Airport Supply Chain Management Market Share Analysis, Trends, Segmentation, And Forecast To 2033

The airport supply chain management market size has grown rapidly in recent years. It will grow from $21.56 billion in 2023 to $24.04 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to regulatory changes, globalization, security concerns, economic trends, environmental concerns.

The airport supply chain management market size is expected to see rapid growth in the next few years. It will grow to $36.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to e-commerce growth, sustainable practices, big data and analytics, collaborative supply chains, resilience planning. Major trends in the forecast period include digital transformation, supply chain resilience, collaborative planning, automation and robotics, eco-friendly and sustainable practices.

Market Overview -
Airport supply chain management refers to ensuring that airports have the critical equipment they need in stock, keeping idle items to a minimum, decreasing maintenance costs, and maintaining a high level of inventory accuracy.

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The Expansion Of E-Commerce Propels The Growth Of Airport Supply Chain Management
Increasing e-commerce activities are significantly contributing to the growth of airport supply chain management. E-commerce refers to exchanging money or data or purchasing and selling products and services over an electronic network, primarily the internet. E-commerce operators use cargo planes to move their shipments and deliverables. Airport supply chain management helps in the proper management of these goods. For instance, in September 2022, according to the International Trade Administration, a US-based department of commerce, consumer e-commerce made up 30% of the UK's overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. Therefore, increasing e-commerce activities is driving the growth of the airport supply chain management market.

Competitive Landscape -
Major companies operating in the airport supply chain management market report are International Business Machines Corporation, Cisco Systems Inc., Siemens AG, Honeywell International Inc., Raytheon Company, QinetiQ Group plc, Amadeus IT Group SA, Sita, Rockwell Collins Inc., Inform GmbH, Dassault Systèmes SE, Vanguard Software Corporation, Coupa Software Inc., Verizon Connect Inc., Ultra Electronics Holdings plc, Unisys Corporation, Lockheed Martin Corporation, Indra Sistemas S.A., TAV IT, L3Harris Technologies Inc., Thales Group, Collins Aerospace, Sabre Corporation, GE Aviation, Accentur*e, Capgemini, Bollore Transport & Logistics, Panalpina World Transport Holding Ltd., Ceva Logistics AG, Geodis

Airport Supply Chain Management Embraces Technological Advancements
Technological advancement is a key trend in the airport supply chain management market. Major companies operating in the airport supply chain management market are integrating new technologies into the supply chain management system to modernise the airports and sustain their position in the market. For instance, in September 2021, Huawei Technologies Co., Ltd., a China-based technology company, launched the Airport Cloud-Network Solution. The solution is designed to help airports improve operational efficiency and enhance security and the passenger experience. The solution uses AirEngine Wi-Fi 6 to develop a gigabit wireless access network that provides constant coverage throughout the airport terminal building. Additionally, the technique removes blind areas and extends coverage by 20%. The solution creates a centralized backbone network for numerous services using IPv6+ technology. This makes it possible for the backbone network to fully support various services like security checks, retail, and ground handling.

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Key Segments -
The airport supply chain management market covered in this report is segmented -
1) By Component: Software, Services
2) By Type: Internal Supply Chain, External Supply Chain
3) By Application: Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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