Airport operations encompass range of processes, which ensure that an aircraft runs smoothly and effectively in range of different situations. The airport operations are mainly categorized into airside operations, landside operations, financial operations and information management. The airside operations include air traffic management, aircraft landing & navigation, runway management, and ground handling safety. The landside operations are inclined toward serving passengers and maintenance of airport terminals buildings. It includes operations such as passenger check in, baggage handling and tagging, parking facilities, vehicular traffic management, staff and resource allocation among others. The financial operations involves aeronautical and non-aeronautical billing and invoicing operations, staff pay rolls, and point of sales among others. The information management system relates to gather and distributing several information such as arrival and departure, daily flight information, important announcement and airline connections. The rise in air traffic across the globe and adoption of new operational technologies has increased the importance of airport operations over past decade.
Factors such as increase in investment to support brown filed and green field airport operations, rise in passenger traffic across the globe, and adoption of new technologies supporting automation and self-services. The COVID-19 is having a notable impact on airport operations market and have shifted the business dynamics within the forecast timeframe. Currently majority of airports are focused toward reducing their operational cost, increase operational efficiency and reduce their carbon footprint. For instance, In June 2022, the Delhi International Airport Limited (DIAL) announced acquisition of 62 electric vehicles that is anticipated to optimize their airside operations. The electric vehicles is anticipated to be gradually induced within three to four months and reduce approximately 10,000 tons of greenhouse emissions per annum.
The airport operations market is segmented on the basis of airport class, operation, platform and airport category. By airport class, it is categorized into class A, class B, class C, and Class D airports. Depending on operation, the market is fragmented into airside operation, landside operation, financial operation and information management. By platform, it is divided into hardware, software and service. The airport category segment is categorized into commercial service airports, cargo service airports, reliever airports, and general aviation airports. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the Airport operations industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players operating in the airport operations market are Cisco Systems, Inc., Honeywell International Inc., IBM, Indra, QinetiQ, Raytheon Technologies Corporation, Siemens, SITA, Teledyne Technologies Incorporated, Thales, Daifuku Co., Ltd., Damarel Systems International Ltd., Amadeus IT Group, Inform GmbH, Aena, Huawei Technologies Co., Ltd., and ES_Mobility
Factors such as increase in investment to support brown filed and green field airport operations, rise in passenger traffic across the globe, and adoption of new technologies supporting automation and self-services. The COVID-19 is having a notable impact on airport operations market and have shifted the business dynamics within the forecast timeframe. Currently majority of airports are focused toward reducing their operational cost, increase operational efficiency and reduce their carbon footprint. For instance, In June 2022, the Delhi International Airport Limited (DIAL) announced acquisition of 62 electric vehicles that is anticipated to optimize their airside operations. The electric vehicles is anticipated to be gradually induced within three to four months and reduce approximately 10,000 tons of greenhouse emissions per annum.
The airport operations market is segmented on the basis of airport class, operation, platform and airport category. By airport class, it is categorized into class A, class B, class C, and Class D airports. Depending on operation, the market is fragmented into airside operation, landside operation, financial operation and information management. By platform, it is divided into hardware, software and service. The airport category segment is categorized into commercial service airports, cargo service airports, reliever airports, and general aviation airports. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the Airport operations industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players operating in the airport operations market are Cisco Systems, Inc., Honeywell International Inc., IBM, Indra, QinetiQ, Raytheon Technologies Corporation, Siemens, SITA, Teledyne Technologies Incorporated, Thales, Daifuku Co., Ltd., Damarel Systems International Ltd., Amadeus IT Group, Inform GmbH, Aena, Huawei Technologies Co., Ltd., and ES_Mobility
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the global airport operations market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall airport operations market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global airport operations market with a detailed impact analysis.
- The current airport operations market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Platform
- Hardware
- Software
- Service
By Airport Category
- Commercial Service Airports
- Cargo Service Airports
- Reliever Airports
- General Aviation Airports
By Airport Class
- Class A
- Class B
- Class C
- Class D
By Operation
- Information Management
- Airside Operations
- Landside Operations
- Financial Operation
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Cisco Systems, Inc.
- Honeywell International Inc.
- IBM
- Indra
- QinetiQ
- Raytheon Technologies Corporation
- Siemens
- SITA
- Teledyne Technologies Incorporated
- Thales
- Daifuku Co., Ltd.
- Damarel Systems International Ltd.
- Amadeus IT Group
- Inform GmbH
- Aena
- Huawei Technologies Co., Ltd.
- ES_Mobility
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AIRPORT OPERATIONS MARKET, BY AIRPORT CLASS
CHAPTER 5: AIRPORT OPERATIONS MARKET, BY OPERATION
CHAPTER 6: AIRPORT OPERATIONS MARKET, BY PLATFORM
CHAPTER 7: AIRPORT OPERATIONS MARKET, BY AIRPORT CATEGORY
CHAPTER 8: AIRPORT OPERATIONS MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Airport Operations Market," the airport operations market was valued at $7.7 billion in 2021, and is estimated to reach $13.8 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.Asia-Pacific dominated the airport operations market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2021, and is expected to grow at a significant rate in the market during the forecast timeframe.
The airport operations market holds a great potential over the coming years backed by the rise in inflight passenger demand and efforts by airline and airport operators to optimize their processes to increase efficiency and reduce cost. The rise in dependency on new technologies to streamline processes and trend toward self-service and automation are identified as major business accelerator within the forecast timeframe. The post pandemic situation where individuals across the globe are more inclined toward traveling and returning to their normal routine, aviation industry is experiencing a business surge. The total number of passenger across the globe surged by 65% between January to April 2022, as compared to 2021, followed by increase in airline seat capacity by 32%.
Integration of new technologies within the airport operations is anticipated to play a defining role within the forecast timeframe. Adoption of automated technologies in passenger as well a freight operations is allowing airport and operators to generate notable amount of useful data. Airport association across the globe are entering a collaborative approach to share these database to improve their operations. For instance, in March 2021, Chicago Rockford International airport and Cologne Bonn airport signed a co-operation agreement where both the airports are anticipated to share information related to logistics. The airports are expected to take initiatives that integrate new technologies for handling e-commerce cargo.
By airport class, it is categorized into class A, class B, class C, and Class D airports. Depending on operation, the airport operations market is fragmented into airside operation, landside operation, financial operation and information management. By platform, it is divided into hardware, software and service. The airport category segment is categorized into commercial service airports, cargo service airports, reliever airports, and general aviation airports. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Factors such as increase in investment to support brown filed and green field airport operations, rise in passenger traffic across the globe, and adoption of new technologies supporting automation and self-services. The COVID-19 is having a notable impact on airport operations market and have shifted the business dynamics within the forecast timeframe. Currently majority of airports are focused toward reducing their operational cost, increase operational efficiency and reduce their carbon footprint. For instance, In June 2022, the Delhi International Airport Limited (DIAL) announced acquisition of 62 electric vehicles that is anticipated to optimize their airside operations. The electric vehicles is anticipated to be gradually induced within three to four months and reduce approximately 10,000 tons of greenhouse emissions per annum.
Key Findings of the Study
- By airport class, the class B segment leads the market during the forecast period.
- By operation, the landside operation segment leads the market during the forecast period.
- By platform, the software segment is expected to grow at lucrative growth rate during the forecast period (2022-2031).
- By airport category, the reliever airport segment leads the market during the forecast period.
- Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
- The key players operating in the airport operations market are Cisco Systems, Inc., Honeywell International Inc., IBM, Indra, QinetiQ, Raytheon Technologies Corporation, Siemens, SITA, Teledyne Technologies Incorporated, Thales, Daifuku Co., Ltd., Damarel Systems International Ltd., Amadeus IT Group, Inform GmbH, Aena, Huawei Technologies Co., Ltd., and ES_Mobility
Companies Mentioned
- Cisco Systems, Inc.
- Honeywell International Inc.
- Ibm
- Indra
- Qinetiq
- Raytheon Technologies Corporation
- Siemens
- Sita
- Teledyne Technologies Incorporated
- Thales
- Daifuku Co. Ltd.
- Damarel Systems International Ltd.
- Amadeus It Group
- Inform GmbH
- Aena
- Huawei Technologies Co. Ltd.
- Es_Mobility
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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