Airport Technologies Global Market Report 2024

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).

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 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 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, Société Internationale de Télécommunications Aéronautiques, 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.


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