Airport Management Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Component (Software, Service), Airport Size (Class A, Class B, Class C, Class D) and Application (Logistics, Security, Content Management, Integration, Collaboration, Gate Management) – Global Forecast 2023
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Global Airport Management Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global airport management market is marked by the presence of players such as Inform GmbH (Germany), Amadeus IT Group (Spain), Rockwell Collins, Inc. (U.S.), Raytheon (U.S.), IBM Corporation (U.S.), Siemens AG (Germany), SITA (Switzerland), Cisco Systems, Inc. (U.S.), Honeywell International Inc. (U.S.), and QinetiQ (U.K.).
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Market Highlights
Airport management enables airport regulatory authorities to gain an overview of all airports and optimize resources and equipment and control operations proactively. Other advantages of airport management include inter-airport collaboration, link to central control centers, automation of flight processing, faster billing cycles for airlines, provision of more accurate information to passengers and others. Airport management is being progressively deployed across the world to improve efficiency and streamline operations and gain unprecedented visibility and control across airports. As per the analysis of Market Research Future (MRFR), the global airport management market is expected to grow at a CAGR of 10% over the forecast period of 2017-2023. The air traffic on a global scale is rising at a rapid pace and is expected to rise further in the coming years, creating severe challenges for airport operators and service providers which is one of the preliminary factors fuelling the adoption of airport management. To ensure seamless interoperability within the airport and ensure efficient handling of passengers, cargo, baggage, and other operations, airport management has become necessary in the present landscape. Increased usage of smartphones and other devices has also spurred the growth of airport management market. Passengers can be well informed about their journey details through messages, and any fluctuations can also be conveyed to them. In addition, towering demand for sophisticated and refined service at airports also drives the market. These days, airports are increasingly being considered as a commercial business hub rather than a public service organization which attracts more investment on the modernization of airports.
The global airport management market is expected to reach a valuation of USD 15.5 Bn by the end of 2023.
Market Segmentation:
The global airport management market is divided into five equal parts. They include, services, software, airport sizes, applications & regions.
On account of services, the market is segmented into professional services & managed services.
On the basis of software, the market can be fragmented into non passenger systems & passenger systems.
When it comes to airport sizes, the market is split into class A, class B, Class C & Class D. Amongst these, the class B sub-division holds the largest market share. Class A is not far behind and expected to grow at a tremendous rate over the forecast period.
The applications segment comprises of content management, security, logistics, integration, business applications, gate management, performance management, collaboration & others.
Geographically, this market is spread across several regions like North America, Europe, Asia Pacific & Rest of the World.
Regional Analysis
North America, Europe, Asia Pacific, and the Rest of the World are the key markets of the global airport management market. North America accounts for the largest share of the market on account of high air passenger traffic and substantial investment in the aerospace sector. High penetration of smartphones, technical advancements, and increasing security concerns at the airports in the region are other drivers. Moreover, the presence of major key players in the region creates a conducive environment for the growth of the market. The Asia Pacific airport management market is poised to expand at the fastest rate over the forecast period. The region has witnessed a considerable increase in air traffic in the last few years due to growing disposable income in the region. In addition, developing countries of the region are increasingly spending on sophisticated management at airport which further propels the growth of the market in Asia Pacific.
Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
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List of Tables
Table 1 Airport Management Market, by Component
Table 2 Airport Management Market, by Airport Size
Table 3 Airport Management Market, by Application
Table 4 Airport Management Market, by Regions
Table 5 North America Airport Management Market, by Component
Table 6 North America Airport Management Market, by Airport Size
Table 7 North America Airport Management Market, by Application
Table 8 U.s. Airport Management Market, by Component
Table 9 U.s. Airport Management Market, by Airport Size
Continued…….
List of Figures
Figure 1 Research Type
Figure 2 Airport Management Market, by Component (%)
Figure 3 Airport Management Market, by Airport Size (%)
Figure 4 Airport Management Market, by Application (%)
Figure 5 Airport Management Market, by Regions (%)
Figure 6 North America Airport Management Market, by Component (%)
Figure 7 North America Airport Management Market, by Airport Size (%)
Figure 8 North America Airport Management Market, by Application (%)
Continued………
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Source: MarketersMedia
Release ID: 525434
