COVID-19 Impact on Airport Operations Market 2020-2025: FLIR Systems, Honeywell, SITA, Collins Aerospace, Siemens AG, Fluke Corporation, Thales Group, Daifuku Co. Ltd and Others.

According to Market Study Report, Airport Operations Market provides a comprehensive analysis of the Airport Operations Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Airport Operations Market. An exclusive data offered in this report is collected by research and industry experts team.

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Post COVID-19, the airport operations market is projected to grow from USD 8.5 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 11.0% during the forecast period. In the short term, the market is expected to see a huge drop from 2020 to 2021 (12.4%) and is expected to see a slight recovery from 2021 to 2022. This report spread across 85 pages, profiling 09 companies and supported with 27 tables and 30 figures are now available in this research.

Top Key Players Profiled in the Airport Operations Market:
o FLIR Systems (US)
o Honeywell (US)
o SITA (Switzerland)
o Collins Aerospace (US)
o Siemens AG (Germany)
o Fluke Corporation (US)
o Thales Group (France)
o Daifuku Co.Ltd. (Japan)
o Amadeus IT Group (Spain)

"Based on technology, the biometric solutions segment is anticipated to grow at the highest CAGR during the forecast period"
Based on technology, the biometric solutions segment is anticipated to grow at the highest CAGR during the forecast period. Technologies such as self-service and facial & voice recognition have been introduced for passenger identity, check-ins, and availing boarding passes. These technologies at airports have improved customer service, reduced operational costs, and increased revenues of airlines as well as airports. Airports with such technologies are able to cope with the COVID-19 outbreak better

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"Asia Pacific is estimated to lead the airport operations market in 2020"
Airports Council International (ACI) Asia-Pacific warns that the prolonged duration of the COVID-19 outbreak will significantly impact the region's airports and prevent them from achieving previously-forecasted growth prospects. The airport association urges regulators and governments to implement well-defined adjustments and relief measures tailored to suit local-level contexts. According to ACI World estimates, Asia Pacific is impacted the worst, with passenger traffic volumes down 24% for the first quarter of 2020 compared to forecasted traffic levels without COVID-19. After fighting the COVID-19 pandemic, China's aviation industry is moving into the recovery stage, and it is unsurprising that Chinese airlines are the ones bucking the global trend and adding capacity.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
o By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%
o By Region: North America - 45%, Europe - 20%, Asia Pacific - 30%, Rest of the World - 5%

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Reason to access this report:
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall airport operations market and its sub segments. The report covers the entire ecosystem of airport operations in the aviation industry and will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies.

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