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The global airport terminal operations market is estimated to grow at a CAGR of 4.50% in the forecast period of 2024-2032.
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Based on operation type, the increasing investments to make baggage screening operations more effective are supporting the growth of the segment. There has been a growing necessity to improve passenger satisfaction, prevent airline delays, and reduce additional costs through smooth baggage screening. There is a rising inclination towards receiving baggage information through mobile applications, which is leading to enhanced customer satisfaction, unlike traditional voice announcements or flight information screens. The modernisation of the baggage handling systems is resulting in the use of minimum systems and increasing compliance with safety standards. For instance, the rising adoption of ICS technology over conventional systems is resulting in cost-effective and energy-efficient operations, faster baggage transportation, lower system jams, and enhanced security screening in accordance with government regulations. The initiatives taken by the market players in developing advanced baggage screening systems that meet passenger expectations are likely to aid the market growth over the forecast period.
The airport terminal is a building at an airport where passengers board and disembark from an aircraft. The airport terminal operations refer to the processes that aim to ensure a seamless travel experience for the passengers and maintain parking facilities and vehicular traffic circular drives.
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The market for airport terminal operations, by operation type, is divided into:
The regional markets for airport terminal operations can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The construction of new airports and the renovation of the older ones are contributing to the growing need for airport terminal operations to provide a seamless passenger experience. The increasing passenger traffic owing to rising globalisation, tourism, and cultural exchanges are accelerating the market development of airport terminal operations. The expanding use of smart technologies such as digital cameras offers multiple advantages, such as they help monitor passenger queues at check-in, security checkpoints, and parking areas. The growing concerns over safety and security are leading to the setting up of advanced passenger screening systems and the utilisation of Track & Trace technologies to track the checked-in luggage throughout the journey. The initiatives taken by restaurateurs to set up their businesses in airports are bolstering the market for airport terminal operations.
The government initiatives towards developing smart airports and new air routes to increase the revenue are expected to accelerate the market development in the coming years. Moreover, the growing technological advancements and research activities in artificial intelligence, CT walkaways, check-in kiosks, automated self-service gates, and robots, among others, are expected to bolster the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global airport terminal operations market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Operation Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global airport terminal operations market is assessed to grow at a CAGR of 4.50% between 2024 and 2032.
The major drivers guiding the growth of the market include the development of airports worldwide, concerns over safety, development of energy-efficient operations, rising tourism and cultural exchanges, rising need to offer seamless travel experience, and expanding use of smart technologies.
The key trends guiding the growth of the market include the increasing passenger traffic, favourable government initiatives, and rapid technological advancements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different operation types of airport terminal operations include terminal infrastructure maintenance and upgrade, passenger screening, catering and QSR, smart technologies, baggage screening, and aircraft MRO.
The major players in the market are Smiths Group plc, Honeywell International Inc., C.E.I.A. S.p.A., Agilent Technologies Inc., SITA, and TAV Technologies, among others.
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