The Airport Supply Chain Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airport Supply Chain Management Global Market Report 2024, 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 in the historic period can be attributed to regulatory changes, globalization, security concerns, economic trends, environmental concerns.
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 growth in the forecast period can be attributed to e-commerce growth, sustainable practices, big data and analytics, collaborative supply chains, resilience planning.. Major trends in the forecast period include digital transformation, supply chain resilience, collaborative planning, automation and robotics, eco-friendly and sustainable practices.
Increasing e-commerce activities are significantly contributing to the growth of airport supply chain management. E-commerce refers to exchanging money or data or purchasing and selling products and services over an electronic network, primarily the internet. E-commerce operators use cargo planes to move their shipments and deliverables. Airport supply chain management helps in the proper management of these goods. For instance, in September 2022, according to the International Trade Administration, a US-based department of commerce, consumer e-commerce made up 30% of the UK’s overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. Therefore, increasing e-commerce activities is driving the growth of the airport supply chain management market.
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The airport supply chain management market covered in this report is segmented –
1) By Component: Software, Services
2) By Type: Internal Supply Chain, External Supply Chain
3) By Application: Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Other Applications
Technological advancement is a key trend in the airport supply chain management market. Major companies operating in the airport supply chain management market are integrating new technologies into the supply chain management system to modernise the airports and sustain their position in the market. For instance, in September 2021, Huawei Technologies Co., Ltd., a China-based technology company, launched the Airport Cloud-Network Solution. The solution is designed to help airports improve operational efficiency and enhance security and the passenger experience. The solution uses AirEngine Wi-Fi 6 to develop a gigabit wireless access network that provides constant coverage throughout the airport terminal building. Additionally, the technique removes blind areas and extends coverage by 20%. The solution creates a centralized backbone network for numerous services using IPv6+ technology. This makes it possible for the backbone network to fully support various services like security checks, retail, and ground handling.
The airport supply chain management market report table of contents includes:
1. Executive Summary
2. Airport Supply Chain Management Market Characteristics
3. Airport Supply Chain Management Market Trends And Strategies
4. Airport Supply Chain Management Market – Macro Economic Scenario
5. Global Airport Supply Chain Management Market Size and Growth
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26. South America Airport Supply Chain Management Market
27. Brazil Airport Supply Chain Management Market
28. Middle East Airport Supply Chain Management Market
29. Africa Airport Supply Chain Management Market
30. Airport Supply Chain Management Market Competitive Landscape And Company Profiles
Top Major Players:
- nternational Business Machines Corporation
- Cisco Systems Inc
- Siemens AG
- Honeywell International Inc
- Raytheon Company
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