Airport Operation Market to Reach $565.88 Billion by 2034, Expanding at 7.7% CAGR

Fact.MR in its newly published report mentioned that the global airport operation market is analyzed to touch a value of US$ 270.26 billion in 2024 and is further forecasted to reach a size of US$ 565.88 billion by the end of 2034. Demand is approximated to increase at a CAGR of 7.7% from 2024 to 2034.

The implementation of biometric technology, automated check-ins, and artificial intelligence (AI) is improving airport operations through enhanced usability and efficiency. While automated check-ins enable customers to complete tasks such as boarding card retrieval and luggage drop-off with minimal human intervention, reducing wait times, AI-powered solutions are also helping to optimize flight schedules and manage crowd movement.

By speeding up identity verification and ensuring compliance with safety regulations, biometric solutions such as facial recognition are improving security. These technologies are helping save airport operating costs and enhancing overall efficiency, security, and customer experience.

The North American region is leading because of its highly developed infrastructure and large passenger volumes, particularly in the United States. Due to rising investments in airport infrastructure, such as the building of new airports and the expansion of existing facilities to meet rising demand, the market in East Asia is expanding at a notable growth rate.

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Key Takeaways from Market Study

• The worldwide market for airport operations is projected to touch a valuation of US$ 565.88 billion by 2034-end.
• Turnover of the North American region is analyzed at US$ 90.15 billion in 2024.
• The market in South Korea is evaluated to expand at a CAGR of 7.1% through 2034.
• By 2034, the market in China is forecasted to reach a size of US$ 33.71 billion.
• Based on product and service, the aeronautical service: passengers segment is analyzed to generate revenue worth US$ 228.25 billion by 2034.
• The market in East Asia is approximated to reach US$ 76.22 billion by the end of 2034.
• Revenue from passenger airlines is forecasted to reach US$ 290.43 billion by 2034.

“To optimize passenger experiences and streamline operations, prominent players in the market are increasing their investments in advanced technologies including automation, biometrics, and artificial intelligence (AI),” says a Fact.MR analyst

Passenger Airlines Segment Holds Leading Position

Passenger airlines play a vital role in facilitating air travel and generating substantial revenue for airports, making them an integral aspect of airport operations. This section covers a wide range of activities that are crucial to the overall airport experience such as ticket sales, flight operations, and passenger services. Due to considerations including business globalization and tourism growth, passenger airlines are part of the aviation industry and play a significant role in airport traffic and operational throughput. Passenger airlines pay airports through several routes including landing fees, terminal rentals, and passenger service fees.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the airport operation market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product and service (aeronautical services: passengers, aeronautical services: airlines, nonaeronautical services: retail stores, nonaeronautical services: parking & ground transportation, nonaeronautical services: car rental) and major market (passenger airlines, individual consumers), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Key Companies Profiled-

Aéroports de Paris (ADP); Fraport AG; Heathrow Airport Holdings; VINCI Airports; Grupo Aeroportuario del Pacífico (GAP); Dubai Airports; Copenhagen Airports; Changi Airport Group; Sydney Airport; Aena; SITA

Industry News-

In October 2024, the largest private airport operator in India, Adani Airport Holdings Limited (AAHL), and Thales established a strategic alliance aimed at transforming AAHL's airport operations and improving the traveler experience throughout the country.

In September 2024, the Amazon Airport Concessionaire chose SITA, a provider of air transport technology, to install the SITA Airport Management system at seven VINCI airports in Brazil. The SITA Airport Management system optimizes fixed and mobile resources, including check-in desks and baggage reclaim carousels, and helps airport administrators and airlines handle flight operations. It also oversees airport personnel during aircraft turnaround.

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