Press release
Airport Asset Tracking Market Business Opportunity to 2027 – Top Companies Abeeway, Adveez, Asset Fusion Limited, Ctrack, indoo.rs GmbH, Litum, Semtech, Steerpath Oy, TracLogik, Undagrid
Airport Asset Tracking Market Outlook By 2027
Not to mention, this gathered data and information is represented very well in the whole Airport Asset Tracking Market report with the help of most appropriate graphs, charts or tables to simplify the flow of information for better user understanding. This Airport Asset Tracking Market report is a sure fire solution that businesses can adopt to thrive in this swiftly changing marketplace. This Airport Asset Tracking Market Report Focuses On The Global Top Players are Abeeway, Adveez, Asset Fusion Limited, Ctrack, indoo.rs GmbH, Litum, Semtech, Steerpath Oy, TracLogik, Undagrid
According to the new research report, titled “Airport Asset Tracking Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Offering (Hardware and Software), Asset Type (Fixed Assets, Portable Assets, and Mobile Assets), and Geography” published by The Insight Partners, the market is expected to reach US$ 892.2 million by 2027, registering a CAGR of 13.1 % during 2020–2027.
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The global airport asset tracking market is segmented on the basis of offering and asset type. Based on offering, the airport asset tracking market is segmented as hardware and software. Based on asset type, the airport asset tracking market is segmented as fixed assets, portable assets, and mobile assets. The airport asset tracking market is competitive in nature with the presence of a large number of players.
As per the International Air Transport Association (IATA), China is anticipated to surpass the US as the world’s largest aviation market in the mid-2020s. To be the largest aviation market, the country needs to deploy advanced technologies with an aim to improve the airport and passenger experience. Additionally, the country’s airports are experiencing significant investment in sophisticated technologies which is expected to propel the growth of airport asset tracking market.
Key Players Influencing the Market
•Abeeway
•Adveez
•Asset Fusion Limited
•Ctrack
•indoo.rs GmbH
•Litum
•Semtech
•Steerpath Oy
•TracLogik
•Undagrid
The growing investments toward the construction of newer airports and expansion of the existing ones are encouraging the adoption of enhanced solutions for better operations, which is contributing to the airport asset tracking market growth. Airports nowadays are focused on deploying and integrating advanced technologies to enable passengers, airline crews, airport staff, and other individuals to operate smoothly.
Apart from managing passenger movement, numerous other tasks are performed at airports, including cargo handling, baggage management, loading, and ramp management; to ensure an ease flow of these operations, airport management seeks advanced solutions and technologies. Further, with the rising number of air travelers, there has been an increase in the expansion of existing airport facilities with a greater number of terminals. Therefore, a globally growing number of airports is supporting the growth of airport asset tracking market.
With a goal to bring advanced technologies in airport processes to enhance productivity, all the airport operators take the digitalization approach. For instance, in July 2020, Thailand's aviation agencies inked a 5G Smart Airport MoU to provide 5G networks and services at different airports in Thailand. The government bodies of Thailand are collaborating with Huawei to introduce 5G networking. Steps to introduce smart airports in the Asian economy would trigger the adoption of technologies such as asset tracking and asset management at these facilities. Further, in January 2018, Inseego received a contract from KLM Equipment Services to deploy their Ctrack Aviation asset tracking and management services at the Hong Kong International Airport.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Airport Asset Tracking Market
• Key market trends cracking up the growth of the Airport Asset Tracking Market
• Challenges to market growth.
• Key vendors of Airport Asset Tracking Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Airport Asset Tracking Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region
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