Press release
Airport Supply Chain Management Market: Soaring at a CAGR of 10.3%, Set to Touch $25.94 Billion by 2025
Airport Supply Chain Management Market
What Is The Projected Market Size Of The Global Airport Supply Chain Management Market And Its Growth Rate?
• Rapid growth has been witnessed in the airport supply chain management market in recent years. The market size is set to grow from $23.51 billion in 2024 to $25.94 billion in 2025, bringing forth a compound annual growth rate (CAGR) of 10.3%.
• The growth in the historic period has been spurred by regulatory changes, globalization, security concerns, economic trends, and environmental concerns.
• The upcoming years foretell a rapid growth in the market size, stretching it to $41.78 billion in 2029, a CAGR of 12.6% driven by e-commerce growth, sustainable practices, etc. Major forecast trends include digital transformation and supply chain resilience.
What Is Driving The Growth In The Airport Supply Chain Management Market?
Surge in e-commerce activities significantly contributes to the growth of the airport supply chain management market. Operators resort to cargo planes for shipping their products and services where leading-edge airport supply chain management is a necessity for proper goods management. Take, for instance, in September 2022, the International Trade Administration of US cleared that consumer e-commerce composed 30% of the UK's overall retail sector. This, alongside e-commerce revenue of more than $120 billion, is accelerating the growth in the airport supply chain management market.
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Who Are the Key Players Driving Airport Supply Chain Management Market Growth?
• 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
• Acc*enture
• Capgemini
• Bollore Transport & Logistics
• Panalpina World Transport Holding Ltd.
• Ceva Logistics AG
• Geodis
What Are The Key Trends In The Airport Supply Chain Management Market?
• Digital Transformation
• Supply chain resilience
• Collaborative planning
• Automation and robotics
• Eco-friendly and sustainable practices
What Are The Segments Of The Global Airport Supply Chain Management Market?
• By Component: Software, Services
• By Type: Internal Supply Chain, External Supply Chain
• By Application: Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Other Applications
Which Region Leads The Airport Supply Chain Management Market?
The largest chunk in the airport supply chain management market share in 2024 was held by North America. While the report covers various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa, North America has emerged as the leader.
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What Is Covered In The Airport Supply Chain Management Market Global Market Report?
- Market Size Analysis: Analyze the Airport Supply Chain Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Airport Supply Chain Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Airport Supply Chain Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Airport Supply Chain Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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