Airport Operations Market Research Report—Global Forecast till 2030

Airport Operations Market Research Report: Information by Operation Type (Terminal Infrastructure Maintenance and Upgrade, Passenger Screening, Catering and QSR, Smart Technologies, Baggage Screening, Aircraft MRO), by Airport Size (Class A, Class B, Class C, Class D), by Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2030

ID: MRFR/ICT/9557-HCR | January 2023 | Region: Global | 120 Pages         

Airport Operations Market

Airport Operations Market is expected to grow USD 13.8 billion at a CAGR 6.3% during the forecast 2022-2030.
Market Size
CAGR
Dominating Region
Forecast Period
$13.8 billion
6.3%
North America
2022-2030
Segmentation
By Operation Type
By Airport Size
By Region
  • Terminal Infrastructure Maintenance and Upgrade
  • Passenger Screening
  • Catering and QSR
  • Smart Technologies
  • Baggage Screening
  • Aircraft MRO
  • Class A
  • Class B
  • Class C
  • Class D
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Companies Profiled
Key Players
Collins Aerospace (US)
FLIR Systems
Inc. (US)
Fluke Corporation (US)
Daifuku Co.
Ltd. (Japan)
Amadeus IT Group SA (Spain)
Market Driving Forces
Drivers
Increase in the use of Smartphone
Increasing need for real-time information
Increasing passenger traffic across the globe
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Airport Operations Market Forecast


The global Airport Operations Market size is projected to be worth ~USD 13.8 billion by 2030, registering a CAGR of ~6.3% during the forecast period (2022 - 2030)


Airport Operations cover a wide range of procedures that make sure an aircraft operates efficiently in a variety of circumstances. The primary categories for airport operations are information management, financial operations, airside operations, and landside operations. The airside operations cover runway management, ground handling safety, aircraft landing & navigation, and air traffic control. The focus of landside operations is on passenger service and building maintenance for airport terminals. It covers activities like check-in for passengers, bag handling & labeling, parking facilities, controlling traffic for vehicles, staffing, and resource allocation, among others. The financial operations include point-of-sale operations, staff payrolls, and billing & invoicing operations for both aeronautical and non-aeronautical products. A variety of information, including arrival and departure times, daily flight information, significant announcements, and airline connections, are gathered and distributed by the information management system. Over the past ten years, the importance of airport operations has increased due to the increase in air traffic around the world and the adoption of new operational technologies.


COVID-19 Analysis Of Airport Operations Market


The impact that COVID-19 has had, both quickly and considerably, on airport traffic and revenue has been significant. As a result of the COVID-19 pandemic, there was a decline in passenger travel around the world. According to ACI, the problem first manifested itself in Asia-Pacific; however, the rapid spread of the virus and the containment measures that were put into place as a result of the rapid spread of the virus, such as government advice to stay home and airport closures, led to a decline in global air traffic. As a direct consequence of the sharp fall in air traffic, practically all aspects of the aviation and non-aviation industries have seen their revenue plateau. When airlines cut capacity, their aeronautical revenue, which the airports obtain from the airlines in the form of aircraft landing fees and security costs, goes down. Non-aviation revenue at airports, such as that generated by duty-free stores, dining establishments, and parking lots, falls when fewer passengers use those facilities.


Airport Operations Market Dynamics


Drivers



  • Increase in the use of Smartphone

    • An increase in the usage of self-service technologies at airports is one of the reasons anticipated to boost the airport operations market. Additionally, it is projected that the industry would grow as a result of airports' recent increase in IT spending. Future market potential includes rising investments in airport expansion in emerging nations and the rise of smart airports everywhere. The forthcoming market trends include near-field communications (NFC), radio frequency identification (RFID), and unattended bag-drop facilities.



  • Increasing need for real-time information

  • Increasing passenger traffic across the globe


Airport Operations Market Opportunities



  • Rising technological advancement

    • It is anticipated that the implementation of blockchain technology and the rising automation of the overall airport management systems will result in a complete overhaul of the operations that take place within an airport's terminals. To provide passengers with improved service and a more positive experience overall, contemporary airport terminals are rapidly adopting cutting-edge technologies such as artificial intelligence (AI) powered self-service kiosks and robots.




Value Chain Analysis


The global airport operations collection market is projected to exhibit significant growth during the forecast period. This is attributed to factors such as the rising usage of smartphones, the growing need for real-time information, and increasing passenger traffic. The value chain analysis for the market is comprised of five major components, which start with research & product development, followed by product manufacturing, distribution & sales, and end with post-marketing surveillance.


Airport Operations Market Segment Overview


By Operation Type


Based on operations type, the global airport operations market is segmented into baggage screening, terminal infrastructure maintenance and upgrade, smart technologies, passenger screening, catering and QSR, and aircraft MRO. The baggage screening segment is expected to hold the largest market share during the forecast period. Major airports are concentrating on reducing passenger wait times at checkpoints while maintaining a high level of security. Airports are implementing cutting-edge and creative technologies to enhance bag screening. The need for sophisticated baggage screening systems is primarily driven by increased air passenger traffic and global security threats. To stop terrorism and the transfer of illegal materials, new regulations by airport regulatory agencies require airports to install intelligent systems that can identify a variety of dangerous commodities and substances.


By Airport Size


Based on airport size, the airport operations market is segmented into class A, class B, class C, and class D. The class B segment is expected to grow at the highest CAGR over the forecast period. The rise in the segment's size can be attributed to an increase in passenger traffic from smaller cities, which has been a major contributor to the desire for airports to expand and upgrade their facilities.


Airport Operations Market Regional Analysis


The airport operations market based on the region has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.


During the forecast period, it is anticipated that the Asia Pacific would account for a sizeable share of the market. It happens as a result of the growing demand for upgrading current airports from expanding economies like China and India. Additionally, the industry is expected to expand because of the rise of the internet of things (loT) enabled smartphone solutions. During the forecast period, Europe is expected to see the highest rise in passenger travel activity. The airport operations market is being driven by the growing need for airport management systems in the rest of the world to increase the operational effectiveness of airports in Latin America, the Middle East, and Africa.


Airport Operations Market Competitive Landscape


The key industry players are adopting various business strategies such as significant investments in R&D activities to increase their market presence and expand their product portfolio thereby, driving the airport operations market. In addition, the airport operations market players are adopting several strategic initiatives such as new product launches, mergers & acquisitions, contractual agreements, increasing investments, and collaboration with other players to expand their global footprint. For instance, in March 2018, The Airports Authority of India (AAI) increased the scope of its contract with air transport IT supplier SITA, enabling the latter to set up its baggage management system, BagManager, at 15 airports across India.


List of companies covered in airport operations market:



Recent Developments



  • In June 2022, the purchase of 62 electric cars by Delhi International Airport Limited (DIAL) is expected to improve its airside operations. Within three to four months, it is expected that gradually introducing electric vehicles will result in a reduction of 10,000 tonnes of greenhouse gas emissions annually.

  • In May 2020, in a joint effort with Carnegie Robotics, Pittsburgh International Airport (PIT) became the first airport in the United States to install autonomous robotic cleaners with built-in ultraviolet LEDs to modernize the way airport infrastructure is cleaned.

  • In October 2019, SITA, a multinational technology company, had an agreement to administer and support all passenger processing, baggage management, and airport operations systems at Kotoka International Airport in Accra, Ghana.


Report Overview


The study covers the existing short-term and long-term market effects. It helps decision-makers to draught short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the Rest of the World. The report analyzes market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the airport operations market.


Study Objectives



  • To provide a detailed analysis of the market structure and forecast for the next eight years of the various segments and sub-segments of the airport operations market

  • To provide insights about factors affecting the market growth

  • To analyze the airport operations market based on various factors- price analysis, supply chain analysis, Porter's five force analysis, etc

  • To provide historical and forecast revenues of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, and the Rest of the World

  • To provide country-level analysis of the market with respect to the current market size and future prospective

  • To provide country-level analysis of the market for segments by operation type, and airport size

  • To provide strategic profiling of key players in the market, comprehensively analyze their core competencies, and draw a competitive market landscape

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the airport operations market


Airport Operations Market Segmentation:


Global Airport Operations Market, By Operation Type



  • Terminal Infrastructure Maintenance and Upgrade

  • Passenger Screening

  • Catering and QSR

  • Smart Technologies

  • Baggage Screening

  • Aircraft MRO

  • Others


Global Airport Operations Market, By Airport Size



  • Class A

  • Class B

  • Class C

  • Class D


Global Airport Operations Market, By Region



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America




Intended Audience



  • Airport operations product manufacturers and suppliers

  • Research and Development (R&D) Companies

  • Government & Independent Research Laboratories

  • Government and Independent Regulatory Authorities

  • Market Research and Consulting Service Providers

  • Academic Institutes and Universities



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: ~USD 13.8 Billion
  CAGR   ~6.3%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2018-2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Operation Type, and Airport Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World
  Key Vendors   • Collins Aerospace (US) • FLIR Systems, Inc. (US) • Fluke Corporation (US) • Daifuku Co., Ltd. (Japan) • Amadeus IT Group SA (Spain)
  Key Market Opportunities   Rising technological advancement
  Key Market Drivers   • Increase in the use of Smartphone • Increasing need for real-time information • Increasing passenger traffic across the globe


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