Press release
Airport Operations Market| Huge Profitable Business & Next Big Thing to Adhering Social/Physical Distancing Considering Covid-19 Pandemics | Key Players - Rockwell Collins Inc., Amadeus IT Group, Siemens AG, Cisco Systems Inc., IBM Corporation
The global airport operations market is experiencing a significant growth due to increase in number air passenger traffic. Airport operations entail various activities done to efficiently manage an airport. Airport operations has four aspects to its landside operations, airside operations, billing operations, and information management. Landside operations include activities such as parking facilities, baggage tagging & handling, and terminal building maintenance, among others. Airside operations compromises activities such as air traffic management, aircraft landing & navigation, and runway management. Billing operations and information management involves actions such as flight billing, staff payrolls, and flight information. Further airport operations include operations that support aircrafts such as aircraft parking, hanger management, and aircraft refueling.
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COVID-19 scenario analysis:
• Travel bans imposed by nations all around the world to slow the spread of COVID-19 have impacted airport operations industry, since airport relies heavily on global air travel for its revenue generation.
• The demand for equipment and services necessary for airport operations has also plummeted due to disruption in supply chain and transportation services.
• Demand for smart passenger screening, in particular, will witness an increase in demand, post COVID-19 scenario for increased airport vigilance and safety.
• In the long-term, COVID-19 outbreak could help catalyze adoption of smart airport operations and investment in newer technology that could reshape the aircraft operations industry.
• Airlines are incurring noteworthy financial losses due to grounding of flights and reduced air traffic caused by travel restrictions imposed by authorities in the wake of COVID-19 pandemic.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Surge in number of airports, increase in demand for smart airport, and rise in adoption of remote towers are some of the factors that drive the global airport operations market. However, high upgradation cost of aging equipment and outdated infrastructure hinder the market growth. On the contrary, increase in investments in airports globally, digitalization of airports, predictive techniques to aid airport operations, and artificial intelligence present new pathways in the industry.
The global airport operations market trends are as follows:
Surge in number of airports
Governments have been developing infrastructure to meet the demand of growing air passenger traffic & aircraft fleet. Recently, in December 2019, Airport Authority of India (AAI) revealed its plans to develop country’s first three water aerodromes in Andaman & Nicobar (a union territory of India). Moreover, the Government of India is planning to invest 1,830 million USD by 2026, in airport infrastructure & aviation services development in the country. Such investment in airport infrastructure is expected boost the global airport operations market.
Rise in adoption of remote towers
Remote towers are being adopted quickly by modern airports to ensure faster & safe airport operation. For instance, in December 2018, Saarbrucken Airport (an airport in Saarland, Germany) deployed Germany’s first remote tower to control air traffic from a city Leipzig (a city in Germany), 450 KM away from Saarbrucken. This remote tower is operated by Deutsche Flugsicherung (DFS), the company in-charge of air traffic control for Germany. Such investments in remote towers for efficient air traffic management are expected to boost the global airport operations market.
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Key benefits of the report:
• This study presents the analytical depiction of the global airport operations industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global airport operations market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global airport operations market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global airport operations market analysis based on competitive intensity and how the competition will take shape in coming years..
Questions answered in the automotive e-commerce market research report:
• Which are the leading market players active in the airport operations market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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