Global Airport Operations Market is valued at USD 7438.5 Million in 2021 and is expected to reach USD 11559.3 Million by 2028 with a CAGR of 6.5% over the forecast period.
Airport Operations Market Size, Share & Trends Analysis Report by Operation Area (Ground Operations, Airside Operations, Billing And Invoicing, Information Management Areas) By Airport Category (Class A, Class B, Class C, Class D, Class E) By Technology (Passenger Screening, Baggage Scanners, 5G Infrastructure, E-Kiosk, Others), Based On Region, And Segment Forecasts, 2022 – 2028
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Airport Operations Market: Market Scope
The global airport operations market is going to see a significant amount of growth as the travelling increases with the rise in disposable incomes. The airport operations include a multiple range of processes. These processes are meant to ensure that an aircraft runs in a smooth manner and also effectively in many different situations. The airport operations are categorized into the airside operations, financial operations, landside operations and information management.
The airside operations also include the air traffic management, runway management, aircraft landing and navigation as well as ground handling safety. It further includes processes such as the passenger check-ins, parking facilities, baggage handling, staffing and other operations. It also includes the financial operations such as billing, invoicing, staff payment and point of sales among the other operations. Another aspect which is included is the information management such as announcement handling, flight information and other related information.
Airport Operations Market: Competitive Analysis
Some of the major airport operations companies 2021 are Cisco Systems, Inc., Honeywell International Inc., IBM, Indra, QinetiQ, Raytheon Technologies Corporation, Siemens, SITA. Teledyne Technologies Incorporated, Thales, Daifuku Co., Ltd., Damarel Systems International Ltd, Amadeus IT Group, Inform GmbH, Aena, Huawei Technologies Co., Ltd and ES Mobility. The global airport operations key players are working on ways on how they can come up with the management systems and products which can make it easier for the airport authorities to manage their operations.
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Airport Operations Market: Segmentation Analysis
In terms of segmentation, it is the commercial airport applications which have been doing the most revenue in the last few years. The reason behind this development has been the commercial air travel which has taken place at a significant level in the last few years and that is driving the growth of the market significantly. The market is also going to increase for the airport management systems which will lead to information being unified into one single system for all the operations.
By Operation Area:
- Ground Operations
- Airside Operations
- Billing and Invoicing
- Information Management Areas
- Others
By Airport Category
- Class A
- Class B
- Class C
- Class D
- Class E
By Technology
- Passenger Screening
- Baggage Scanners
- 5G Infrastructure
- E-Kiosk
- Others
Airport Operations Market: Regional Analysis
Airport operations statistics suggest that the North American region is going to be the one which is going to show the greatest amount of development in the market and that is because of the continuous adoption of technology. Also, higher incomes allow more air travel which is going to benefit this market. Further, it is the Asia Pacific market which is going to show a growth in this market as the travel takes place after coronavirus pandemic. However, the travel restrictions which currently exist for China are one of the main reasons why the market has been restricted a bit but it is expected to rise in the coming years. Europe too has a good adoption of this market and will be growing continuously in the coming years.
On Special Requirement Airport Operations Market Report is also available for below region:
North America
- US, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
Airport Operations Market: Key Drivers
Airport operations growth is based on the factors such as the entire safe operation of the environment of the airport and the passenger safety depends on the airport security. Despite having many multi-layered security systems for the passport and luggage scans and other scans, the airports have recently become targets of cyber-attacks and such assaults can incur a heavy loss on the travel business particularly the airline industry. It is estimated that the hacks can cause a loss that can run into hundreds of billion dollars every year. Airport operations being managed properly has become the need of the hour.
The success of many individual stakeholders in the airport management systems is going to be a big factor in the development of the global airport operations market. Every agent from the landside to the terminals to the airside are expected to be placed on one uniform platform and that is going to enable the real-time analysis for assisting in the decision making. By connecting the processes and the systems all across the airports, the total airport management system also promotes the data driven-decision making. The comprehensive management of KPI as well as the integration of operations is going to help in the development, upkeeping and adoption of the airport operational plan on the basis of performances. This is going help in keeping the fairness and the resolution of many conflicts of interest in between the stakeholders.
Many factors like the rise in the investment for supporting the brown field as well as the green field operations and the rise in traffic of passengers along with automation and technological development are all factors which are helping in the development of this market all over the world. Another factor which is going to show an increase in growth is the shift to the electric vehicles which will lead an innovation in the landside of the operations.
Airport Operations Market: Key Trends
Airport operations trends suggest that the rise in the aviation traffic in the recent past has been on account of many different factors. The main reason has been the expansion in the economy and population which is fueled by the burgeoning middle class. The expansion in air traffic is happening annually. Further, the trend of development of low-cost airlines and the introduction of competitive rates as well is growing the global airport operations market. The coronavirus pandemic was a hit to the aviation industry as the market suffered from the borders being closed and the travel being restricted. However, it is now acting in the benefit of the airline industry as the consumers are making an attempt to cover up for the two years that they have missed travelling.
The aviation industry is witnessing an anticipated rise in the reservations with the border restrictions being relaxed. The international revenue has grown over three times in the recent past. The flight to different routes in both the developed and developing nations have increased over and above what they were in the pre-pandemic times. Airport operations 2022 projections look good as it is anticipated that the market will continuously show growth over the coming years as people travel to make up for lost time in the pandemic.
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Recent Developments
- LLA Automates Airport Operations with SITA Technology.
On February 28th, 2022; London Luton Airport (LLA) in U.K. has announced that it has implemented SITA’s Airport Management Solution to modernize its day-to-day operations at the airport. Further LLA added that with this technology it has automated its daily routines at the airport including aircraft bus schedules & weekly aircraft stand planning.
- Brussels South Charleroi Airport and EMMA Systems Collaborated to Implement an Airport Operations Management Platform.
On November 9th, 2021; Belgium’s second largest airport Brussels South Charleroi Airport agreed to collaborate with EMMA System’s platform. The main aim of this collaboration is to jointly configure, test & commission an airport operations management platform at BSCA.
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