The COVID-19 Impact on Airport Operations Market is expected to grow from USD 9.01 billion in 2019 to USD 17.46 billion by 2026 at a CAGR of 11.66% from 2020 to 2026.
The rise in demand for passenger screening and management systems at airports is projected to improve the development of the market during the estimated period. But the decrease in air passenger traffic across the world is limiting the overall development of the market. Growing demand for the thermal scanners and biometric solutions at airports worldwide is anticipated to drive the market growth in a COVID crisis. The increase in demand for air cargo activity is resulting in airline operators converting their passenger aircraft into cargo aircraft with a goal to change to new revenue sources and ensure company sustainability. This is projected to support airport operators generate revenue from aeronautical charges, leading to a rise in cash liquidity. A major factor that is driving the growth of the airport operation market is the increasing demand for smart passenger screening and management systems across the world.
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The global COVID-19 Impact on Airport Operations market has been segmented as below:
By Technology
Cybersecurity Solutions
Ground Support Equipment
5G Infrastructure
Smart Tag & Kiosk
Baggage Scanners
Passenger Screening
E-gate & E-Kiosk
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Siemens AG, Fluke Corporation, Thales Group, Daifuku Co.Ltd, Amadeus IT Group, FLIR Systems, Honeywell, SITA, Collins Aerospace, Others, and others are among the major players in the global market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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