Airport Technologies Market 2024-2033: Competitor Assessment, Industry Size And Major Players

"The new report published by The Business Research Company, titled Airport Technologies Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the airport technologies market size has grown strongly in recent years. It will grow from $13.02 billion in 2023 to $13.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The airport technologies market size is expected to see strong growth in the next few years. It will grow to $16.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.

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Rising Concerns Over Illegal Immigration Drive Adoption Of Advanced Airport Technologies
Rise in illegal immigration is a key driver of the airport technologies market. For instance, in May 2023, according to the European Commission, the Belgium-based executive arm of the European Union (EU), focused on policies and regulations, irregular border crossings in Europe surged to 331,400 in 2022, marking a 66% increase compared to 2021. 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).

Automated Baggage Handling Systems Enhance Efficiency In The Airport Technologies Market
The implementation of automated baggage handling systems is an emerging trend in the airport technologies market. Automated baggage handling systems involve the use of small robotic vehicles that carry baggage from the conveyor belt, through the security system, and finally to the respective aircraft carriers. The use of this technology is expected to reduce the number of bags lost at airports. For instance, in May 2021, UK-based Stansted Airport completed a £70 million upgrade to its baggage handling system, adding 180 automated carts, 2.4 km of conveyor belts, and track to increase efficiency.

The airport technologies market covered in this report is segmented -

1) 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
2) By Airport Size: Small, Medium, Large
3) By Application: Domestic Airport, International Airport

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Major companies operating in the airport technologies market include Thales ATM S.A., Honeywell Airport Solutions Inc., Siemens Airports LLC, Raytheon Technologies Corporation, Cisco Systems Inc., Hitachi Ltd., Bosch Security Systems Inc., Rockwell Automation Inc., Analogic Corporation, Smiths Detection International Ltd., Oshkosh Corporation, MATRIX SYSTEMS Inc., DSG SYSTEMS AG, Airport Information Systems Ltd., Garrett Metal Detectors LLC, KUKA Aktiengesellschaft, Pensher Skytech Limited, Vanderlande Industries Holding B.V., Syagen Technology Inc., Arinc Inc., A4 Vision Inc., American LaFrance LLC, Amadeus IT Group S.A., International Business Machines Corporation, Indra Sistemas S.A., ISO-Gruppe GmbH, Leidos Holdings Inc., NEC Corporation, Société Internationale de Télécommunications Aéronautiques, ADB SAFEGATE Holding AG, AirIT Inc., Avinor AS, Boon Edam Inc., Damarel Systems International Ltd., Daifuku Co. Ltd., EASIER Inc., Fentress Architects Ltd., Gentrack Group Limited, Gunnebo AB

Contents of the report:
1. Executive Summary
2. Airport Technologies Market Report Structure
3. Airport Technologies Market Trends And Strategies
4. Airport Technologies Market - Macro Economic Scenario
5. Airport Technologies Market Size And Growth
…..
27. Airport Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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