Rising need of real-time information are expected to augment the market at a healthy CAGR of ~6.3% during the forecast period of 2024 to 2032

Market Research Future has published its half-cooked research report on the global airport operations market.

Market Highlights

According to MRFR analysis, the global airport operations market is expected to register a CAGR of 21.90% from 2024 to 2032 and hold a value of over USD 25.3041 Billion by 2032.

Airport operations include a broad range of steps that ensure an aircraft functions effectively under various conditions. Information management, financial operations, airside operations, and landside operations are the four main areas for airport operations. Runway management, ground handling security, aircraft landing and navigation, and air traffic control are all included in the airside operations. Landside activities are concentrated on passenger service and building upkeep for airport terminals. It includes tasks like passenger check-in, labeling and handling of bags, parking facilities, managing vehicle traffic, staffing, and resource allocation, among others. Rapid and significant changes brought about by COVID-19 have had a considerable impact on airport traffic and profitability. The COVID-19 epidemic caused a decrease in passenger travel all across the world.

Regional Analysis

It is predicted that the Asia Pacific region would represent a significant portion of the market over the forecast period. It takes place as a result of the rising demand from developing nations like China and India for modernizing existing airports. The sector is also anticipated to grow due to the popularity of smartphone applications that support the internet of things (loT). Europe is anticipated to experience the greatest increase in passenger travel activity throughout the predicted period. To improve the operational efficiency of airports in Latin America, the Middle East, and Africa, there is an increasing demand for airport management systems in other parts of the world.

Segmentation

The global airport operations market has been segmented into operation type, and airport size.

Based on operation type, the market has been segmented into baggage screening, terminal infrastructure maintenance and upgrade, smart technologies, passenger screening, catering and QSR, and aircraft MRO. During the projection period, it is anticipated that the baggage screening segment would account for the greatest market share. At checkpoints, major airports are focusing on minimizing wait times for passengers while upholding a high degree of security. Ingenious and cutting-edge technology is being used by airports to improve luggage screening. Increased air passenger volume and threats to worldwide security are the primary drivers of the demand for sophisticated baggage screening technologies. New laws by airport regulatory bodies mandate airports to install sophisticated technologies that can recognize a range of hazardous goods and substances to prevent terrorism and the transfer of unlawful materials.

Based on airport size, the market has been segmented into class A, class B, class C, and class D. The class B segment is expected to grow at the highest CAGR over the forecast period. The increase in passenger traffic from smaller cities has been a major factor in airports' desires to expand and modernize their facilities, which is why the segment's size has grown.

Key Players

Some of the key market players are Collins Aerospace,FLIR Systems, Inc., Fluke Corporation, Daifuku Co., Ltd., Amadeus IT Group SA, SITA, Honeywell International Inc., Siemens AG, Thales Group, SABRE GLBL INC.