The Impact of COVID-19 on Airport Operations Market - Exclusive Report by MarketsandMarkets™

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Post COVID-19, the "COVID-19 Impact on Airport
Operations Market by Technology (Passenger
Screening, Baggage Scanners, Smart Tag RFID,
E-gate E-Kiosk, 5G infrastructure,
Cybersecurity Solutions and Ground Support
Equipment) and Region - Global Forecast to 2025",
is estimated to grow from USD 8.5 billion in
2020 and projected to reach USD 14.5 billion by
2025, at a CAGR of 11.0. The projection for
2025 is estimated to be lower than pre-COVID-19
estimates. The rise in demand for air
cargo activity is resulting in airline
operators converting their
passenger aircraft into cargo aircraft with an
aim to get new revenue sources and ensure
company sustainability. This is expected to help
airport operators generate revenue from
aeronautical charges, leading to an increase 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 globe. Request
for PDF Brochure https//www.marketsandmarkets.c
om/pdfdownloadNew.asp?id172662604 "Passenger
screening to hold a significant market share in
2020." The passenger screening segment is
expected to hold a significant share in the
airport operation market in 2020. The passenger
screening segment is expected to grow at a slow
pace from Q2 2020 to Q1 2021. It is likely to
increase from Q2 2020, post- COVID-19, due to a
rise in the adoption of thermal scanners at
airports. Thermal imaging equipment manufacturers
are witnessing a spike in demand for scanners
from airports, railway stations, and public areas
looking for fever screening systems. This demand
can be attributed to the effectiveness of thermal
scanner devices during the SARS and H1N1 crises.
Not only airports but also airlines are
procuring thermal imaging scanners to screen
their passenger, pilots, and staff. Browse
in-depth TOC on "COVID-19 Impact on Airport
Operations Market" 27 Tables 30 Figures 85
Pages Request more details on https//www.markets
andmarkets.com/Enquiry_Before_BuyingNew.asp?id172
662 604
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"Asia Pacific to hold a largest share in the
global airport operation market during the
forecast period." The Asia Pacific region holds a
largest market share in the aircraft operation
technologies industry. The ACI World Airport
Traffic Forecasts 20192040 predicts USD 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 projected
to lead to a revenue loss of USD 3 billion. The
shortfall in the number of passengers and the
cancellation of flights have led to reduced
revenues from airport charges such as landing
parking charges paid by airlines and passenger
service security charges paid by passengers.
While aeronautical revenues are drying up, the
cost base for airport operations remains
unchanged as airports can neither close nor
relocate their terminals during the
outbreak. Key Market Players The major players in
the airport operations market are FLIR Systems
(US), Honeywell (US), SITA (Switzerland),
Collins Aerospace (US), Siemens AG (Germany),
Fluke Corporation (US), Thales Group (France)
Daifuku Co., Ltd. (Japan), Amadeus IT Group
(Spain), among others. These players have adopted
various growth strategies such as contracts,
acquisitions, expansions, new product launches,
and partnerships agreements to expand their
presence in the airport operations market
further. About MarketsandMarkets MarketsandMark
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