Advanced Airport Technologies - Global Market Outlook (2021 - 2028)

Advanced Airport Technologies - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Advanced Airport Technologies Market is accounted for $25.78 billion in 2021 and is expected to reach $37.50 billion by 2028 growing at a CAGR of 5.5% during the forecast period. The airports are recognizing the need to move toward more efficient and less intrusive security to help them reduce the high cost of security implementation and to provide a hassle-free experience to travellers. The rise in the number of passengers has caused problems to the airports in dealing with the arising passenger problems. Long check-in lines, service disruptions, and baggage issues are the three main areas of passenger discomfort. To tackle these challenges and improve the experience of the customer, airports worldwide have adopted newer technologies, such as self-check-in kiosks and face recognition systems that are helping the airports in revolutionizing the check-in process. The privatization of airports has helped the market, as airport operators are providing world-class facilities and systems to gain a competitive advantage over others.

Market Dynamics:

Driver:

Surge in expenditure and enhanced performance

In order to enhance the overall experience of passengers, technological advancements, such as advanced radar systems, service-kiosks, display technologies, control software, check-in systems for passengers, and others, have been highly used in daily airport operations. Furthermore, the rise in spending by airport authorities fuels the demand for advanced airport technologies. Moreover, the privatization of airports has promoted competition among the competitors, which is expected to push the demand for advanced airport technologies. In addition, the integration of such technologies allows world-class facilities and a competitive edge, ultimately providing better customer experience, and is predicted to be the key to attain customer preference. From body imaging systems at checkpoints to advancements bomb in detection systems, airport authorities have been dynamically adopting technology in advancing their existing services.

Restraint:

Complications associated with advanced airport technologies

As technology continues its rapid foray into almost every element of daily life, its impact for the better is irrefutable. However, it has its downsides. Air traffic control systems were not immune. For instance, in September France suffered an outage which rippled across Europe. A similar fate hit Germany’s state-owned air traffic authority, Deutsche Flugsicherung (DFS), in March when its Langen control centre suffered a “software malfunction” leading to problems at four of the country’s busiest airports. The growing reliance of the travelling public on technology would have a profound impact on how passengers interact with airports and airlines. All baggage system must include sensors to identify human interference, particularly that of children, either falling onto the belts or placing themselves there. The biggest risk area is loss of landside activity, loss of airside, and loss of baggage systems that work between landside and airside.

Opportunity:

Increase in the air traffic

Airports are expecting a surge in airport security norms. Moreover, implementation of initiatives to provide hassle-free experience to passengers boosts the growth of the advanced airport technologies market. In addition, the number of passengers has flooded along with problems such as managing the air traffic. This causes hindrances such as service disruptions, baggage issues, long check-in lines, and others. Therefore, to reduce the impact of such hindrances and provide a smooth journey, advanced airport technology plays a vital role. Facilities, such as face recognition systems and self-check-in kiosks, ease the passenger comfort at their convenience, which, in turn, is anticipated to boost the growth of the global advanced airport technologies market.

Threat:

Disruptions due to covid-19

The supply chain disruption is expected to affect the future growth of the companies due to the lockdown. Advanced airport technologies production is anticipated to be more agile after the end of COVID-19. Moreover, the revenue is not being generated for companies due to the ongoing pandemic, thereby resulting in major losses throughout the year. A huge monetary loss has been accounted for in the revenue generation of the advanced airport technologies companies due to the lockdown. Companies have to deal on a significant margin basis to revive the market.

The airport digital signage systems segment is expected to be the largest during the forecast period

The airport digital signage systems segment is estimated to have a lucrative growth. As the airports and airlines modernize and adopt solutions to make the airports more automated, digital displays are now being adopted on a large scale in every sphere of the airport. Digital signage and touch-enabled kiosks are installed to help ease and enrich the passenger journey, boost passenger satisfaction, and ensure safety at airports. Advancements in the integration of smartphones with Bluetooth-enabled beacon technology are helping the development of digital signs, which can deliver highly relevant information to passengers passing by, alert them regarding the whereabouts of shops and restaurants, and simplify the airline lounge admission for members. Thus, the high adoption of these technologies is driving the growth of the airport digital signage systems.

The passenger, baggage, and cargo handling control systems segment is expected to have the highest CAGR during the forecast period

The passenger, baggage, and cargo handling control systems segment is anticipated to witness the fastest CAGR growth during the forecast period. The passenger, baggage, and cargo handling control systems segment have the highest market share of all the segments, as they are now used widely in terminal operations and airline departure control, like passenger check-in, customs, baggage handling, screening, etc. Baggage and cargo handling systems enable the smooth handling and transportation of passenger luggage and cargo shipments at airports. Automated baggage handling systems that accurately track and process the flow of luggage are essential for efficient baggage handling.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. North America has the highest share in the advanced airport technologies market, as the countries, like the United States and Canada, are adopting these technologies in their airports on a large scale. The United States has the largest number of airports in the world, and the development, expansion, and modernization plans for many of these airports drive the revenues for the advanced airport technologies market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. Airports in the region are undergoing many modernization programs, and unlike the North America region, where most of these technologies are already adopted, there is a lot of scope for the market growth in the Asia-Pacific region, in the implementation of these new technologies. With the economic progress and growing disposable income in emerging economies, preference for airline traveling has been increased in the region. The Asia Pacific region had witnessed good growth with the increased air traffic as Singapore is one of the largest transportation hubs in Asia. With the increased concerns on the terrorists’ threats, almost all regions are preferring to adopt advanced airport technologies.

Key players in the market

Some of the key players profiled in the Advanced Airport Technologies Market include Analogic Corporation, Cisco Systems Inc, Hitachi Ltd, Honeywell International Inc, Johnson Controls International PLC, KukaRoboterGmbh, L3Harris Technologies Inc, Leidos Holdings Inc, Matrix LLC, NEC Corp, Rapiscan System Inc, Smiths Detection Group Ltd, and Thales Group.

Key Developments:

In March 2022, Dubai Aviation Engineering Projects (DAEP) has selected TopSky – Air Traffic Control (ATC), Thales’ advanced Air Traffic Management (ATM) system to enhance safety, capacity and efficiency of air navigation services. The cutting-edge solution is an adaptive technology, capable of meeting the evolving challenges for Northern Emirates airspace, where Dubai is the key driver for air traffic growth and volumes.

In November 2019, Hitachi Vantara, the Silicon Valley-based digital infrastructure and solutions subsidiary of Hitachi, Ltd. applied new artificial intelligence technologies to help airlines and airports solve some of their greatest challenges during the busy holiday season. The company's technology aims to eliminate travel delays caused by congestion at check-in, security, retail and aircraft boarding areas.

Types Covered:
Airport Communications
Airport Management Software
Car Parking Systems
Passenger, Baggage, and Cargo Handling Control Systems
Airport Digital Signage Systems
Landing Aids, Guidance, and Lighting
Air/Ground Traffic Management
Digital Information Display Solutions
Security, Fire Protection and Emergency Services

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances