Asia Pacific Airport Hub Network Communication Market Forecast to 2028 - Regional Analysis - by Component (Solutions and Services), Platform Type (CUTE and CUSS), Connectivity Type (Internet and MPLS), and End Users (Airlines and Airports)

Asia Pacific Airport Hub Network Communication Market Forecast to 2028- Regional Analysis- by Component (Solutions and Services), Platform Type (CUTE and CUSS), Connectivity Type (Internet and MPLS), and End Users (Airlines and Airports)

The airport hub network communication market in Asia Pacific is expected to grow from US$ 508.70 million in 2023 to US$ 725.21 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2023 to 2028.

Incorporation of New Aircraft or Airplanes is Fuels Asia Pacific Airport Hub Network Communication Market

Air transport is the fastest and most secure way of transporting goods and passengers. Also, with economic development and more personal income, passengers prefer traveling by air to reach their destination quickly and conveniently. According to Boeing, passenger traffic is also expected to grow by 3.8% during 2022–2041 period. In addition, the e-commerce market is displaying steady growth, contributing to increased transportation of goods. The Asia Pacific trade market prefers cargo transportation by air as it comes with speed and safety benefits while helping to fulfill consumer demand on time. According to Boeing, the air cargo is expected to grow by 4.1% annually between 2022 and 2024. Due to the rising demand for air travel, airlines are expanding their routes and including more aircraft to cope with large passenger numbers. Moreover, older airplanes are being replaced by new ones because of environmental concerns, particularly the high rate of carbon emissions. Boeing estimates that over 50% of old passenger airplanes operating in 2019 will be replaced by recent new models by the year 2031.

All the above factors have led to the increased demand for new aircraft. As per Boeing’s Commercial Market Outlook 2022–2041 report, about 41,170 aircraft and airplanes are expected to deliver to the various airlines. The new aircraft or airplanes can be integrated with the latest technologies, which are likely to drive the airport hub network communication market growth during the forecast period.

Asia Pacific Airport Hub Network Communication Market Overview

According to International Air Transport Association (IATA), the aviation sector in Asia Pacific is contributing ~US$ 1 trillion to its GDP. Governments of Asia Pacific countries are focused on building new infrastructure, expansion projects, and introducing cost-effective solutions in the sector. Several market players are focused on implementing airport hub network communication solutions to manage air traffic, improve operational efficiency, and enhance the safety of the airport and airline operations. In addition, according to IATA, the airlines across the region experienced a 283.1% increase in international air traffic in March 2023 compared to March 2022, due to the ease of travel restrictions. Furthermore, the passenger capacity increased by 161.5%, and the load factor grew by 26.8% for the same period. Such increased air traffic was also due to a rise in disposable incomes and a surge in travel and tourism activities in the region, which contributed to the demand for efficient airport hub network communication solutions to manage the traffic. All these factors are propelling the airport hub network communication market growth.

Furthermore, in November 2022, Airports Council International announced its plans to construct ~300 airports across the globe, of which 57% will be built in Asia Pacific. In addition, the region is focused on expanding its existing airports and developing new ones. For instance, the Noida International Airport is expected to expand and start its operations by September 2024. Thus, such development projects are increasing the demand for airport hub network communication solutions for smooth and effective operations and communication between airport and airline authorities to coordinate and manage airport traffic. Thus, all the aforementioned factors contribute to the airport hub network communication market growth in Asia Pacific.

Asia Pacific Airport Hub Network Communication Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Airport Hub Network Communication Market Segmentation

The Asia Pacific airport hub network communication market is segmented into component, types, connectivity, end user, and country.

Based on components, the Asia Pacific airport hub network communication market is segmented into solutions and services. The services segment held a larger Asia Pacific airport hub network communication market share in 2023.

Based on type, the Asia Pacific airport hub network communication market is segmented into CUTE and CUSS. The CUTE segment held a larger market share in 2023.

Based in end user, the Asia Pacific airport hub network communication market is segmented into airports and airlines. The airline segment is sub-segmented into passenger and cargo. The passenger segment held larger Asia Pacific airport hub network communication market share in 2023. The airports segment is sub-segmented into class I, class II, class III, and class IV. The class I segment held larger Asia Pacific airport hub network communication market share in 2023.

Based on connectivity, the Asia Pacific airport hub network communication market is segmented into internet and MPLS. The MPLS segment held larger Asia Pacific airport hub network communication market share in 2023.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the Asia Pacific airport hub network communication market share in 2023.

Amadeus IT Group SA; Amazon Web Services Inc; Cisco Systems Inc; Collins Aerospace; Embross Systems Pvt Ltd; Honeywell International Inc; SITA Switzerland SaRl; TAV Technologies Ltd; and Telefonaktiebolaget LM Ericsson are the leading companies operating in the Asia Pacific airport hub network communication market in the region.

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