Market Share of Airport Terminal Operations Industry
The airport terminal operations market is fragmented, and the businesses are aligning their products and services to either be the best at one type of product or to become a full-service manufacturer and provider of security and detection products. Some major players in the airport passenger screening systems market are SITA, BEUMER Group GmbH & Co. K.G., ADELTE GROUP S.L., Smiths Group, and thyssenkrupp AG are some of the prominent players in the market studied.
These companies have expanded their presence in various regions through partnerships with airport authorities and airlines. For instance, in December 2022, TSA launched a high-tech baggage handling system at Denver International Airport. The Checked Baggage Inspection System (CBIS) features a complicated network of conveyor belts that sort and track the luggage through the security screening process at a potential cost of USD 160 million. As the market demand improves with the growth in passenger traffic, it is expected that the smaller players are expected to gain a competitive advantage to cater to customers’ needs.
Airport Terminal Operations Market Leaders
SITA
Smiths Group
BEUMER Group GmbH & Co. KG
ADELTE GROUP S.L.
thyssenkrupp AG
*Disclaimer: Major Players sorted in no particular order
