Advanced technologies are being used in various airport systems, such as security, airport communications, digital signage systems, airport management systems, fire, passenger and baggage handling, and car parking systems. Airports are now recognizing the need to move toward more efficient and less intrusive security to help them reduce the high cost of security implementation and to provide a hassle-free experience to travelers.
MARKET SCOPE
The "Global Advanced Airport Technologies Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the advanced airport technologies market with detailed market segmentation by type, airport class and geography. The report provides key statistics on the market status of the leading advanced airport technologies market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global advanced airport technologies market is segmented into airport communications, airport management software, car parking systems, airport digital signage systems, landing aids guidance and lighting, passenger baggage and cargo handling control systems, others
- On the basis of airport class, the market is segmented class i, class ii, class iii, class iv
MARKET DYNAMICS
Drivers:
- The rise in the number of passengers has caused problems to the airports in dealing with the arising passenger problems.
- Service disruptions, long check-in lines, and baggage issues are the three main areas of passenger discomfort. To tackle these challenges and improve the experience of the customer, airports worldwide have adopted newer technologies, such as self-check-in kiosks and face recognition systems, that are helping the airports in revolutionizing the check-in process.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The advanced airport technologies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the advanced airport technologies market in these regions.
IMPACT OF COVID-19 ON ADVANCED AIRPORT TECHNOLOGIES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the advanced airport technologies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from advanced airport technologies market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced airport technologies in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced airport technologies market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Hitachi Vantara LLC
- Thales Group
- Smiths Detection Group Ltd
- Honeywell International Inc.
- Johnson Controls
- NEC Corporation
- Leidos
- Analogic Corporation
- L3Harris Technologies, Inc.
- Rapiscan Systems