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How has the airport operations market grown in recent years?

The market size for airport operations has seen swift growth in recent years. It is projected to expand from $6.53 billion in 2024 to $7.21 billion in 2025, with a compounded annual growth rate (CAGR) of 10.4%. This upward trend during the historic period can be traced to several factors, including a surge in global demand for air travel, expansion of airline fleets, increase in international trade and cargo, extension of airport infrastructure, governmental airport modernization initiatives, and the emergence of low-cost airlines that have boosted passenger volumes.

How is the airport operations market size expected to evolve during the forecast period?

Anticipations for the airport operations market depict a swift expansion in the coming years, with a valuation reaching $10.62 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%. This expected growth during the forecast period can be attributed to multiple factors such as the widespread adoption of cutting-edge technologies to streamline operations, escalation in passenger flow, the expansion of e-commerce necessitating an increase in air cargo demand, substantial investment into upgrading airport infrastructure, and the prevalence of budget airlines improving air travel accessibility. Prominent trends during the predicted period encompass the utilization of biometric verification for efficient passenger processing, AI-backed predictive maintenance for aircraft and infrastructure, the introduction of IoT-facilitated smart baggage tracking systems, the commissioning of superior air traffic control systems for enhanced efficiency, and the adoption of blockchain for secure data exchange and cargo tracking.

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Which key drivers are propelling the airport operations market’s growth?

The airport operations market is likely to experience growth due to the anticipated increase in passenger traffic. This term covers the movement of individuals via various modes of transport, be it air, land, or sea, and is estimated by the count of passengers carried within a certain time frame. The surge in passenger traffic can be attributed to factors including economic expansion, the growing need for travel, reasonably priced airfares, and enhanced access. Rising traffic numbers requires airport operations that are able to adequately handle added demand for services, including efficient check-ins, security measures, baggage management, and optimal infrastructure usage. For example, predictions from the Canada-based Airports Council International (ACI), an organization of airport authorities, suggest that global passenger traffic will exceed pre-pandemic levels by the start of 2025, hitting 9.5 billion in 2024, over 12 billion by 2030, and soaring to a hefty 19.5 billion by 2042 compared to the figures from 2024. As a result, this surge in passenger traffic is stimulating the expansion of the airport operations market.

What are the market segments in the airport operations industry?

The airport operations market covered in this report is segmented –

1) By Platform: Hardware, Software, Service

2) By Airport Operation: Terminal Infrastructure Maintenance And Upgrade, Passenger Screening, Catering And Quick Service Restaurants, Smart Technologies, Baggage Screening, Aircraft Maintenance, Repair, And Overhaul

3) By Airport Size: Class A, Class B, Class C, Class D

4) By Airport Category: Commercial Service Airports, Cargo Service Airports, Reliever Airports, General Aviation Airports

Subsegments:

1) By Hardware: Air Traffic Control Systems, Baggage Handling Systems, Security Screening Equipment, Passenger Boarding Bridges, Ground Support Equipment

2) By Software: Airport Management Software, Flight Information Display Systems (FIDS), Passenger Processing Systems, Airport Security And Surveillance Software, Air Traffic Management Software

3) By Service: Maintenance And Repair Services, Airport Security Services, Ground Handling Services, IT And Consulting Services, Passenger Assistance Services

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Which leading companies are shaping the growth of the airport operations market?

Major companies operating in the airport operations market are Siemens AG, Honeywell International Inc., Collins Aerospace, Thales S.A., Adani Enterprises Limited, AECOM Technology Corporation, Envoy Air Inc., Amadeus IT Group SA, Aena S.M.E. S.A., Daifuku Co. Ltd., Fraport AG, SABRE GLBL INC., Royal Schiphol Group N.V., Société Internationale de Télécommunications Aéronautiques SC., Flughafen Zürich AG, Fluke Corporation, TAV Airports Holding A.S., Changi Airport Group (Singapore) Pte. Ltd., ADELTE GROUP S.L, Das Handling LTD, GMR Airports Limited, AviAlliance GmbH, The Manchester Airports Group plc.

What key trends are currently impacting the airport operations market’s development?

Big corporations in the airport operations sector are prioritizing technological enhancements, especially the incorporation of artificial intelligence (AI), with the aim of increasing efficiency, simplifying operations, and improving passenger traffic flow. AI mimics human intelligence aspects in machines, allowing them to learn, reason, and make solid decisions. For instance, in December 2024, GMR Airports Limited, a construction firm based in India, launched an AI-driven digital twin platform at Rajiv Gandhi International Airport in Hyderabad. This system fuses real-time data covering airside, landside, and terminal functions into one coherent system, utilizing advanced technologies including AI, real-time analytics, and IoT. The primary goal is to enhance decision-making, simplify airport operations, and boost passenger experience by reducing overcrowding, decreasing delays, and enhancing security measures.

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Which geographic areas are influencing the growth of the airport operations market?

North America was the largest region in the airport operations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport operations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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