COVID-19 Impact on Airport Operations Market

FLIR Systems, Inc. and Honeywell (US) are Leading Players in the COVID-19 Impact on Airport Operations Market

Post COVID-19, the size of the global airport operations market is expected to grow from USD 8.5 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 11.0% from 2020 to 2025. For the forecast period, the rise in demand for smart passenger screening and management systems at airports is anticipated to drive the growth of the market. However, in the short term, the market is expected to suffer losses, with a decline rate of 12.4% from 2020 to 2021 owing to temporary travel bans by various countries across the globe.

The increase in smart security at airports across the world is driving innovation in the security for passenger and baggage screening segments. The goal of smart security is to strengthen security, provide seamless passenger journeys, boost efficiency, minimize operational costs, and eliminate delays due to human error. Self-service technologies have been introduced for bookings, check-ins, and availing boarding passes. Self-service technologies at airports have improved customer service, reduced operational costs, and increased revenues for airlines as well as airports.

To know about the assumptions considered for the study download the pdf brochure

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.

Honeywell offers Smart Security Cameras, Radar Video Surveillance (RVS), and Perimeter Intrusion Detection Systems (PIDS) for curbside areas. These solutions can be used to enhance security. Solutions at the terminal side are focused on passenger screening and security. These solutions can reduce the check-in time and ease the baggage handling. Honeywell has an extensive partner ecosystem. It has partnered with multiple airports to test its smart solutions. Honeywell leverages its expertise in manufacturing and enterprise software to develop smart products and solutions that cater to the pressing needs of the aviation industry. The company has launched a connected airport platform, which includes solutions such as Building Management Systems and Smart Airport Solutions, to help airports manage their assets more economically.

FLIR Systems, Inc. is a prominent player in the thermal imaging market and has a strong product portfolio. R&D investments by the company are significant, resulting in a consistent product launch done by the company. The company adopted organic strategies such as product launch and inorganic growth strategies such as partnership, acquisition, and contract to strengthen its position in the said market. Moreover, the company supplies its thermal product range majorly to the US and French army. The company can use its strong product portfolio, brand image, and sales network to strengthen its grip on other regions

Collins Aerospace, a unit of United Technologies Corp. (UTC), is a technologically advanced and intelligent solutions provider for the global aerospace and defense industry. Collins Aerospace was formed to bring together the capabilities and expertise of two companies. The company designs, installs, and maintains passenger processing solutions configured to be efficient and economical space-savers fully integrated and easily adaptable to the always-evolving needs of airport operations. IN 2019, Collins Aerospace entered into an agreement with El Dorado International Airport (Bogota, Colombia) to provide the airport with a full suite of ARINC airport solutions

Major players in the airport operations market are focusing on short-term strategies to tackle the COVID-19 pandemic. For the short-to-long term, airport operations technology companies, robotics firms, autonomous equipment manufacturers, and digital service providers are seeing opportunities to boost their market share due to the ongoing crisis, as they can successfully pitch their existing products to the aviation industry.

Airport operators are being negatively impacted at a rapid rate due to the minimized movement of passenger and aircraft, as passenger movement is the only source of income for them. In the short term, we can see a decline in the growth of this segment due to travel bans. However, international regulatory bodies are making efforts to support loss-making airports with funding and the waiver of concession fees.

As a short-term strategy, Athena Security, a US-based threat detection and screening company whose systems were previously used to detect guns, now offers what it calls its ‘Fever Detection COVID19 Screening System.’ It deploys ‘artificially intelligent thermal cameras’ to detect fevers and alert users of the presence of someone who may be infected with COVID-19.

As a short-term strategy, Singapore Airlines has encouraged its office employees to work from home and implemented segregation for its operational employees, which means dividing them into small teams with more frequent rotations.

With a projected revenue loss between 40 and 50 percent for the current year and increased costs in areas such as communications and cleaning, the Calgary International Airport (Canada) is working on new cost-cutting measures.  The airport has had to lay off one-third of its staff, and executive leaders have taken pay cuts in order to help combat the economic struggles being faced by the facility due to the COVID-19 pandemic.

Related Reports:

COVID-19 Impact on Airport Operations Market by Technology (Passenger Screening, Baggage Scanners, Smart Tag & RFID, E-gate & E-Kiosk, 5G infrastructure, Cybersecurity Solutions and Ground Support Equipment) and Region - Global Forecast to 2025

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
AS 7621
RI Published ON
4/27/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the COVID-19 Impact on Airport Operations Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved