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2021
Airport Terminal Operations Market

Airport Terminal Operations Market by Operation Type (Terminal Infrastructure Maintenance & Upgrade, Passenger Screening, Catering & QSR, Smart Technologies, Baggage Screening, and Aircraft MRO), Airport Category (Class A, Class B, Class C, Class D, and Class E), and Technology (Passenger Screening, Baggage Scanners, 5G Infrastructure, E-Kiosk, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12792
Pages: NA
Oct 2021 | 139 Views
   
Author(s) : Sonia Mutreja
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COVID-19

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Airport Terminal Operations Market Outlook 2030 -

An airport terminal is a building at an airport where passengers transfer between ground transportation and the facilities that allow them to board and disembark from an aircraft. Within the terminal, passengers purchase tickets, transfer their luggage, and go through security. The buildings that provide access to the airplanes (via gates) are typically called concourses. However, the terms "terminal" and "concourse" are sometimes used interchangeably, depending on the configuration of the airport. Smaller airports have one terminal while larger airports have several terminals and/or concourses. At small airports, the single terminal building typically serves all of the functions of a terminal and a concourse. The market is driven by the need for managing passengers, aircraft, and baggage on time at airports, construction of new airports or terminals, and the increase in the air passenger traffic. However, operational accidents and missing/loss of baggage remain as concerns for the market. The use of blockchain technologies and increasing automation of the total airport management systems is expected to revolutionize the entire operations of the terminals at an airport. Modern airport terminals are rapidly adopting smart technologies, such as artificial intelligence (AI) powered self-service kiosks and robots, to enhance their service offerings to the passengers. An airport terminal is designed to ensure a streamlined flow of passengers, both outgoing and incoming, and it houses all necessary facilities, such as ticketing services, passenger screening checkpoints, catering and QSR hubs, and baggage screening and sorting systems.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Operation Type, Airport Category, Technology, and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

 Companies covered

OSI Systems Inc., SITA, BEUMER Group, Adelte Group SL, Smiths Group, ThyssenKrupp AG, Rockwell Collins Inc., Amadeus IT Group, Siemens AG, and Cisco Systems Inc.,

 

COVID-19 Impact analysis

Travel bans imposed by nations all around the world to slow the spread of COVID-19 have impacted airport terminal operations industry, since airport relies heavily on global air travel for its revenue generation. The demand for equipment and services necessary for airport operations has also plummeted due to disruption in supply chain and transportation services. Demand for smart passenger screening, in particular, will witness an increase in demand, post COVID-19 scenario for increased airport vigilance and safety. In the long-term, COVID-19 outbreak could help catalyze adoption of smart airport operations and investment in newer technology that could reshape the aircraft operations industry. Airlines are incurring noteworthy financial losses due to grounding of flights and reduced air traffic caused by travel restrictions imposed by authorities in the wake of COVID-19 pandemic.

Top Impacting Factors

  • Rise in baggage screening technology, surge in number of airports, and increase in demand for smart airport are driving the growth of the market.
  • High upgradation cost is expected to hamper the growth of the market.
  • Increase in investments in airports globally, digitalization of airports, predictive techniques to aid airport operations, and artificial intelligence can be seen as an opportunity for the market investments.

The airport terminal operations market trends are as follows:

Rise in baggage screening technology

Major airports are focusing to minimize passenger delay at checkpoints while maintaining an advanced level of security. Airports are incorporating advanced and innovative technologies to improve the screening of bags. Increasing air passenger traffic and rising security threats across the world are some of the key factors driving the need for advanced baggage screening systems. New regulations by airport regulatory agencies demand airports to incorporate intelligent systems that detect a wide range of dangerous goods and substances to prevent terrorism and the movement of illicit materials. Additionally, the entire hold baggage screening (HBS) process is set to be transformed, as airports across Europe upgrade to the European Civil Aviation Conference (ECAC) Standard 3-certified explosive detection systems (EDS). The deadline for ECAC Standard 3 compliance was 2018 for the United Kingdom and 2020 for the Rest of Europe. Earlier, in August 2019, the current UK government announced its plan to mandate 3D cabin baggage screening equipment at all the major airports in the United Kingdom by December 2022. In addition, the development of technologically advanced systems that offer enhanced operational efficiencies is expected to create the demand for such systems, thereby, boosting the growth of the market segment during the forecast period.

Key segments covered:

Segments

Sub-segments

 Operation Type

  • Terminal Infrastructure Maintenance & Upgrade
  • Passenger Screening
  • Catering & QSR
  • Smart Technologies
  • Baggage Screening
  • Aircraft MRO

 Airport Category

  • Class A
  • Class B
  • Class C
  • Class D
  • Class E

 Technology

  • Passenger Screening
  • Baggage Scanners
  • 5G Infrastructure
  • E-Kiosk
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the airport terminal operations market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the airport terminal operations market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the airport terminal operations market growth scenario.
  • The report provides a detailed airport terminal operations market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the airport terminal operations market research report:

  • Which are the leading market players active in the airport terminal operations market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the airport terminal operations market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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