Industry Background:
Airport operations manage all the processes involved in the airport which ensures proper customer experience and includes passenger handling, baggage handling, and tagging. The airport operations consist of solutions and services which help in delivering improved customer service, gateway operators, TSA, etc., it also manages the airport traffic ensuring safety and efficiency in the airport operations. It includes landside operations, airside operations, billing & invoicing operations, and information management.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Collins Aerospace (Raytheon Technologies) (United States), Altexsoft (United States), Egis Group (France), airsight GmbH (Germany), ACS Aviation Solutions (Asutralia), Adani Group (India), Adacel ASX (United States), Heathrow Airport Limited (United Kingdom), ST Engineering (Singapore) and Coforge (India) |
This growth is primarily driven by Growing Air Traffic and Need for Improved Operational Planning and High Concentration of Movements with Demand for Handling all the Operations Involved in Airports for Providing Safety and Efficiency.
Globally, a noticeable market trend is evident Integration of Proprietary AI Platform for Analysis and Monitoring of Airport Traffic
Major Manufacturers, such as Collins Aerospace (Raytheon Technologies) (United States), Altexsoft (United States), Egis Group (France), airsight GmbH (Germany), ACS Aviation Solutions (Asutralia), Adani Group (India), Adacel ASX (United States), Heathrow Airport Limited (United Kingdom), ST Engineering (Singapore) and Coforge (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Airport Operations market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 25th March 2019, ST Engineering’s Electronics sector announced the launch of SERIS Airport Analytics to address the rising air traffic volume faced by global aviation markets. As pressures intensify with surging air transport demands, SERIS Airport Analytics is designed to enhance airports’ operational performance through data-driven and fact-based decision-making. Leveraging its advanced intelligence capabilities powered by machine learning and artificial intelligence, airport operators will be able to reduce delays in air traffic flow and congestion in airports during peak times, delivering a more seamless travel experience to passengers.
On 1st September 2020, Adani's acquisition of Mumbai Airport from GVK gets CCI green signal. The Competition Commission has approved Adani Group's proposed acquisition of a controlling stake in Mumbai airport from GVK Airport Developers under the green channel route. In August, it was announced that Adani Group will acquire GVK Airport Developers Ltd's (GVKADL) 50.50 percent stake as well as buy out the 23.5 percent stake of Airports Company of South Africa (ACSA) and Bidvest Group.
Regulatory Insights:
"The Airport Safety and Operations Division includes the Safety and Certification Program. The division holds primary responsibility for the safety and certification of airports; airport operations and safety practices, including aircraft rescue and firefighting and the mitigation of wildlife hazards; promotion of emergency operations, emergency management planning, and damage control at civil airports; and Federal activities at airports and their restoration after an attack or a natural disaster."
Influencing Trend:
Integration of Proprietary AI Platform for Analysis and Monitoring of Airport Traffic and Shifting Focus to Covert Airports from Government Organization to More Business Like Entities
Market Growth Drivers:
Growing Air Traffic and Need for Improved Operational Planning and High Concentration of Movements with Demand for Handling all the Operations Involved in Airports for Providing Safety and Efficiency
Challenges:
Rapidly Changing Environment and Weather Condition Impacting the Technological Operation Involved in Airport
Restraints:
Stringent Regulatory Guidelines on the Airport Operations
Opportunities:
Surging Demand for the Advanced Technology in Airport Operations and Rising Commercialization and Privatization of Airports will Boost the Airport Operations Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Airport Operations Market
- Analysis about New Entrants in Airport Operations Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Airport Operations Study Sheds Light on
The Airport Operations Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airport Operations industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airport Operations industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.