Wellesley, Mass., Nov. 21, 2017 (GLOBE NEWSWIRE) --
With more than 7,600 airports worldwide with major requirements for advanced airport technologies, BCC Research estimates the global market for technologies including air traffic management and control, communications, and landing aids, to approach $27.3 billion in 2022. The latest report, “Advanced Airport Technologies, Global Markets to 2022 ,” is an update of a previous report published in 2014. The updated estimates are significantly higher than the estimates in the previous edition, particularly in the passenger, baggage and cargo handling and control segment and the communications segment given the continuing need to expand airports and provide high-quality services while meeting rising technological, regulatory, security and economic demands.
Quick Links:
- New Report: Advanced Airport Technologies, Global Markets to 2022
- Check out complementary research: RFID, Surveillance & Security
- To speak with the lead analyst & author of this report, please contact: press @bccreseach.com
Global Market for Advanced Airport Technologies, by Type, Through 2022
($ Millions)
| Technology Type | 2016 | 2017 | 2022 | CAGR% 2017-2022 |
| Communications systems | 4,500.0 | 4,700.0 | 5,900.0 | 4.7 |
| Security, fire protection and emergency services | 2,087.0 | 2,222.7 | 3,188.2 | 7.5 |
| Passenger, baggage and cargo handling and control | 8,057.4 | 8,441.7 | 10,681.6 | 4.8 |
| Air/ground traffic management and control | 1,715.0 | 1,723.8 | 1,768.6 | 0.5 |
| Other technologies* | 3,969.0 | 4,206.0 | 5,746.0 | 6.4 |
| Total | 20,328.4 | 21,294.2 | 27,284.4 | 5.1 |
*Note: Includes navigational and landing aids, digital signage, airport management software, car parking systems. Source: BCC Research
According to the new report, BCC Research estimates the global market for advanced airport technologies will reach $21.3 billion in 2017 and approach $27.3 billion in 2022, with a CAGR of 5.1% over the next five years. This includes 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. Given the rapid development of this market and specific technologies, this new report was designed to help suppliers better manage their enterprise and resources effectively and help users select the most cost-effective option among available products and technologies prior to committing significant capital resources.
“Over the next 20 years, airport operators are expected to spend hundreds of billions of dollars on new airport construction, expansion and modernization. Our latest report spans electronic, electro-optical and other modern technologies used in airports around the world, and provides industry leaders a comprehensive view of global markets to drive strategic decision making based on a comparison of individual product segments,” said Andrew McWilliams, analyst, BCC Research.
Advanced Airport Technologies Gaining Steam – Research Highlights:
- 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 are the fastest-growing segment, with a CAGR of 10% over the next five years and increasing their market share from 6.6% in 2016 to a projected 8.8% in 2022.
- 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.
- Airport investment is shifting away from North America and Europe toward China and other emerging markets.
Readers can use this report to:
- Compare individual airport technologies product segements.
- Dive deep into top 5 airport technology types including Communication Systems, Security, Fire & Emergency, Passenger, Baggage, Cargo Control, Air/Ground Trafic Management & Control and Other Technologies.
- Gain a better understanding of the vendor landscape among leading advanced airport technologies.
Company Profiles
Airport technology leaders included in this report: Airport Information Systems, LTD., American Science & Engineering Inc, Bosch Security Systems, Inc., Cisco Systems Inc., Garrett Metal Detactors, Inc., Hitachi, LTD., Honeywell Airport Systems GMBH, IER, Leidos, Millvison Technologies, Oshkosh Truck Corp, Pesmel OY, Raytheon Corp., Rockwell Automation, Siemens Airports, Tyco Fire and Security, Vanderlande Industries, and Xerox Transportation Solutions, Inc. among others.
Journalists who wish to speak with the author of this report should contact press@bccresearch.com. Qualified members of the press can also request permission to BCC Research library. To learn more, please contact press@bccresearch.com.
Advanced Airport Technologies, Global Markets to 2022
Publish Date: November 2017
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.