Airport Management Market is predicted to reach USD 1.9 billion at a CAGR of 21.9% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Airport Management Market” that contains information from 2018 to 2030. The Airport Management market is estimated to register a CAGR of 21.9% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Airport Management market— Microsoft Corporation (US), Blip System (Denmark), Huawei (China), isco (US), SAP SE (Germany), Amadeus IT Group (Spain), QinetiQ, Amadeus IT Group, SITA, Rockwell Collins, Inc, and Inform GmbH.
Airport Management Market Highlights
The global Airport Management market is accounted to register a CAGR of 21.9% during the forecast period and is estimated to reach USD 1.9 billion by 2030.
The airport management market involves services and solutions aimed at efficient and seamless operation of airports. It encompasses diverse aspects such as passenger handling, security, maintenance, and optimizing resources for enhanced traveler experience and overall operational effectiveness.
Segment Analysis
The global Airport Management market has been segmented based on Component, Airport Size and Application.
On the basis of Component, the market is segmented into software and services. The software market category led in 2022 and is expected to continue to do so through 2030. Both passenger systems and non-passenger systems are included in the software sector.
Based on Airport Size, the global Airport Management market has been segmented into class A, class B, class C, class D. The majority of Class C airports belonged to this category due to its affordable operating expenses and effective management. These airports feature fewer amenities and services but reduced landing fees because they are close to the city centre.
Based on Application, the global Airport Management market has been segmented into security, content management, logistics, integration, collaboration, gate management, performance management, business applications and others. By 2030, the market is expected to be controlled by the security sector, which dominated in 2021. Strict government regulations governing airport and passenger safety, as well as the movement of illicit commodities via air freight, have contributed to the segment's growth.
Regional Analysis
The global Airport Management market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Airport Management market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Airport Management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Airport Management market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Airport Management Market dominated this market in 2022. Both the number of airports and the number of travellers using them are increasing. Additionally, new projects are being launched by regional and national governments to enhance the infrastructural services offered to air travellers.
Additionally, Due to increased financial investments in the aviation sector by nations including the United Kingdom, Germany, France, Russia, and others, Europe holds the second-largest market share for airport management. Additionally, the UK airport management market grew at the highest rate in the European region, while the German airport management market held the largest market share.
Moreover, From 2023 to 2030, the North American airport management market is anticipated to experience the fastest CAGR growth. This is because the United States has the greatest fleet of aeroplanes and a significant number of airlines operating there. Due to the large number of airports and airline spending on airport renovation, the industry in North America is growing. Additionally, the Indian airport management market had the quickest rate of growth in the North American area, while China's airport management industry had the greatest market share.
Key Findings of the Study
- The global Airport Management market is expected to reach USD 1.9 billion by 2030, at a CAGR of 21.9% during the forecast period.
- The Asia-Pacific Airport Management Market dominated this market in 2022. Both the number of airports and the number of travellers using them are increasing.
- Based on Application, By 2030, the market is expected to be controlled by the security sector, which dominated in 2021.
- Microsoft Corporation (US), Blip System (Denmark), Huawei (China), isco (US), SAP SE (Germany), Amadeus IT Group (Spain), QinetiQ, Amadeus IT Group, SITA, Rockwell Collins, Inc, and Inform GmbH.
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Companies Covered | 15 |
Pages | 100 |
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