Global Airport Operations Market; by Airport Size (Class A, Class B, Class C, Class D); By Application Type (Smart Tag & RFID, Ground Support Equipment, 5G infrastructure, Biometric Solution, Electronic Gate, Baggage Scanners, and Cyber security Solutions); And By Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Airport industry consists of companies running international, domestic, civil or public flying airports or flying areas. Airport operations are distributed data network that allows the industry to monitor and locate various components in a new, elegant, and secure manner while preventing forgeries and improving maintenance capabilities. Additionally, various technologies offer solid security with tamper-resistant data where all product information is encoded.
Global airport operations market registered a growth of USD XXXX billion in 2019 and is expected to grow at a CAGR of XX% till 2030 due to the rising investments by major giants including IBM Corporation and Siemens AG in production of intelligent airport solutions. Furthermore, growing use of smart phones and other smart devices as well as high demand for advanced airport operations is driving the growth in the industry. Airport management tends to make operations run smoothly. Efficient airport management reduces the waiting period of passengers and provides better facilities.
Airport Operations Market: Segments
Global airport operations market has been segmented on the basis of technology, airport size and region.
The biometric solution segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
By Application type the global Airport Operations Market is segmented into Smart Tag & RFID, Ground Support Equipment, 5G infrastructure, Biometric solution, Electronic gate, Baggage Scanners, and Cyber security Solutions. The use of biometrics for passenger screening in the aviation industry provides the ability to collect data for airlines and aviation’s. The storage of passenger information for biometrics and for ID tracking management can improve their safety by airlines and airports. Most passengers use a smart phone to quickly connect baggage tracking features, alerts, and customized services to their aviation.
Global Airport Operations Market: Market Dynamics
Need for better airport operations and better transparency to increase market growth
Growing use of smart phones and other smart devices and rising need for advanced airport operations is driving growth in the industry. Airport management tends to make operations run smoothly. Efficient airport management reduces the waiting period of passengers and provides better facilities. Airport management tends to make operations run smoothly. In addition, airport operation is incorporated into IoT, which is expected to drive the worldwide airport operation market to improve transparency and productive supply chain.
High infrastructural cost to restraint the growth of the airport operations market
Rising infrastructure costs have marginally decreased the revenue profit over the last five years. Ground supporting equipment on the ramp side of airports ensures that aircraft luggage and freight as well as departure and boarding of passengers and crew are secure and effective for pick up and drop.
Global Airport Operations Market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
In terms of technology and infrastructure, North America is the most developed region. Increasing airlines and airports use of technology in this area is one of the key factors that influence the area’s development. The involvement of key players on the markets and major airports is essential to the development of the airport operations market in the region. Asia Pacific was the worst affected in the first quarter of 2020 with one- fourth less expected rate of traffic than without the COVID-19, according to ACI World figures.
Global Airport Operations Market: Key Players
• FLIR Systems
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Siemens AG
• Thales Group
• Amadeus IT Group
• Collins Aerospace
• Fluke Corporation
• Daifuku Co., Ltd.
• Other prominent players
Airport operations market report also contains analysis on:
• Airport Operations Market Segments:
• By Application type:
o Smart Tag & RFID
o Ground Support Equipment
o 5G infrastructure
o Biometric solution
o Electronic gate
o Baggage Scanners
o Cyber security Solutions
• By Airport size:
o Class A
o Class B
o Class C
o Class D
• Airport Operations Market Dynamics
• Airport Operations Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints