COVID-19 Impact on Airport Operations Market worth $14.5 billion by 2025 - PowerPoint PPT Presentation

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COVID-19 Impact on Airport Operations Market worth $14.5 billion by 2025

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COVID-19 Impact on Airport Operations Market categorizes the Global market by Technology (Passenger Screening, Baggage Scanners, Smart Tag & RFID) and Region. – PowerPoint PPT presentation

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Title: COVID-19 Impact on Airport Operations Market worth $14.5 billion by 2025


1
Post COVID-19, the "COVID-19 Impact on Airport
Operations Market by Technology
(Passenger Baggage
Screening, 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. Download PDF Brochure _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id172662604 Pa
ssenger 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. 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
2
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 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 are some
of the leading players operating in the airport
operations market. These players have adopted
growth strategies such as new product
developments, contracts, partnerships,
agreements, collaborations, and acquisitions to
expand their presence in the market further. Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id172662604 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
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to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
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platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
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markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
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