Airport Management Market 2018 Trends, Size, Segment and Industry Growth by Forecast to 2023

Market Highlights:

Airport management enables airport regulatory authorities to gain an overview of all airports and optimize resources and equipment and control operations proactively. Other advantages of airport management include inter-airport collaboration, link to central control centers, automation of flight processing, faster billing cycles for airlines, provision of more accurate information to passengers and others. Airport management is being progressively deployed across the world to improve efficiency and streamline operations and gain unprecedented visibility and control across airports. As per the analysis of Market Research Future (MRFR), the global airport management market is expected to grow at a CAGR of 10% over the forecast period of 2017-2023.

The air traffic on a global scale is rising at a rapid pace and is expected to rise further in the coming years, creating severe challenges for airport operators and service providers which is one of the preliminary factors fuelling the adoption of airport management. To ensure seamless interoperability within the airport and ensure efficient handling of passengers, cargo, baggage, and other operations, airport management has become necessary in the present landscape. Increased usage of smartphones and other devices has also spurred the growth of airport management market. Passengers can be well informed about their journey details through messages, and any fluctuations can also be conveyed to them. In addition, towering demand for sophisticated and refined service at airports also drives the market. These days, airports are increasingly being considered as a commercial business hub rather than a public service organization which attracts more investment on the modernization of airports. The global airport management market is expected to reach a valuation of USD 15.5 Bn by the end of 2023.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4267

Major Key Players:

• IBM Corporation (U.S.),
• Cisco Systems, Inc. (U.S.),
• Siemens AG (Germany),
• Honeywell International Inc. (U.S.),
• Raytheon (U.S.),
• QinetiQ (U.K.),
• Amadeus IT Group (Spain),
• SITA (Switzerland),
• Rockwell Collins, Inc. (U.S.), Inform GmbH (Germany) and others.

According to MRFR, The global Airport Management Market is expected to grow at approx. USD 15.5 Billion by 2023, at 10% of CAGR between 2017 and 2023.

Industry Updates
In September 2018, Changi Airports International (CAI), signed a memorandum of understanding (MOU) with the Hunan Airport Management Group to co-operate in airport consultancy projects. The move comes as an effort on the part of Changi Airports International to grow its footprint in China.

Regional Analysis:

North America, Europe, Asia Pacific, and the Rest of the World are the key markets of the global airport management market. North America accounts for the largest share of the market on account of high air passenger traffic and substantial investment in the aerospace sector. High penetration of smartphones, technical advancements, and increasing security concerns at the airports in the region are other drivers. Moreover, the presence of major key players in the region creates a conducive environment for the growth of the market. The Asia Pacific airport management market is poised to expand at the fastest rate over the forecast period. The region has witnessed a considerable increase in air traffic in the last few years due to growing disposable income in the region. In addition, developing countries of the region are increasingly spending on sophisticated management at airport which further propels the growth of the market in Asia Pacific.

Industry Scenario:

Major giants like IBM Corporation and Siemens AG are investing into airport management market due to increasing need for sophisticated services management at the airports. Increasing adoption of smartphones and tablets is one major factor fueling the growth of airport management market. Owing to this, passengers are well informed about their journey details through messages.

North America region holds the largest market share of global airport management market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for sophisticated services at the airports and changing consumer preferences in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.
Airport management market has been segmented on the basis of component, airport size and application. The airport size segment is further bifurcated into class A, class B, class C, class D. Out of which, class B airport size sub segment holds the largest market share of the entire airport management market. Whereas class A airport size is expected to be the fastest growing during the forecast period. Airports despite of their sizes, need proper management of services in order to offer the passengers with a hassle free journeys and better travel experience.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/airport-management-market-4267

Market Segmentation:

The global airport management market has been segmented based on component, airport size, and application. By component, the market has been segmented into software and services. The software segment has been further segmented into passenger systems and non passenger systems. By services, the market has been segmented into managed services and professional services.
By airport size, the market has been segmented into class A, class B, class C, and class D.
By application, the market has been segmented into security, content management, logistics, integration, collaboration, gate management, performance management, business applications, and others.

Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• OEM technology solution providers

LIST OF TABLES
TABLE 1 AIRPORT MANAGEMENT MARKET, BY COMPONENT
TABLE 2 AIRPORT MANAGEMENT MARKET, BY AIRPORT SIZE
TABLE 3 AIRPORT MANAGEMENT MARKET, BY APPLICATION
TABLE 4 AIRPORT MANAGEMENT MARKET, BY REGIONS
TABLE 5 NORTH AMERICA AIRPORT MANAGEMENT MARKET, BY COMPONENT
TABLE 6 NORTH AMERICA AIRPORT MANAGEMENT MARKET, BY AIRPORT SIZE
TABLE 7 NORTH AMERICA AIRPORT MANAGEMENT MARKET, BY APPLICATION

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 AIRPORT MANAGEMENT MARKET, BY COMPONENT (%)
FIGURE 3 AIRPORT MANAGEMENT MARKET, BY AIRPORT SIZE (%)
FIGURE 4 AIRPORT MANAGEMENT MARKET, BY APPLICATION (%)
FIGURE 5 AIRPORT MANAGEMENT MARKET, BY REGIONS (%)
FIGURE 6 NORTH AMERICA AIRPORT MANAGEMENT MARKET, BY COMPONENT (%)

For More Information, Browse Press Release @ https://www.marketresearchfuture.com/press-release/airport-management-industry

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.