Global Airport Operations Market: The Airport Operations market is driven by an increase in the use of smartphones with a healthy CAGR of ~6.3% during the forecast period of 2022 to 2030.
According to a comprehensive research report by Market Research Future (MRFR), “Airport Operations Market: By Operation Type, By Airport Size, By Region - Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2020 to 2030 at a healthy CAGR of approximately 6.3% to attain a valuation of around USD 13.8 Billion by the end of 2030.
Airport Operations Market Overview
According to MRFR analysis, the global Airport Operations market is expected to register a CAGR of ~6.3% from 2022 to 2030 and hold a value of over USD 13.8 billion by 2030.
Airport Operations Market Competitive Analysis
The list of leading contributors across the global market for Airport Operations Market includes companies such as:
- Collins Aerospace
- FLIR Systems Inc
- Fluke Corporation
- Daifuku Co Ltd
- Amadeus IT Group
- SITA
- Honeywell International Inc
- Siemens AG
- Thales Group
- SABRE GLBL INC.
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The market for airport operations is primarily driven by the increasing demand for air travel, as well as the expansion of the airline industry. As more people travel by air, airports are expanding and modernizing their infrastructure to accommodate the growing number of passengers. The market for airport operations is also influenced by government regulations and policies, which can affect airport operations and investment decisions. Additionally, advancements in technology, such as automated baggage handling systems and biometric screening technologies, are shaping the future of airport operations. The airport operations market is highly competitive, with numerous companies offering a range of services to airports worldwide. Some of the major players in the market include airport management companies, airlines, ground handling companies, and security companies. Overall, the airport operations market is expected to continue to grow in the coming years, driven by the increasing demand for air travel and the need for modern, efficient, and secure airport services.
Airport operations include a broad range of steps that guarantee an aircraft function effectively under various conditions. Information management, financial operations, airside operations, and landside operations are the four main areas for airport operations. Runway management, ground handling safety, aircraft landing and navigation, and air traffic control are all included in airside operations. Landside activities are concentrated on passenger service and building upkeep for airport terminals. It includes tasks such as passenger check-in, parking, bag handling, directing traffic for vehicles, staffing, and resource allocation, among others. The point-of-sale operations, employee payrolls, and billing invoicing procedures for both aeronautical and non-aeronautical products are all part of the financial operations.
Airport Operations Market Segmentation
The Global Airport Operations market has been segmented into Operation Type and Airport Size.
Based on the Operation Type, the market has been segmented into Terminal Infrastructure Maintenance and Upgrade, Passenger Screening, Catering and QSR, Smart Technologies, Baggage Screening, and Aircraft MRO.
Based on the Airport Size, the market has been segmented into Class A, Class B, Class C, and Class D.
By Operation Type
- Terminal Infrastructure Maintenance and Upgrade
- Passenger Screening
- Catering and QSR
- Smart Technologies
- Baggage Screening
- Aircraft MRO
- Others
By Airport Size
- Class A
- Class B
- Class C
- Class D
By Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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Airport Operations Market Regional Analysis
A substantial portion of the market would be accounted for by the Asia Pacific region. It takes place as a result of the rising demand from developing nations such as China and India for modernizing existing airports. The sector is also anticipated to grow due to the popularity of smartphone applications that support the internet of things (loT). Europe is anticipated to experience the greatest increase in passenger travel activity throughout the predicted period. The growing need for airport management systems in other parts of the world to improve the operational efficacy of airports in Latin America, the Middle East, and Africa is what is driving the airport operations market.
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