The global COVID-19 impact on airport operations market accounted for US$ 8.9 billion in 2020 and is estimated to be US$ 23.1 billion by 2029 and is anticipated to register a CAGR of 11.2%

Operational technologies at airports have enhanced customer service, reduced operational costs, and raised revenues of airlines as well as airports. Airports with such technologies are capable to cope with the COVID-19 crises better.

The report "Global COVID-19 Impact on Airport Operations Market, By Technology (Baggage Scanners, Passenger Screening, E-gate & E-Kiosk, Smart Tag & Kiosk, Cybersecurity Solutions, Ground Support Equipment, and 5G Infrastructure) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In June 2020, FLIR Systems, Inc. announced that it has installed its EST screening system at the Pentagon Visitor Center in Washington, D.C. The company’s integrated EST screening solution, the A700 EST-IS, features the FLIR A700 thermal imaging camera. The system is being used to screen visitors for elevated or higher than expected skin temperatures, which can help guard against the spread of COVID-19.
In March 2020, Honeywell announced that it will upgrade airfield lighting control and monitoring systems at Incheon International Airport (ICN) as the fourth phase of an ongoing improvement project. The upgrades will help enhance passenger service and streamline airport operations, while simultaneously enabling safer, faster travel. The work is underway and expected to be completed by October 2022.
Analyst View:

Increasing demand for smart passenger screening

Growing demand for smart passenger screening and management systems across the world is a major factor that is driving the growth of the airport operation market. The outbreak of the COVID-19 crisis has created a demand for facial recognition solutions that will have no need for human interference. Also, fingerprint scanners are estimated to be phased out. Furthermore, due to the COVID-19 pandemic, various airports across countries have ordered infrared scanners and thermal scanners for passenger screening. For example, the demand for thermal imaging cameras that can detect fevers from a distance has driven as nation’s ramp up surveillance and quarantine measures.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global COVID-19 Impact on Airport Operations Market”, By Technology (Baggage Scanners, Passenger Screening, E-gate & E-Kiosk, Smart Tag & Kiosk, Cybersecurity Solutions, Ground Support Equipment, and 5G Infrastructure) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global COVID-19 impact on airport operations market accounted for US$ 8.9 billion in 2020 and is estimated to be US$ 23.1 billion by 2029 and is anticipated to register a CAGR of 11.2%. The market report has been segmented on the basis of technology and region.

By technology, the passenger screening segment is projected to account for a significant share in the airport operation market in 2020. The passenger screening segment is anticipated to grow at a slow pace from Q2 2020 to Q1 2021. It is likely to expand from Q2 2020, post-COVID-19, owing to the growth in the adoption of thermal scanners at airports.
By region, the Asia Pacific region accounts for the highest market share in the aircraft operation technologies industry. The ACI World Airport Traffic Forecasts 2019–2040 estimated US$ 12.4 billion in revenue for the first quarter of 2020 in the Asia Pacific region under normal conditions. The impact of COVID-19 is expected to result to a revenue loss of US$ 3 billion.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-COVID-19-Impact-on-Airport-Operations-Market-4362

Competitive Landscape:

The prominent player operating in the global COVID-19 impact on airport operations market includes FLIR Systems, Collins Aerospace, Honeywell, SITA, Fluke Corporation, Siemens, Thales Group, Daifuku Co., Ltd., and Amadeus IT Group.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
To know more

Contact Us:
Sales
Prophecy Market Insights
Email- [email protected]
[email protected]