Market Size of Airport Terminal Operations Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.96 Billion |
| Market Size (2029) | USD 12.79 Billion |
| CAGR (2024 - 2029) | 9.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Airport Terminal Operations Market Analysis
The Airport Terminal Operations Market size is estimated at USD 7.96 billion in 2024, and is expected to reach USD 12.79 billion by 2029, growing at a CAGR of 9.95% during the forecast period (2024-2029).
The market is driven by the need for managing passengers, aircraft, and baggage on time at airports, the construction of new airports or terminals, and the increase in air passenger traffic. However, operational accidents and missing/loss of baggage remain concerns for the market.
The substantial rise in passenger traffic and increasing demand for air travel have led to a significant increase in the demand for efficient airport operations, which soars the procurement of new-generation equipment integrated with the Internet of Things (IoT), GPS, and sensors over the last decade. Airport equipment manufacturers are developing new models integrated with smart airport technologies. As a result, the emphasis on new technologies, like sensor-based products, connectivity, and IoT platforms, is increasing. Thus, these sorts of advancements will be fueling the growth of the market. However, high upgrade costs would hamper the growth of the market.
