Press release
Airport Operations Market to Grow at 10% CAGR, Reaching $10.51 Billion by 2029
Airport Operations
Airport Operations Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the market size of airport operations has seen robust growth. It is projected to expand, rising from $6.53 billion in 2024 to $7.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth experienced in the historic period is due to multiple factors such as the surge in global air travel, upsizing of airline fleets, growth in international trade and cargo, airport infrastructure enlargement, government-led investments in airport modernization, and the emergence of budget airlines pushing up passenger volumes.
Airport Operations Market Forecast: What Size Will It Reach By 2029?
Significant expansion is anticipated in the airport operations market in the coming years, with predictions for it to reach $10.51 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this projected growth include the increased use of smart technologies for improving operational efficiency, the rise in passenger numbers, an expanding e-commerce sector driving up air cargo demand, increased investment in the modernisation of airport infrastructure, and the growth of low-cost carriers making air travel more accessible. Forecasts for the coming period also reflect major trends such as the use of biometric authentication to streamline passenger processing, the application of AI to anticipate maintenance needs for both aircraft and infrastructure, the introduction of smart baggage tracking systems enabled by IoT, the use of advanced air traffic management systems to optimise efficiency, and the adoption of blockchain for secure data and cargo tracking.
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What Are the Strategic Drivers Boosting Airport Operations Market Performance?
The airport operations market is predicted to be driven by the escalating passenger traffic. This traffic includes individuals traveling via air, land, or sea, and it's quantified by the number of passengers transported within a specific time frame. Factors contributing to this increase include economic expansion, elevated demand for travel, affordable air travel rates, and heightened connectivity. This surge in traffic demands efficient airport operations to accommodate the increased need for services like check-ins, security, baggage handling, and broader infrastructure use. For example, the Airports Council International (ACI), a Canadian airport authority organization, predicted in January 2025 that global passenger traffic would exceed pre-pandemic figures, hitting 9.5 billion in 2024, 12 billion by 2030, and doubling to 19.5 billion by 2042 relative to 2024 numbers. Thus, the uptrend in passenger traffic is fueling the expansion of the airport operations market.
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What Are the High-Growth Segments in the Airport Operations Market?
The airport operations market covered in this report is segmented -
1) By Platform: Hardware, Software, Service
2) By Airport Operation: Terminal Infrastructure Maintenance And Upgrade, Passenger Screening, Catering And Quick Service Restaurants, Smart Technologies, Baggage Screening, Aircraft Maintenance, Repair, And Overhaul
3) By Airport Size: Class A, Class B, Class C, Class D
4) By Airport Category: Commercial Service Airports, Cargo Service Airports, Reliever Airports, General Aviation Airports
Subsegments:
1) By Hardware: Air Traffic Control Systems, Baggage Handling Systems, Security Screening Equipment, Passenger Boarding Bridges, Ground Support Equipment
2) By Software: Airport Management Software, Flight Information Display Systems (FIDS), Passenger Processing Systems, Airport Security And Surveillance Software, Air Traffic Management Software
3) By Service: Maintenance And Repair Services, Airport Security Services, Ground Handling Services, IT And Consulting Services, Passenger Assistance Services
Which Global Trends Are Driving Airport Operations Market Expansion?
Leading firms in the airport operations industry are giving high importance to technological innovations such as the incorporation of artificial intelligence (AI), aiming to boost efficiency, simplify functions, and upgrade passenger traffic. The AI technology replicates human cognitive processes, providing the machines with learning, reasoning, and decision-making abilities. For example, GMR Airports Limited, an Indian construction enterprise, introduced an AI-driven digital twin platform at Rajiv Gandhi International Airport in Hyderabad in December 2024. This platform amalgamates real-time data from airside, landside, and terminal operations into a single system, harnessing cutting-edge technologies like AI, real-time analytics, and IoT. Its goal is to enhance decision-making effectiveness, simplify airport functions, and improve passenger experience by easing rush, reducing delays, and heightening security.
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Who Are the Fastest-Growing Companies in the Airport Operations Industry?
Major companies operating in the airport operations market are Siemens AG, Honeywell International Inc., Collins Aerospace, Thales S.A., Adani Enterprises Limited, AECOM Technology Corporation, Envoy Air Inc., Amadeus IT Group SA, Aena S.M.E. S.A., Daifuku Co. Ltd., Fraport AG, SABRE GLBL INC., Royal Schiphol Group N.V., Société Internationale de Télécommunications Aéronautiques SC., Flughafen Zürich AG, Fluke Corporation, TAV Airports Holding A.S., Changi Airport Group (Singapore) Pte. Ltd., ADELTE GROUP S.L, Das Handling LTD, GMR Airports Limited, AviAlliance GmbH, The Manchester Airports Group plc.
What Is the Regional Outlook for the Airport Operations Market by 2029?
North America was the largest region in the airport operations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport operations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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