COVID-19 Impact on Airport Operation-Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global COVID-19 Impact on Airport Operation market accounted for $7.66 billion in 2019 and is expected to reach $16.81 billion by 2027 growing at a CAGR of 14.0% during the forecast period. An increase in demand for passenger screening and management systems at airports, increasing demand for thermal scanners and biometric solutions and rise in demand for air cargo activity are some of the key driving factors for the market growth. However, the decline in air passenger traffic across the globe is restricting the overall growth of the market.
Airline Operations comprise dispatch, flight planning, flight watch, weather data provision, operations control, ground to air communications and integration with the crew, schedules and maintenance planning. Gate allocation, slot control, Air traffic control (ATC) and airport management are also covered as airline operations.
Based on technology, the passenger screening segment is expected to hold a significant share in Due to covid-19 the thermal scanner is in demand in airports, railway stations, and public areas looking for fever screening systems, the thermal imaging equipment manufacturer are witnessing a spike in the demand during the forecast period. This thermal scanner device is used during the SARS and H1N1 crises therefore; their demand is assigned to its effectiveness. Thermal imaging scanners are not only used in the airport but also in airlines to screen their passenger, pilots and staff.
By geography, Asia Pacific region holds a largest market share in the aircraft operation technologies industry. The shortfall in the number of passengers and the cancellation of flights have led to reduced revenues from airport charges such as landing & parking charges paid by airlines and passenger service & security charges paid by passengers. While aeronautical revenues are drying up, the cost base for airport operations remains unchanged as airports can neither close nor relocate their terminals during the outbreak in the region.
Some of the key players profiled in the COVID-19 Impact on Airport Operation include FLIR Systems, Honeywell, SITA, Collins Aerospace, Siemens AG, Fluke Corporation, Thales Group, Daifuku Co Ltd, and Amadeus IT Group Company.
• Baggage Scanners
• Passenger Screening
• E-gate & E-Kiosk
• 5G infrastructure
• Cybersecurity Solutions
• Ground Support Equipment
• Smart Tag & Radio-frequency identification (RFID)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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