COVID 19 Impact On Airport Operations Market Overview
COVID-19 virus has spread globally without admitting borders. It has impacted all sectors, all industries, and all aspects of our lives with financial losses, disturbing economic and significant uncertainties. The global aviation sector has never suffered such a greater shock than ever before. The market is projected to observe a huge drop in the short term, from 2020 to 2021 and is projected to gain a slight recovery from 2021 to 2022. Further, this pandemic has created a knock-on effect in the ecosystem - Air Navigation Service Providers are facing reduction of air traffic service charges and airports are affected by dropping aeronautical and non-aeronautical revenues. Whereas, ground handlers are receiving lesser jobs from the reduced volume of traffic through the airport. Airports Council International (ACI) stats that the COVID-19 pandemic would eradicate two-fifths of passenger traffic and about half of revenues for airports in 2020.Increasing concerns regarding Health and safety measure to boost The COVID-19 Impact on Airport Operations Market over the forecast period.
COVID 19 Impact On Airport Operations Market Dynamics
Growth in smart security at airports
Growth in smart security applications at airports worldwide is boosting innovation in the security for passenger and baggage screening segments. The aim of smart security is to provide seamless passenger journeys, reinforce security, lift efficiency, eradicate delays due to human error, and reduce operational costs. Self-service technologies have been launched for check-ins, bookings, and availing boarding passes. Self-service technologies at airports have decreased operational costs, improved customer service, and improved revenues for airlines as well as airports.
Adoption of growth strategies by key players
Leading companies in the airport operations market are directing towards short-term strategies to challenge the COVID-19 pandemic. For the short-to-long term, airport operations technology companies, autonomous equipment manufacturers, robotics firms, and digital service providers are looking for the opportunities to drive their market share. This is mainly attributed due to the ongoing crisis as they can successfully tone their existing products to the aviation industry. Moreover, due to the reduced movement of passenger and aircraft, airport operators are being negatively impacted. Thus, a decline has been observed in the growth of this segment due to travel bans. Nevertheless, international regulatory bodies are making efforts to support loss-making airports with funding and the waiver of concession fees. Athena Security, a US-based threat detection and screening company has introduced ‘Fever Detection COVID19 Screening System.’ It deploys ‘artificially intelligent thermal cameras’ to detect fevers and alert users of the presence of someone who may be infected with COVID-19.
The rise in demand for management systems and passenger screening at airports is expected to propel the growth of the target market in the coming years. Conversely, reduction in air passenger traffic globally is hampering the overall growth of the market.
COVID 19 Impact On Airport Operations Market Segmentation
COVID-19 impact on airport operations market is segmented based on technology, and region.
On the basis of technology, the COVID-19 impact on airport operations market is segmented into passenger screening, baggage scanners, smart tag & RFID, E-gate & E-Kiosk, 5G infrastructure, cybersecurity solutions, and ground support equipment. Airports adopting such technologies can deal with the outbreak of COVID-19. Growth in demand for smart passenger screening solutions is anticipated to swell post the COVID-19 pandemic in the long term, as airports will strive to maintain vigilance levels.
Regional Insights:
On region the COVID-19 impact on airport operations market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a highest CAGR in the coming years. The requirement for enhancing airport operations and optimizing passenger experiences is stimulating investments in smart technology. Adopting technologies such as AI, IoT, and Big Data in airport operations has increase operational efficiency and has boosted transparency. Furthermore, according to the current passenger growth rate as well as the swelling fleet sizes of airlines, airports are required to make data-driven decisions accordingly by leveraging new technologies such as AI, IoT, and Blockchain. The US and Canadian governments have declared sweeping travel limitations amid the novel COVID-19 outbreak.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Technology- Passenger Screening, Baggage Scanners, Smart Tag & RFID, E-gate & E-Kiosk, 5G infrastructure, Cybersecurity Solutions, and Ground Support Equipment |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the global COVID-19 impact on airport operations market report based on technology and region.
COVID-19 Impact on Airport Operations Market, By Technology:
- Passenger Screening
- Baggage Scanners
- Smart Tag & RFID
- E-gate & E-Kiosk
- 5G infrastructure
- Cybersecurity Solutions
- Ground Support Equipment
COVID-19 Impact on Airport Operations Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
COVID 19 Impact On Airport Operations Market Key Players
The key players operating in the COVID-19 impact on airport operations market includes FLIR Systems, Honeywell, Siemens AG, Thales Group (France) Daifuku Co., Ltd. (Japan), Collins Aerospace, SITA, Fluke Corporation, and Amadeus IT Group. These prominent players have undertaken growth strategies such as new product developments, partnerships, contracts, collaborations, agreements, and acquisitions to swell their presence in the coming years.
For instance, FLIR Systems, Inc. is a leading player in the thermal imaging market and holds a strong product portfolio. The company has significant R&D investments resulting in a consistent product launch. The company undertakes organic strategies such as product launch and inorganic growth strategies such as acquisition, partnership, and contract to support its position target market. Furthermore, the company supplies its thermal product range highly to the US and French army.
COVID 19 Impact On Airport Operations Market Company Profile
- FLIR Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell
- Siemens AG
- Thales Group (France) Daifuku Co., Ltd. (Japan)
- Collins Aerospace
- SITA
- Fluke Corporation
- Amadeus IT Group
“*” marked represents similar segmentation in other categories in the respective section.
COVID 19 Impact On Airport Operations Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for COVID-19 Impact on Airport Operations Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology, 2023-2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2023-2029
- Y-o-Y Growth Analysis (%), 2023-2029
- Segment Trends
- Passenger Screening
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- Baggage Scanners
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- Smart Tag & RFID
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- E-gate & E-Kiosk
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- 5G infrastructure
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- Cybersecurity Solutions
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- Ground Support Equipment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2023-2029
- Overview
- Global Market, By Region, 2023-2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2023-2029
- Y-o-Y Growth Analysis (%), 2023-2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Technology, 2023-2029
- Market Size and Forecast (US$ Mn), By Country, 2023-2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Technology, 2023-2029
- Market Size and Forecast (US$ Mn), By Country, 2023-2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Technology, 2023-2029
- Market Size and Forecast (US$ Mn), By Country, 2023-2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Technology, 2023-2029
- Market Size and Forecast (US$ Mn), By Country, 2023-2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Technology, 2023-2029
- Market Size and Forecast (US$ Mn), By Country, 2023-2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- FLIR Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Honeywell
- Siemens AG
- Thales Group (France) Daifuku Co., Ltd. (Japan)
- Collins Aerospace
- SITA
- Fluke Corporation
- Amadeus IT Group
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global COVID-19 impact on the airport operations market is segmented based on technology and region.
Increasing demand for smart passenger screening is the major factor driving the growth of the global market.
The Asia Pacific region accounts for the highest market share in the aircraft operation technologies industry. The ACI World Airport Traffic Forecasts 2019–2040 estimated US$ 12.4 billion in revenue for the first quarter of 2020 in the Asia Pacific region under normal conditions. The impact of COVID-19 is expected to result in a revenue loss of US$ 3 billion.
Prominent players have undertaken several growth strategies such as contracts, expansions, acquisitions, new product launches, and partnerships & agreements to enlarge their presence in the airport operations market further.