Airport Infrastructure Services Market may Register an Impressive Growth Through 2027

The rapidly growing modernization of old airports and the construction of new airport terminals is expected to drive the global airport infrastructure services market in the coming years.

 

According to TechSci report on, “Airport Infrastructure Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The growth of the global airport infrastructure services market can be attributed to the inflating per capita income of the consumers, along with their elevating living standards. Furthermore, the upliftment of a ban on international flights due to covid is helping the market grow and expand. Moreover, the increasing availability of low-cost airline operator who provides air tickets at a lower price than the other airlines has resulted in an increased number of passengers. The increased number of passengers calls out for efficient ground service facilities such as quick check-in, baggage handling, airport security, and so on. To deal with this, several market leaders are integrating smart airport technologies to manage the crowd and flights efficiently. For instance, the deployment of artificial intelligence (AI) in several airport services, such as security, check-ins, airport traffic services, cargo services, etc., is increasing the efficiency, safety, and productivity of companies operating in the aerospace sector. Besides this, the rising government initiatives and financial incentives to revamp the old airports and construct new airports and terminals. For instance, the federal government has granted USD 20 million for constructing a new terminal at Pittsburgh International Airport. This terminal will have a 700,0000-square-foot landside terminal, which will include a new passenger security screening checkpoint, customs area, cafeterias, and other additional support functions. Initiatives like these are positively impacting the market growth.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "GLOBAL AIRPORT INFRASTRUCTURE SERVICES MARKET"

The Global airport infrastructure services market is segmented by application, type, service type, catering services, competitive landscape, and regional distribution. Based on application, the market is differentiated between aeronautical and non-aeronautical. Among these, the aeronautical services segment is estimated to hold a significant market share. These services include aircraft maintenance services, passenger services, and flight tickets. These services are more profit-making services. The aircraft maintenance services segment is witnessing robust growth due to increasing demand for MRO (maintenance, repair, and operation) and line maintenance services across the world.

By type, the market is bifurcated into International Ports and Domestic Ports. The domestic port segment is projected to hold a considerable market share in the coming years. This this primarily due to the increasing passenger traffic in the domestic airlines amid pandemic demand in domestic flights is also increasing due to number of factors such as increased development in businesses and rising number of jobs in metropolitan cities, growing tourism and inflating disposable income of the consumers. However, the international ports are anticipated to be the fastest-growing segment post-pandemic as the worldwide restrictions have been lifted.

Based on the service type the market is segmented into air traffic services, ground facilities, cargo facilities, airport security, and others. The air traffic type is further segmented into area control service, flight information services, air traffic advisory services, alarm services, and others. The ground facilities are divided among ticketing, check-in, baggage handling, lobby management, aircraft boarding, toilet and water servicing, and others. The cargo facilities are further segmented into cargo terminals management, automatic storage and retrieval systems, cargo transport, and others. The airport security is bifurcated between baggage x-rays, metal detecting scans, elevated-risk screening, and others.

On the basis of catering services, the global market is segmented between lounges offering, canteen services, and others. Among these, the canteen services have led the market in the past and is expected to lead the market in the coming years. Canteen services are affordable and easily accessible as compared to the lounge services at an affordable price to the travelers. However, the lounge services offer some complementary services such as free food, Wi-Fi, fully stocked bars but to avail such services the traveler must hold some specific cards of well renowned banks. 

A list of major market players of the global airport infrastructure services market includes:

• BBA Aviation Plc
• Dubai National Air Transport Association
• Menzies Aviation Plc
• SATS Ltd.
• Swissport International AG
• LHR Airports Limited
• Acciona
• Signature Aviation plc
• Tokyo International Air Terminal Corporation
• Çelebi Aviation

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“The North America Region is expected to hold the largest market share in the coming years. This is primarily due to the inflating disposable income of the consumers and the presence of leading players such as American Airlines. Also, the modernization and transformation of the existing airports in North America is acting as another growth-inducing factor for the segment. However, the Aisa Pacific region is anticipated to be the biggest emerging region in the global market owing to the exponentially rising population in the region, an increase in the number of working people migrating to metropolitan cities for job purposes, and several initiatives by the government to support the airline service sector. For instance, the Indian government has signed bilateral air service agreements with 116 countries and is permitting foreign carriers to serve India by adding more flights to the country’s metropolitan cities, which will make international flights a little cheaper. This will proliferate the number of people opting for air travel and airport services, which will eventually provide a thrust to the airport infrastructure services market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

“Airport Infrastructure Services Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Application (Aeronautical & Non-Aeronautical), By Type (International Ports, Domestic Ports), By Service Type (Air Traffic Services, Ground Facilities, Cargo Facilities, Airport Security, Others), By region, Competitive Analysis” has evaluated the future growth potential of Global airport infrastructure services market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global airport infrastructure services market.

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