What Fueled The Previous Growth In The Airport Operations Market?
The airport operations market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant expansion in the airport operations market size. The market, which is projected to increase from $6.53 billion in 2024 to $7.21 billion in 2025, is set to experience a compound annual growth rate(CAGR) of 10.4%.
The historic growth can be linked to a surge in the global demand for air travel, an increase in the size of airline fleets, international trade and cargo boost, extensions in airport infrastructure, government funding for airport modernization, and an increase in low-cost carriers leading to higher passenger volumes.
How Does the Forecast Look for the Airport Operations Market Size In The Coming Years?
The airport operations market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for airport operations is projected to experience significant expansion in the years to come. It is expected to reach $10.62 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%.
This growth during the forecast period can be credited to factors such as increased use of intelligent technology for improving operational efficiency, swelling passenger traffic, expansion of e-commerce which increases air cargo demand, substantial investments in the modernization of airport infrastructure, and the growth of low-cost carriers improving air travel accessibility. The forecast period also anticipates major trends including the use of biometric authentication for easy passenger processing, predictive maintenance powered by AI for aircraft and infrastructure, application of IoT-based smart systems for baggage tracking, the establishment of cutting-edge air traffic management systems to improve efficiency, and the employment of blockchain for secure data and cargo tracking.
What Are The Leading Drivers Of Growth In The Airport Operations Market?
The escalating numbers of passengers is predicted to boost the growth of the airport operations market. Passenger traffic, defined as the movement of people by air, land, or sea, and assessed based on the number of passengers transported over a certain period, is on the rise due to factors like economic expansion, growing travel demand, reasonable airfares, and enhanced connectivity. This spike in passenger traffic necessitates competent airport operations to meet the amplified demand for services such as check-ins, security, baggage handling, and general infrastructure usage. Take for instance, a projection by the Airports Council International (ACI), a Canada-based organization of airport authorities, which states that global passenger traffic will exceed pre-pandemic levels, hitting 9.5 billion in 2024, over 12 billion by 2030, and going up to a whopping 19.5 billion by 2042 compared to 2024 levels, in January 2025. Thus, the rise in passenger traffic is acting as a catalyst for the growth of the airport operations market.
How Are The Segments Defined Within The Global 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
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How Are New Trends Expected To Influence The Growth Of The Airport Operations Market?
Major companies operating in the airport operations market are prioritizing technological advancements, including the integration of artificial intelligence (AI), to improve efficiency, streamline operations, and enhance passenger flow. Artificial intelligence (AI) is the simulation of human intelligence processes by machines, enabling them to learn, reason, and make decisions. For instance, in December 2024, GMR Airports Limited, an India-based construction company, launched an AI-powered digital twin platform at Rajiv Gandhi International Airport in Hyderabad. The platform integrates real-time data across airside, landside, and terminal operations into a unified system, leveraging advanced technologies such as artificial intelligence, real-time analytics, and IoT. It aims to optimize decision-making, streamline airport operations, and enhance the passenger experience by reducing congestion, minimizing delays, and improving security.
Who Are the Key Players In The Airport Operations Market?
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 Most Dominant Region In The Airport Operations Market?
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.
