Key companies profiled are Beijing Capital International Airport Co Ltd, Fraport AG Frankfurt Airport Services Worldwide, Air General Inc., dnata, Worldwide Flight Services, S.A.S. Services Group, Inc., LHR Airports Limited, Acciona, Signature Aviation plc., Tokyo International Air Terminal Corporation, among others
PUNE, India, June 4, 2020 /PRNewswire/ -- The global airport services market size is predicted to reach USD 232.88 billion by 2027, exhibiting a CAGR of 16.66% during the forecast period. The flourishing projections of the aviation industry can be a vital factor that will enable speedy growth of the market during the forecast period. Moreover, the surge in air traffic passengers will incite the progression of airport services, which in turn, will aid the expansion of the market in the forthcoming years, states Fortune Business Insights in a report, titled "Airport Services Market Size, Share & COVID-19 Impact Analysis, By Type (International, and Domestic), By Application (Aeronautical Services, Non-Aeronautical Services), By Infrastructure Type (Greenfield Airport, Brownfield Airport), and Regional Forecast, 2020-2027" the market size stood at USD 172.19 billion in 2019.
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure with the "Short-Term and Long-Term Impact of COVID-19" on airport services industry,
Global Tourism to Contribute Impetus to Airport Services
The growing necessity for low-cost airlines owing to the rise in air passengers will positively impact market growth during the forecast period. The boom in domestic flights and massive investment in airport infrastructure will promote the healthy growth of the market in the foreseeable future. For instance, Hardeep Singh Puri, civil aviation ministry announced the investment of Rs 1 lakh crore in the airport infrastructure sector in the next five years. The agenda sets for Rs 95,178 crore for creating new terminals, development of greenfield airports, and private investment in joint venture airports. The prosperous travel and tourism industry is likely to uplift the global airport services market share.
Additionally, the rising urbanization and frequent air travelers can potentially boost the market growth in the forthcoming years. Similarly, the escalation in the terminal capacity of passengers at airports will significantly create new opportunities for the market in the forthcoming years. For instance, The Airport Authority of India (AAI) has an annual terminal capacity of 155 million passengers which intends to raise to 300 million by 2026.
Rapid Development of Airport Infrastructure to Propel Market in Asia Pacific
North America generated a revenue of USD 48.73 billion in 2019 and is likely to remain dominant during the forecast period. The growth in the region is attributed to the well-established aviation industry. The rising passenger air traffic in the US and Canada will subsequently bolster the healthy growth of the market in the region. According to ICAO's preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services rose to 4.3 billion in 2018, which is 6.4 percent higher than the previous year, while the number of departures reached 37.8 million in 2018, a 3.5 percent increase.
Asia Pacific is likely to witness massive growth during the forecast period due to the perpetual development of airport infrastructure in emerging nations such as India and China. However, the COVID-19 outbreak is likely to impede economic development, simultaneously impacting the aviation industry. Europe is predicted to grow rapidly in the forthcoming years owing to the surge in student travelers and migrant workers in the region.
Browse In-depth Analysis with Table of Content with COVID-19 Coverage: https://www.fortunebusinessinsights.com/airport-services-market-102855
September 2019: PrimeFlight Aviation Services announced the acquisition of Global Aviation Services, LLC. The new development will enable PrimeFlight Aviation Services to serve customers with ground support equipment (GSE) maintenance services at more than 80 airports in the U.S.
List of the Key Companies Operating in the Airport Services Market are:
- Beijing Capital International Airport Co Ltd (China)
- Fraport AG Frankfurt Airport Services Worldwide (Germany)
- Air General Inc. (The U.S.)
- dnata (Dubai)
- Worldwide Flight Services (France)
- S.A.S. Services Group, Inc. (The U.S.)
- LHR Airports Limited (The U.K.)
- Acciona (Spain)
- Signature Aviation plc (The U.K.)
- Tokyo International Air Terminal Corporation (Japan)
- Çelebi Aviation (Turkey)
- Airports de Paris SA (France)
Get Discount on this Premium Research Report: https://www.fortunebusinessinsights.com/enquiry/check-discount/airport-services-market-102855
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Airport Services Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Market Analysis, Insights and Forecast – By Application
- Aeronautical Services
- Aircraft Ground Handling Services
- Aircraft Maintenance Services
- Passenger Service
- Non-Aeronautical Services
- Baggage Handling Services
- Car Rental Service
- Car Parking Service
- Food and Beverages Service
- Retail Service
- Market Analysis, Insights and Forecast – By Infrastructure Type
- Greenfield Airport
- Brownfield Airport
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Rest of the world
Order a Complete Research Report: https://www.fortunebusinessinsights.com/checkout-page/102855
Have a Look at Related Research Insights:
Airport Security Market Size, Share and Industry Analysis, by Security Type (Access Control, Cyber security, Perimeter Security, Screening, Surveillance, and Others), By System (Metal Detectors, Fiber Optic Perimeter Intrusion, Backscatter X-Ray Systems, Cabin Baggage Screening Systems, and Others), By Airport Model (Airport 2.0, Airport 3.0, and Airport 4.0), By Airport Class (Class A, Class B, and Class C), and Regional Forecast,2020- 2027
Smart Airport Market Size, Share & Industry Analysis, By Platform (Hardware Systems, Data Management, Software Systems, and Others), Airport Model (Airport 2.0, Airport 3.0, and Airport 4.0), Airport Size (Small, Medium, and Large), Application (Airside, Landside, Terminal Side), Airport Operation (Aeronautical and Non-aeronautical), and Regional Forecasts, 2020- 2027
Inertial Navigation System Market Size, Share and Industry Analysis, by Component (Accelerometers, Gyroscopes, and Others), By Technology (Ring Laser Gyro, Mechanical Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Maritime, and Space), By End User (Commercial, and Defense), and Regional Forecast, 2020 – 2027
Security Solutions Market Size, Share and Industry Analysis, By Type [(Product: Fire Protection, Video Surveillance, Access Control, Entrance Control, Intruder Alarms, Thermal Cameras) and Services: Security Systems Integration, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services], By End-User (Commercial, Residential, Industrial, Government), and Regional Forecast, 2019- 2026
Aviation MRO Software Market Size, Share and COVID-19 Impact Analysis, By Solution [Software (ERP Solution, Point Solution,) and Service (Deployment & Integration, Consulting], By Function [Maintenance Management (Line, Base, Engine), Operation Management (Training Safety & Quality Assurance), Business Management (Accounts, Finance, HR)], By Point of Sale (Subscription, Ownership), By Deployment Type, By End-Use and Regional Forecast, 2020-2027
Homeland Security and Emergency Management Market Size, Share and Industry Analysis, By System (Modeling And Simulation, Communication System, Rescue And Recovery Systems, Intelligence And Surveillance System, Detection And Monitoring System, Weapon System,), By End Use (Cyber Security, CBRNE Security, Aviation Security, Maritime Security, Law Enforcement and Intelligence Gathering, Critical Infrastructure Security), and Regional Forecast, 2020- 2027
Business Jet Market Size, Share & Industry Analysis, By Aircraft Type (Light, Mid-sized, Large, and Airliner), Point of Sale (OEMs, and Aftermarket), Systems (Aerostructures, Avionics, Propulsion Systems, Aircraft Systems, Cabin Interiors, Landing Gears and others), By End User (Private and Operator), and Regional Forecast 2019-2026
Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/airport-services-market-9987
SOURCE Fortune Business Insights