Global Airport Technologies Market Outlook, Opportunities And Strategies

December 7, 2021 by The Business Research Company

Learn about the global airport technologies market through The Business Research Company, which provides information on airport technologies market size, airport technologies market drivers and restraints, airport technologies market players, the COVID-19 impact on the airport technologies market, and more.

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The global airport technologies market is expected to grow from $11.38 billion in 2020 to $12.09 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The airport technologies market is expected to reach $14.3 billion in 2025 at a CAGR of 4.3%.

Rise in illegal immigration is expected to drive innovation in airport technologies, thus driving the market during the forecast period.

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The airport technologies market consists of sales of airport technologies that enable a hassle free and convenient customer experience at the airport. The different types of airport technologies include airport communications, airport management systems and software, digital signage systems, fire-fighting systems, security systems, car parking systems, passenger management systems, baggage management systems, cargo control systems, landing aid, and guidance and lighting systems.

Global airport technologies market segments include:

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

By Application: Domestic Airport, International Airport

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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.

TBRC’s airport technologies market report covers:

Major Market Players: Thales ATM S.A, Honeywell Airport Solutions, Siemens Airports, Raytheon Corp and CISCO Systems Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Airport Technologies Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides airport technologies market overviews, analyzes and forecasts market size, share, airport technologies market players, airport technologies market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s airport technologies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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