Airport Services Market Share, Size, Trends, Industry Analysis Report, By Type (International and Domestic); By Infrastructure; By Application; By Region; Segment Forecast, 2023 - 2032
- Published Date:Mar-2023
- Pages: 116
- Format: PDF
- Report ID: PM3052
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global airport services market was valued at USD 104.07 billion in 2022 and is expected to grow at a CAGR of 17.3% during the forecast period. The rapid growth of air traffic services had led to the expansion of the airport service industry. In addition, the growing population coupled with high investment in the airport services industry, and an increase in the tourism market fueled the market growth during the forecast period.
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Airport services offer commercial and cargo airport services. It also offers district airline services which include security, transit facility, landing charges, terminal navigations, parking, housing charges, terminal navigation charges, route navigations, and others. In addition, it also offers passenger handling and ground handling, cargo handling, baggage handling, rental services, Wi-Fi services, baggage storage services, and others.
The outbreak of the COVID-19 pandemic had significantly impacted the growth of the airport services market. The shutdown of various manufacturing units and the imposition of strict lockdown has hampered the growth of the airport services market.
In addition, the decrease in sales and drop in demand for the passenger air transport industry during the pandemic disturbed market revenue. For instance, in a report published by IFC, the airport closures led to a 22.9% drop in global air traffic in 2019. This situation has temporarily hampered the demand and supply chain of the airport services market. In addition, concern about economic development from several countries, evolving, and recovering markets during 2022 are expected to drive the market post-COVID-19.
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Industry Dynamics
Growth Drivers
Key factors such as the adoption of AI and IoT technologies have boosted the airport services market. In addition, the increase in the population, growing air travel industry, and air infrastructure development in the airport have enhanced the airport services market. This factor is likely to drive the market for airport services during the forecast period.
Moreover, attracting consumers and making feasible airport services has escalated the market demand. Several key manufacturers have increased their production capacities for airport services. For instance, Adani Group has launched a digital platform for airport services through which consumers can book tickets, track the locations, access lounge, and many other services which in turn has enhanced the airport services industry.
Report Segmentation
The market is primarily segmented based on type, infrastructure, application, and region.
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By Type |
By Infrastructure |
By Application |
By Region |
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In 2022 domestic type segment is projected to collect the largest revenue share
The economy and demographic growth are the major key market trend for enhancing the domestic air travel industry. India airport services are growing at a rapid pace this is due to the rapid growth of the middle-class population and the growing high demand for commercial air travel, Indian airlines have placed large orders for aircraft. These supporting factors are strengthening the potential sale of domestic airport services in the coming years. Moreover, an increase in domestic air passengers and development in business, tourism, and other sectors have driven segment growth.
Furthermore, data published by B.A.G Convergence, in September 2022, that domestic airlines carried 770.7 lakh passengers from January to August 2022, an increase of 67.38% from the previous year. This growth may be projected to foster market growth during the forecast period. International airport services are likely to hold the second-largest market share over the forecast period. High technology, an increase in international tourism, rising economic liberalization, and a growing craze for abroad tours have boosted the market.
In 2022 greenfield infrastructure segment accounted for the largest market share
Greenfield infrastructure includes the design, installation, and configuration of computer infrastructure where none existed before. The airport industry is expected to play a major role in enhancing connectivity and will also contribute to the growth of trade and tourism in the region. In addition, developed and developing economies such as the U.S., China, India, and others have opted for Greenfield airport services.
According to an article revealed by Airport Technology in December 2022, a new green-field airport in the Indian state, Goa. This greenfield airport service includes a sustainable infrastructure plan, an innovative solar power plant, green buildings, rainwater harvesting, and recycling facilities. This may act as one of the key drivers responsible for the growth of the greenfield-based airport service market.
Brownfield infrastructure type has a positive impact on the market. This type includes remodels and updated infrastructure in existing facilities. It is more cost-effective than greenfield infrastructure due to which several airport operators opt for this type of service. This factor is expected to fuel the market during the forecast period.
Aeronautical application segment is expected to dominate the industry over the forecast period
Aeronautical services comprise airport maintenance services, aircraft ground handling services, passenger services, and among others. Aircraft maintenance services include maintenance activity required to ensure continuous airworthiness of the part of the aircraft, which includes, inspections, repair replacements, disclosure changes, compliance with airworthiness directives, and repair.
In addition, the expansion of airport services in developing economies such as the U.S., China, India, and others has a positive impact on the aeronautic services segment. In addition, to increasing demand for maintenance services, aircraft ground handling services include lavatory cleaning and replenishment, ramp service, parking service, and others.
Passenger services include transit service, baggage carrying, passenger maintenance, and others. This factor will offer new opportunities for airport services. Furthermore, data published by Air Transport Action Group the aeronautical industry is expected to grow significantly in the coming decades. By 2038, the global air transport industry is expected to give 143 million jobs and contribute USD 6.3 trillion to the global economy. This factor is anticipated to create new business growth for airport services.
The demand in Europe is expected to witness significant growth
European region tends to show considerable growth due to the strong existence of top airport services such as Munich International Airport, Zurich Kloten International Airport, Switzerland, London Heathrow Airport, Frankfurt Airport, and others are consistently adding value by offering luxurious and desirable airport services.
Furthermore, several key manufacturers such as Frankfurt, LHR, and others are constantly engaged in product launches, partnerships, business expansion, agreements, and other strategic key development which in turn led to a rise in the potential sales of the market.
Asia-Pacific has shown significant growth during the forecast period owing to government support in the airport industry, high investment in R&D activities, and an increase in the import and export trade that has spurred the market.
Growing population coupled with a rise in disposable income among people, a growing air tourism industry, and consumer demand for luxurious, desirable, and comfortable airport services has enhanced the performance of domestic, international, and greenfield infrastructure airport services. These factors will have a positive impact on import and export services during the forecast period.
Competitive Insight
Some of the major players operating in the global market include Acciona, S.A., Adani Group, Celebi Aviation, Air General., Beijing Capital International Airport, Emirates Group, Indigo, Fraport, LHR Airports Limited, Signature Aviation, S.A.S. Services, and WFS Global.
Recent Developments
- In December 2022, Adani Group launched a consumer app for airport services. This app will help the consumer to book tickets, flight status, lounge access, duty-free products, & avail parking facilities. This strategic product launch is projected to enhance the market in Europe.
- In October 2022, Delta launched electric aircraft services for the home to airport services. This builds electric vertical take-off & landing (eVTOL) aircraft, to offer home-to-airport transportation. This strategic product launch is projected to strengthen the potential sales of the airport services market in the USA.
- In November 2022, IndiGo launched commercial flights from the newly constructed Donyi Polo Airport, Arunachal Pradesh's first civil airport. This strategic product launch is anticipated to boost the company’s potential sales of airport services.
Airport Services Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 121.61 billion |
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Revenue forecast in 2032 |
USD 509.70 billion |
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CAGR |
17.3% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments Covered |
By Type, By Infrastructure, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Acciona, S.A., Adani Group, Celebi Aviation, Air General Inc., Beijing Capital International Airport Co Ltd, Emirates Group, Indigo, Fraport AG, LHR Airports Limited, Acciona, Signature aviation Plc, S.A.S. Services Group, WFS Global S.A.S. |
FAQ's
Key companies in airport services market are Acciona, S.A., Adani Group, Celebi Aviation, Air General., Beijing Capital International Airport, Emirates Group, Indigo, Fraport, LHR Airports Limited.
The global airport services market expected to grow at a CAGR of 17.3% during the forecast period.
The airport services market report covering key segments are type, infrastructure, application, and region.
Key driving factors in airport services market are adoption of AI and IoT technologies and growing population coupled with high investment in the airport services industry.
The global airport services market size is expected to reach USD 509.70 billion by 2032.
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