PUBLISHER: The Business Research Company | PRODUCT CODE: 1425212
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425212
Airport Supply Chain Management 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 supply chain management 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.
Where is the largest and fastest growing market for airport supply chain management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The airport supply chain management 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 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.
Airport supply chain management involves ensuring that airports maintain essential equipment in stock, minimize idle items, reduce maintenance costs, and uphold a high level of inventory accuracy.
There are two major types of airport supply chain management such as internal and external. Internal supply chain management encompasses the series of internal business operations that culminate in the delivery of a product to the consumer. It consists of two main components such as software and services. This approach is applied across various applications, including security, content management, logistics, integration, collaboration, gate management, performance management, business applications, and other relevant areas within airport operations.
The airport supply chain management market research report is one of a series of new reports from The Business Research Company that provides airport supply chain management market statistics, including airport supply chain management industry global market size, regional shares, competitors with a airport supply chain management market share, detailed airport supply chain management market segments, market trends and opportunities, and any further data you may need to thrive in the airport supply chain management industry. This airport supply chain management 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 supply chain management market size has grown rapidly in recent years. It will grow from $21.56 billion in 2023 to $24.04 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth observed in the historical period can be attributed to various factors, including regulatory changes, globalization trends, heightened security concerns, economic shifts, and a growing awareness of environmental considerations. These elements collectively influenced the development and evolution of airport supply chain management during that timeframe.
The airport supply chain management market size is expected to see rapid growth in the next few years. It will grow to $36.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The anticipated growth in the forecast period can be attributed to the growth of e-commerce, a focus on sustainable practices, the utilization of big data and analytics, the adoption of collaborative supply chains, and an emphasis on resilience planning within the airport supply chain management. Major trends expected in the forecast period include digital transformation initiatives, an increased focus on supply chain resilience, collaborative planning approaches, the integration of automation and robotics, and the implementation of eco-friendly and sustainable practices.
The expansion of e-commerce activities is significantly contributing to the development of airport supply chain management. E-commerce involves the exchange of money or data and the buying and selling of goods and services over electronic networks, especially the internet. Cargo planes are frequently used by e-commerce operators for the transportation of their shipments. Airport supply chain management is crucial in effectively handling these goods. For instance, as of September 2022, as reported by the International Trade Administration, consumer e-commerce accounted for 30% of the UK's overall retail sector, marking a substantial increase from 20% in 2020, with an annual e-commerce revenue exceeding $120 billion. Thus, the burgeoning e-commerce activities are a driving force behind the growth of the airport supply chain management market.
The surge in air traffic is poised to drive the expansion of the airport supply chain management market in the foreseeable future. Air traffic involves the movement of aircraft throughout airspace, encompassing takeoffs, landings, and the en-route phases of flights. Airport supply chain management plays a pivotal role in streamlining logistics, ensuring efficient goods flow, and optimizing overall operational efficiency, thereby facilitating the smooth handling of air traffic and passenger services within airports. For example, a March 2023 report from the Bureau of Transportation Statistics revealed a substantial 30% increase in US airlines' passenger transportation in 2022, accommodating an additional 194 million passengers compared to 2021. The total passenger count for US airlines in 2022 reached 853 million, demonstrating a significant rise from 658 million in 2021 and 388 million in 2020. Therefore, the escalating air traffic is a catalyst for the expansion of the airport supply chain management market.
Technological advancements are a prominent trend in the airport supply chain management market. Key industry players are integrating new technologies into the supply chain management systems to modernize airports and fortify their market positioning. For instance, in September 2021, Huawei Technologies Co., Ltd. introduced the Airport Cloud-Network Solution. This solution aims to augment operational efficiency, enhance security, and elevate the passenger experience at airports. Utilizing AirEngine Wi-Fi 6 technology, the solution establishes a gigabit wireless access network ensuring continuous coverage across airport terminals. Additionally, it eliminates blind spots and extends coverage by up to 20%. Employing IPv6+ technology, the solution creates a centralized backbone network supporting various services such as security checks, retail, and ground handling.
Prominent companies in the airport supply chain management sector are intensifying their efforts to introduce all-encompassing supply chain solutions, aiming to attain a competitive advantage. These comprehensive supply chain solutions involve a holistic approach to managing every facet of the supply chain, including procurement, production, distribution, and logistics. The primary goal is to optimize operational efficiency, curtail costs, and bolster overall performance. For instance, in March 2023, A.P. Moller-Maersk, a Denmark-based shipping giant, unveiled Maersk Air Freight. This service is dedicated to offering a secure, efficient, and dependable air transportation solution for high-value and time-sensitive cargo. Maersk Air Freight aims to ensure timely delivery of cargo to its destination, allowing customers to directly engage with airlines, bypassing brokers, and mitigating associated delays and expenses.
In September 2021, Panasonic Corporation, a Japanese household electronics manufacturer, completed an $8.5 billion acquisition of Blue Yonder. This strategic acquisition is propelling both Panasonic and Blue Yonder toward their shared vision of establishing an autonomous supply chain to cultivate smarter and interconnected e-commerce strategies. Blue Yonder, based in the United States, specializes in providing supply chain management services across various sectors, including airports.
Major companies operating in the airport supply chain management market report are International Business Machines Corporation, Cisco Systems Inc., Siemens AG, Honeywell International Inc., Raytheon Company, QinetiQ Group PLC, Amadeus IT Group SA, Sita, Rockwell Collins Inc., Inform GmbH, Dassault Systemes SE, Vanguard Software Corporation, Coupa Software Inc., Verizon Connect Inc., Ultra Electronics Holdings PLC, Unisys Corporation, Lockheed Martin Corporation, Indra Sistemas S.A., TAV IT, L3Harris Technologies Inc., Thales Group, Collins Aerospace, Sabre Corporation, GE Aviation, Accenture, Capgemini, Bollore Transport & Logistics, Panalpina World Transport Holding Ltd., Ceva Logistics AG, Geodis
North America was the largest region in the airport supply chain management market share in 2023. The regions covered in the airport supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the airport supply chain management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The airport supply chain management includes revenues earned by gate management and content management. The market value includes the value of related goods sold by the service provider or included within the service offering. 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.