The airport technologies global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Airport Technologies Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 historic period can be attributed to air travel growth, security enhancements, passenger experience, sustainability initiatives.
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 in the forecast period can be attributed to smart airports, biometrics and contactless travel, automation and robotics, sustainable practices. Major trends in the forecast period include digital transformation, biometrics and facial recognition, smart security systems, artificial intelligence (ai).
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Scope Of Airport Technologies Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airport Technologies Market Overview
Market Drivers –
Rise in illegal immigration is a key driver of the airport technologies market. For instance, in May 2023, according to the European Commission, the Belgium-based executive arm of the European Union (EU), focused on policies and regulations, irregular border crossings in Europe surged to 331,400 in 2022, marking a 66% increase compared to 2021. To curb illegal immigration, advanced airport technologies are being increasingly used. In this regard, airport technology in the form of facial recognition has led to many arrests for illegal immigration at airports. Similarly, technologies such as Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking solution have been deployed in many airports. The MPC technology uses a mobile app that allows US citizens or visitors from Canada to expedite their entry into the USA. This app has been approved by the U.S. Customs and Border Protection (CBP).
Market Trends –
The implementation of automated baggage handling systems is an emerging trend in the airport technologies market. Automated baggage handling systems involve the use of small robotic vehicles that carry baggage from the conveyor belt, through the security system, and finally to the respective aircraft carriers. The use of this technology is expected to reduce the number of bags lost at airports. For instance, in May 2021, UK-based Stansted Airport completed a £70 million upgrade to its baggage handling system, adding 180 automated carts, 2.4 km of conveyor belts, and track to increase efficiency.
The airport technologies market covered in this report is segmented –
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
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Regional Insights –
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
Key Companies –
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
Table of Contents
1. Executive Summary
2. Airport Technologies Market Report Structure
3. Airport Technologies Market Trends And Strategies
4. Airport Technologies Market – Macro Economic Scenario
5. Airport Technologies Market Size And Growth
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27. Airport Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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