Airport Technologies Global Market Report 2024

“Airport Technologies Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on airport technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for airport technologies? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The airport technologies market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Airport Digital Signage Systems; Car Parking Systems; Airport Communications; Landing Aids; Guidance and Lighting; Passenger; Baggage and Cargo Handling Control Systems; Airport Management Software
• 2) By Airport Size: Small; Medium; Large
• 3) By Application: Domestic Airport; International Airport
• Companies Mentioned: Thales ATM S.A.; Honeywell Airport Solutions Inc.; Siemens Airports LLC; Raytheon Technologies Corporation; Cisco Systems Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Airport technologies encompass the application of advanced technology within airport facilities to elevate the overall passenger experience.

Key categories of airport technologies include digital signage systems, parking solutions, communication infrastructure, landing assistance systems, guidance and lighting systems, controls for passenger, baggage, and cargo handling, as well as software for airport management. Landing aids encompass an array of tools such as flashing lights, radio beacons, communication devices, radar systems, and other technologies that assist aircraft during approach and landing procedures. These airport technologies find application in airports of varying sizes, including small, medium, and large domestic as well as international airports.

The airport technologies market research report is one of a series of new reports from The Business Research Company that provides airport technologies market statistics, including airport technologies industry global market size, regional shares, competitors with an airport technologies market share, detailed airport technologies market segments, market trends and opportunities, and any further data you may need to thrive in the airport technologies industry. This airport technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The airport technologies market size has grown strongly in recent years. It will grow from $13.02 billion in 2023 to $13.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historical period can be ascribed to the expansion of air travel, advancements in security measures, enhancements in passenger experience, and initiatives focused on sustainability.

The airport technologies market size is expected to see strong growth in the next few years. It will grow to $16.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth anticipated in the forecast period can be attributed to the development of smart airports, the adoption of biometrics and contactless travel solutions, increased automation and robotics utilization, and the implementation of sustainable practices. Notable trends in this period include the ongoing digital transformation, the widespread use of biometrics and facial recognition technologies, the deployment of smart security systems, and the integration of artificial intelligence (AI).

The rise in illegal immigration is serving as a significant catalyst for the growth of the airport technologies market. For example, in May 2023, as reported by the European Commission, irregular border crossings in Europe experienced a substantial increase, reaching 331,400 cases in 2022, representing a 66% surge compared to the previous year. To address the challenges posed by illegal immigration, airports are increasingly turning to advanced technologies. Facial recognition technology, in particular, has played a pivotal role in identifying and apprehending individuals involved in illegal immigration activities at airports. Moreover, technologies like Mobile Passport Control (MPC) and radio-frequency identification (RFID)-based tracking solutions have been deployed in numerous airports. MPC utilizes a mobile app that enables both U.S. citizens and Canadian visitors to expedite their entry into the United States, and it has received approval from the U.S. Customs and Border Protection (CBP).

The increasing volume of air passenger traffic is expected to drive the growth of the airport technologies market in the foreseeable future. Air passenger traffic, which involves the transportation of individuals via commercial airlines, has been on the rise. To efficiently manage the growing air traffic, enhance passenger experiences, and optimize various airport operations such as security, baggage handling, and air traffic control, advanced airport technologies are crucial. For instance, in February 2023, the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations based in Canada that oversees international civil aviation, reported a 47% increase in the total number of air passengers carried globally in 2022 compared to the previous year. Additionally, there was a substantial 70% growth in revenue passenger kilometers (RPKs) compared to 2021. Hence, the surge in air passenger traffic is expected to be a driving force behind the airport technologies market's expansion.

Inadequate airport safety regulations in numerous countries pose a significant challenge to the airport technologies market. This issue arises primarily from the absence of stringent mandates in certain nations to enhance existing airport technologies further. A case in point is the Federal Aviation Administration (FAA) audit, which uncovered deficiencies in safety regulations at Indian airports. The audit by the FAA pointed out that the inadequate safety regulations at Indian airports, which resulted in a decline in their safety rankings, can be directly attributed to the lack of advancement in airport technologies within the country. Inadequate airport safety regulations persist as a critical constraint, limiting the growth of the airport technologies market.

The adoption of automated baggage handling systems is a burgeoning trend within the airport technologies market. These systems encompass the utilization of small robotic vehicles tasked with transporting baggage from the conveyor belt, through security checks, and ultimately to the designated aircraft carriers. This innovative technology is anticipated to lead to a reduction in the number of misplaced bags at airports, enhancing the overall passenger experience. As an illustration, in May 2021, Stansted Airport in the United Kingdom concluded a £70 million upgrade to its baggage handling system, introducing 180 automated carts, 2.4 kilometers of conveyor belts, and dedicated tracks to bolster operational efficiency.

Prominent companies in the airport technology market are dedicated to developing state-of-the-art software solutions like the NAVITAS software suite to maintain a competitive edge and augment their product offerings. The NAVITAS software suite represents an advanced aviation solution that integrates artificial intelligence, machine learning, cybersecurity, and big data technologies to improve airport operations and air traffic management. For example, in November 2021, Honeywell International, Inc., a US-based technology firm, introduced the NAVITAS software suite, which harnesses cutting-edge technologies like artificial intelligence, machine learning, cybersecurity, and big data to automate air traffic services. This software suite is meticulously designed to enhance airport operations by optimizing ground movement, airside control, air traffic management (ATM), and various specialized systems including tower management, performance monitoring, turnaround management, integration management, and arrival/departure coordination.

Major companies operating in the airport technologies market include Thales ATM S.A., Honeywell Airport Solutions Inc., Siemens Airports LLC, Raytheon Technologies Corporation, Cisco Systems Inc., Hitachi Ltd., Bosch Security Systems Inc., Rockwell Automation Inc., Analogic Corporation, Smiths Detection International Ltd., Oshkosh Corporation, MATRIX SYSTEMS Inc., DSG SYSTEMS AG, Airport Information Systems Ltd., Garrett Metal Detectors LLC, KUKA Aktiengesellschaft, Pensher Skytech Limited, Vanderlande Industries Holding B.V., Syagen Technology Inc., Arinc Inc., A4 Vision Inc., American LaFrance LLC, Amadeus IT Group S.A., International Business Machines Corporation, Indra Sistemas S.A., ISO-Gruppe GmbH, Leidos Holdings Inc., NEC Corporation, Societe Internationale de Telecommunications Aeronautiques, ADB SAFEGATE Holding AG, AirIT Inc., Avinor AS, Boon Edam Inc., Damarel Systems International Ltd., Daifuku Co. Ltd., EASIER Inc., Fentress Architects Ltd., Gentrack Group Limited, Gunnebo AB

The Asia-Pacific was the largest region in the airport technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the airport technologies market report during the forecast period. The regions covered in the airport technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the airport technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The airport technologies market includes revenues earned by entities by offering technologies that enable a hassle-free and convenient customer experience at the airport. The different types of airport technologies include airport communications, airport management systems and software, digital signage systems, fire-fighting systems, security systems, car parking systems, passenger management systems, baggage management systems, cargo control systems, landing aid, and guidance and lighting systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.