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According to Custom Market Insights (CMI), the Global Airport Operations Market was estimated at USD 7.7 billion in 2021 and is expected to reach USD 8.34 billion in 2022 and is anticipated to reach around USD 13.5 billion by 2030, growing at a CAGR of roughly 6.5% between 2022 and 2030.
Overview
Global Airport Operations Market
Airport Operations Market: Overview
Airport Operations Market Size, Trends and Insights By Operation Type (Baggage Screening, Catering and QSR, Passenger Screening, Terminal Infrastructure Maintenance Upgrade, Smart Technologies, Aircraft MRO, Others), By Airport Size (Class A, Class B, Class C, Class D), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022 2030
According to Custom Market Insights (CMI), The Airport Operations Market size was estimated at USD 7.7 Billion in 2021 and is expected to hit around USD 13.5 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.
Companies that manage domestic, foreign, civil, and public airports or flying regions make up the airport industry. The industry can monitor and identify numerous components in a novel, elegant, and secure way thanks to airport operations distributed data network, enhancing maintenance capabilities and preventing forgeries.
Diverse technologies provide strong security with tamper-resistant data and encoded product information. This includes airport managers, except those offering to park, renting out hangar space, air traffic control, baggage handling, cargo handling, and other amenities. A fixed-base operator typically manages the services. TSA, gateway operations, and customer service are just a few of the services that make an airport work more efficiently.
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Airport Operations Market: Growth Drivers
The airport operations market is increasing as a result of rising consumer demand for modern airport operations and the rising use of smartphones and other smart devices. Typically, an airports administration ensures smooth operations. Effective airport management results in shorter wait times and better amenities. Typically, an airports administration ensures smooth operations. Additionally, IoT integration into airport operations is predicted to grow the market for airport operations globally by improving the productivity and transparency of the supply chain. Additionally, the adoption of total airport management (TAM) technology to control aviation traffic will create new market opportunities.
An increase in the number of airports and a rising desire for digital transformation at airports is now driving the expansion of the airport operations market. The Central Intelligence Agency estimates that there are about 41,700 airports worldwide. Along with this, there is an increase in smart airport transformation, which has led to significant internal changes in management systems, including appropriate airport management systems, advanced passenger screening, security measures, and other developments. Processes and services must be updated to provide passengers and customers with a better airport experience.
The seamless integration of systems and services, including those provided by partners like airlines, security, customs, concessions, and ground handlers, is another benefit of such conversions.
Report URL: https://www.custommarketinsights.com/report/airport-operations-market/
Airport Operations Market: Regional Analysis
Significant companies like IBM Corporation, Collins Aerospace, Raytheon Technologies Company, and other crucial players are expected to cause North America to witness a high CAGR in the market during the research period. The rising demand for digital management at airports is causing the industry in the US to grow. North America has seen the most development. The rising use of technology by airports and airlines is one of the key elements impacting the development of this field. Major airports and market participants must participate for the local airport operations market to expand.
Airport Operations Market: Recent developments
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2022: In order to modernize its daily operations at the airport, London Luton Airport (LLA) in the United Kingdom announced that it had deployed SITAs Airport Management Solution. By employing this technology, LLA added that it could automate daily chores at the airport, such as making plans for weekly aircraft stands and bus schedules.
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2022: Delhi International Airport Limited (DIAL) expects to boost its airside operations after purchasing 62 electric vehicles. It is anticipated that gradually adopting electric vehicles will reduce 10,000 tonnes of greenhouse gas emissions every year within three to four months.
Key Players:
- Collins Aerospace
- Fluke Corporation
- FLIR Systems Inc.
- Daifuku Co. Ltd.
- Thales Group
- SITA
- Amadeus IT Group SA
- Honeywell International Inc.
- Siemens AG
- SABRE GLBL INC.
- Others
Press Release: https://www.custommarketinsights.com/press-releases/airport-operations-market-size/
The Airport Operations Market is segmented as follows:
By Operation Type
- Baggage Screening
- Catering and QSR
- Passenger Screening
- Terminal Infrastructure Maintenance Upgrade
- Smart Technologies
- Aircraft MRO
- Others
By Platform
- Hardware
- Software
- Service
By Airport Category
- Commercial Service Airports
- Cargo Service Airports
- Reliever Airports
- General Aviation Airports
By Airport Class
- Class A
- Class B
- Class C
- Class D
By Operation
- Information Management
- Airside Operations
- Landside Operations
- Financial Operation
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
- Rest of North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Browse Other Custom Market Insights coverage of the Aerospace & Defense Industry
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