Report Code: CMI23077

Published Date: April 2023

Pages: 220+

Category: Aerospace & Defense

Report Snapshot

CAGR: 6.5%
7.7B
2021
8.34B
2022
13.5B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Collins Aerospace
  • Fluke Corporation
  • FLIR Systems Inc.
  • Daifuku Co. Ltd.
  • Thales Group
  • SITA
  • Others

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Reports Description

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. Our research report offers a 360-degree view of the Airport Operations market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Airport Operations market.

  • The various methods used in airport operations guarantee an aircraft’s efficient and effective operation under various circumstances. Most of their classifications are information management, aviation operations, ground operations, and finance operations. It includes runway management, ground handling safety, air traffic control, and aircraft landing and navigation.
  • The major goals of landscaping operations are to provide for passengers and maintain airport terminal buildings. Operations, including passenger baggage handling, check-in, resource allocation, staffing, parking, and vehicle traffic management, are included in this. The financial operations include, among other things, employee payrolls, point of sale activities, non-aeronautical & aeronautical billing, and invoicing procedures. The information management system focuses on gathering and distributing various types of information, such as arrivals & departures, daily flight information, significant announcements, and airline connections.
  • Over the past ten years, the relevance of airport operations has increased due to the increase in global aviation traffic and the implementation of new operational technologies.
  • COVID-19 had a negative effect on the world airport operation market. The rapid spread of the virus and containment measures, such as official recommendations to stay at home and airport closures, have decreased worldwide passenger travel, which decreased global air traffic in February and March 2020. The abrupt decrease in air traffic has nearly ended the expansion of both aeronautical and non-aeronautical revenue. When airlines cut capacity, the aeronautical revenue that airports earn from airlines—such as aircraft landing fees and security fees—reduces.

Report Scope

The global Airport Operations market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by operation type, airport size, and geography.

Feature of the Report Details
Market Size in 2021 USD 7.7 Billion
Projected Market Size in 2030 USD 13.5 Billion
Market Size in 2022 USD 8.34 Billion
CAGR Growth Rate 6.5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Key Segment By Operation Type, Airport Size, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Key Market Dynamics

  • Construction of new airports or terminals, an increase in air passenger traffic, and the necessity for timely management of people, aircraft, and baggage at airports are all driving factors in airport operations However, operational errors and baggage loss/missing continue to be restraints to the market growth.
  • The sector is expanding as a result of rising demand for modern airport operations as well as rising smartphone and other smart device uses. The management of an airport usually ensures efficient operations. Reduced wait times and improved amenities are benefits of effective airport administration. The management of an airport usually ensures efficient operations.
  • Additionally, airport operations are integrated into IoT, which is anticipated to fuel the global airport operations market and enhance supply chain productivity and transparency. The COVID-19 situation has made facial recognition methods necessary. It is necessary to gradually remove scanners all at once. Many national airports sought thermal scanners and infrared scanners to screen passenger travellers in the wake of the COVID-19 issue.
  • The operations that take place in an airport’s terminals are expected to undergo a full redesign as a result of the adoption of blockchain technology and the growing automation of airport management systems as a whole. Modern airport terminals are quickly implementing cutting-edge technologies like robotics and self-service kiosks powered by artificial intelligence (AI) to give passengers better service and an overall better experience.

Global Airport Operations Market 2022–2030 (By Billion)

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Asia Pacific Region to Witness High CAGR in the Airport Operations Market

  • It is expected that the Asia Pacific region will account for a sizeable percentage of the market during the projected period. This is due to the growing demand from developing countries like China and India to modernize existing airports. Due to the growing popularity of smartphone applications that support the Internet of Things, the sector is also predicted to grow (loT).
  • Asia-Pacific had the largest market share in terms of revenue in 2021, accounting for around 40% of the worldwide airport operations market. It will likely keep controlling the market by 2030. Additionally, throughout the course of the projection period, this category is predicted to have the fastest CAGR%.
  • This is attributed to rising expenditure, living standards, and domestic travel in the region. In the Asia Pacific region, the market for airport management systems is predicted to increase significantly during the assessment period. It takes place as a result of the growing demand from developing nations like China and India for an upgrade to the current airport management systems. The emergence of smartphone solutions that support the Internet of Things is another factor that will likely cause the industry to grow.

Competitive Landscape

The major players in the market are implementing various business strategies, such as large investments in R&D projects, to boost their market share and diversify their product offerings, propelling the airport operations market. The market participants in airport operations are also implementing a number of strategic measures to increase their worldwide footprint, including new product launches, mergers, and acquisitions, rising investments, contractual agreements, and collaboration with other companies.

The competitive landscape of the Airport Operations industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, sites and facilities, company strengths and weaknesses, product release, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on Airport Operations.

Global Airport Operations Market 2022–2030 (By Airport Category)

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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 SITA’s 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.
  • 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.

List of the prominent players in the global Airport Operations market:

  • 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

Global Airport Operations Market 2022–2030 (By Operation)

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The global 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

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • 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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Airport Operations Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Airport Operations Market : snapshot
  • Chapter 3. Global Airport Operations Market – Industry Analysis
    • 3.1 Airport Operations Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 rising consumer demand for modern airport operations and the rising use of smartphones and other smart devices
      • 3.2.2 the adoption of total airport management (TAM) technology to control aviation traffic will create new market opportunities.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Operation Type
      • 3.7.2 Market attractiveness analysis By Airport Size
  • Chapter 4. Global Airport Operations Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Airport Operations Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Airport Operations Market – Operation Type Analysis
    • 5.1 Global Airport Operations Market overview: By Operation Type
      • 5.1.1 Global Airport Operations Market share, By Operation Type, 2021 and 2030
    • 5.2 Baggage Screening
      • 5.2.1 Global Airport Operations Market by Baggage Screening, 2022 – 2030 (USD Billion)
    • 5.3 Catering and QSR
      • 5.3.1 Global Airport Operations Market by Catering and QSR, 2022 – 2030 (USD Billion)
    • 5.4 Passenger Screening
      • 5.4.1 Global Airport Operations Market by Passenger Screening, 2022 – 2030 (USD Billion)
    • 5.5 Terminal Infrastructure Maintenance Upgrade
      • 5.5.1 Global Airport Operations Market by Terminal Infrastructure Maintenance Upgrade, 2022 – 2030 (USD Billion)
    • 5.6 Smart Technologies
      • 5.6.1 Global Airport Operations Market by Smart Technologies, 2022 – 2030 (USD Billion)
    • 5.7 Aircraft MRO
      • 5.7.1 Global Airport Operations Market by Aircraft MRO, 2022 – 2030 (USD Billion)
    • 5.8 Others
      • 5.8.1 Global Airport Operations Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Airport Operations Market – Airport Size Analysis
    • 6.1 Global Airport Operations Market overview: By Airport Size
      • 6.1.1 Global Airport Operations Market share, By Airport Size, 2021 and 2030
    • 6.2 Class A
      • 6.2.1 Global Airport Operations Market by Class A, 2022 – 2030 (USD Billion)
    • 6.3 Class B
      • 6.3.1 Global Airport Operations Market by Class B, 2022 – 2030 (USD Billion)
    • 6.4 Class C
      • 6.4.1 Global Airport Operations Market by Class C, 2022 – 2030 (USD Billion)
    • 6.5 Class D
      • 6.5.1 Global Airport Operations Market by Class D, 2022 – 2030 (USD Billion)
  • Chapter 7. Airport Operations Market – Regional Analysis
    • 7.1 Global Airport Operations Market Regional Overview
    • 7.2 Global Airport Operations Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Airport Operations Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Airport Operations Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Airport Operations Market, by Operation Type, 2022 – 2030
      • 7.4.1 North America Airport Operations Market, by Operation Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Airport Operations Market, by Airport Size, 2022 – 2030
      • 7.5.1 North America Airport Operations Market, by Airport Size, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Airport Operations Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Airport Operations Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Airport Operations Market, by Operation Type, 2022 – 2030
      • 7.7.1 Europe Airport Operations Market, by Operation Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Airport Operations Market, by Airport Size, 2022 – 2030
      • 7.8.1 Europe Airport Operations Market, by Airport Size, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Airport Operations Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Airport Operations Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Airport Operations Market, by Operation Type, 2022 – 2030
      • 7.10.1 Asia Pacific Airport Operations Market, by Operation Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Airport Operations Market, by Airport Size, 2022 – 2030
      • 7.11.1 Asia Pacific Airport Operations Market, by Airport Size, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Airport Operations Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Airport Operations Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Airport Operations Market, by Operation Type, 2022 – 2030
      • 7.13.1 Latin America Airport Operations Market, by Operation Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Airport Operations Market, by Airport Size, 2022 – 2030
      • 7.14.1 Latin America Airport Operations Market, by Airport Size, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Airport Operations Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Airport Operations Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Airport Operations Market, by Operation Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Airport Operations Market, by Operation Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Airport Operations Market, by Airport Size, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Airport Operations Market, by Airport Size, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Collins Aerospace
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Fluke Corporation
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 FLIR Systems Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Daifuku Co. Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Thales Group
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 SITA
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Amadeus IT Group SA
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Honeywell International Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Siemens AG
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 SABRE GLBL INC.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent 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

FAQs

“North America” region will lead the global Airport Operations market during the forecast period 2022 to 2030.

The key factors driving the market are rising consumer demand for modern airport operations and the rising use of smartphones and other smart devices, the adoption of total airport management (TAM) technology to control aviation traffic will create new market opportunities.
The key players operating in the Airport Operations market are 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.

The global Airport Operations market is expanding growth with a CAGR of approximately 6.5% during the forecast period (2022 to 2030).

The global Airport Operations market size was valued at USD 7.7 Billion in 2021 and it is projected to reach around USD 13.5 Billion by 2030.

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