The global airport technologies market size is expected to grow from $11.35 billion in 2021 to $12.30 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The change in the airport technology market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $14.88 billion in 2026 at a CAGR of 4.9%.
What is the Global Airport Technologies Market?
The airport technologies market consists of sales of airport technologies that enable a hassle free and convenient customer experience at the airport. The different types of airport technologies include airport communications, airport management systems and software, digital signage systems, fire-fighting systems, security systems, car parking systems, passenger management systems, baggage management systems, cargo control systems, landing aid, and guidance and lighting systems.
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What drives the Global Airport Technologies Market?
Rise in illegal immigration is a key driver of the airport technologies market. According to data published by the German Federal Police, by the end of October 2020, a total of 1,569 migrants illegally entered Germany from Norway, Sweden and Denmark since the beginning of 2020. To curb illegal immigration, advanced airport technologies are being increasingly used. In this regard, airport technology in the form of facial recognition has led to many arrests for illegal immigration at airports. Similarly, technologies such as Mobile Passport Control (MPC) and radio-frequency identification (RFID) based tracking solution have been deployed in many airports. The MPC technology uses a mobile app that allows US citizens or visitors from Canada to expedite their entry into the USA. This app has been approved by the U.S. Customs and Border Protection (CBP).
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Global Airport Technologies Market Segments
The global airport technologies market is segmented:
By Type: Airport Digital Signage Systems, Car Parking Systems, Airport Communications, Landing Aids, Guidance and Lighting, Passenger, Baggage and Cargo Handling Control Systems, Airport Management Software
By Airport Size: Small, Medium, Large
By Application: Domestic Airport, International Airport
By Geography: The regions covered in the airport technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Airport Technologies Global Market Report 2022provides market size and growth forecasts for the global airport technologies market, global airport technologies market share, airport technologies market segments and geographies, airport technologies market competitive landscape including leading competitors’ revenues, profiles and market shares. The airport technologies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Airport Technologies Industry Playersinclude Thales ATM S.A, Honeywell Airport Solutions, Siemens Airports, Raytheon Corp, CISCO Systems,Inc, Hitachi,Ltd, Bosch Security Systems,Inc, Rockwell Automation, Analogic, Smiths Detection International, Oshkosh Truck Corp, MATRIX SYSTEMS, DSG SYSTEMS AG, Airport Information Systems,Ltd, Garrett Metal Detectors, KUKA Roboter, Passur Truck Corp, Pensher Skytech, Vanderlande Industries, Syagen Technology, ArincInc, A4 Vision, Alstom Aerospace airports and American Lafrance Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
