Market Size of Advanced Airport Technologies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Advanced Airport Technologies Market Analysis
The advanced airport technologies market is expected to register a CAGR of over 4% during the forecast period.
- The COVID-19 outbreak preceded one of the major challenges to the sustainability of the air travel industry at the worldwide level. Despite the decrease in revenues of airport operators due to the impact of the pandemic, the authorities continued to invent advanced airport technologies. With passenger traffic projected to witness a gradual recovery, airport operators were expected to increase their investments in airport technologies in the coming years.
- Airports are now recognizing the need to move toward more efficient and less intrusive security to help them reduce the high cost of security implementation and to provide a hassle-free experience to travelers.
- The rise in the number of passengers has caused problems for the airports in dealing with the arising passenger problems. Service disruptions, long check-in lines, and baggage issues are the three main areas of passenger discomfort. To tackle these challenges and improve the experience of the customer, airports worldwide have adopted newer technologies, such as self-check-in kiosks and face recognition systems, that are helping the airports revolutionize the check-in process.
- The privatization of airports has helped the market, as airport operators are providing world-class facilities and systems to gain a competitive advantage over others.
