of smartphones and tablets presents a lucrative potential are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The increase in air traffic and the increasing demand for real-time data exchange among passengers are driving the market CAGR for airpot management. Additionally, the modernization of airport infrastructure and rising airport expansion projects fuel market expansion. The International Air Transport Association (IATA) estimates that by 2030, there will be 8.2 billion passengers worldwide. According to the IATA report, in the next 20 years, China will add 1 billion passengers while the United States adds 481 million. As a result, there is an increase in the number of airports, which increases the need for airport management services.
Growing IT spending by airports for operational improvement to support growth. The demand for AIS at airports has increased as a result of the growing adoption of next-generation technologies on airports to achieve higher operational efficiency and improve passenger experience. The market is expanding as a result of an increase in airline information technology (IT) spending. In order to improve the passenger experience, airports and airlines invested a record USD 50 billion in information technology (IT) in 2021, according to the SITA report.
Furthermore, A significant driver of the Airport Management Market is the steadily increasing IT spending on airports. Increased investment by businesses to reduce operating expenses (OPEX) and implement cutting-edge technologies like wireless connectivity, automated solutions, and check-in kiosks can be inferred from rising IT spending at airports. In order to give their customers more connected, convenient, and controlled travel experiences, airport authorities plan to offer a variety of infrastructure services as a result of growing investments in IT and telecommunications. Due to high IT & telecommunication spending in the airport sector, it is anticipated that this growth driver will have a significant impact in the medium and long terms of the forecast period. As a result, the airport management market revenue is increasing.
Airport Management Component Insights
The Airport Management Market segmentation, based on component includes software and services. In 2022, the software segment dominated, and it is predicted to command a market share by 2030. The software sector includes both the passenger and non-passenger systems. Airports may operate with greater freedom and mass-customize their products and services by utilizing the software. The increased demand for enhanced services by passengers is also propelling the service segment forward.
Figure 1: Airport Management Market, by component, 2022 & 2030 (USD billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Airport Management Airport Size Insights
The Airport Management Market has been divided all across the globe based on airport size class A, class B, class C, class D. This category controlled the majority of Class C airports due to their cheap operating costs and efficient management. Because they are located near the city core, these airports have fewer facilities and services yet provide lower landing costs. Passenger traffic at these smaller airports has consistently increased in recent years, owing to an increase in air travelers' choice for flexible travel alternatives, such as nonstop or direct flights between cities. As a result of increasing air travelers' preference for flexible travel alternatives, such as non-stop or direct flights between cities, passenger traffic at these smaller airport sites has been gradually expanding in recent years.
Airport Management Application Insights
The Airport Management Market segmentation, based on application, includes security, content management, logistics, integration, collaboration, gate management, performance management, business applications and others. The Security sector dominated in 2021 and is predicted to dominate the market by 2030. The segment's growth has been aided by severe government rules governing airport and passenger safety, as well as the trade of illegal goods via air freight.
Airport Management Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. According to revenue share, Asia Pacific dominated the world market for airport management. In nations like China, India, Japan, Malaysia, and Indonesia, there are more airports, and there is a rise in the number of travelers who use them. Governments at both the regional and national levels are also launching new initiatives to improve the infrastructure facilities available to air travelers.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 AIRPORT MANAGEMENT MARKET SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe airport management market accounts for the second-largest market share because countries like the United Kingdom, Germany, France, Russia, and others are investing more money in the aviation industry. Further, the German airport management market held the largest market share, and the UK airport management market was the fastest-growing market in the European region
The North America Airport Management Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the largest aircraft fleet and a large number of airlines present throughout the United States. The market in North America is expanding as a result of the high number of airports and airline spending on airport modernization. Moreover, China’s airport management market held the largest market share, and the Indian airport management market was the fastest-growing market in the North America region.
For instance, the Indian Finance Ministry declared in 2020 that 100 new airports would be constructed by 2030. The Indian government included USD 23.7 billion to support the nation's transport infrastructure in the union budget for the fiscal year 2020-2021.
Noida International Airport (NIA), one of the 21 Greenfield airports in India, joined hands with Amadeus and signed an agreement. As a strategic technology partner, Amadeus will help NIA co-create digital passenger experiences. This deal will facilitate an innovative passenger processing system (PPS), including boarding, baggage reconciliation, common-use check-in, and DigiYatra-enabled biometric capabilities. Over 25 establishments, including an air traffic control tower, passenger terminal, office blocks, sewage & water treatment plants, and more, are coming up in the next couple of months.
The Croatian airport, Zagreb, announced that it has begun using new IT solutions developed by TAV Technologies, creating a better passenger experience, and increasing operational efficiency. The Common Use Passenger Processing System (CUPPS) with PAX Analyzer solution and Travel Document Authorization System (TDAS) will create a unified check-in, boarding, and passenger flow management structure. These technology solutions can manage the overall passenger journey by streamlining passenger touchpoints at Zagreb Airport.
state-owned airport operator Airport Authority of India announced its plans to provide airport management services to ring-fence its future revenues. Airport management services have become necessary to diversify revenue and maintain a steady pool.
The government plans to lease the top 25 AAI-owned airports to private companies. These airport management services include handling airport operations, airside & terminal operations, and others (parking, food & beverage outlets, etc.). AAI will also provide air traffic management and navigation services to the airports.
GMR Infrastructure Limited (GIL) announced a Composite Scheme of Amalgamation and Arrangement of GMR Airports (GAL) with GMR Airports Infrastructure. With the backing of ADP and other shareholders, GMR is well-positioned to grow and thrive in the competitive airport infrastructure market. The merger is a strategic move for GMR Group, building a strong and sustainable business.
Leading market players are making significant R&D investments in order to diversify their product offerings, which will drive the aviation component MRO market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The MRO industry for airplane components must provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the global airport management industry to benefit customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine in recent years have come from the airplane component MRO industry. Major players in the airport management market, such as Microsoft Corporation (US), Blip System (Denmark), Huawei (China), isco (US), SAP SE (Germany), Amadeus IT Group (Spain) and others, are looking to grow their customer bases in the untapped airport management market globally.
Sita Air is a Nepalese airline based in Kathmandu that operates internal flights throughout the country. The airline was founded in 2003. The airline's main hub is Tribhuvan International Airport, with other hubs in Pokhara and Nepalgunj. The airline acquired its air operators certificate in 2000 and was created in October 2000, but owing to political upheaval in Nepal, it was unable to operate until 2003. The operation began on February 6, 2003, with a single Dornier 228; a second plane was added in April 2003. In February 2022, SITA Airport Management Systems automated routine procedures to streamline operations at London Luton Airport (LLA). These streamlined operations enhanced productivity and operational efficiency, saving time and money for London Luton and other airports that used this method. The successful implementation of such projects is expected to assist organizations in gaining more clients in the coming years.
Perth Airport (IATA PER, ICAO YPPH) is an international, domestic, and general aviation airport serving Perth, Western Australia's capital city. It is Australia's fourth busiest airport in terms of passenger movements, and it serves the cities of Belmont, Kalamunda, and Swan. Perth Airport and Jandakot Airport, the other civilian airfield within the mainland Perth metropolitan region located about 20 kilometers (12 miles) south-southwest of the airport's general aviation area,[3] [a] observed a total of 362,782 aircraft movements in 2017. In October 2022, Perth Airport has erected new self-service kiosks and bag drop units, and has stated that it will begin testing biometric passenger screening, with a Singapore Airlines flight being the first to do so. Expansion of existing airports expands the market as well.
In October 2022, SITA, an air transport communications and information technology firm, announced a collaboration with Versa Networks and the debut of SITA Connect Go, a multi-tenant edge secure SD-WAN (Software-Defined Wide Area Network) developed jointly by both businesses for the air transport industry.
In June 2022, Finavia chose Amadeus' cloud-based Airport Operational Database (AODB) for ground handling operations at Helsinki Airport and 19 smaller airports in Finland as part of its airport modernization plan. The successful implementation of such projects is expected to assist organizations in gaining more clients in the coming years.
Airport Management By Component Outlook
Airport Management By Airport Size Outlook
Airport Management Market By Application Outlook
Airport Management Regional Outlook
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size2022 | USD 0.5 billion |
| Market Size 2023 | USD 0.6 billion |
| Market Size 2030 | USD 1.9 billion |
| Compound Annual Growth Rate (CAGR) | 21.9% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Airport Size, Application and Region. |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Microsoft Corporation (US), Blip System (Denmark), Huawei (China), isco (US), SAP SE (Germany), Amadeus IT Group (Spain), QinetiQ, Amadeus IT Group, SITA, Rockwell Collins, Inc, Inform GmbH. |
| Key Market Opportunities | The increase in global market demand for aviation components. |
| Key Market Dynamics | The market demand is driven by airlines' growing diversification globally. |
Airport Management Market Highlights:
Frequently Asked Questions (FAQ) :
The Airport Management Market size was valued at USD 0.5 Billion in 2022.
The global market is projected to grow at a CAGR of 21.90% during the forecast period, 2023-2030.
Asia Pacific had the largest share in the global market
The key players in the market are Microsoft Corporation (US), Blip System (Denmark), Huawei (China), isco (US), SAP SE (Germany), Amadeus IT Group (Spain)
The Security sector airport management category dominated the market in 2022.
The Software had the largest share in the global market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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