Airside Services Market Forecasts to 2030 – Global Analysis By Airport Class (Class A, Class B, Class C and Other Airport Class), Platform (Hardware, Software and Service), Operation (Aircraft Handling, Passenger Handling, Cargo Handling, Ramp Handling an

Airside Services Market Forecasts to 2030 – Global Analysis By Airport Class (Class A, Class B, Class C and Other Airport Class), Platform (Hardware, Software and Service), Operation (Aircraft Handling, Passenger Handling, Cargo Handling, Ramp Handling and Other Operations), End User and By Geography

According to Stratistics MRC, the Global Airside Services Market is accounted for $2.98 billion in 2023 and is expected to reach $5.52 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Airside services cover a variety of operations that guarantee an aircraft operates efficiently and executes on time arrival and departure. Aircraft handling, passenger handling, and cargo handling are all part of airside activities. Airside services include a variety of powered and non-powered items such as airplane push-back and hook-up, forklifts and lifts, carts, cars, air-conditioning tugs, belt & container loaders, light-duty trucks, and other items used for powering, towing, and maintenance. Such equipment also makes it possible to handle passengers, handle bags, move planes, and perform repairs, services, and maintenance.

According to IATA, hacks cost the world economy $460 billion annually. In the next three years, cybersecurity is anticipated to account for over $33 billion in IT spending anticipated for airlines and airports.

Market Dynamics:

Driver:

Integration of artificial intelligence (AI) and machine learning (ML) technologies

Robust algorithms are used by AI to examine vast amounts of data and identify patterns. By taking into account factors like productivity, wait times, and the number of open security lanes, these are utilized in airports to estimate processing timeframes. The analysis of desired flight routes, consumer trends, expected marginal seat revenue, ancillary price optimization, airspace safety, aircraft maintenance, feedback analysis, crew management, consumer front-end automation, fuel efficiency and optimization, in-flight sales & food supply, fraud detection, and in-airport self-service are some significant operations that can be automated through the integration of AI.

Restraint:

Cybersecurity and data breach risks

Airport security is essential to the smooth running of the airport as a whole and to passenger safety. Despite having multiple layers of protection for scanning bags and checking passports, many airports are now the subject of cyber-attacks. Such assaults have happened in the travel industry, particularly the airline sector. IATA estimates that hackers cost the global economy $460 billion each year. Over $33 billion in IT spending is planned for airlines and airports over the next three years, with over half of that going toward cybersecurity which hamper the growth of the market,

Opportunity:

Adoption of Total Airport Management (TAM)

It is projected that the future course of airport administration will depend on how well each particular stakeholder performs. The goal is to integrate all agents—landside, terminal, and airside—into a single platform that will allow real-time analysis to support decision-making. Total airport management (TAM) supports operations integration, thorough KPI tracking, and data-driven decision making by integrating processes and systems throughout the airport. TAM offers performance-based airside services that make it possible to create, adopt, and maintain the Airport Operational Plan (AOP) according to performance. By doing this, justice is ensured, possible conflicts of interest between stakeholders are resolved, and it is ensured that everyone is working as hard as they can to achieve a common goal.

Threat:

Stringent government regulations

The government, or the Ministry of Civil Aviation, has a significant impact on the services and facilities at airports. While the government occasionally provides assistance to airport service providers, in some cases the strict government rules imposed by the airport authority impede the market expansion of the airport and aviation-related sectors. Airports all across the world have a wide range of specialized governance systems. Due to various local circumstances, variations in management plans for the national airport may be accepted. To assist the aviation industry recover from the current crisis, more collaboration is needed. Up until recently, there has been a substantial demand for both new aviation infrastructure and capacity enhancements at existing airports, which may result in new regulations that may not be in the best interests of private airport operators. Thus, it is anticipated that these issues will hurt the industry.

Covid-19 Impact

COVID-19 has had a major and immediate impact on airport traffic and revenue. The COVID-19 epidemic caused a decline in passenger travel worldwide. The issue first surfaced in Asia-Pacific, but according to ACI, the virus spread quickly and containment efforts made as a result, including government recommendations to stay at home and airport closures, caused a decline in air travel of 22.9% in February and a 53.1% decline in March 2020. In the first quarter of 2020, this translated into a 620 million passenger volume decline. April was a particularly difficult month because passenger travel was down 90% worldwide.

The Class A segment is expected to be the largest during the forecast period

The Class A segment is estimated to have a lucrative growth, as Class A airports are those that accommodate all scheduled operations using big air carrier aircraft those with at least 31 seats and any other kind of air carrier activity. These airports currently have an AOC and are permitted to serve any Part 139-eligible air carrier operations. Therefore, all Part 139 requirements must be followed by the airport operators which enhance the market growth.

The cargo handling segment is expected to have the highest CAGR during the forecast period

The cargo handling segment is anticipated to witness the highest CAGR growth during the forecast period, as the aircraft maintenance while at the terminal is referred to as ""ground and cargo handling services."" Passenger handling, luggage handling, lamp handling, catering, and other services are available. Demand for these services will be driven by rising global air travel and the construction of new airports in developing nations over the course of the forecast period.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the unexpected increase in air passenger traffic; Asia Pacific is predicted to be the largest rising area in the worldwide market. The growth and modernisation of airport infrastructure as well as the addition of additional airports to the region's airport network are encouraged by the region's growing air passenger traffic and the expansion of low-cost carriers in nations like China and India. China will overtake the United States in terms of air passenger volume in 2024, predicts the International Air Transport Association (IATA). In addition, due to the expansion of aircraft fleets and the rising trend of low-cost airlines in the nation, India is anticipated to rank as the third-largest aviation market throughout the projection period.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, because of the expanding airport infrastructure in the United Kingdom, France, and Germany, the market in Europe is anticipated to have significant growth. Furthermore, prominent airport service businesses including Fraport AG Frankfurt Airport Services Worldwide, Worldwide Flight Services, and LHR Airport have their headquarters in Germany. These are some of the most well-known service providers in the area, and they serve clients from all over the world. The modern airport improvements, as well as the rise in tourism and the frequency of foreign visitors with the government's increasing investment in enhancing the region's public infrastructure is predicted to fuel the industry in the region

Key players in the market

Some of the key players profiled in the Airside Services Market include Fraport AG Frankfurt Airport Services Worldwide, Air General Inc, Beijing Capital International Airport Co. Ltd, Signature Aviation plc, Tokyo International Air Terminal Corporation, Çelebi Aviation, LHR Airports Limited, Worldwide Flight Services, Teledyne Technologies Incorporated, Siemens, S.A.S. Services Group, Inc, Aena, IBM, Indra,, Damarel System International Ltd, Cisco Systems, Inc., Thales, QinetiQ, Amadeus IT Group SA and Raytheon Technologies Corporation

Key Developments:

In July 2023, RwandAir, the flag carrier airline of Rwanda, has appointed Worldwide Flight Services (WFS) as the cargo handling partner for its new direct flights to Paris Charles de Gaulle.

In June 2023, Frankfurt Airport (FRA) welcomed some 5.6 million passengers in June 2023, an increase of 11.3 percent compared to the same month last year. For the first time since the pandemic, Germany’s largest airport served more than 200,000 daily passengers again.

In February 2023, Fraport AG and Partner Donate €1 Million for Earthquake Victims in Turkey, the joint venture partners are each donating €500,000. Talks with the Turkish authorities to determine where the money is needed most urgently are currently ongoing.

Airport Classes Covered:
• Class A
• Class B
• Class C
• Class D
• Other Airport Class

Platforms Covered:
• Hardware
• Software
• Service

Operations Covered:
• Aircraft Handling
• Passenger Handling
• Cargo Handling
• Ramp Handling
• Aerobridges
• Fuel Oil Handling
• Other Operations

End Users Covered:
• Commercial
• Military

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 2021, 2022, 2023, 2026, and 2030
- 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


Companies Mentioned
Fraport AG Frankfurt Airport Services Worldwide
Air General Inc
Beijing Capital International Airport Co. Ltd
Signature Aviation plc
Tokyo International Air Terminal Corporation
Çelebi Aviation
LHR Airports Limited
Worldwide Flight Services
Teledyne Technologies Incorporated
Siemens
S.A.S. Services Group, Inc
Aena
IBM
Indra
Damarel System International Ltd
Cisco Systems, Inc.
Thales
QinetiQ
Amadeus IT Group SA
Raytheon Technologies Corporation