According to Custom Market Insights (CMI), The Global Airport Operations Market size was estimated at USD (6.5 B) in 2021 and is expected to hit around USD (11.9 B) by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.
Our recently published report, “Airport Operations Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
Airport Operations Market: Overview
The management of all airport operations, including passenger handling, luggage handling, and tagging, guarantees a suitable customer experience. The TSA, gateway operators, and other services that assist give better customer service are all part of the airport operations. The airport operations also control airport traffic, guaranteeing the safety and effectiveness of the functions. It consists of information management, billing, invoicing processes, airside operations, and landside operations. Growing air traffic, the need for better operational planning, a high concentration of movements, and the need to manage all airport operations to provide safety and efficiency are the dominant elements driving this expansion.
Airport Operations Market: COVID–19 Impact Analysis
Cities, nations, and regions cannot flourish economically without airports. They directly impact economies by serving as an airline’s service provider, moving people, and transferring cargo. Governments, consumers, and industry all gain from the mobility of people and things. Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created several difficulties. Nearly every business has been affected by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to influence industry growth throughout the projection period. As a result, there has been a substantial decline in air travel, which has forced carriers to reduce capacity. In addition, governments have shut down a lot of them to stop the virus’s spread. Revenues suffer a severe decline as a result. The broader impact of COVID-19 on the world economy is significant, given the significance of airports to the economic growth of cities, nations, and regions.
Airport Operations Market: Growth Drivers
Increasing air traffic to accelerate the market’s growth
There are several reasons for the increase in aircraft traffic. Population and economic growth, propelled by the expanding middle class, are the leading causes. The global economy is anticipated to rise by 3% per year by 2030, while aviation traffic is expected to grow by an average of 6% per year. The second development component is the introduction of low-cost airlines with affordable prices on popular routes. They contribute significantly to the increase in air traffic in Europe, which currently accounts for more than 40% of the continent and 25% of the world’s traffic. In addition, these companies significantly impact airline pricing by pushing foreign carriers to cut ticket prices. Finally, the airline sector has seen the long-anticipated spike in reservations with the easing of many border restrictions as customers strive to make up for two years of missing travel opportunities due to Covid-19 limitations.
Increasing airport IT expenditures are driving the market.
A significant global airport operations market driver is the steadily increasing IT spending on airports. Increased investment by businesses to reduce operational expenses (OPEX) and implement cutting-edge technology like wireless connection, automated solutions, and check-in kiosks might be seen as rising IT spending on airports. In addition, airport authorities want to provide a variety of infrastructure services due to increased IT and telecommunications expenditures to give their customers more connected, convenient, and under greater control travel experiences. Due to increased IT & communications spending in the airport sector, it is anticipated that this development driver will have a significant influence over the medium and long terms of the projected period.
Airport Operations Market: Segmentation Analysis
The airport operations market is segmented into operation and airport class. Based on the process, the landside operations segment is estimated to lead the market during the forecast period. This is because there is a growing need to enable automated operations and enhance the passenger experience. The priority of landside operations is on passenger service and building upkeep for airport terminals. It covers activities like check-in for passengers, luggage handling and labeling, parking facilities, controlling traffic for vehicles, staffing, and resource allocation, among others.
Over the projection period, the airside operations category is anticipated to grow consistently.
Airside operations involve:
- Safe ground handling practices.
- Runway management.
- Airport traffic control.
- Aircraft landing and navigation.
By airport class, the class B segment is anticipated to dominate the market during the forecast period. The increase in passenger traffic from small cities, which has dramatically increased the need for airport development and modernization, is responsible for the segment’s growth.
In 2021, the Class A airports application sector accounted for a sizable portion. The rise in business travelers and heavy passenger traffic at certain airports might be blamed for the development. In addition, government investments in building new facilities or enlarging existing ones at these airports will also help the market growth for the projected period.
|Feature of the Report||Details|
|Market Size in 2021||USD (6.5 B)|
|Projected Market Size in 2030||USD (11.9 B)|
|Market Size in 2022||USD (2022Value) Billion/Million|
|CAGR Growth Rate||5.5% CAGR|
|Prominent Players||Cisco Systems Inc., Honeywell International Inc., Huawei Technologies Co. Ltd., ES Mobility, IBM, Indra, QinetiQ, Raytheon Technologies Corporation, Siemens, SITA, Damarel Systems International Ltd., Amadeus IT Group, Inform GmbH, Aena, Teledyne Technologies Incorporated, Thales, Daifuku Co. Ltd., and Others|
|Key Segment||By Operation, Airport Class, 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|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
- Based on operation segmentation, the landside operations segment is estimated to hold the largest market share during the forecast period.
- Based on airport class segmentation, the class B segment is the leading revenue-generating category during the forecast period, and class A is predicted to move at a significant rate.
- Based on geography/region, the North American area was the leading revenue generator in 2021.
- March 2022: It was revealed that a sustainable urban air mobility ecosystem will be established owing to a strategic relationship between Eve UAM and Acciona. Acciona will contribute USD 30 million following the provisions of the agreement governing the business combination between Eve and Zanite Acquisition Corp. Acciona will therefore join the group of strategic investors already assisting Eve’s development and business plan.
- March 2021: The Asia Pacific area has been added to the long-term relationship between dnata and Cebu Pacific Air (CEB). dnata has agreed to offer the airline various ground handling services at Melbourne Airport and Singapore Changi Airport in addition to the recent multi-year renewal of an airport service contract at Sydney Airport (SYD).
Throughout the projection period, North America is expected to continue to be among the most alluring markets and this region is accounted for the majority revenue share in the market. In terms of airport operations, North America leads the world. This results from an increase in the number of airports in the area, strategic vendor adoption, and suggestions for the airport operations market taking into account the most recent information about the region. There are around 13,000 airports in the United States alone, and the country is overgrowing in terms of airport operations because of the abundance of small and medium-sized businesses.
Our report offers quantitative and qualitative insights into the WebRTC market and significant development initiatives the key players adopt. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
- Cisco Systems Inc.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- ES Mobility
- Raytheon Technologies Corporation
- Damarel Systems International Ltd.
- Amadeus IT Group
- Inform GmbH
- Teledyne Technologies Incorporated
- Daifuku Co. Ltd.
The global Airport operations market is segmented as follows:
- Airside Operations
- Landside Operations
- Financial Operation
- Information Management
By Airport Class
- Class A
- Class B
- Class C
- Class D
On the basis of Geography
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America