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Advanced Airport Technologies: Global Markets to 2022


NEW YORK, Nov. 28, 2017 /PRNewswire/ --

? The global market for advanced airport technologies totaled $20.3 billion in 2016. The market should total nearly $21.3 billion in 2017 and $27.2 billion in 2022, registering a compound annual growth rate (CAGR) of 5.1% from 2017 to 2022.



Read the full report: https://www.reportlinker.com/p05222519


? Communications systems as a segment should total $4.7 billion in 2017 and $5.9 billion by 2022 at a five-year CAGR of 4.7% from 2017 to 2022.
? The market for passenger/baggage/cargo handling and control as a segment should total $8.4 billion by 2017 and nearly $10.7 billion by 2022 with a CAGR of 4.8% from 2017-2022.

Chapter 1: Introduction
Airports are the backbone of the worldwide commercial air transportation system. The rapid growth of this sector creates a continuing need to expand airports and provide high quality services. At the same time, technological, regulatory, security and economic trends are placing new demands on airports.

A major example of the technological developments that are forcing airports to develop new technologies is the introduction of new super-jumbo aircraft such as the Airbus 380. The A380, which can carry up to 850 passengers in some configurations, requires many airports to upgrade their baggage handling systems and other ground infrastructure.

Regulatory developments often are tied to technological developments. For example, regulatory authorities, such as the Federal Aviation Administration (FAA), are working toward the implementation of Global Positioning System (GPS)-based approach and landing control systems such as GBAS (GroundBased Augmentation System). The FAA has already provided System Design Approval for GBAS capable of providing CAT-I precision approach operations, and is in the process of validating GBAS standards to support CAT-III precision approach operations.

Airport security has been a major concern for decades due to the vulnerability of commercial aircraft to hijacking. The first recorded aircraft hijacking was in the early 1930s, but there was a large increase in the number of hijacked aircraft in the late 1960s, initially to Cuba but later to the Middle East. Since then, the number of hijackings has decreased, but the horrific events of September 11, 2001, placed airport security in the limelight again.

The result has been a worldwide effort to develop and deploy technologies to prevent terrorists from gaining access to aircraft. The effort to secure the world's civilian air fleet has become a race, with terrorists finding new ways to circumvent the security measures that have been put in place, as in the case of the "underwear bomber" who nearly succeeded in bombing Northwest Flight 253 on Christmas Day 2009.

On the economic front, the privatization of many formerly government-run airports around the world has created a growing class of airport operators with the financial means and the incentives to invest in modernizing their facilities and infrastructure. The modernization of facilities and systems can help these private airport operators improve their bottom line by cutting costs and increasing traffic and revenues.

The net result of these trends is that over the next 20 years, airport operators are expected to spend hundreds of billions of dollars on new airport construction, expansion, and modernization.

Study Goals and Objectives
The overall goal of this report is to comprehensively describe and quantify the worldwide market for advanced airport technologies such as air traffic management and control, communications, and landing aids. (See below for a more complete listing of the technologies covered in this report.)

Other reports on the market tend to focus on one technology (e.g., airport security) and/or a single country or geographic area. However, many market players sell in worldwide markets and supply more than one type of airport-related technology. Thus, an up-to-date report that enables them to look at global markets and make strategic decisions based on a comparison of individual product segments would seem to offer obvious value.

Reasons for Doing This Study
This report is an update of a BCC Research report that was published in 2014.The market for advanced airport technologies, and the technologies themselves, have continued to develop in the three years since the previous edition was published.
Suppliers of advanced airport technologies need to understand these trends in order to manage their enterprise and resources effectively. Users of these technologies also need to understand the implications of these changes in order to select the most cost-effective option among available products and technologies prior to committing significant capital resources.

Scope of Report

The report covers the worldwide market for these electronic, electro-optical and other modern technologies used in airports:
? Air/ground traffic management and control systems.
? Landing aids, guidance and lighting.
? Airport communications.
? Digital information display solutions.
? Airport management software.
? Security, fire protection and emergency services.
? Passenger and baggage handling and control.
? Car parking systems.

This report covers only technologies and equipment that are based at the airport or nearby. The emphasis is on civil aviation; the military market is not covered in detail.

Information Sources
Both primary and secondary research methodologies were used in preparing this report. All findings and conclusions are based on information gathered from industry sources, including airports, airlines, engineering and consulting firms, and technology suppliers. Interview data were combined with information gathered through an extensive review of secondary sources, such as trade publications, trade associations, company literature and online databases, to produce the projections contained in this report.

Methodology
With 2016 as a baseline, market projections were developed for 2017 to 2022. These projections are based on a combination of a consensus among the primary contacts, combined with our understanding of the key market drivers and their impact from a historical and analytical perspective.

Methodologies and assumptions used to develop the market projections in this report are discussed under the various types of airport technologies addressed. This report carefully documents data sources and assumptions. In this way, readers can see how the market estimates were developed and, if they so desire, test the impact on the final numbers of changing assumptions such as price.

Geographic Breakdown

The report encompasses the following geographical markets:
? United States and other North America.
? Latin America/Caribbean.
? Europe.
? Asia-Pacific.
? Africa.

Advanced Airport Technologies, by Type
Comunications
Security, Fire and Emergency
Passenger, Baggage, Cargo Control
Air/Ground Traffic Management and Control
Other Technologies


Chapter 2: Summary and Highlights
This report covers the worldwide market for electronic, electro-optical, and other modern technologies used in airports, principally air/ground traffic control, communications, digital signage, airport management software, security/fire protection/emergency response systems, passenger/baggage/cargo systems, and car parking control systems. BCC Research estimates the global market for these technologies to have been more than $20.3 billion in 2016. BCC Research expects the market to exceed $21.3 billion in 2017 and approach $27.3 billion in 2022, a CAGR of 5.1% over the next five years.

Readers of the previous (2014) edition of this report will note that this edition's market estimates are significantly higher than the estimates in the 2014 edition, particularly in the passenger, baggage and cargo handling and control segment and the communications segment. Industry sources, on whose estimates BCC Research based its own market estimates and projections, differ widely regarding the size of these segments. BCC Research settled on a figure near the lower end of the range of industry estimates in 2014, but based on the data which are presently available, now believes that its earlier estimates were too conservative.

Passenger, baggage and cargo handling systems made up the largest segment of the market in 2016, with a 39.6% share. Other major market segments in 2016 included communications systems (22.1%) security, fire protection and emergency services (10.3%), and air/ground traffic control (8.4%).

Digital signage systems is the fastest growing segment, with a CAGR of 10% over the next five years, increasing its market share from 6.6% in 2016 to a projected 8.8% in 2022. The security, fire protection, and emergency services segment is also growing faster than the market as a whole (i.e., at a CAGR of 8.2%), and consequently is expected to increase its market share from 10.3% in 2016 to 11.7% in 2022. Other segments are expected to lose market share from 2016 to 2022.

Read the full report: https://www.reportlinker.com/p05222519

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