The global airport operations market size was US$ 7.7 billion in 2021. The global airport operations market size is estimated to reach US$ 13.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.
Airport operations consist of a variety of procedures that ensure that an aircraft operates smoothly and effectively and in a variety of conditions. They are mainly classified into information management, landside operations, airside operations, and financial operations. It contains aircraft landing and navigation, air traffic management, ground handling safety, and runway management. Landscaping operations are oriented toward passenger service and maintenance of airport terminal buildings. This contains operations such as passenger baggage handling, check-in, and parking facilities, tagging, staff, and resource allocation vehicle traffic management. The financial operations involve non-aeronautical and aeronautical billing and invoicing operations, staff payrolls, and point of sales among others. Information Management System is concerned with gathering and distributing a variety of information such as arrivals and departures, daily flight information, important announcements, and airline connections. The growth in air traffic around the world and the adoption of new operational technologies have raised the importance of airport operations over the past decade.
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Factors Affecting Market Growth
Investment growth to support greenfield and brown filed airport operations, increase in passenger traffic, and adoption of new technologies supporting automation and self-services are the factors driving the global market.
Nowadays, most airports are concentrating on reducing their operating charges, improving operational efficiency, and decreasing their carbon footprint which is expected to drive the global market.
COVID-19 had a negative impact on the global market and has turned the business dynamics within the forecast timeframe thus hindering the global market.
Impact Analysis of COVID-19
COVID-19 had negatively impacted the global market. It has resulted in a reduction in global passenger travel as a result of the rapid spread of the virus and containment measures, such as government advisories to stay home and airport closures, which declined global air traffic in February and March 2020. The growth in aeronautical and non-aeronautical revenue has almost come to a halt as a result of the sudden decline in air traffic. The aeronautical revenue that airports receive from airlines, such as aircraft landing fees and security fees, is reduced when airlines reduce capacity.
Regional Analysis
North America held dominant in the global airport operations market in 2021. This is owing to the increase in the number of airports in the region, strategic upliftment of vendors, and recommendations for the airport operations market considering the current updates in the region. In terms of the number of airports, the United States alone has about 13,000 airports. In addition, in terms of airport operations, the United States is also at a significant pace as there are many small and medium companies. For example, Kentucky-based Louisville Muhammad Ali International Airport (SDF) announced that it has redesigned its Security Operations Center (SOC) to integrate the technology needed to protect passengers and cargo traveling through its facilities. and reflect security strategies. This SDF ranks third in the United States. Thus, all these factors collectively drive the global market growth in the region.
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Leading Competitors
The prominent players in the global airport operation market are:
ES Mobility
Huawei Technologies Co.
Damarel Systems International Ltd
Amadeus IT Group
Inform GmbH
Thales
Teledyne Technologies Incorporated
Daifuku Co.
Raytheon Technologies Corporation
Siemens
Others
Segmentation Analysis
The global airport operation market segmentation focuses on Platform, Airport Category, Airport Class, Operation, and Region.
Segmentation on the basis of Platform
Service
Software
Hardware
Segmentation on the basis of Airport Category
General Aviation Airports
Reliever Airports
Cargo Service Airports
Commercial Service Airports
Segmentation on the basis of Airport Class
Class A
Class B
Class C
Class D
Segmentation on the basis of Operation
Financial Operation
Landside Operations
Airside Operations
Information Management
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Airport Operations market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Airport Operations market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Airport Operations market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Airport Operations business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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